Coin-Operated Laundry since 1989 – Semi-Absentee

North Hollywood, CA
Los Angeles County

Asking Price: Annual Revenue:
$65,000 Not Disclosed

Services: Dry Cleaning & Laundry

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RE: Coin-Operated Laundry since 1989 – Semi-Absentee Broker: Michael Preston

Quick Facts

Asking Price: $65,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $78,450
Real Estate: Not Disclosed
Year Established: 1989
Employees: 3
BBN Listing #: 318162372
Broker Reference #: 130-22268

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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!

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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