Owner Financing is Available!
Business Overview:
Well Established large laundromat located in high density area of Durham NC. Facility is located in a large shopping center. Tenants include: Grocery, Electronic store, clothing stores, a barber shop and several fast food locations, including McDonald's, Hardees and Churches.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Equipment , less than 5 yrs old is in great shape in this all cash business. 36 Washers, 32 dryers all energy efficient front loaders and large capacity gas dryers. Washers and dryers are combination of Maytag and Wascomat. 3,200 Square Feet with 4 years left on lease with 5 year option. Very loyal customer base. The store is 4 years old. The hours are 7:30 - 8:00 P.M. (last wash 8:00 P.M.)
Wash prices are $4.25 for triple load, $3.75 for double and $2.25 for single with dryer prices at .25 cents for 7 minutes for the single load dryers (30 pounder) and .25 cents for 5 minutes for large dryers (50 pounders).
Market Competition and Expansion:
There are other coin laundries around. Currently there is one employee. There are no commercial accounts or wash/dry/fold but could easily obtain both.
Reason for Selling:
other ventures
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.