Downtown Los Angeles Coin Laundry – Established

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$329,000 $468,140

Services: Dry Cleaning & Laundry


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RE: Downtown Los Angeles Coin Laundry – Established Broker: Ryan Clark

Quick Facts

Asking Price: $329,000
Annual Revenue: $468,140
Net Profit: $73,013
Cash Flow: $73,013
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 4
BBN Listing #: 18094929
Broker Reference #: CoinMat

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Business Overview:

This well-established downtown Los Angeles Area coin laundry with newer eco-friendly equipment boasts a spacious, high visibility corner main street location that does remarkable volume. The business has an onsite parking lot and excellent 110, 10 and Freeway access. It is located in a walk-oriented community that provides local neighborhood patrons.

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Property Features and Assets:

This business is housed in a spacious 700 square foot facility that leases for $9,500 per month plus $1,500 in common area maintenance (CAM) on a lease until 12/2029 with options to be determined. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale.

Market Competition and Expansion:

While competition exists, this convenient location with onsite parking, excellent freeway access, solid equipment, and customer focused amenities (e.g., ATM, vending and bill changing machines) provide it a competitive advantage over alternative options. New operators will likely want to evaluate various industry proven measures to improve this 20 year old laundromat. This may include the addition of services (e.g. fluff and fold, on-demand tie-ins, etc.), equipment or amenity upgrades and more!

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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