Newsletter

Alexandria is developing a request for proposal (RFP) to potentially sell a tiny parcel of land at 2 King Street on the Alexandria waterfront.

The 1,825-square-foot property is between Waterfront Park and The Strand Street, and has been rented out as a parking lot for neighboring businesses since it was acquired in the 2014 land swap with the Old Dominion Boat Club.

On June 28 (Tuesday), Council unanimously declared it surplus property and authorized the city manager to issue an RFP for its sale and redevelopment. Once created, the RFP will go through a public review process.

The property holds eight parking spaces, seven of which were leased on a month-to-month basis. The city took in $15,000 per year renting out the spaces, until they were terminated on May 27 to coincide with the temporary closure of The Strand Street to vehicular traffic.

“Surface parking lots are not a desirable use in this area, and are non-conforming with the current zoning, since the intent for strand Street is to become pedestrian oriented,” Al Coleman, deputy director of the city’s Department of General Services, told Council. “The limited depth of the property makes it difficult to develop independently.”

In June 2019, the city received an unsolicited offer for the property, opening the possibility of its potential sale, Coleman said.

City staff will draft an RFP this summer and fall, and City Manager Jim Parajon will provide the final document to Council in the winter.

Via City of Alexandria

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Thinking about going into business in Alexandria?

It can sometimes be easier to buy an existing business, and the latest listings on BizBuySell show all kinds of companies in and around the city.

The website aggregates numerous business sale listings, and the names and locations are generally left out.

Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business.

Here are some that are currently listed:

  1. High Profit Restaurant & Bar in Prime Location MRB VA 1150 — “Large restaurant and bar for sale in Alexandria VA with outdoor seating. This restaurant is approximately 10,000 square feet with 2 large dining rooms, a private event room, 2 large full service bars, storage room as well as a massive kitchen including top of line line equipment and 3 walk in coolers/freezers. Seating for 268 people as well as room to expand to accommodate large crowds and private events. Menu can be kept the same or converted to fit most concepts. The current owner is hands on part time and profiting an average of $500,000 per year. This restaurant still has plenty of opportunity for growth and increased profits. Great opportunity to take over this highly profitable restaurant and take it to the next level. Must show proof of funds to be qualified.”
  2. Prime Location Full Service Restaurant & Bar MRB VA 1141 — “Full service restaurant & bar located in the heart of Alexandria. This restaurant is in a prime location on a main road surrounded by residential, retail and office buildings with high walking traffic. Highly sought after area in Alexandria. This large restaurant seats 250 people inside with outdoor seating as well. High end furniture & fixtures along with a full service bar surrounded by TVs. Large kitchen with top of the line equipment ready for any menu. This restaurant can be converted to fit most menus & concepts. Great opportunity for anyone looking to expand a current restaurant to the next level.”
  3. Dog Boutique Accessories and Food — “Incredible dog boutique store in charming and wealthy Old Town Alexandria. The business has been growing since inception in 2010.The high visibility location draws in hundreds of customers each week. This business does NOT sell or re-home dogs.”
  4. Former hair salon in Fairlington — “Formerly a hair salon by the name of Primary Colors, a hair salon that was in business for twenty years. Now the space is open, and is still built out to be a hair salon, but the space can also be altered to become a different business.”
  5. Deli with R.E. property — The owner is retiring after 30 years in business. The restaurant is open five days a week for breakfast and lunch.
  6. Well-established laundromat — “All Washer and Driers in Excellent condition. NO Coin! Card only! Owner stops by the store once a week. 50 washers, 52 Driers.”
  7. Profitable restaurant for sale — “Great location, great visibility, long lease term, plenty of parking spaces, in a busy shopping center with many other businesses that crowded with customers on the daily basic, this restaurant is built up from the cold cell condition with new kitchen equipment, freezer, cooler, HVAC….., that’s clean and presenting a long useful life for new owner to do business in years to come without any major upgrading. This restaurant can be converting to other cuisine given there is no other restaurant of that cuisine is currently operated within the shopping center.”
  8. Profitable High Volume Bakery & Cafe MRB VA 1107 — “By purchasing this Bakery, Café, and Catering Company that is for sale in a very busy shopping center in Fairfax County, Virginia and you will be ready for business your first day! This well-known operation produces $1.8 million from its multiple foodservice revenue streams. It is Fully Equipped and gives you the opportunity to serve up a full restaurant menu, special occasion cakes, sweet treat pastries, and baked goods, including gluten-free items, sugar-free treats, and food for allergy-sensitive patrons.”
  9. Dog waste removal company — “Currently have 500 active customers and growing quickly! Fully staffed and great reviews. Owner is looking to relocate and invest in a new venture.”
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D.C.-based real estate investment firm Willow Creek Partners has bought a West End 189-unit apartment complex.

