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Laundromat For Sale for sale in southport, NC

southport, North Carolina (NC)

Asking Price: Gross: Cash Flow:
$ 210,000 $ 220,000 $ 80,000

Furniture and Fixtures Value:
$ 190,000 (included in the asking price)

Inventory Value:
$ 3,000 (included in the asking price)

Business Summary:
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 collateralReal Estate: LeasedLease Terms: Renewal w/ OptionsLeasehold Rent: 1,544 per MoPremises 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 stateTrading hours: Coin-op is open 7 Days Wkly 6a-10p. WDF service is open Mon-Sat, 8a-8pEmployees: 4 part-timeYears established: 20Website: https://riverrunlaundry.com/Support & Training: 14 Days Cost NegotiableFurniture / Fixtures value: $ included in the asking priceHome-based: This is not a home-based business and needs owner attention or trusted person due to high cash handling.

 

   
Year Business was Established: 1994
   
Number of Employees: 4PT  
   
Potential Growth/Expansion: many untapped commercial accounts in the area  
   
Competition: No competition withing 20+ miles  
   
Owner willing to train: Yes  
   
Reason for selling: Moving out of state  
   
Seller Reference Number: bm1545395807
BusinessMart.com Listing Number: 245590
 

 

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5135032505
Bruce Calder

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