Business Summary:
Newly Renovated Laundromat
2201 Portlock Road, Chesapeake, VA
Seller Financing Available
Amazing Demographics in Immediate Area!
Located between an apartment complex and a trailer park, this newly renovated and opened laundromat presents an exceptional cash business opportunity for an owner operator. The business is situated in an attractive small strip center with an end cap location directly adjacent to an intersection traffic light with highly visible and professional roadside signage.
The Laundromat has 42 machines (many are new) in its 2000 square foot leased space. A 10 year lease is in place.
With the closest competition over 2 miles away, the business offers a superior opportunity for maximizing revenues with not only the coin operated machines, but also with laundry service and dry cleaning outsourcing for the clientele.
In addition, the owners have installed a comprehensive web camera system that enables the owner to view the wash from anywhere via the internet with 60 day dvr.
This turn-key business has no inventory, no receivables, and is virtually recession proof. All cash business is currently being sold by an absentee owner. The owner is willing to finance a portion the sale to qualified buyers.
Purchase Price: $110,000
Gross Revenues Projected: $189,007
Cash Flow Projected: $ 91,325
FF&E: $84,250 (included in asking price)
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