Willow Creek Partners bought the property from Baltimore-based Continental Realty Corporation, the latter of which bought it for $23 million in 2011. The apartment complex was built in 1963, and includes one-, two- and three-bedroom designs and seven separate floor plans.

“Our team executed a great, value-add strategy at Ripley,” JM Schapiro, CEO of Continental Realty Corporation, said in a statement. “We repositioned the asset into a high-quality, yet affordable housing option within a growing submarket. Our team elevated many of property’s physical elements and improved the resident experience with modern property management tools and a customer-first approach. 101 North Ripley serves as another great example of CRC’s team adding value for both the resident and the investor.”

CRC renovated the property several years after buying it, and installed new windows and sliding patio doors, hallways and laundry rooms, and converted an outdoor pool into a 45-space residential parking lot.

Willow Creek owns 11 other apartment complexes spread across North Carolina, Colorado, Maryland and Virginia.

Via Google Maps

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(Updated at 1:45 p.m. on Jan. 5) The new owner of 628 King Street is shopping the property around, and wants it to remain two retail spaces.

Douglas Development now owns three of the four buildings at the intersection of King and Washington Streets. The D.C.-based commercial real estate firm owns the adjacent properties at 700 (Lululemon) and 701 King Street (the now-closed Le Pain Quotidien), as well as 610 King Street (Anthropologie), 614 King Street (H&M) and 615 King Street (the former Walgreens) and 700 King Street.

Douglas Development bought the property on Dec. 10, and representatives of the firm say there has been some interest from prospective tenants, although nothing definite. The building was previously owned by the family of Wellington Goddin, and was appraised for $6.2 million last January.

GAP Inc. has leased the three-level, 20,000 square-foot building at 628 King Street since 1986, where it has long been home to a Banana Republic and Gap Outlet store, which will permanently close on Jan. 24. Staff at both stores said Gap Outlet was underperforming at the space, with most business coming in on weekends.

Commercial real estate firm KLNB’s represented Douglas Development in the purchase of the building, and is managing its next steps.

The owners plan on splitting the property into two units, keeping the uses as retail and renting them out as soon as possible.

The firm says their 652 retail transactions this year is a 39% increase over 2020 and 15% over 2019, but that property values have stayed relatively flat over the last two years.

“Brick and mortar retail also remains extremely relevant regardless of what folks may say about it being dead, as evidenced by KLNB’s transaction volume,” KLNB President and Chief Operating Officer Marc Menick told ALXnow. “All this being said, transactions are well up over 2019 levels, but value is basically flat.  More deals, less value.”

The property, which has 158 square feet of frontage on King and S. Washington Streets, was originally developed as a 600-seat theatre in 1854, was converted to a Union hospital during the Civil War, changed hands through the decades and even burned down.

6 Comments

Ready to buy a restaurant or salon in Alexandria?

The latest listings on BizBuySell show all kinds of businesses for sale in and around Alexandria. Many are restaurants, which have been heavily impacted by the pandemic.

The website aggregates numerous business sale listings. The names and locations are generally left out, but there are exceptions.

Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business.

