Coin-op Laundry: Free Stand, Rev $338, Netting $120,636, Prc $550K, LA

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Business Description

Coin laundromat in Los Angeles. Independent building. Located at the corner of the busy local street. Surrounded by Hispanic and African-American neighbors. Good parking spaces. Easy run operated by employee. No fluff and fold. Here are more information:
• Gross turnover: $28,140/m
• Net income: $10,053/m
• All-in rent: $5,000, including NNN
• Size: 4000 sq.ft
• Lease: Must apply a new lease in buyer's favor. Note that the seller is landlord
• Emp: 2 PT paying for $2,800 a month
• Hours: 6 am to 10 pm 7 days a week
• FFE: 24 Electrolux dryers,
• 64 Washer combination: 17 Speed Queen (2 x 40 lb, 15 x Topload, 16 x 30 lb Wascomat, 31 Electrolux (2 x 80 lb, 8 x 45 lb, 6 x 60 lb)
• Established for 20 yrs
• Below is genaral expenses per month:
- Water/Sewer: $3,700/m
- Electric: $1,500/m
- Gas: $1,600/m
- Attendant/Janitor: $2,800/m
- Trash: $233
- Insurance: $200
- Nik O Lok: $20
- Maintenance w/Parts and Mechanic: $100
- Internet / Telephone. $100
- Vending Cost: $500
- Soup: $2.,000
- Aralm: $35
• Sign and resend the attached online NDA (Non-disclosure Agreement) for DBA and/or business address
• For your fast inquiries, email at beeinvest.kim@gmail.com or leave a message at (714) 345-6514
* NOTE: If you are a ready buyer and you are interested in learning more about this business or are serious about purchasing it, you are strongly encouraged to come to our office to get the financial details, loan procedures and business information that best fits your needs, due to the unique nature of the business itself.
Once you come to our office, you can get more listings for the business that you've always dreamed of, or other mainstream stores that might be the best fit for your goals.
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About the Business

Location:
Los Angeles, California
Year Established:
2012
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$5,000.00 Per Month
Facilities:
Vending (Snack, Soda), Video games, Water sale, Nik O Lok, Massage chair, All macines are in good working conditions and well mainteined.
Market Outlook/
Competition:
Yes
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About the Sale

Reason For Selling:
Retirement
Training/Support:
2 weeks after closing
Seller Financing:
N/A

Listing Info

ID:
1582693
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  NDA (Non-Disclosure Agreement) (790 KB)
Download


Asking Price:
$550,000

Gross Revenue:
$337,680
Cash Flow:
$120,636
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,500
not included in asking price

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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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.