Excellent opportunity to own an established well-known laundromat situated just off a major thoroughfare in Manassas, Virginia that has been serving the local community for over 20 years. The business is in an ideal location for a laundromat with a high percentage of renters within a 1 mile radius. The business is situated in a popular retail strip center. The space has a neat and clean appearance with top of the line Dexter equipment. The building is air conditioned and has free Wi-Fi for customers. There have been numerous other upgrades in recent years including a video surveillance system, charging outlets, comfortable seating, and televisions/entertainment, and other ancillary services. There is an attendant on site to ensure excellent customer service is provided to all customers. A full list of all equipment is available upon inquiry. Please don't hesitate as we don't expect this opportunity to last long!
- Asking Price:
- $130,000 (USD)
- Sales Revenue:
- $110,000 (USD)
- Cash Flow:
- Available on request
Property Information
- Real Estate:
-
Lease
- Location:
-
The business is located in prominent shopping center just off a major thoroughfare.
- Premises Details:
-
The space is approximately 1460 sq ft with a rent of $2,902/month (including CAM). The current lease runs through April 2026 and a 5 year option is available.
Business Operation
- Expansion Potential:
-
There is room to grow and expand the business. A new owner might consider a targeted advertising/marketing campaign to nearby residents and businesses along with trying to bring in more recurring commercial accounts.
- Competition / Market:
-
There is standard competition for the industry and market, but this laundromat stands out from many competitors due to its clean interior, excellent location, and top of the line equipment.
- Reasons for selling:
-
Owner is retiring.
- Employees:
- 2
- Years established:
- 20
Other Information
- Support & training:
-
Seller will provide necessary training and support.
- Furniture / Fixtures value:
- $100,000 (USD)
