Operating over 20 Years!
Great Cash Flow
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 offer a smooth transition plan as part of the purchase with a minimum of 30 days, and for the right buyer the seller will consider some level of seller financing.
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.
Decision to sell is Personal.
Will train for 2 weeks @ no cost