Here are some that are currently listed:

  1. Alexandria-Falls Church nail salon — “Established, nice nail salon/spa with good income available for sale in the Falls Church, Alexandria area. Good rent. Potential for growth if adding more nail techs. Nail services comprise 80% of the business, the rest is hair services. Highly visible from main road. Good reviews. Nice and well decorated. Owner can stay and work on a part time basis. Staff will stay if new owner want.”
  2. Ultra Modern dental practice in Del Ray — “Ultra-modern dental practice in the heart of a high income, recession proof area located in the vibrant DelRay area of Alexandria near Old Town Alexandria, Pentagon City, National Landing, Potomac Yard, Arlington, and Crystal City. The office is located on the ground level of a multi-family project with excellent visibility on Mount Vernon Avenue (daily traffic count of 16.000 cars) and abundant garage parking available to patients and staff at no charge in close proximity to the office.”
  3. Beautiful Modern Laundromat for Sale — “Beautiful modern laundromat in a great location! 21st century laundromat with card system, customized folding tables, modern design, with high-powered energy efficient machines. Location is about 4000 SF located near many current and upcoming apartment complexes. Long-term 10 tear lease with 5 year option. This place is fully card operated and can be easily managed from home with one visit a week.”
  4. Hair salon for sale — “Established over 32 years, 17 with current owner. Located in a major brand grocery anchored shopping center. Good demographics. Exclusive right in the shopping center for hair and nail operations but focus on hair services right now. Staff and seller will stay if new owner desires. Currently 5-day operation but can expand to 6 or 7 to increase revenue. Excellent opportunity for both owner operators and/or investors.”
  5. High-class Japanese restaurant with strong business — “The menu includes sushi, hibachi, and ramen. First generation owner since the business was founded, tons of the local customers and Japanese food fans from other places, the business can make $180k sales per month, lease can be extended indefinitely.”
  6. Well Established Dry Cleaning Business for Sale — “Dry Cleaners and sewing laundry for sale very safe and populated shopping center. Current owner planned to retire after 25 yrs of successful business. Customers and equipment’s well maintained.”
  7. Free standing auto repair — “Busy Five bay, free standing auto repair business located on major road in the City of Alexandria. Densely populated high income area. This shop stays busy with a healthy fleet business as well repeat and new customers. Priced at only $150,000.”
  8. Profitable fast-casual restaurant — “Great opportunity to own this fast casual restaurant in the heart of Alexandria. This restaurant is located in a busy shopping center along a heavy traffic road. The current owner of this restaurant is ABSENTEE and making approximately $140,000 a year. Menu can be converted to fit most concepts. Must see!”
  9. Riverview Festival restaurant — “Located right off a river; Increasingly richer demographics as luxurious condos are sprung up in a few blocks; Lease is solid and firm; Customers are turned away as the Restaurant has become the center of evening culture in town. Sales is way above 2019 level. Take your challenge and soar through as the opportunity allows a lot of rooms to grow. Established 30 years.”
  10. Specialty pizza in high-volume high-income area — “A neighborhood success centered around its high-quality stone oven with an array of alternative Mediterranean main courses, sandwiches and desserts, . The owner has created several of these locations in Northern Virginia and is ready to spin this one off to stand on its own while he focuses on bringing others to maturity.”
  11. Well-established deli for sale — “Located in a great neighborhood, among many loyal customers. Serving over 40 years. Turnkey operation. Doing quite well during the pandemic. Plenty of room to improve. Currently has no marketing and delivery service. Not serving beer and wine. Seller will train new owner for a reasonable time period.”
  12. Coin Laundry/Laundromats — “No Exception, Non-Disclosure must be signed in person meeting, No emailing signing. We can meet at anywhere in Fairfax county to sign NDA with appointment.”

via BizBuySell

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Ready to buy a pastry shop or salon in Alexandria?

The latest listings on BizBuySell show all kinds of businesses for sale in and around Alexandria. Many are restaurants, which have been heavily impacted by the pandemic.

The website aggregates numerous business sale listings. The names and locations are generally left out, but there are exceptions.

Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business.

Here are some that are currently listed:

