Laundromat – Selma, North Carolina – Laundromats For Sale

Laundromat – Selma, North Carolina

For Rent, For Sale $145,000.00 - Selma, NC - Leased

Business Description

Own the only Laundromat in a Small Town!

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.

Detailed Information

Employees: 0

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

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!

Competition: The current owner does little to no marketing and has been running it absentee; there is ample opportunity to grow the business.

Financing: Ask

Reason for Selling: Other Business Interests

Property Map

Agent Neal Isaacs, MBA, CBI

  • Office : 919-628-0571

VR Business Brokers of the Triangle www.VRbizTriangle.com
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