MergerPlace

Laundromat with Excellent Equipment

Virginia (Virginia Beach City)


  • Asking Price: $99,500
  • Gross Income: $69,451
  • Cash Flow: $35,244
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $85,000
  • Listing ID: #225099
  • Established: 1999
  • Employees: 1 FT

Business Description

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 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.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT

Financial Information

Asking Price: $99,500
Gross Revenue: $69,451
Cash Flow: $35,244
FF&E: $85,000
Seller Financing Available: No

Property Information

Facilities:

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.

Reason for selling:

Decision to sell is Personal.

Support & Training:

Will train for 2 weeks @ no cost

Contact Business Seller

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Business Listed By:

Frank Chebalo

Murphy Business Brokers