LISTING DETAILS
Listing Status: New
Asking Price: $225,000
Total Sales: $182,000
Cash Flow: $58,000
Real Estate Asking Price: N/A
FFE: $185,000
FFE Included in Sale: Yes
Inventory Included in Sale: Yes
Year Established: 2004
Description
Business Summary:
Excellent opportunity to own a laundromat in the heart of historic Charlottesville, Virginia. The business is located in a popular neighborhood shopping center near the downtown area with many apartments/condos and residential communities in close proximity. The laundromat features state-of-the-art Huebsch equipment. There are 30 washers and 16 dryers on site.
Major area employers include: The University of Virginia/UVA Health System, Sentara Hospital, U.S. Dept of Defense, and numerous City/County Government offices all located within the service area for this business. The greater Charlottesville area has seen robust population growth over the past 10 years. The laundry is run mostly unattended with reasonable rent allowing for a new owner to step in and grow the business from day one. There is room to offer complementary services with the addition of wash 'n fold and/or pick up/delivery services. Don't miss out on the chance to own a well-known laundromat with a 20+ year established presence in the market. Contact us today to learn more!
Description of Facilities: The laundromat occupies a 2000 sq ft space in a neighborhood shopping center. The space is leased for $3,135/month (including NNN). The current lease runs through October 2029 with an option to extend available.
Competition: There is standard competition for the industry and market.
Growth & Expansion: The business is currently run on a mostly absentee basis so there is substantial growth potential with the addition of wash 'n fold and or pick up/delivery services. A new owner could also choose to be more hands on and active in the business which could have a positive impact on operations along with attracting new customers.
Training & Support: Seller will provide necessary training and transitional support.
For more information on this listing, please complete our Buyers Package starting with our Non-Disclosure Agreement
