Coin Laundry Turn Key (Duarte, Semi-Absentee)

Duarte, CA (Los Angeles County)

Top Loaders (SQ)
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Asking Price: $290,000

Cash Flow: $4,000

Gross Revenue: $166,400

EBITDA: $14,285

FF&E: $50,000

Inventory: $700

Rent: $3,350 per Month

Established: 2021

Coin Laundry Turn Key (Duarte, Semi-Absentee)

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Business Description

Well established facility, repeat and new customers. Room for growth.

Turn key operation plus room for growth. Potential to add additional washing machine or vending. Various machines remain at pre-pandemic prices giving room to increase. Clean and well maintained with lots of regulars. Featuring some newly installed used machines, all machines are coin operated. More than sufficient area for folding. Newly installed hot water holding tank and LED lighting.

Attached Documents


Detailed Information

Location:
Duarte, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
3/31/2028
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Laundromat comes with: 17ea Speed Queen TL, 8ea Dexter 30#(recently installed used machines on 2/15/2022), 6ea Huebesch 30#, 4ea SQ 40#, 2ea SQ 50#, 3ea SQ 60#, 16 SQ Stacked dryers, 2ea Coin changers, 2 Soap vending, 1ea Soda vending, 8ea Camera w/DVR, 1ea Ring Flood camera (interior), Hot water tank (new 2021)
Competition:
Currently there is 1 other local laundromat approx 1 miles from this location. 2 other locations have recently closed increasing business. New large apartment complex also recently opened. Large amount of apartment buildings in immediate area as well as multiple trailer parks. Easy access from many areas serving a large amount of local community. Neighboring business is very popular taco shop.
Growth & Expansion:
There is opportunity to increase vending either adding new machines and/or updating current machines. Also room to add at least one more 30# machine, possibly even a 50#. Ability to increase pricing on TL, 50#, 60#, Dryers and Vending.
Support & Training:
Will offer training during escrow.
Reason for Selling:
New Business
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Business Listed By:
Nathan McCall

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