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Established & Well-Known Laundromat/Dry Cleaner in High Traffic Market

Falls Church, VA (Fairfax County)

Established & Well-Known Laundromat/Dry Cleaner in High Traffic Market
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Asking Price: $150,000

Cash Flow: N/A

Gross Revenue: $145,235

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Rent: $7,600 /Month

Established: 2001

Established & Well-Known Laundromat/Dry Cleaner in High Traffic Market

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Business Description

Great opportunity to own an established laundromat and dry cleaner that's situated in a high traffic shopping center in Northern Virginia with many loyal customers. There is approximately $85,000 in new equipment that is less than two years old.

The business is located just off the beltway and next to major chain grocery and many national retail brands. 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 owner has decided it's time to retire, so don't miss this as it's priced to sell!

Detailed Information

Location:
Falls Church, VA
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
5/1/2029
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The laundromat is ideally located just off the beltway in a strip mall near many well-known anchor stores and retail establishments. The business is in an established section of Fairfax County near major residential and commercial centers. The 2400 square foot space is leased for $7600/month with 10 years remaining on the lease with a 5 year option.
Competition:
There is standard competition for the industry and market, but this laundromat is established and located just off a major thoroughfare. The business has been established for over 25 years with a loyal client base.
Growth & Expansion:
There is ample room to grow as this is a well-established laundromat that could benefit from fresh management with a focus on online advertising, direct mail, local print promotions, and other advertising to the nearby rental market.
Financing:
N/A.
Support & Training:
Owner will provide necessary training and support.
Reason for Selling:
Owner is retiring.
Business Website:
http://www.horizonbrokers.com
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(from currently available funds)
 
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Alan Horn

Business Listed By:
Alan Horn

Horizon Business Brokers, LLC

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Sponsoring Broker:
Dustin Zeher, CBI

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