Prime Location, 2 Profitable Laundromats w/ 35%+ Net Income Upside

Long Beach, CA (Los Angeles County)

Seller Financing Available
Prime Location, 2 Profitable Laundromats w/ 35%+ Net Income Upside
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Asking Price: $1,449,000

Cash Flow: $341,000

Gross Revenue: $859,000

EBITDA: N/A

FF&E: $0

Inventory: $3,000

Rent: $18,799 per Month

Established: 2019

Prime Location, 2 Profitable Laundromats w/ 35%+ Net Income Upside

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Business Description

A+ Location - Semi Absentee Ownership - Recession Proof - Value Add Op

- High Income Cash Flowing Laundromat.
- PRIME Location with an EXTRA LARGE Parking Lot. (Rare)
- Self Service Laundromat w/ trained employees.
- Semi Absentee Ownership (14 Hours/Week)
- Established and Stable Profit w/ Major Upside For New Operator
- Long Term & Strong Lease Secured
- Start generating cash immediately upon close of escrow.

Laundromat #1
FF&E:
1-Load Washer: 13
2-Load Washer: 12
3-Load Washer: 19
6-Load Washer: 8
8-Load Washer: 4
30lb Double Stack Dryer: 22
50lb Single Dryer: 8
Vending Machines: 6
Water Vending Dispenser: 1
Massage Chairs: 2 (Owned by Vendor)
ATM: (Owned by Vendor)
Coin Change Machines: 4 (Total Change Capacity: $6,300)
Bill to Bill Changer Machine: 1
Nik-O-Lok: 1
Large Screen T.V's: 7
Automatic Magnetic Door Locks
Remote View Surveillance Camera Setup

Laundromat #2
FF&E:
1-Load Washer: 13
2-Load Washer: 12
3-Load Washer: 7
5-Load Washer: 8
8-Load Washer: 3
30lb Double Stack Dryer: 22
Vending Machines: 7
Water Vending Dispenser: 1
Massage Chairs: 2 (Owned by Vendor)
ATM: (Owned by Vendor)
CA Lotto Vending Machine: 1
Toy Vending Machine: 1 (Owned by Vendor)
Crane Game Machine: 1 (Owned by Vendor)
Coin Change Machines: 3 (Total Change Capacity: $4,800)
Bill to Bill Changer Machine: 1
Nik-O-Lok: 1
Large Screen T.V's: 7
Automatic Magnetic Door Locks
Remote View Surveillance Camera Setup

Detailed Information

Location:
Long Beach, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
7,000
Lease Expiration:
5/31/2050
Employees:
2
Facilities:
Washer & Dryer Unit Breakdown: Refer to Description Box above for a Full Detailed Breakdown. Laundromat #1 & Laundromat #2 Laundromat #1: Washers: 56 Dryers: 30 x2 Total Vending Machines: 11 Coin Change Machines: 4 (Total Change Capacity: $6,300) Bill to Bill Changer: 1 Large Screen T.V's: 7 Automatic Door Locks Surveillance Camera Laundromat #2: Washers: 67 Dryers: 32 x2 Total Vending Machines: 12 Coin Change Machines: 3 (Total Change Capacity: $4,800) Bill to Bill Changer: 1 Large Screen T.V's: Automatic Door Locks Surveillance Camera
Competition:
- Prime location within a densely populated targeted demographic. - HUGE parking lot and Large marquee signage - Excellent store frontage and exposure
Growth & Expansion:
- Marketing (Seller currently does ZERO marketing leaving HUGE upside for a new operator to take advantage of the opportunity) - Wash & Fold Program (New operator can take advantage of one of the most lucrative business models in the industry. Take advantage of the new normal as more and more customers are asking for Wash & Fold. *Conservative Income Projection* additional $5,000/Mo - $7,000/Mo Profit w/ Wash & Fold program. - Establish Commercial Laundry Accounts w/ Local Businesses *Conservative Income Projection* additional $5,000/Mo Profit.
Financing:
Upon Request
Support & Training:
2 Weeks of Support & Training (Upon Buyer's Request)
Reason for Selling:
Seller is retiring.
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Business Listed By:
Chris Kim

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