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Laundry Service

Location: Wilmington, NC

ID: (#200823)

200823
Price:$225,000
Revenue:$120,000
Cash Flow:$1
FF&E (Assets):$78,000
Inventory:$2,000
Real Estate:$0

Overview

This is a niche laundry business that services commercial and residential clients from Bald Head Island to Surf City and everything in between. It’s been growing exponentially since its opening in March 2021.
The business is centrally located in Wilmington, in a completely renovated, free standing building (real estate not included but optional for sale). Eight commercial washers and eight dryers, a professional steamer, and a delivery van are included in the sale.
All equipment is brand new. The machines are currently running only one shift, which leaves ample room for growth. Additionally, the building has room for more, with plumbing prepared for two more washers and two more dryers.
The business is fully staffed, and some of the employees would like to take on more hours.
This is a turn key business with a proven concept and great reputation. The owner was looking to retire and started this as a small side-gig, not anticipating the high market demand. This business needs an entrepreneur that can handle the growth, who might want to expand to additional locations or possibly franchise the concept.

*Images are stock photos and do not reflect the actual business or product line.

Details

Reason for Selling:

Retirement

Established:

2020

Employees:

6

Furniture, Fixtures, and Equipment (FF&E):

Washers, dryers, steamer, van, other furniture

Facilities:

Real Estate optional for sale

Inventory:

Cleaning supplies

Competition:

Nobody that offers the same service.

Opportunities for Growth:

Exponential growth now and high demand, new owner can add another shift.

Support and Training

Seller will train the new owner as required.

Broker Contact Information

  • Regina Fisher
  • North Carolina - Wilmington
  • (910) 520-0737 Mobile
  • (910) 520-0737 Office
  • (208) 248-5610 Fax
  • By Appointment Only
  • NC #282486
  • North Carolina - Wilmington
  • By Appointment Only
  • 1314 Culbreth Dr
  • Wilmington, North Carolina 28405
  • Real Estate Broker: NC #282486