Coin Laundromat - Hi Density Area - New Machines!

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Very Nice and Clean Coin Laundry Business for Sale! Easy to Own and Operate!
Asking Price:
$350,000

Gross Revenue:
$372,000
Cash Flow:
$96,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
$700,000
included in asking price

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Business Description

The Laundromat is located in a high densely populated area of Los Angeles with the machines only 6 years old.

The spacious open layout provides a comfortable washing experience for a day of washing with many granite folding areas for customer convenience, snack and soda vending machines, soap vending machines, two coin changers, an ATM machine, 3 large flat screen TV”s, and many game machines keeping the kids occupied.

The owners have decided to offer the Laundromat for sale early to peruse other plans, this is an excellent opportunity to purchase a Laundromat in great condition with new machines and good income with potential to do much more, new owner can still increase the income by adding other profit centers such water machine, fluff & fold, developing pickup and drop-off service to the hotels in the area, opening 24 hours, and developing some creative marketing the current owner hasn't done any advertising.

Equipment 14- Top loaders, 13- 25 lbs, 18- 40 lbs, 10- 55 lbs, 2- 75 lbs, 2- 90 lbs, 70- 30 lbs dryers, 5- 50 lbs dryers, 7- game and arcades machine 40% return, 3- Massage chairs 60% return, 2- Vending machines rental $205/month, 2- Vending machines Own, and 1-ATM machine 50 cents @ transaction.

With new equipment new owner will have many years of maintenance free operation 59 washers and 75 dryers, call me today this one will go quick.

About the Business

Location:
Los Angeles, California
Year Established:
2013
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
5,000
Rent:
$11,700.00 Per Month
Lease Expiration:
3/30/2027
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About the Sale

Reason For Selling:
Other Business Interests

Listing Info

ID:
1645837
Ad Detail Views:
0

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Business Listed by

William Park

VR Business Brokers
License# 01995716

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