Hot Listing
Laundromat- LOCATION, LOCATION , LOCATION - Wilmington DE - $275,000
Business Description
This store is in a PERFECT location. It is surrounded by 2-3 family homes with large parking lot in a well appointed plaza.
Seller purchased store in Aug 2025 and fixed up with new lights, paint, AC, equipment repair, auto locks for front door, etc. Seller lives over 1 1/2 hours away and its to difficult to keep coming in to service store.
Store sales have been steadily increasing each week since he made cosmetic improvements as well as had all the machines repaired and working.
Great rent of $3790 for approx. 2500 sq ft that includes rent, CAM, water, sewer & trash. Yes, all of that is included. 20 years left on lease too.
1 employee works Fri, sat 7 un for 8 hours each day as well as comes in on Wed for 2 hours to clean. Wash & Fold is only processed on Fri, sat & Sun and they do about $180 week. You can increase this tremendously by having someone there more hours and consistently.
Auto lock doors and auto lights in place.
39 washers & 38 dryers approx. 25 years old in good working condition.
Note: laundromats are restricted to 24 washers & 24 dryers but this store has a variance in place that will allow up to 50 washers & 50 dryers. Plenty of room to grow.
You can always buy, upgrade and finance new equipment but you cannot buy such a great location.
$275,000 list price.
cash Offers only- No Financing.
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BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.
Seller purchased store in Aug 2025 and fixed up with new lights, paint, AC, equipment repair, auto locks for front door, etc. Seller lives over 1 1/2 hours away and its to difficult to keep coming in to service store.
Store sales have been steadily increasing each week since he made cosmetic improvements as well as had all the machines repaired and working.
Great rent of $3790 for approx. 2500 sq ft that includes rent, CAM, water, sewer & trash. Yes, all of that is included. 20 years left on lease too.
1 employee works Fri, sat 7 un for 8 hours each day as well as comes in on Wed for 2 hours to clean. Wash & Fold is only processed on Fri, sat & Sun and they do about $180 week. You can increase this tremendously by having someone there more hours and consistently.
Auto lock doors and auto lights in place.
39 washers & 38 dryers approx. 25 years old in good working condition.
Note: laundromats are restricted to 24 washers & 24 dryers but this store has a variance in place that will allow up to 50 washers & 50 dryers. Plenty of room to grow.
You can always buy, upgrade and finance new equipment but you cannot buy such a great location.
$275,000 list price.
cash Offers only- No Financing.
______________________________________________________________________
BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,500
- Rent
- $3,790.00 per month
Listing Info
- ID
- 2502977
- Listing Views
- 194
Listing ID: 2502977 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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