For sale is a 2140 sq ft laundry facility located in a high-density area of Wilmington, DE. The facility includes 31 Wascomat washers and 38 Wascomat dryers, both older models. There is ample parking available in the front and rear of the building.

This laundromat has been family-owned and operated for the last 8 years, and the current owners are ready to retire. The current hours of operation are 7 AM to 6 PM, and the business is closed on Wednesdays. This presents a great opportunity for a new owner to extend the hours and increase revenue.

Currently, when you search for the laundromat on Google, it shows as closed, highlighting an opportunity for improved marketing. The business closes at 6 PM because the current owner, who is 70 years old, finds 11 hours a day to be sufficient. Although they do not keep a Profit and Loss statement, the owners have stated they net around $50,000 annually with a 50/50 mix of drop-off and self-serve laundry services.

The current lease runs until July 31, 2028, and the landlord is willing to extend it further for the new owner. Rent is $3,101 per month, with an annual increase of about $90 for the remainder of the lease.

Feel free to visit the laundromat at The Wash Depot, 1420 Lancaster Ave, but please do not ask the owners any questions as they have hired me to answer all inquiries. The seller is very nice but does not speak English very well.