SOLD – Established Laundromat in Prime Arlington Location
Asking Price: 50000.00
Cash Flow: 48000.00
FF&E Value: 45000.00
FF&E Included in Sale: Yes
Inventory Included in Sale: No
Real Estate Value: $
Real Estate Included in Sale: No
Year Established: 2007
Listing Number: HZ292AH
Listing Broker: Alan Horn
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.
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:
Seller Financing Terms:
Reason For Sale:
Seller Support & Training:
Seller will provide necessary training and support.
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.