  1. Dry Cleaner & Laundry close to Amazon’s new Headquarters — “! Current well equipped 5,000 s.f. facility (Grandfathered in the region, which normally limits new dry cleaners to 3,000 s.f. maximum). Enjoys high 11′ ceilings in the production & conveyor areas. Can easily increase revenue by adding route sales and/or company pickup stores or commercial locker locations. Business is very well known & highly respected in their market area.”
  2. Free standing auto repair — “Busy Five bay, free standing auto repair business located on major road in the City of Alexandria. Densely populated high income area. This shop stays busy with a healthy fleet business as well repeat and new customers. Priced at only $150,000.”
  3. Beautiful Modern Laundromat for Sale — “Beautiful modern laundromat in a great location! 21st century laundromat with card system, customized folding tables, modern design, with high-powered energy efficient machines. Location is about 4000 SF located near many current and upcoming apartment complexes. Long-term 10 tear lease with 5 year option. This place is fully card operated and can be easily managed from home with one visit a week.”
  4. Hair salon for sale — “Established over 32 years, 17 with current owner. Located in a major brand grocery anchored shopping center. Good demographics. Exclusive right in the shopping center for hair and nail operations but focus on hair services right now. Staff and seller will stay if new owner desires. Currently 5-day operation but can expand to 6 or 7 to increase revenue. Excellent opportunity for both owner operators and/or investors.”
  5. Beautiful Hair & Nail Spa for Sale/Price Reduced — “Great opportunity!!! Serious Inquiries only. Beautiful and well established Hair & Nail Spa for Sale in a very busy shopping center. Seller is retiring after many successful years in the business. Beautiful & Very efficiently designed. 6 years old Spa. Established, loyal customers. Reasonable rent & excellent location. 10 Hair stations, 5 Dryers, 3 Shampoo stations, 8 Manicure Tables, 8 Pedicure chairs, 3 Waxing rooms, 2 Facial Rooms, 1 Body scrub. There is plenty of room to expand. Room to grow by improving social media and other marketing and adding massage service.”
  6. Fairlington Centre, previously hair salon — “Formerly a hair salon by the name of Primary Colors, a hair salon that was in business for twenty years. Now the space is open, and is still built out to be a hair salon, but the space can also be altered to become a different business.”
  7. High-class Japanese restaurant with strong business — “The menu includes sushi, hibachi, and ramen. First generation owner since the business was founded, tons of the local customers and Japanese food fans from other places, the business can make $180k sales per month, lease can be extended indefinitely.”
  8. Specialty Cafe, Bakery, and Bavarian Pastries — “This 32-year old neighborhood old pastry shop and cafe is standing tall with rapidly rebounding sales. Because of its fiercely loyal customer base and with increasing economic optimism, the owners are confident that 2021 sales will easily exceed 2020 which was up 4% over 2019 through mid-March (before Covid took hold).”
  9. Profitable Fast Casual Restaurant Can Convert MRB VA 1026 — “Great opportunity to own this fast casual restaurant in the heart of Alexandria. This restaurant is located in a busy shopping center along a heavy traffic road. The current owner of this restaurant is ABSENTEE and making approximately $140,000 a year. Menu can be converted to fit most concepts. Must see!”
  10. Riverview Festival restaurant — “Located right off a river; Increasingly richer demographics as luxurious condos are sprung up in a few blocks; Lease is solid and firm; Customers are turned away as the Restaurant has become the center of evening culture in town. Sales is way above 2019 level. Take your challenge and soar through as the opportunity allows a lot of rooms to grow. Established 30 years.”
  11. Well Established Dry Cleaning Business for Sale — “Dry Cleaners and sewing laundry for sale very safe and populated shopping center. Current owner planned to retire after 25 yrs of successful business. Customers and equipment’s well maintained.”
  12. Profitable Sandwich Shop in Prime Location MRB VA 1013 — “This profitable turn key deli located in a prime location of Alexandria VA is for sale to any qualified buyer. Surrounded by retail and residential on a main road with heavy walking traffic. This restaurant has a very strong following and highly rated on google reviews. The restaurant was completely renovated in 2016 with all brand new furniture, fixtures & high end equipment. The current owner averages a $50,000 cash flow plus salary while working limited hours. Do to family circumstances, the owner needs to sell. We are now looking for a new owner/operator to bring this business to the next level.”
  13. Specialty pizza in high-volume high-income area — “A neighborhood success centered around its high-quality stone oven with an array of alternative Mediterranean main courses, sandwiches and desserts, . The owner has created several of these locations in Northern Virginia and is ready to spin this one off to stand on its own while he focuses on bringing others to maturity.”
  14. Coin Laundry/Laundromats — “No Exception, Non-Disclosure must be signed in person meeting, No emailing signing. We can meet at anywhere in Fairfax county to sign NDA with appointment.”
  15. Well-established deli for sale — “Located in a great neighborhood, among many loyal customers. Serving over 40 years. Turnkey operation. Doing quite well during the pandemic. Plenty of room to improve. Currently has no marketing and delivery service. Not serving beer and wine. Seller will train new owner for a reasonable time period.”

via BizBuySell

0 Comments

Ready to buy a pastry shop or salon in Alexandria?

