Laundromat in a Prime Location in Falls Church, VA

Falls Church, VA
Falls Church City County

Asking Price: Annual Revenue:
$120,000 $72,000

Services: Dry Cleaning & Laundry

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RE: Laundromat in a Prime Location in Falls Church, VA Broker: Alan Horn
Owner Financing is Available!
Available depending on final purchase price, terms, and qualifications of the buyer.

Quick Facts

Asking Price: $120,000
Annual Revenue: $72,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 189232377
Broker Reference #: HZ490AH

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Business Overview:

Great opportunity to own an established laundromat in a sought after market in Northern Virginia. The business is situated in a small retail strip mall on a primary thoroughfare in Falls Church. The business is currently run on a complete absentee basis. Newly redeveloped high density mixed-use retail/residential make this the perfect opportunity for a solo owner operator or as part of a family business.

The laundromat has a good reputation in the area with many loyal customers. A new owner might consider adding wash 'n fold services or even offering pickup and delivery. There is also room to add ancillary products into the mix like an ATM, food/vending, games, lottery/money transfer, and more. The current owner decided it's time to retire, so don't miss out on this opportunity!

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Property Features and Assets:

The laundromat is located in an established part of Falls Church and is located in a small strip mall in a high density area just off a major thoroughfare that is leased for $3,200/month. The space is approximately 1,500 square feet and the current lease runs through March 31, 2024.

Market Competition and Expansion:

Competition: There is standard competition for the industry and market, but this laundromat is established and conveniently located for many nearby residents. There are several complimentary businesses around the laundromat enabling the business to attract new customers along with their repeat customers. Growth & Expansion: There is ample room to grow as it's a well-established neighborhood laundry that could benefit from fresh management with a focus on internet, direct mail, local print promotions, and other advertising to the nearby rental market.

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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