Coin Laundry, Great Location, Loyal Customers
Not Disclosed, CA Los Angeles County
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- RE: Coin Laundry, Great Location, Loyal Customers
- Contact: William Park
- License #: 1995716
Quick Facts
| Asking Price: | $795,000 | |
| Annual Revenue: | $364,000 | |
| Net Profit: | $220,000 | |
| Cash Flow: | $220,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1962 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 1018514 | |
| Broker Reference #: | 5748 WP |
Business Overview:
Built in 2008 by PWS, this coin laundry does not accept cards; it only takes cash. There are currently 3 employees doing all the work, and the owners are absentee; however, the Net Profit is adjusted as if they were running the business without any employees for valuation purposes.
The current owners spend about $70,000 in payroll, which was added back to their net profit. All equipment is up to date, and the business runs smoothly. The location is prime, with customers around the clock, and it is located across the street from the Sheriff's Station.
There's ample parking and easy access. 36 Washers and 39 Dryers, plus 1 Snack/Soda and 2 Soap Vending Machines.
Seller is motivated to sell. The sale is CONFIDENTIAL, so please do not disturb the employees typically working mornings and evenings.
OFFICE ID 5748 WP
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Reason for Selling:
Retire. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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