Sunbelt Business Advisors | Buy A Business | Texas

Richmond: 804-673-8044 Email: broad@sunbeltrichmond.com

Coin Laundromat For Sale

Listing ID:
RICHMVA001-N1506

Description:

Thirty-five year history behind this business. The current owner has operated the business semi-absentee for 30 years of that time. It’s time to retire and let someone else enjoy the profits.

High profitability is a result of the business operating on well water and good rent structure. The profitable Fluff and Fold service is a significant part of the business income because of the neighborhood demographics.

There is further opportunity for an owner-operator to maximize profits by minimizing the 3 full-time staff hours.

The location is ideal for this service business which has become a landmark in the area. The lease is valid until 2024 and could be extended.

The owner is willing to allow buy to validate deposit collections during the diligence period.

Financials:

Industry: Personal Service | Retail
State: Virginia
City: Norfolk
Annual Revenue: $100,000
Asking Price: $145,000
Annual Cash Flow: $70,000
Listing Agent: Charles Broadwater, Jr.
Phone: 7575705292