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.
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 |