Brand New Coin Laundry s/ Property (Winnetka)

Winnetka, CA (Los Angeles County)

Brand New Coin Laundry s/ Property (Winnetka)
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Asking Price: $5,900,000

Cash Flow: $480,000

Gross Revenue: $960,000

EBITDA: N/A

FF&E: $0

Inventory: N/A

Established: N/A

Brand New Coin Laundry s/ Property (Winnetka)

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Business Description

https://www.kibomrealtor.com/brand-new-coin-laundry-s-property-winnetka.html
1. PLEASE COPY AND PASTE THE ABOVE LINK AND SUBMIT NDA.
YOU WILL GET THE PROPERTY ADDRESS INSTANTLY.
2. PLEASE VISIT THE LOCATION FIRST.
3. ASK QUESTIONS BY EMAIL ONLY

Do not talk to the owner and employees.
The photo may not be an actual photo of the business
No Co-op brokering.

Please visit first as a customer and ask questions via email only.
I am in so many cases with so many clients and I found the best way to do my job efficiently and effectively is to communicate in one place, email only.
That way I have a record of our communication.
Once my phone was renewed and all my text was gone since then, I don’t like to communicate by text.
Since I have so many listings I don't have all the answers to your questions and I need time to find out from the seller's side.
But I will respond because all my clients are important.
Thank you and I hope you understand.

Lot : 17,800 Sf
Building : 6,000 Sf
Parking : 35
Year Built : 2022/ Jan
Washer & Dryer : 140
No Top Load machine

Open 2022/ Jan , Current monthly sale around $70,000, This winter expecting sales over $80,000 -$90,000

Loan structure.

Projection SBA Available $1,000,000 down.
?
Pro forma P&L

Gross sale $960,000 ( $80,000/ month) Gross sale $1,080,000 ( $90,000/ month)

Utilities 25 %
Wage $16x24x365 = 14 %
Payroll tax 2%
Property Tax 6 %
Extra 2-3 %

Total expenses Around 50 %

Net income $ 480,000 Net Income $540,000
?
?Do not talk to the owner and employees.
?If you talk to anybody at the store without arrangement, the seller will not sell to you.
?No Co-op brokering.
?The photo may not be an actual photo of the business.

Detailed Information

Location:
Winnetka, CA
Business Website:
http://www.kibomrealtor.com/brand-new-coin-laundry-s-property-winnetka.html
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KI BOM KIM

Business Listed By:
KI BOM KIM

Credent Realty

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Ad#:1974684

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