Coin Laundry - Ideal Area to Thrive - Hi Density Apts!

Los Angeles County, CA

Coin Laundry - Ideal Area to Thrive - Hi Density Apts!
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Asking Price: $550,000

Cash Flow: $180,000

Gross Revenue: $470,000

EBITDA: N/A

FF&E: $400,000

Inventory: $3,000*

Rent: $5,100 per Month

Established: 1970

*not included in asking price.

Coin Laundry - Ideal Area to Thrive - Hi Density Apts!

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Business Description

Ideal Area to Thrive - Coin Laundry - Hi Density Apts!

Listing # - 5016 JR

Coin laundry with a great location on a major intersection with good visibility, easy in & out access and plenty of parking.

The business is surrounded by a densely populated area of many apartments with the perfect demographics for a coin laundry to flourish, very well maintained displaying pride of ownership.

The Laundromat offers several sources of income, including fluff & fold and pickup and delivery service for commercial accounts.

The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, snack and soda vending machines, 2 coin changers, an ATM machine, 2 large flat screen TV”s, and many game machines keeping the kids occupied.

Equipment 10 - Top loaders, 10 - 25 lbs, 8 - 40 lbs, 4 - 55 lbs, 2 - 75 lbs, 42 – dryers, 2 - large dryers.

One drink & one snack machine, two TV's are included in purchase price all other games and arcade machines are on commission.

Call me today to take advantage of this opportunity with great location, location, location.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,600
Lease Expiration:
2/28/2024
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Other Business Interests
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(from currently available funds)
 
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William Park

Business Listed By:
VR Business Brokers

VR Business Brokers

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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Ad#:1822523

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