MergerPlace

Established Laundromat in Prime Location

Arlington, Virginia (Arlington)


  • Asking Price: $60,000
  • Gross Income: $110,000
  • Cash Flow: $48,000
  • Real Estate: Not Disclosed
  • Inventory: $1,500
  • FF&E: $45,000
  • Listing ID: #206368
  • Established: 2007
  • Employees: 2

Business Description

A small initial investment to own an established laundromat in one of the most sought after retail markets in Northern Virginia. The business is situated in a retail strip mall on a primary thoroughfare in Arlington County near major military and commercial retail centers. 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 strong wash/fold business and many loyal customers. There are currently 17 washers and 18 dryers in the facility. There is room to grow and attractive lease terms available. The current owner decided it's time to retire, so don't miss this as it's priced to sell!


Business Details

Primary Business Category: Services - Other Services
Location: Virginia
Metropolitan Area: Arlington
County: Arlington

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $60,000
Gross Revenue: $110,000
Cash Flow: $48,000
FF&E: $45,000
Inventory: $1,500
Seller Financing Available: Yes

Property Information

Facilities:

Situated in a growing section of Arlington County near major military and commercial retail centers. The laundromat is located in a strip mall in a high density area. The space is approximately 700 sq ft with 17 washers and 18 dryers.

Growth & expansion opportunities:

There is ample room to grow as this is 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.

Competition:

There is standard competition for the industry and market, but this laundromat is established and located on a major thoroughfare. The business has good online reviews, so they do a good job attracting new customers along with their loyal clientele base.

Reason for selling:

Owner is retiring.

Support & Training:

Seller will provide necessary training and support.

Contact Business Seller

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Business Listed By:

Alan Horn

Horizon Business Brokers, LLC