Coin Laundry ASSET SALE

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Turn-key Coin Laundry ASSET SALE
Asking Price:
$70,000

Gross Revenue:
$100,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Just spent $30,000 for upgrades and some newer equipment and entirely turn-key. Currently average monthy gross +/-$8,500. Absentee and owner spends $1000-$1500 month on payroll that active owner can reduce.

High density area situated close to 100’s of homes, apartments and businesses that need off-site laundry services. This coin-op has great street visibility and is well known within the community. Large parking lot 16 SPACES.
The business frontage has great traffic flow and is adjacent to a busy neighborhood shopping center.

38 HD dryers $.25 for 3 minutes; 2 maxi eight load washers; 4 mega four load washers; 10 triple load washers; 12 double loader washers; 12 Top loaders. Large capacity washers and dryers that accommodate comforters and bedding

2 Coin Changers; Soap Vending; Soda and Snack Vending; sink station; folding station; fluff n’ fold service area; seating. 2 T.V. monitors; Wi-fi. New ATM machine; camera system; auto-lock on front door. Bathroom has coin-operated door for added revenue and security.

+/- 2,350 sq. ft. Current lease good until October 1, 2024 with two 5 yr. options. Base rent at $3,580 plus $848.15 NNN. No increase until October 2020.
CAN RE-TOOL MACHINES FOR CARD READER SYSTEM AND BOXES AVAILABLE THAT CAN BE EASILY INSTALLED. ALSO HAS TWO MACHINES TO DISPENSE CARDS NOT CURRENTLY BEING USED.

ALONG MAIN BOULEVARD AND NEAR PALM AVE.

LARGE MILITARY COMMUNITY THAT USES FLUFF N FOLD ONLY $.99 LB. AND CAN BE INCREASED WITH MARKETING.

GREAT FOR A NEW OWNER ENTRY LEVEL COIN
LAUNDRY

About the Business

Year Established:
2014
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
2,350
Lease Amount/Mo.:
$4,428.00
Lease Expiration:
10/1/2024
Growth & Expansion:
c
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About the Sale

Reason For Selling:
Owners have other businesses
Seller Financing:
5 year option available

Listing Info

ID:
1439601
Ad Detail Views:
956

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$
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Business Listed by

David Cutler

Pacific Coast Commercial

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U.S. Census Data for San Diego County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for San Diego County, CA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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