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Well known Laundromat With New Equipment In Manassas For Sale

Prince William County, Virginia, US
Asking Price:
$249,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$243,000
Cash Flow:
$50,045

Excellent opportunity to own a well-known, modern laundromat situated just off I-66 in Manassas, Virginia. The business is in an ideal location for a laundromat with a high percentage of renters within a 1 mile radius. The business is in a center anchored by a number of nationally known retailers and other popular establishments. The space has a fresh and clean appearance with new, top-of-the-line Dexter washers. Other notable equipment includes near-new Maytag washers installed in 2011 & 2013. There have been numerous other upgrades in recent years including a state of the art video surveillance system, 2 new rooftop HVAC units (2016), snack and vending, televisions/entertainment, and other ancillary services.

There are attended wash and fold services along with commercial laundry services. The laundromat has 60 washers and dryers including large capacity equipment for double load and up to 8 load washing machines. A full list of all equipment on-site is available upon inquiry. Please don't hesitate as we don't expect this opportunity to last long!

Property Information

Real Estate:

Lease

Location:

The business is located in prominent shopping center with large national tenants and other major retail establishments.

Premises Details:

The space is approximately 2400 sq ft with a rent of $5,200/month (including NNN). The current lease runs through 2028.

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 notch equipment.

Reasons for selling:

Owner is retiring.

Employees:
3
Years established:
20

Other Information

Support & training:

Seller will offer necessary training and support.

Furniture / Fixtures value:
$150,000 - included in the asking price
Inventory / Stock value:
$1,000 - included in the asking price

Contact Horizon Business Brokers, LLC

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