24-Hr Coin-Op Laundromat: Gross $451K, Netting $125K, at $550K

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Business Description

24-hour coin laundromat in Los Angeles. It's Turn-Key. Absentee owner profits. 11 lease in place. Monthly rent is $9,895, including NNN / CAM, which is increased by 3% per year. $2,896 in gas. Established for 5 years. Monthly utility costs streamlined with an average of $6,089 in water and $2,896 in gas. 3 part-time jannators employeed. Fine parking available in front. To see this facilities, send your inquiry at beeinvest.kim@gmail.com or stop by our office at 5730 Beach Blvd. #200, Buena Park, CA 90621

About the Business

Location:
Los Angeles, California
Year Established:
2014
Number of Employees:
3 PT
Real Estate:
Leased
Building Sq. Ft.:
3,200
Rent:
$9,895.00 Per Month
Facilities:
Washers: 12 x 25 lb, 14 x 40 lb, 5 x 60 lb, 2 x 75 lb. 7 x Top Load
Dyrers: 30 stack dryers. 3 vending machines: Soap. cookie and beverage. Water machine.
Market Outlook/
Competition:
Yes.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks after closing escrow
Seller Financing:
Not available

Listing Info

ID:
1651463
Ad Detail Views:
0
Asking Price:
$550,000

Gross Revenue:
$450,804
Cash Flow:
$121,464
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

Kevin Kim

Bee Realty Group
License# 01922126

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