Laundromat with Excellent Equipment&Great Location

Virginia Beach, VA
Virginia Beach City County

Asking Price: Annual Revenue:
$99,500 $69,451

Services: Dry Cleaning & Laundry

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RE: Laundromat with Excellent Equipment&Great Location Broker: Frank Chebalo

Quick Facts

Asking Price: $99,500
Annual Revenue: $69,451
Net Profit: Not Disclosed
Cash Flow: $35,244
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 1
BBN Listing #: 22034955
Broker Reference #: 2007-16114

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Business Overview:

Operating over 20 Years!
Updated Equipment
Great Cash Flow
Good Location!

This Laundromat Business opportunity is located in a Great Location with Updated Equipment. Operating over 20 years, the business is located in an outdoor shopping mall in a major city in Hampton Roads with easy access. The complementing equipment is made up of 31 washers and 28 dryers. Most all of the equipment is less than five years old, and all of the equipment is in great mechanical condition. Most recently 10 dryers have been replaced with new units. The business is currently operated absentee and without employees which offers up a few options for a buyer, as they can maintain this arrangement or decide to enter the business full time. Full time involvement would allow for stricter control and in house repairs, which may reduce operating expense and increase income. The space itself is attractive and inviting as well as centrally located offering a consistent customer base. The current owner will assist a Buyer, offering a smooth transition plan as part of the agreement to purchase.

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Property Features and Assets:

The facilities 2,000 square feet operates very efficiently as the water supply is provided by a well for the washer complement, and the dryers are operated by gas. The lease for the space is reasonable at $2,200 per month with multiple options incorporated in the current lease agreement. Assets= $85,000

Reason for Selling:

Decision to sell is Personal.

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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