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

Asking Price: $1,200,000

Cash Flow: $218,000

Gross Revenue: $708,000


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

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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. 310-617-3773
to make an appointment for showing or to get more updated information.

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.
Almost none. All repeat customers.
Growth & Expansion:
Still big potentials are there
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

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John Lee

Business Listed By:
John Lee

Magic Zone Realty

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