Laundromat in a Great Location with Updated Equipment!

Virginia Beach City County, VA

Laundromat in a Great Location with Updated Equipment!

Asking Price:$125,000

Cash Flow:$30,000

Gross Revenue:$100,050




Rate/Sq. Ft.:N/A


Laundromat in a Great Location with Updated Equipment!

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Business Description

Laundromat in a Great Location with Updated Equipment!

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.

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
1 FT/3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Will train for 4 weeks @ no cost.
Reason for Selling:

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Murphy Business

Business Listed By:
Murphy Business

Murphy Business & Financial Corporation

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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. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The Georgia Association of Business Brokers (GABB).

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