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Health & Personal Care

Established Laundromat And Pickup/Delivery Laundry Business

Chesapeake, VA, USA
Listed 82 days ago
Established 2020

Well-established laundromat and laundry pickup/delivery business located in a central Chesapeake location with a strong, long-term lease. The business features state-of-the-art, newer equipment that remains under warranty, a nicely built-out facility, several branded delivery vans, and an established pickup and delivery operation. Revenue is approximately split 50/50 between traditional laundromat services and pickup/delivery services, providing multiple revenue streams and significant opportunity for continued growth. The business is semi-absentee operated with an experienced manager and a strong team already in place. A simple, well-run business with modern equipment, an established customer base, and upside to grow both the laundromat and pickup/delivery sides of the operation.

Location

Located in good area for Laundromats, good anchor, and centrally located for the pickup service.

Employees

10

Lease Terms

Aug 2031

Real Estate

Lease

Trading Hours

6am-10pm

Leasehold Rent

$67,668 per annum

Management Type

This business is owner operated.

Owner Financing

Owner financing is available. Please contact the seller for more information.

Support & Training

2 weeks

Expansion Potential

Additional advertising for the laundromat in the local area, grow residential and commercial pick up accounts.

Competition / Market

There is not a lot of laundromats in the area and they provide a premium pick up service that makes it hard for others to compete.

Inventory / Stock Value

$1,000 - included in the asking price

Reason for Selling

Moving out of area

Financials

Asking Price
$1.3M
RevenueMost Recent Year
$891K
Earnings (SDE)Last Reported
$220K
Assets ValueIncluded in Asking Price
$513K
Seller Financing
Not available

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