SOLD – Established Laundromat in Prime Arlington Location
Business Type:
Drycleaning/Laundry Services
Asking Price: 50000.00
Gross Revenue:
110000.00
Cash Flow: 48000.00
FF&E Value: 45000.00
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: Arlington
Year Established: 2007
Employees: 2
Listing Number: HZ292AH
Listing Broker: Alan Horn
Broker Contact:
240-394-5089
Broker Email:
alan@horizonbrokers.com
Business Summary:
A small initial investment to own an established laundromat in one of the most sought after retail markets of Northern Virginia. The business is situated in a retail strip mall on a major thoroughfare in Arlington County near major military and commercial retail centers. 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 laundromat has a good reputation in the area with strong wash/fold business and many loyal customers. There is room to grow and attractive lease terms available. The current owner decided it's time to retire after running the business for a decade. Don't miss this as it's priced to sell!
Description of Facilities:
Situated in a growing section of Arlington County near major military and commercial retail centers. The laundromat is located in a strip mall in a high density area. The space is approximately 700 sq ft with 17 washers and 18 dryers. The current rent is $2000/month with options to renew available.
Competition:
There is standard competition for the industry and market, but this laundromat is established and located on a major thoroughfare. The business has good online reviews, so they do a good job attracting new customers along with their loyal clientele base.
Growth & Expansion:
There is ample room to grow as this is a well-established neighborhood laundry that could benefit from fresh management with a focus on internet, direct mail, local print promotions, and other advertising to the nearby rental market.
Seller Financing Available:
No
Seller Financing Terms:
Not available.
Reason For Sale:
Retirement.
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.
Download:
A great opportunity to own an established laundromat in a high traffic and growing area. The business is situated in a retail strip mall on a major thoroughfare in Arlington County near major military and commercial retail centers.
