Own The Only Laundromat in Town!
Own the only Laundromat in a Small Town!
(Seller's Discretionary Earnings)
included in asking price
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This business has been a staple in Selma, NC for over a dozen years. Located on Pollock Street, the Selma Laundromat sit right in the center of town with "main street" traffic and excellent demographics to support a coin-op laundromat. Selma is a blue collar town with almost no other laundromats in the immediate vicinity.
- Premium location on a major thoroughfare in Selma, NC.
- Consistent revenues
- Simple business model, Cash Business
- On the main street Selma, NC
Demographic information according to AreaVibes.com:
The population density in Selma is greater than 6,000 people, 622% higher than NC
The median age in Selma is 32 years old, 17% lower than NC
The median household income in Selma is $29K/year.
The median condo/house value in Selma is $88K.
In Selma 41.58% of the population is White.
In Selma 41.93% of the population is African American.
Note: Lease rate is $4,800 and INCLUDES utilities of approximately $2,800/month! This owner of the business also owns the real estate. The business is for sale with the rental rate listed, but the real estate is available through a separate contract. Cash flow is based on gross revenue less rental rate advertised, and the cash flow would be greater for a buyer who also purchases the real estate. Inquire today for more details and options.
About the Business
Contact the Seller
- Year Established:
- Number of Employees:
5 x 40 LB Continental washers
10 x 30 LB Continental washers
7 x 18 LB Continental washers
13 Whirlpool top loaders washers
48 Stack dryers
New HVAC and Roof installed in 2018!
The current owner does little to no marketing and has been running it absentee; there is ample opportunity to grow the business.
About the Sale
- Reason For Selling:
Other Business Interests
- Seller Financing:
- Ad Detail Views: