Business Description

Located in Williston, ND, this 3,600 sq ft facility offers self-service laundry, showers, and drop-off services for workers in the agriculture, fields, and energy industries. With minimal competition in the area, the laundromat uses card-operated machines for secure transactions, making it easier for the out-of-state owner. The business, established in 2012, is a preferred choice for oil company contractors working in the region. Priced at $769,000, the business has been pre-approved by an SBA lender and offers a 15% down payment option resulting in a $108,294 return in the first year after debt payments. The owner is including over $474,000 in hard assets and a 10% promissory note along with 6 months of training for the new owner. The operation has a 41% profit margin, and potential for revenue growth by expanding services such as starching, dry-cleaning, or pick-up services