Laundromat For Sale in Virginia

Profitable Coin-Op Laundromat

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Listing Number:

179506

Status:

Active

Business Type:

Personal Services - Laundromats

Location:

Other Virginia (Hampton Roads, VA)

Price:

$225,000

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Don't let this opportunity wash away, purchase a profitable coin-op laundry with 20+ years of reputable service.

The coin laundry business is utility intesive for the operator. The rising cost of utilities often pose a problem for owners by negatively skewing profit ratios. This coin-op is on well water, with a supplemenatary line to the city, thus dramatically reducing the burden of utilities on this particular coin-op. Location is another prime factor in determining the sucess of a coin-op. This industry typically perfoms best in densley populated areas of low-to-mid income with 50% or more renters. This location sits across the street from an emense rental development within the abovementioned income range making it a prime location for a coin-op, as evidenced by their decades of successful operation. Competition and service diversity are the next top tier factors in placing value on a coin-op. This location has an emense offering of services and amenities for their customers and is the only coin-op of its magnitude in the vicinity, the next closest locations being over a mile away. The coin laundry industry is traditionally a predictable and productive business with little fluctuation stemming from economics and trends. People always need clean clothes.

This coin-op has decades of porfitability to prove its worth in todays business market. When you step inside this diverse service oriented laundromat, you as a customer are greeted with a slew of services. Aside from the abundance of commercial grade washers and dryers, there are three oversized washer/dryers for rugs, comforters, and washables of the like. Need a snack while you wait? Step up to their service counter and grab a treat as well as any washing supplies you may have forgotten. Make the time sail by at the pool table, one of the choice arcade games or touch screen game machine, or just catch whatevers on the television.

Disclaimer: MergerNetwork.com has not independently verified any of the information in this listing and makes no warrany as to its accuracy or completeness.