NOT DISCLOSED, California
| Asking Price |
$795,000 |
Year Established |
1962 |
|
| Annual Revenue |
$364,000 |
Reason for Selling |
Retire |
|
| Annual P/L |
$220,000 |
Attention |
William Park |
|
| Annual Cash Flow |
$220,000 |
Listing Number |
1018514 |
|
| # of Employees |
|
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
Built in 2008 by PWS, this coin laundry does not accept cards; it only takes cash. There are currently 3 employees doing all the work, and the owners are absentee; however, the Net Profit is adjusted as if they were running the business without any employees for valuation purposes.
The current owners spend about $70,000 in payroll, which was added back to their net profit. All equipment is up to date, and the business runs smoothly. The location is prime, with customers around the clock, and it is located across the street from the Sheriff's Station.
There's ample parking and easy access. 36 Washers and 39 Dryers, plus 1 Snack/Soda and 2 Soap Vending Machines.
Seller is motivated to sell. The sale is CONFIDENTIAL, so please do not disturb the employees typically working mornings and evenings.
OFFICE ID 5748 WP
Property Features and Assets:
Market Competition and Expansion:
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