Business For Sale

Echo Park Area Coin Laundry – Automated!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$850,000 $358,876

Services: Dry Cleaning & Laundry


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RE: Echo Park Area Coin Laundry – Automated! Broker: Ryan Clark

Quick Facts

Asking Price: $850,000
Annual Revenue: $358,876
Net Profit: Not Disclosed
Cash Flow: $183,695
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 4
BBN Listing #: 59944929
Broker Reference #: EcoWash

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Business Overview:

This semi-absentee operated Echo Park Area coin laundry boasts the latest and greatest in modern eco-friendly fully automated machines. They also provide convenient drop off wash and fold and dry cleaning service. The business has an onsite parking lot and excellent freeway access. It is ideally located to conveniently service several nearby communities as well as neighborhood residents. It is a popular go-to location for the area’s young and hip resident base.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This coinless facility operates out of a 1,400 square foot facility that leases for $4,155 per month including common area maintenance (CAM) on a lease until 6/2025 with two 5 year options (with 3.0% annual increases during the option periods). It boasts nearly 30 front loading machines, all operated with an automated card system. Approximately $400,000 was originally invested in the facility and equipment. 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, and new eco-friendly equipment, an automated card-driven operating system and additional customer focused provides it a unique advantage. New operators will likely want to simply maintain this operation ‘as-is’. In the near future, a large apartment development should be completed. While the complex will offer laundry options to residents on each floor, they will likely only have a limited number of units available – which should result in those customers with multiple loads simply doing their laundry at this facility. Regardless of where they choose to do laundry, they should see a significant boost in their fluff and fold and dry cleaning services.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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