The latest listings on BizBuySell show all kinds of businesses for sale in and around Alexandria. Many are restaurants, which have been heavily impacted by the pandemic.

The website aggregates numerous business sale listings. The names and locations are generally left out, but there are exceptions.

Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business.

Here are some that are currently listed:

  1. Dry Cleaner & Laundry close to Amazon’s new Headquarters — “! Current well equipped 5,000 s.f. facility (Grandfathered in the region, which normally limits new dry cleaners to 3,000 s.f. maximum). Enjoys high 11′ ceilings in the production & conveyor areas. Can easily increase revenue by adding route sales and/or company pickup stores or commercial locker locations. Business is very well known & highly respected in their market area.”
  2. Free standing auto repair — “Busy Five bay, free standing auto repair business located on major road in the City of Alexandria. Densely populated high income area. This shop stays busy with a healthy fleet business as well repeat and new customers. Priced at only $150,000.”
  3. Beautiful Modern Laundromat for Sale — “Beautiful modern laundromat in a great location! 21st century laundromat with card system, customized folding tables, modern design, with high-powered energy efficient machines. Location is about 4000 SF located near many current and upcoming apartment complexes. Long-term 10 tear lease with 5 year option. This place is fully card operated and can be easily managed from home with one visit a week.”
  4. Hair salon for sale — “Established over 32 years, 17 with current owner. Located in a major brand grocery anchored shopping center. Good demographics. Exclusive right in the shopping center for hair and nail operations but focus on hair services right now. Staff and seller will stay if new owner desires. Currently 5-day operation but can expand to 6 or 7 to increase revenue. Excellent opportunity for both owner operators and/or investors.”
  5. Beautiful Hair & Nail Spa for Sale/Price Reduced — “Great opportunity!!! Serious Inquiries only. Beautiful and well established Hair & Nail Spa for Sale in a very busy shopping center. Seller is retiring after many successful years in the business. Beautiful & Very efficiently designed. 6 years old Spa. Established, loyal customers. Reasonable rent & excellent location. 10 Hair stations, 5 Dryers, 3 Shampoo stations, 8 Manicure Tables, 8 Pedicure chairs, 3 Waxing rooms, 2 Facial Rooms, 1 Body scrub. There is plenty of room to expand. Room to grow by improving social media and other marketing and adding massage service.”
  6. Fairlington Centre, previously hair salon — “Formerly a hair salon by the name of Primary Colors, a hair salon that was in business for twenty years. Now the space is open, and is still built out to be a hair salon, but the space can also be altered to become a different business.”
  7. Specialty Cafe, Bakery, and Bavarian Pastries — “This 32-year old neighborhood old pastry shop and cafe is standing tall with rapidly rebounding sales. Because of its fiercely loyal customer base and with increasing economic optimism, the owners are confident that 2021 sales will easily exceed 2020 which was up 4% over 2019 through mid-March (before Covid took hold).”
  8. Profitable Fast Casual Restaurant Can Convert MRB VA 1026 — “Great opportunity to own this fast casual restaurant in the heart of Alexandria. This restaurant is located in a busy shopping center along a heavy traffic road. The current owner of this restaurant is ABSENTEE and making approximately $140,000 a year. Menu can be converted to fit most concepts. Must see!”
  9. Riverview Festival restaurant — “Located right off a river; Increasingly richer demographics as luxurious condos are sprung up in a few blocks; Lease is solid and firm; Customers are turned away as the Restaurant has become the center of evening culture in town. Sales is way above 2019 level. Take your challenge and soar through as the opportunity allows a lot of rooms to grow. Established 30 years.”
  10. Well Established Dry Cleaning Business for Sale — “Dry Cleaners and sewing laundry for sale very safe and populated shopping center. Current owner planned to retire after 25 yrs of successful business. Customers and equipment’s well maintained.”
  11. Profitable Sandwich Shop in Prime Location MRB VA 1013 — “This profitable turn key deli located in a prime location of Alexandria VA is for sale to any qualified buyer. Surrounded by retail and residential on a main road with heavy walking traffic. This restaurant has a very strong following and highly rated on google reviews. The restaurant was completely renovated in 2016 with all brand new furniture, fixtures & high end equipment. The current owner averages a $50,000 cash flow plus salary while working limited hours. Do to family circumstances, the owner needs to sell. We are now looking for a new owner/operator to bring this business to the next level.”
  12. Specialty pizza in high-volume high-income area — “A neighborhood success centered around its high-quality stone oven with an array of alternative Mediterranean main courses, sandwiches and desserts, . The owner has created several of these locations in Northern Virginia and is ready to spin this one off to stand on its own while he focuses on bringing others to maturity.”
  13. Coin Laundry/Laundromats — “No Exception, Non-Disclosure must be signed in person meeting, No emailing signing. We can meet at anywhere in Fairfax county to sign NDA with appointment.”
  14. Well-established deli for sale — “Located in a great neighborhood, among many loyal customers. Serving over 40 years. Turnkey operation. Doing quite well during the pandemic. Plenty of room to improve. Currently has no marketing and delivery service. Not serving beer and wine. Seller will train new owner for a reasonable time period.”
  15. Mexican Restaurant in High Traffic Shopping Center – Can Convert! — “Great opportunity to take over an established restaurant in a high traffic shopping center. There is unlimited upside potential with this nicely equipped kitchen and fully built out space. A new owner could keep it as the current Mexican/Latino restaurant format or convert it to a new concept. The restaurant has excellent online reviews and is very popular with locals in Lorton, Fort Belvior, Springfield, and Newington area. This opportunity is priced to sell and it won’t last long”
  16. Asian Restaurant and Sushi Bar for Sale — “Established Business for Sale. Owner is looking to retire from business. All equipment is owned and in good condition, except the dishwasher is leased. Asking price is negotiable, send your offers!”
  17. Two Optometry Practices — “Two established Optical/Optometry stores for sale. Both locations have street frontage visibility, are located in upscale parts of town, and have high sales and cash flow.”

