Seller's Contact Information

  • RE:  Coin-Operated Laundry Since 1989 – Semi-Absentee
  • Contact:  Michael Preston
Listing Update!
Update: Coin-Operated Laundry Since 1989 – Semi-Absentee is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Dry Cleaning & Laundry Industry.

Business Overview:

This business is a longstanding and beloved neighborhood business. It has been an essential part of the local neighborhoods; North Hollywood, Studio City, and Toluca Lake for over 30 years. There are NO competing nearby laundromats, and the neighborhood demographics are ideal for both self service and drop off fluff and fold. The business is equipped with a mix of newer modern and older but solid equipment including a newly serviced boiler. It is located at the corner of 2 major streets with high visibility. The business enjoyed a thriving ongoing commercial laundry clientele of small to mid sized spas, and local beauty salons who are not served well by existing large laundry service providers. The current owner relocated out of the county during lockdown and has been unable to restart the fluff and fold business or tend to maintenance due to his interests in his other Ventura County businesses. Don’t let the financials fool you - this business is being offered at a rock bottom price and is an incredible opportunity to get into this absentee style business. Please reach out to learn more!

Property Features and Assets:

This Asset Sale business has a leased location of 1,500 square feet with a total monthly rental of $4,975. The seller is active in business with 3 PT employees. Hours of operation are 6am-10pm, seven days. Included in asking price are $800 in inventory and $78,450 in equipment and fixtures.

Reason for Selling:

Moved Out of Area & Other Business Interests.

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

Relevant Links:

Listing Update!

Update: Coin-Operated Laundry Since 1989 – Semi-Absentee is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Dry Cleaning & Laundry Industry. You may also be interested in signing up for Email Alerts for listings that match your search criteria.

Similar Active Listings That May Interest You:

Asking Price: $769,000

Self- and Full-Service Laundry: Out of State Owner

Williston, ND
Williams County

Strategically located in Williston, ND, which is a temporary home for over 100,000 laborers who migrate to the region for work in the agriculture, fields, and energy industries, and reside in temporary homes who need the access to do laundry. This 3,600 sq ft facility offers self-service laundry, shower facilities and drop-off services where employees will wash, dry and fold laundry for the customer. The owner lives out of state and only visits a few times a year. The business has 1 general manager along with 4-5 laundry techs. This spacious laundromat was established in 2012 and competition in the area is very low. The pay-per-load machines utilize a card service as opposed to cash and coin which is much more secure and safe, especially for the out of-state owner. Included in the purchase price is over $474,000 in hard assets. An SBA lender has pre-approved this deal structure. North Dakota is ranked 2nd, after Texas, as the highest oil producing state. Due to this fact, many oil companies will send swathes of contractors to this area and this business is noted as a preferred laundromat for their employees. Priced at $769,000, a 15% down payment of $115,350returns $108,294 in the first year after debt payments! Plus, the owner is offering a 10% promissory note and 6 months of training, as a sign of good faith. This activity has brought the business to a 41% profit margin. A new owner could boost revenue by offering starching and dry-cleaning services or by offering pick up services in the area and nearby towns.

Cash Flow $213,170
Revenue $519,267
$ Owner Financing Available

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