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24-Hour Unattended Laundromat in Sussex County, DE

DE, US

Added 1 day ago

Laundromat / Retail Service

Absentee / Semi-Absentee

Unattended 24-hour laundromat located in Sussex County, DE, operating as an absentee-run, self-service retail business with no wash & fold services.

Asking

$535K

Revenue

$260K

Earnings

$158K

Multiple

3.4x

Business operates 24 hours, is unattended, and run absentee.
Store size is approximately 2,300 sq ft.
Equipment includes 24 washers (9.5 years old, 4 are 60lb XL) and 33 dryers (9.5 to 12 years old).
Owner has operated the store for approximately 18 years.
Located in a busy plaza with excellent parking; landlord will offer a new 10-15 year lease.
No wash & fold services; self-serve only.
Cleaner paid $35 per cleaning (twice daily on weekends, once daily on weekdays); another person paid $10 daily for machine detailing.
New 7-10 ton AC unit installed 2 years ago for approximately $15,000.
Water heater installed about 4 years ago; 3 large propane tanks for gas heaters.
No social media, internet, or Google listing; no marketing currently performed.

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24 Hr-Unattended/ Absentee Laundromat-Very profitable, Sussex DE $535k - Business for Sale