via BizBuySell

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Morning Notes

Bowl America agrees to sale — “Shareholders of Bowl America Inc. voted Wednesday to approve its $44 million sale to Bowlero Corp., which in turn, plans to go public through its own marriage with a blank-check company that values the larger company at about $2.6 billion. Bowl America (NYSE: BWL-A), the Alexandria-based operator of 17 bowling centers in the Greater Washington, Baltimore, Richmond and Jacksonville, Florida, areas, said it expects its sale to close Monday.” [Washington Business Journal]

McAuliffe and DNC Chair visit Alexandria — “Great event this morning at Port City Brewing Company with Terry McAuliffe and DNC Chairman Jaime Harrison! It’s clear that if we want to see Virginia’s economy continue to rebound we need Democratic leadership to build on President Biden’s Build Back Better Plan.” [Facebook]

DASH launching new bus network, going fare-free Sept. 5 — “The network changes include the implementation of frequent, all-day service on major transit corridors across the city – in Old Town, Arlandria, Potomac Yard, Parkfairfax, the West End and the King Street corridor. These improvements mean buses will run every 15 minutes or less, throughout the day, seven days a week.” [Zebra]

Homegrown Restaurant Group honored by Beautification Commission — “CONGRATULATIONS to the winners of this year’s special Beautification Awards celebrating businesses that creatively embraced their outdoor environment during unprecedented times. These businesses represent the best of beautification by bringing the indoors outdoors in Alexandria during COVID-19. The combined presence of Tequila & Taco and Sweet Fire Donna’s has helped bring the Carlyle neighborhood to life this year.” [Facebook]

The Rainbow Rock Band is playing at the upcoming Sidewalk Sale — “We are SO EXCITED that Rainbow Rock Band will be back in Del Ray for a live outdoor show on Saturday at 10:30am outside the Mt. Vernon Rec Center… After a morning of fun, visit The Purple Goose and Bellies & Babies Consignment Boutique for back-to-school shopping at bargain prices — the Alexandria Sidewalk Sale in Del Ray takes place August 14-15!” [Facebook]

