Own The Only Laundromat in Town!

Contact Seller
Own the only Laundromat in a Small Town!
Asking Price:
$145,000

Gross Revenue:
$120,000
Cash Flow:
$55,400
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

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

Year Established:
2004
Number of Employees:
0
Facilities:
Equipment List:

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
Change Machine

New HVAC and Roof installed in 2018!
Market Outlook/
Competition:
The current owner does little to no marketing and has been running it absentee; there is ample opportunity to grow the business.
Contact the Seller

About the Sale

Reason For Selling:
Other Business Interests
Seller Financing:
Ask

Listing Info

ID:
1563803
Ad Detail Views:
272

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Neal Isaacs, MBA, CBI

VR Business Brokers - Raleigh

 Show Phone Number

View My 12 Active Listings
Memberships:

Certifications:
U.S. Census Data for Johnston County, NC
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Johnston County, NC
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 & Conditions.
;