HomeSOLD – Established & Profitable Neighborhood Laundromat in Wilmington, Delaware

SOLD – Established & Profitable Neighborhood Laundromat in Wilmington, Delaware

  • Business Type: Drycleaning/Laundry Services
  • Asking Price: 165000.00
  • Gross Revenue: 117000.00
  • Cash Flow: 35000.00
  • FF&E Value: 100000.00
  • FF&E Included in Sale: Yes
  • Inventory Value: 500.00
  • Inventory Included in Sale: Yes
  • Real Estate Value: $
  • Real Estate Included in Sale: No
  • State: Delaware
  • City/County: Wilmington
  • Year Established: 2002
  • Employees:
  • Listing Number: HZ494AH
  • Listing Broker: Alan Horn
  • Broker Contact: 240-394-5089
  • Broker Email: alan@horizonbrokers.com
  • Business Summary: Excellent opportunity to own a well-known neighborhood laundromat located in downtown Wilmington, Delaware. The business is situated just off a main thoroughfare and surrounded by many other small businesses and local establishments. There is currently a strong wash/fold/dry, cleaning drop, and pickup/deliver business. The laundromat has been operated by the current owners for more than 18 years.

    The laundromat is nearby a large number of residential and commercial centers with countless potential customers in very close proximity. The owner currently works 30 hours a week at the business. There is a significant amount of goodwill, loyal customers and room for growth with value added services and additional income streams. New management can add check cashing, convenience sales, lottery, ATM and other vending to increase revenue.

  • Description of Facilities: The 1100 square foot space is leased for $1750/month (including NNN) and the lease runs through 2026. There are 22 washers and 22 dryers onsite.
  • Competition: There is standard competition for the industry and market.
  • Growth & Expansion: There is room to grow and expand the business.
  • Seller Financing Available: Yes
  • Seller Financing Terms: Seller is willing to provide financing based on the final purchase price, terms and qualifications of the buyer.
  • Reason For Sale: Owner is retiring.
  • Seller Support & Training: Seller will provide necessary training and support.
  • Get More Information: To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
  • Download:

Excellent opportunity to own a well-known neighborhood laundromat located in downtown Wilmington, Delaware. The business is situated just off a main thoroughfare and surrounded by many other small businesses and local establishments. There is currently a strong wash/fold/dry, cleaning drop, and pickup/deliver business. The laundromat has been operated by the current owners for more than 18 years.
Share listing on:
Back to Results Start a New Search

Contact Form