Today’s weather — “Partly cloudy skies (during the day). A stray shower or thunderstorm is possible. High 97F. Winds WSW at 5 to 10 mph… Partly to mostly cloudy skies with scattered thunderstorms before midnight. Low 74F. Winds SW at 5 to 10 mph. Chance of rain 60%.” [Weather.com]

New job: Entry level maintenance technician ($3,000 signing bonus) — “The Mechanic C is an entry level position with the Hertz Corporation and is the launching point for our maintenance team. In this role you will be performing preventative maintenance, with a focus on Oil and Tire Changes. Must be a quick learner, and have an assortment of tools, including oil filter wrenches, socket set, and a toolbox to keep them in.” [Indeed]

5 Comments

Ready to buy a pastry shop or salon in Alexandria?

The latest listings on BizBuySell show all kinds of businesses for sale in and around Alexandria. Many are restaurants, which have been heavily impacted by the pandemic.

The website aggregates numerous business sale listings. The names and locations are generally left out, but there are exceptions.

Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business.

Here are some that are currently listed:

  1. Dry Cleaner & Laundry close to Amazon’s new Headquarters — “! Current well equipped 5,000 s.f. facility (Grandfathered in the region, which normally limits new dry cleaners to 3,000 s.f. maximum). Enjoys high 11′ ceilings in the production & conveyor areas. Can easily increase revenue by adding route sales and/or company pickup stores or commercial locker locations. Business is very well known & highly respected in their market area.”
  2. Free standing auto repair — “Busy Five bay, free standing auto repair business located on major road in the City of Alexandria. Densely populated high income area. This shop stays busy with a healthy fleet business as well repeat and new customers. Priced at only $150,000.”
  3. Beautiful Modern Laundromat for Sale — “Beautiful modern laundromat in a great location! 21st century laundromat with card system, customized folding tables, modern design, with high-powered energy efficient machines. Location is about 4000 SF located near many current and upcoming apartment complexes. Long-term 10 tear lease with 5 year option. This place is fully card operated and can be easily managed from home with one visit a week.”
  4. Hair salon for sale — “Established over 32 years, 17 with current owner. Located in a major brand grocery anchored shopping center. Good demographics. Exclusive right in the shopping center for hair and nail operations but focus on hair services right now. Staff and seller will stay if new owner desires. Currently 5-day operation but can expand to 6 or 7 to increase revenue. Excellent opportunity for both owner operators and/or investors.”
  5. Beautiful Hair & Nail Spa for Sale/Price Reduced — “Great opportunity!!! Serious Inquiries only. Beautiful and well established Hair & Nail Spa for Sale in a very busy shopping center. Seller is retiring after many successful years in the business. Beautiful & Very efficiently designed. 6 years old Spa. Established, loyal customers. Reasonable rent & excellent location. 10 Hair stations, 5 Dryers, 3 Shampoo stations, 8 Manicure Tables, 8 Pedicure chairs, 3 Waxing rooms, 2 Facial Rooms, 1 Body scrub. There is plenty of room to expand. Room to grow by improving social media and other marketing and adding massage service.”
  6. Fairlington Centre, previously hair salon — “Formerly a hair salon by the name of Primary Colors, a hair salon that was in business for twenty years. Now the space is open, and is still built out to be a hair salon, but the space can also be altered to become a different business.”
  7. Specialty Cafe, Bakery, and Bavarian Pastries — “This 32-year old neighborhood old pastry shop and cafe is standing tall with rapidly rebounding sales. Because of its fiercely loyal customer base and with increasing economic optimism, the owners are confident that 2021 sales will easily exceed 2020 which was up 4% over 2019 through mid-March (before Covid took hold).”
  8. Profitable Fast Casual Restaurant Can Convert MRB VA 1026 — “Great opportunity to own this fast casual restaurant in the heart of Alexandria. This restaurant is located in a busy shopping center along a heavy traffic road. The current owner of this restaurant is ABSENTEE and making approximately $140,000 a year. Menu can be converted to fit most concepts. Must see!”
  9. Riverview Festival restaurant — “Located right off a river; Increasingly richer demographics as luxurious condos are sprung up in a few blocks; Lease is solid and firm; Customers are turned away as the Restaurant has become the center of evening culture in town. Sales is way above 2019 level. Take your challenge and soar through as the opportunity allows a lot of rooms to grow. Established 30 years.”
  10. Well Established Dry Cleaning Business for Sale — “Dry Cleaners and sewing laundry for sale very safe and populated shopping center. Current owner planned to retire after 25 yrs of successful business. Customers and equipment’s well maintained.”
  11. Profitable Sandwich Shop in Prime Location MRB VA 1013 — “This profitable turn key deli located in a prime location of Alexandria VA is for sale to any qualified buyer. Surrounded by retail and residential on a main road with heavy walking traffic. This restaurant has a very strong following and highly rated on google reviews. The restaurant was completely renovated in 2016 with all brand new furniture, fixtures & high end equipment. The current owner averages a $50,000 cash flow plus salary while working limited hours. Do to family circumstances, the owner needs to sell. We are now looking for a new owner/operator to bring this business to the next level.”
  12. Specialty pizza in high-volume high-income area — “A neighborhood success centered around its high-quality stone oven with an array of alternative Mediterranean main courses, sandwiches and desserts, . The owner has created several of these locations in Northern Virginia and is ready to spin this one off to stand on its own while he focuses on bringing others to maturity.”
  13. Coin Laundry/Laundromats — “No Exception, Non-Disclosure must be signed in person meeting, No emailing signing. We can meet at anywhere in Fairfax county to sign NDA with appointment.”
  14. Well-established deli for sale — “Located in a great neighborhood, among many loyal customers. Serving over 40 years. Turnkey operation. Doing quite well during the pandemic. Plenty of room to improve. Currently has no marketing and delivery service. Not serving beer and wine. Seller will train new owner for a reasonable time period.”
  15. Mexican Restaurant in High Traffic Shopping Center – Can Convert! — “Great opportunity to take over an established restaurant in a high traffic shopping center. There is unlimited upside potential with this nicely equipped kitchen and fully built out space. A new owner could keep it as the current Mexican/Latino restaurant format or convert it to a new concept. The restaurant has excellent online reviews and is very popular with locals in Lorton, Fort Belvior, Springfield, and Newington area. This opportunity is priced to sell and it won’t last long”
  16. Asian Restaurant and Sushi Bar for Sale — “Established Business for Sale. Owner is looking to retire from business. All equipment is owned and in good condition, except the dishwasher is leased. Asking price is negotiable, send your offers!”
  17. Two Optometry Practices — “Two established Optical/Optometry stores for sale. Both locations have street frontage visibility, are located in upscale parts of town, and have high sales and cash flow.”

