Well located Coin Operated Laundromat

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Asking Price:
$146,900

Gross Revenue:
$138,000
Cash Flow:
$38,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

Located in a busy shopping center, close to all major businesses and residential neighborhoods, this laundromat stays busy all day. This business benefits from owning and operating well-maintained, like new, all size washers and dryers. Also, it offers Wash & Folds service which is growing every day.
For more information, please call Fouad Mohit 757-237-2301 or
fouad@sunbeltnetwork.com

About the Business

Year Established:
2017
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
2,400
Lease Amount/Mo.:
$1,500.00
Lease Expiration:
5/31/2022
Market Outlook/
Competition:
Located on a major street in a well maintained and well-manicured shopping center with a lot of parking make it difficult to compete with.
Growth & Expansion:
The next cavity is available for lease and the landlord is willing to assist the buyer with the expansions.
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About the Sale

Reason For Selling:
Poor health
Training/Support:
Seller will train the buyer at no cost.

Listing Info

ID:
1509485
Ad Detail Views:
949

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Business Listed by

Fouad Mohit

Sunbelt Business Brokers of Hampton Road

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Sponsoring Broker:

SUNBELT HRVA
Sunbelt Business Brokers of Hampton Road

U.S. Census Data for Virginia
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Virginia
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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