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Laundromat - $210000 (Wilmington)

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Well established (20+ years), great location with no competition for 20+ miles.
Great cash flow, most revenue is in cash. Only a portion of the WDF business uses electronic payments. We offer delivery to local customers. Very busy established WDF clientele including commercial customers.
Clean/Well Lit & Well Maintained Store, Top Name High-efficiency Coin Operated Washers and Dryers, 26 washers (18-50lbs), 18 dryers.
Local military base as occasional customer.
Bag and soap vending. Two bill changers. No debt, no leases. Low rent.
The registered population within 10 miles is over 10,000 but is significantly higher in summer due to tourism.

Seller Financing: Seller will consider 50% financing with suitable collateral

Real Estate: Leased

Lease Terms: Renewal w/ Options

Leasehold Rent: 1,544 per Mo

Premises Details: Busy Retail / Commercial Area. Store size is approximately xxxxx plus sq. ft., great lease, high traffic count, large parking lot, densely populated. ASKING PRICE INCLUDES All Laundry Equipment (washers/dryers), bill changers, carts, Vending machines for laundry detergent & softeners, benches, security system with cameras, laundry tables, chairs, Signage (interior and exterior), all leasehold improvements and much more.

Expansion Potential: Full-service laundry including delivery is becoming more popular among busy professionals, vacationers, and time-starved families. Summer is the busiest time with the population exploding due to the many beaches in the area. Aggressive marketing to local hotels, spas, and property management companies could significantly increase income potential.

Reasons for selling: relocating out of state

Trading hours: Coin-op is open 7 Days Wkly 6a-10p. WDF service is open Mon-Sat, 8a-8p

Employees: 4 part-time
Years established: 20

Website: https://riverrunlaundry.com/

Support & Training: 14 Days — Cost Negotiable

Furniture / Fixtures value: $190,000 included in the asking price
  • do NOT contact me with unsolicited services or offers

post id: 6982314629

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