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Established Laundromat In Charlottesville, Virginia For Sale

Charlottesville, Virginia, US
Asking Price:
$225,000 Furniture / Fixtures included
Sales Revenue:
$182,000
Cash Flow:
$58,000

Excellent opportunity to own a laundromat in the heart of historic Charlottesville, Virginia. The business is located in a popular neighborhood shopping center near the downtown area with many apartments/condos and residential communities in close proximity. The laundromat features state-of-the-art Huebsch equipment. There are 30 washers and 16 dryers on site.

Major area employers include: The University of Virginia/UVA Health System, Sentara Hospital, U.S. Dept of Defense, and numerous City/County Government offices all located within the service area for this business. The greater Charlottesville area has seen robust population growth over the past 10 years. The laundry is run mostly unattended with reasonable rent allowing for a new owner to step in and grow the business from day one. There is room to offer complementary services with the addition of wash 'n fold and/or pick up/delivery services. Don't miss out on the chance to own a well-known laundromat with a 20+ year established presence in the market. Contact us today to learn more!

Property Information

Real Estate:

Lease

Premises Details:

The laundromat occupies a 2000 sq ft space in a neighborhood shopping center. The space is leased for $3,135/month (including NNN). The current lease runs through October 2029 with an option to extend available.

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

The business is currently run on a mostly absentee basis so there is substantial growth potential with the addition of wash 'n fold and or pick up/delivery services. A new owner could also choose to be more hands on and active in the business which could have a positive impact on operations along with attracting new customers.

Competition / Market:

There is standard competition for the industry and market.

Reasons for selling:

Owner would like to pursue other interests.

Years established:
22

Other Information

Support & training:

Seller will provide necessary training and transitional support.

Furniture / Fixtures value:
$185,000 - included in the asking price
Contact Broker