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Pasadena Self & Full Service Laundromat
Business Description
Established Pasadena Self & Full Service Laundromat - Prime Investment Opportunity
This well-positioned laundromat in Pasadena, CA offers an exceptional investment opportunity with modern equipment and strong fundamentals. Established in 2022, the business operates with all new Electrolux Compass Control washers and dryers featuring the advanced Spyder Wash Pay system, providing customers with state-of-the-art laundry technology.
Financial Performance:
- Annual Revenue: $312,156
- Cash Flow (SDE): $157,428
- Strong 50% cash flow margin demonstrates excellent profitability
- Inventory valued at $500
Operational Excellence:
- Absentee owner operation requiring minimal hands-on management
- Efficient staffing model with two part-time employees and cleaning person totaling only 20 hours weekly
- Self-service model provides consistent revenue with growth potential
- Full-service capabilities expand revenue opportunities
Location & Facility:
- 1,450 square feet in established Pasadena market
- Long-term lease security through January 1, 2041
- Monthly lease rate of $4,480
- Stable customer base in well-established neighborhood
- Mixed customer demographics support both self and full-service concepts
Growth Potential:
- Current owner notes significant room for revenue expansion
- Area economics strongly support full-service laundry concept
- Additional owner involvement could substantially increase current revenues
- Modern equipment attracts quality customers and reduces maintenance costs
The seller, who owns multiple laundry operations, is divesting due to other business interests. Post-sale support available as needed. Financing estimated at 30-40% down payment.
This turnkey operation combines modern equipment, stable cash flow, and significant growth potential in one of Los Angeles County's most desirable markets.
This well-positioned laundromat in Pasadena, CA offers an exceptional investment opportunity with modern equipment and strong fundamentals. Established in 2022, the business operates with all new Electrolux Compass Control washers and dryers featuring the advanced Spyder Wash Pay system, providing customers with state-of-the-art laundry technology.
Financial Performance:
- Annual Revenue: $312,156
- Cash Flow (SDE): $157,428
- Strong 50% cash flow margin demonstrates excellent profitability
- Inventory valued at $500
Operational Excellence:
- Absentee owner operation requiring minimal hands-on management
- Efficient staffing model with two part-time employees and cleaning person totaling only 20 hours weekly
- Self-service model provides consistent revenue with growth potential
- Full-service capabilities expand revenue opportunities
Location & Facility:
- 1,450 square feet in established Pasadena market
- Long-term lease security through January 1, 2041
- Monthly lease rate of $4,480
- Stable customer base in well-established neighborhood
- Mixed customer demographics support both self and full-service concepts
Growth Potential:
- Current owner notes significant room for revenue expansion
- Area economics strongly support full-service laundry concept
- Additional owner involvement could substantially increase current revenues
- Modern equipment attracts quality customers and reduces maintenance costs
The seller, who owns multiple laundry operations, is divesting due to other business interests. Post-sale support available as needed. Financing estimated at 30-40% down payment.
This turnkey operation combines modern equipment, stable cash flow, and significant growth potential in one of Los Angeles County's most desirable markets.
About the Business
- Years in Operation
- 3
- Employees
- 2 (2 Part-time)
Attended strategically for about 20 hours weekly - Facilities & Assets
- Beautifully remodeled Community based laundry, just 3 years ago. This is a small state of the art laundromat with a part time attendant doing fluff & fold service. The performance is excellent and there is room to expand the Fluff & Fold and add Pick up & Delivery.
Thelaundry is located near nice restaurants and offers a nice patio for comfort. - Market Outlook / Competition
- The area is well stabalized with a mix of customers. The area economics support the full service concept and a great amount of growth is available.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,450
- Rent
- $4,480.00 per month
- Lease Expiration
- 1/1/2041
About the Sale
- Seller Motivation
- Owner also owns 1 other laundry and various interests prompt the sale.
- Transition Support
- Available as needed. To be discussed.
- Financing Options
- Est 30 - 40% down
Listing Info
- ID
- 2432998
- Listing Views
- 114
Attached DocumentsAttachment Disclaimer
Listing sheet for 1794 WASHINGTON BLVD PASADENA CA.xlsx - Sheet1.pdf
Listing ID: 2432998 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 of Use. Learn how to avoid scams.
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