Well-established laundromat and laundry pickup/delivery business located in a central Chesapeake location with a strong, long-term lease. The business features state-of-the-art, newer equipment that remains under warranty, a nicely built-out facility, several branded delivery vans, and an established pickup and delivery operation. Revenue is approximately split 50/50 between traditional laundromat services and pickup/delivery services, providing multiple revenue streams and significant opportunity for continued growth. The business is semi-absentee operated with an experienced manager and a strong team already in place. A simple, well-run business with modern equipment, an established customer base, and upside to grow both the laundromat and pickup/delivery sides of the operation.
- Asking Price:
- $1,299,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $891,233
- Cash Flow:
- $220,308
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Aug 2031
- Leasehold Rent:
-
$67,668 per annum
- Location:
-
Located in good area for Laundromats, good anchor, and centrally located for the pickup service.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
Additional advertising for the laundromat in the local area, grow residential and commercial pick up accounts.
- Competition / Market:
-
There is not a lot of laundromats in the area and they provide a premium pick up service that makes it hard for others to compete.
- Reasons for selling:
-
Moving out of area
- Trading hours:
-
6am-10pm
- Employees:
- 10
- Years established:
- 2020
Other Information
- Support & training:
-
2 weeks
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
SBA Financing and small seller note
- Furniture / Fixtures value:
- $513,163 - included in the asking price
- Inventory / Stock value:
- $1,000 - included in the asking price
