24 Hr-Unattended/ Absentee Laundromat-Very profitable, Sussex DE $535k - Business for Sale
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24-Hour Unattended Laundromat in Sussex County, DE
DE, US
Added 1 month ago
Laundromat / Retail Store
Absentee / Semi-Absentee
Unattended, 24-hour laundromat operating on an absentee basis in Sussex County, Delaware, located in a busy plaza with approximately 2,300 sq ft of space.
Key Information
Asking
$535K
Revenue
$260K
Earnings
$158K
Multiple
3.4x
Key Highlights
- Business operates 24 hours, unattended, and is run absentee
- Store size is approximately 2,300 sq ft
- 24 washers (9.5 years old) and 33 dryers (9.5 to 12 years old) are included
- Owner has operated the business for approximately 18 years
- Landlord will offer a new 10-15 year lease
- No wash & fold services; self-serve only
- No social media or internet presence; not registered on Google
- Cleaner is paid $35 per cleaning (twice daily on weekends, once daily on weekdays), and another person is paid $10 per day for machine detailing
- A new 7-10 ton AC unit was installed 2 years ago for approximately $15,000
- Water heater installed about 4 years ago; 3 large propane tanks for gas heaters
Contact Info
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