HomeSOLD – Established Laundromat in Charlottesville, Virginia

SOLD – Established Laundromat in Charlottesville, Virginia

  • Business Type: Drycleaning/Laundry Services
  • Asking Price: 250000.00
  • Gross Revenue: 144977.00
  • Cash Flow: 60000.00
  • FF&E Value: 150000.00
  • FF&E Included in Sale: Yes
  • Inventory Value:
  • Inventory Included in Sale: No
  • Real Estate Value: $
  • Real Estate Included in Sale: No
  • State: Virginia
  • City/County: Charlottesville
  • Year Established: 2004
  • Employees: 1
  • Listing Number: HZ514AH
  • Listing Broker: Alan Horn
  • Broker Contact: 240-394-5089
  • Broker Email: alan@horizonbrokers.com
  • Business Summary: Excellent opportunity to own a laundromat in the heart of historic Charlottesville, Virginia. The laundry has recently been upgraded with state-of-the-art Huebsch equipment. There are 30 washers and 16 dryers on site. The business is located in a favorite neighborhood shopping center near downtown with many nearby apartments/condos and residential communities. Major employers include The University of Virginia, Blue Ridge Hospital, Sentara Hospital, U.S. Dept of Defense, and City/County Government offices all located within the service area for this laundry. Post COVID population shifts suggest a bright future for outlying suburban communities like Charlottesville, as more people embrace remote work and enjoy the advantages of a fresh air lifestyle near the Blue Ridge Mountains.

    There are solid financials with verifiable P&L statements for review for prospective buyers upon completion of an NDA. The laundry is run unattended with LOW rent and is a complete absentee owner operation. There is room for growth with the addition of wash n fold and or pick up/delivery services. The Charlottesville area has seen significant growth the past decade. Don't miss out on the chance to own a well-known laundromat with an established track record, steady revenue and dependable cash flow.
  • Description of Facilities: The laundromat occupies a 2000 sq ft space in a small neighborhood shopping center. The space is leased for $2930/month including NNN. There are 7 years remaining on the lease with options available.
  • Competition: There is standard competition for the industry and market.
  • Growth & Expansion: The business is currently run on a complete 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 help bring in new customers.
  • Seller Financing Available: No
  • Seller Financing Terms:
  • Reason For Sale: Owner is retiring/moving out of the area.
  • Seller Support & Training: Seller will provide necessary training and support.
  • Get More Information: To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
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Excellent opportunity to own a well-known laundromat in the heart of Charlottesville, Virginia. The laundromat has 30 washers and 16 dryers that were recently upgraded with state of the art Huebsch equipment. The business is located in a neighborhood shopping center and in close proximity many apartments, residential communities, the University of Virginia and two hospitals.

 

 
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