Laundromat has commercial business accounts

Mountain View, CA
Santa Clara County

Commercial Laundry

Asking Price: Annual Revenue:
$400,000 $324,000

Services: Dry Cleaning & Laundry

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RE: Laundromat has commercial business accounts Broker: Antoinette Norris
License #: CA DRE# 020949932

Quick Facts

Asking Price: $400,000
Annual Revenue: $324,000
Net Profit: Not Disclosed
Cash Flow: $134,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 844756614
Broker Reference #: SV00087

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Business Overview:

Not your usual coin laundromat. This owner has This business does ongoing commercial laundry for university, doctors and other medical offices. The right buyer will grow accounts, do more social and online marketing. Owner is selling due to health and desire to retire.

This business is consolidating their two operations.  This will represent a savings of $192K each year in rent!  It is also now open for Smaller parties and long term Tent Rentals for Restaurants and Hospitals.

The laundromat has 48 coin machines, Wash and Fold service and Commercial Laundry. The business does Commercial Laundry for local hotels, well-known University (7 departments) and several Medical facilities. It is located off a major freeway and surrounded by rentals. Current owner does no marketing, sales or advertising. Selling Wash/Fold and Commercial to the local technology companies and employees is a void that needs to filled.

Rent is $4,100 per month with 3,200 square feet of space. This location is clean, and well maintained. Boiler is 5 years old. Business is run with 3 part-time employees and owner. This business can be Absentee or Semi-Absentee Run.

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Reason for Selling:

Owner Retiring

Additional Details:

  • The property is leased.
  • The owner is not 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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