This well-established coin laundromat is located in a densely populated residential neighborhood in Los Angeles, providing a steady and consistent customer base. The business operates in a free-standing building with convenient on-site parking for up to 11 vehicles, making it easily accessible for neighborhood residents.

The laundromat is equipped with 44 Speed Queen washers and 40 Huebsch dryers, offering a wide range of machine sizes to accommodate different customer needs. Additional equipment includes vending machines and folding areas, providing customers with a convenient and efficient laundry experience.

The business operates approximately 19 hours per day, seven days a week, serving a large base of repeat neighborhood customers. The laundromat currently generates approximately $400,000 in annual gross revenue and has been operating with a fully staffed system, allowing for minimal owner involvement. This makes the business suitable for either an owner-operator or an investor seeking a semi-absentee operation.

Located in a high-density residential area with many apartment buildings nearby, the laundromat benefits from a strong local customer base. Coin laundry businesses continue to be an essential service in urban communities where many residents do not have in-unit laundry facilities.

There are also opportunities for a new owner to further increase revenue. Potential growth opportunities include adding wash-and-fold services, introducing pickup and delivery laundry services, expanding vending machine offerings, and implementing additional marketing or promotional programs.

The owner relocated to Las Vegas two years ago and currently visits the store about once a month while the business operates with staff in place. As the owner’s family continues to grow, he is now looking to focus on business opportunities closer to home.

This is an excellent opportunity to acquire an established laundromat with steady revenue in a strong residential location.