Huge Laundry mart in Inglewood 4,500 sf with Water store Net $18,000

Inglewood, CA (Los Angeles County)

Huge Laundry mart in Inglewood 4,500 sf with Water store Net $18,000
Contact

Asking Price: $1,200,000

Cash Flow: $218,000

Gross Revenue: $708,000

EBITDA: N/A

FF&E: $500,000

Inventory: $5,000*

Rent: $12,964.82 per Month

Established: 2004

*not included in asking price.

Huge Laundry mart in Inglewood 4,500 sf with Water store Net $18,000

Save Print Share Valuation Report

Business Description

Best of the best Coin Laundry 4500sf $60,000 sales $20,000 Net semi absentee

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.
4500 sf of stand alone Bldg with huge parking lot.
Inside water store, big Kid's play room and post boxes for rent etc.,all necessary affiliated facilities, originally designed and built.
Bunch of vending machines.
Good office

Open hours : Mon-Fri 6:30-9 Sat-Sun 6-11
You can open longer to increase income definitely.

Current owner has good income from main job and not anxious to maximize income at this store.

Owner works only 1 hour a day 3 days a week for collecting money and filling up vending machines.
It's almost same as full employee-run.

Monthly average sales $59,000 + and Net income $18,000-20,000 plus.
Asking price $1,200,000 very firm.
Actually way lower than market value and big potential to increase sales/Net, for quick sale.

No experiences needed for buyer. Not at all.

Big potentials to increase sales and Net by extending open-hours simply.

Lease : 2.5 years of term with 3 Five Years of options ( 3 x 5) are remained.
Annual increase of rent is 3%.
Rent: $12,964.82 including NNN

SBA loan is available for subject business, that means as far as buyer's credit is reasonably fine, buyer's SBA loan with 30% down is guaranteed.

This may be the best of the best coin Laundry mart in LA and Orange county.

Viewing is available by appointment only in advance.
No walk-in is acceptable.

Getting loan and approval of lease assignment by landlord are contingencies .

Buyer needs to prove their financial qualification for seller to review the acceptability of SBA loan before acceptance of offer (BPA/EI), unless buyer can pay full in cash.

Subject business financials are perfect for SBA loan.
Seller may introduce good lender who knows well this busuness for quick approval, if buyer wants.

Please contact broker, John Lee, Magic Zone Realty who has exclusive right to sell.
magiczone39@gmail.com 310-617-3773
to make an appointment for showing or to get more updated information.

Detailed Information

Location:
Inglewood, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
5/31/2038
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Extremely well equipped with reasonable combination of machines.
Competition:
Almost none. All repeat customers.
Growth & Expansion:
Still big potentials are there
Financing:
When offer is accepted. Buyer can check all the figures thru observation with seller
Support & Training:
Seller will stay with buyer 10 days free for training and counselling. Buyer does not need any experience.
Reason for Selling:
To concentrate on his main job
Contact

Contact Form

(from currently available funds)
 
Send Message Loading

By clicking the button, you agree to BizBuySell’s  Terms of Use and Privacy Notice


John Lee

Business Listed By:
John Lee

Magic Zone Realty

Report an issue with this listing

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1651181

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Window Genie

Franchise Opportunity In CA
Cash Required: $50,000