Business For Sale

Coin Laundry for Sale in Fredericksburg, VA

Fredericksburg, VA
Fredericksburg City County


Asking Price: Annual Revenue:
$402,500 $116,561

Services: Dry Cleaning & Laundry


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RE: Coin Laundry for Sale in Fredericksburg, VA Broker: Yuri Kovalenko

Quick Facts

Asking Price: $402,500
Annual Revenue: $116,561
Net Profit: Not Disclosed
Cash Flow: $68,041
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 918051174
Broker Reference #: 76551-139854

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Business Overview:

All new high extract high efficiency washers and dryers. 10 year major component warranty on washers and 3 year all remaining parts on washers and dryers. All washers are equipped with state of the art control platform that allows for multiple price levels, time of day/day of week price, self cleaning and diagnostics. Washer controls display in both English and Spanish, have built in cycle modifier options for increased vend revenues, owner selectable water levels and large coin vaults to increase time between money collections. Stainless steel panels adorn all washers and dryers for appearance enhancement and ease of cleaning. 9 washer and 6 dryer pockets accept both coin and credit card directly at the control for customer payment flexibility.

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Property Features and Assets:

Approximately 2,000 square feet free standing building with ample off street parking. New flooring, ceiling, ceiling fans, roof (2014), paint, electrical upgrades, 90% new interior plumbing. Automated door locks, lights, and televisions….no need to manually open and close by owner or staff. New air conditioning also! Remotely viewable camera system, internal customer wifi and a completely new bathroom have been installed. Interior signage, seating, and folding tables have been custom made to fit footprint of the location and keep customer traffic convenient. Back room/office area has been modified for drop off services production and small part/supply storage. This store has been completely renovated with top of the line, energy efficient equipment and partial remote card system. Ownership involvement at this time is once a week to collect money and transfer quarters. Since store has been renovated, there has been no advertising or marketing effort at all. Profit has increased 39.14% organically. This increase will undoubtedly continue to maintain and increase into the following year without no involvement.

Market Competition and Expansion:

This location is partially attended and offers small amount of Wash Dry Fold Service through attendant operation. If owner involvement were to increase, marketing effort put into place and additional revenue sources instituted, growth will increase bottom line dramatically, thus allowing for quicker note pay off and quicker return on initial investment. The overall return on investment over the life of this equipment will therefore increase substantially. This location comes completely built out and in operation, cash flowing. How many new business build or start-ups offer immediate cash flow. This laundromat is also the lowest priced equipment within the area. Immediate take-over of this location modifies the equipment programming for efficiency and increase the washer pricing slightly thus increasing revenue instantly.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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