SOLD – Established Laundromat in Norfolk, Virginia
Asking Price: 90000.00
FF&E Included in Sale: Yes
Inventory Included in Sale: Yes
Real Estate Value: $
Real Estate Included in Sale: No
Year Established: 1989
Listing Number: HZ457AH
Listing Broker: Alan Horn
Great opportunity to take over an established laundromat located in the Ocean View area of Norfolk, Virginia. The business has been in operation for over 30 years and is situated in a shopping center with a national grocery anchor and many other well-known businesses. The space is just off a main thoroughfare and there is good street visibility with significant pedestrian and vehicle traffic.
The laundromat is an ideal location to cater to both residents and tourists who visit the area for the beaches during the season. One notable differentiating factor of this business is that it utilizes well water for operations and there is no water bill, which is a major cost saver. Don't miss this chance to buy a turn-key laundromat with plenty of opportunity to improve operations, expand services, and grow the business!
Description of Facilities:
Large laundromat situated in a bustling retail center just steps from the Chesapeake Bay and nearby a number of other small businesses, hotels, and attractions. The space is 2,000 square feet and leased for $2,900/month. The current lease runs through early 2024.
There is standard competition for the industry and market.
Growth & Expansion:
A new owner could grow and expand the business through offering complimentary services like wash 'n fold or by focusing on tailoring and garment repair.
Seller Financing Available:
Seller Financing Terms:
Reason For Sale:
Owner is retiring.
Seller Support & Training:
Owner will provide training and support to transition the business to the next owner.
Great opportunity to take over an established laundromat located in the Ocean View area of Norfolk, Virginia. The business has been in operation for over 30 years and is situated in a shopping center with a national grocery anchor and many other well-known businesses.