Established Laundromat in Charlottesville Virginia

Charlottesville, VA
Charlottesville City County

Asking Price: Annual Revenue:
$250,000 $144,977

Services: Dry Cleaning & Laundry

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RE: Established Laundromat in Charlottesville Virginia Broker: Alan Horn

Quick Facts

Asking Price: $250,000
Annual Revenue: $144,977
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 1
BBN Listing #: 173632377
Broker Reference #: HZ514AH

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Business Overview:

Excellent opportunity to own a laundromat in the heart of historic Charlottesville, Virginia. The laundry has recently been upgraded with state-of-the-art Huebsch equipment. There are 30 washers and 16 dryers on site. The business is located in a favorite neighborhood shopping center near downtown with many nearby apartments/condos and residential communities. Major employers include The University of Virginia, Blue Ridge Hospital, Sentara Hospital, U.S. Dept of Defense, and City/County Government offices all located within the service area for this laundry. Post COVID population shifts suggest a bright future for outlying suburban communities like Charlottesville, as more people embrace remote work and enjoy the advantages of a fresh air lifestyle near the Blue Ridge Mountains.

There are solid financials with verifiable P&L statements for review for prospective buyers upon completion of an NDA. The laundry is run unattended with LOW rent and is a complete absentee owner operation. There is room for growth with the addition of wash n fold and or pick up/delivery services. The Charlottesville area has seen significant growth the past decade. Don't miss out on the chance to own a well-known laundromat with an established track record, steady revenue and dependable cash flow.

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Property Features and Assets:

The laundromat occupies a 2,000 square feet space in a small neighborhood shopping center. The space is leased for $2,930/month including NNN. There are 7 years remaining on the lease with options available.

Market Competition and Expansion:

Competition: There is standard competition for the industry and market. Growth & Expansion: The business is currently run on a complete absentee basis so there is substantial growth potential with the addition of wash 'n fold and or pick up/delivery services. A new owner could also choose to be more hands on and active in the business which could help bring in new customers.

Reason for Selling:

Owner is retiring.

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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