Huge Laundry mart in Inglewood 4,500 sf with Water store Net $1,6000

Inglewood, CA (Los Angeles County)

Huge Laundry mart in Inglewood 4,500 sf with Water store Net $1,6000
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Asking Price: $975,000

Cash Flow: $192,000

Gross Revenue: $565,200


FF&E: $500,000

Inventory: $5,000*

Rent: $11,750 per Month

Established: 2004

*not included in asking price.

Huge Laundry mart in Inglewood 4,500 sf with Water store Net $1,6000

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Business Description

Very profitable best coin laundry with tremendous potebtial

Huge scale of Coin Laundry, the best location in Inglewood.
All equipments are extremely well maintained with Good combination of machines including giant loaders.

Located at clean safe area close to Fwy in Inglewood.
4500 sf of stand alone Bldg with huge parking lots.

Monthly revenue $50 000 and Net income $16,000 plus.
Water store, Kid's play room etc., all affiliated facilities are there.

Lease : 4 years of term with 3 Five years of options ( 3 x 5) are remained.
Annual increase of rent is 3% max or by CPI.

SBA loan is available for subject Business,that means as far as buyer's credit is reasonably fine, buyer can get SBA loan by 30% down.

This may be the best of the best coin Laundry mart in whole area within 10 miles.
Viewing is available by appointment in advance.

If buyer needed loan, getting loan and approval of lease assignment by landlord
are contingencies .

But if buyer needs big amount of loan, like SBA with only 30% down, they need to
provide credit report with tax returns for seller to consult with his bank who reviewed
already the qualification of Subject business, when they accept buyer's offer.

Please contact broker John Lee, Magic Zone Realty to have a meeting for the detail information including all the numbers. 310-617-3773 cell.

Detailed Information

Inglewood, CA
Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Extremely well equipped with reasonable combination of machines.
not really, mostly repeat customers.
Growth & Expansion:
Still big potentials are there
Support & Training:
Seller will stay with buyer 14 days free for training and counselling. Buyer does not need any experience.
Reason for Selling:
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(from currently available funds)
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John Lee

Business Listed By:
John Lee

Magic Zone Realty

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