via BizBuySell

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Shopper at 2020 Sidewalk Sale, via Visit Alexandria/Facebook

The city’s annual sidewalk sale is scheduled for August 14 and 15, and according to Visit Alexandria, the program is on track to be the largest one so far.

According to Visit Alexandria, over 70 local boutiques have signed up for the seasonal sale. The sale is located along several city sidewalks in Old Town and Del Ray, with a focus this year on the pedestrian-only blocks at 700-1100 King Street. The stores will be featured in outdoor exhibits with deeply discounted merchandise.

Activities are also planned along King Street and throughout Del Ray, including jazz music on the 1000 block of King Street on Saturday, from 11:30 a.m.-12:30 p.m. and 1:30-2:30 p.m. On Sunday, local singer-songwriter Dan Barry will perform from noon to 3 p.m.

“Explore local items ranging from fashion and jewelry to home decor, culinary goods and environmentally friendly products for your everyday needs,” Visit Alexandria said in the press release. “Check out new Sidewalk Sale participants, including Goldfinch, Harambee Books & Artworks, Kate & Lo (pop-up boutique), Lilly Pulitzer, Mason & Greens, Mint Collective and RocketFizz Alexandria.”

During the event, parking will be free at four of the city’s garages on Saturday and Sunday.

  • Courthouse Square Parking Garage – 111 S Pitt Street
  • Market Square Parking Garage- 108 N Fairfax Street
  • USP Parking Garage – 220 N Union Street
  • Thompson’s Alley Parking Garage – 10 Thompsons Alley

The event is a partnership between Visit Alexandria, the city, the Old Town Boutique District, the Old Town Business Association, Old Town North and the Del Ray Business Association.

Via Visit Alexandria/Facebook

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