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
