Coin-Operated Laundromat

Business Overview:

Well established coin-operated laundromat with solid and reliable cash flow. Excellent opportunity for entrepreneur who desires to enter into laundromat business or existing laundromat owner seeking to expand. Seller says, revenue has increased year-over-year and with a new owner who can manage day-to-day operations and has a handyman fixer-upper skill set, revenue should soar. 

A family member's death has to force the sale, as the seller moving out of state. Estimated gross sales of $290,000 annually with a net revenue of approximately $74,000. Proof of funds and non-disclosure agreement required prior to releasing confidential information. For a quick response to your inquiry, please contact Ron Smith (RE# S.0013503.LLC; CA DRE 00841000; Business Broker Permit# BBP.0000462) through reply to this ad button.

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Property Features and Assets:

This is a leased location of 3,000 square feet with a Total monthly rent of $4,875. Lease ends 4/2032 with One and 10-year options. Seller is active with 2 FT employees. Hours of operation are 6:30am – 10pm Sunday to Saturday. $750 in inventory and $200,000 in FF&E included in the asking Price. $50,000 made in leasehold improvements. Other Assets include vending machines and ATM machine are owned by the seller and is included in the sale.

Reason for Selling:

Family member death / Moving out of state as soon as possible.

Additional Details:

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