Business Summary:
New Shopping Center Laundromat
1114 London Boulevard, Portsmouth, VA
Seller Financing Available
Store is currently Under Construction
Very Good Demographics in Immediate Area!
Located in a busy shopping center on a 26,000 traffic count artery in Portsmouth, Virginia. The laundromat is being completely remodeled and will be ready to open soon !!!. This is an exceptional cash business opportunity for an owner operator. The business is situated in a strip center anchored by a large State of Virginia ABC store with a new emergency 24 hour medical facility directly across the street.
The Laundromat has 39 machines (ALL NEW) in its 1400 square foot leased space. A 10 year lease is in place with 2 – 5 year options. 5 year Factory Warranty and factory financing are available.
With the closest competition over 2 miles away, the business offers a superior opportunity for maximizing revenues with drop-off laundry service and dry cleaning outsourcing can be made available, or it can operate unattended.
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. The owner is willing to finance a portion of the sale to qualified buyers.
Purchase Price: $190,000
Gross Revenues Projected: $259,181
Cash Flow Projected: $ 155,447
FF&E: $107,450 (included in asking price)
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