Located at 2712 N Armistead Ave, Hampton, VA 23666, this unattended laundromat presents a great opportunity for an owner-operator or investor looking to add value. With a long-term lease in place and room for expansion, this business has strong potential for growth.

Key Details:

Gross Revenue:

• 2022: $56,891
• 2023: $71,592
• 2024 (YTD): $64,736

Prime location with a brand-new lease:

• 10-year lease with (2) 5-year options
• Affordable rent: $1,800/month + small CAM

Equipment & Space:

• 23 washers (various makes & conditions, mostly older, sold as-is)
• 24 dryers (including 21 Speed Queen 30# stacks/singles & 3 Dexter 80# units, all older, sold as-is)
• Large storage space—ideal for adding WDF (Wash-Dry-Fold) service
• Room for an office

Important Notes:

• Business is currently unattended
• Will not qualify for financing without a retool

This laundromat has a solid foundation and offers plenty of room for improvements to boost revenue.

Interested? Contact us today to learn more!”