Laundromat in a Great Location with Updated Equipment!

Virginia Beach, VA (Virginia Beach City County)

Seller Financing Available
Laundromat in a Great Location with Updated Equipment!

Asking Price:$125,000

Cash Flow:$30,000

Gross Revenue:$100,000

EBITDA:N/A

FF&E:N/A

Inventory:$5,000

Established:1995

Laundromat in a Great Location with Updated Equipment!

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Business Description

Laundromat in a Great Location with Updated Equipment!

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

Operating over 20 years this laundromat is located in an outdoor shopping mall in a major city in Hampton Roads. The complementing equipment is made up of 34 washers and 30 dryers. The washer lineup includes 21 new washers which are under warranty, and the balance of the equipment is in great mechanical condition. The business is currently operated absentee with six employees overseeing the operation. All of the employees are part time. This offers up a few options for a buyer, as they can maintain this arrangement or decide to enter the business full time and operate, allowing them to capture additional income. The space is attractive and centrally located offering a consistent customer base primarily based on the businesses longevity. The facilities 2,800 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 $2,400 per month with multiple options incorporated in the current lease agreement. 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. For more information, call Frank Chebalo, Advanced Business Brokerage, at 757-478-8346, or email at: frank@advancedbusinessbrokerage.com

Detailed Information

Inventory:
Included in asking price
Support & Training:
Available
Reason for Selling:
Relocation

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Frank Chebalo, CBI,ABI,CMSBB,CBC

Business Listed By:
Frank Chebalo, CBI,ABI,CMSBB,CBC

Advanced Business Brokerage LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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