Coin Laundry with great potential to grow more Revenue.
- Listing Id: 7713
- Broker Name: Houmehr "Mike" Panoussi
- Category: Dry Cleaners
- Asking Price: $299,000.00
- EBITDA: $179,500.00
- Real Estate: $1,150,000.00
- Cash Flow: $250,000.00
- Inventory: $6,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $668,091.00
- FF&E: $150,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Los Angeles County
- State: CA
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Coin Laundry Business in very desirable location!!!Over 25 years in business! 2000 sqft of space with 4 year lease leftplus option. Rent is $4400 inc nnn. 39 Washers & 32 Dryers, open 7days from 6AM to 10PM.!This location is absentee run with 1 full time and 1 part timeemployee. Payroll is $2000 per month. !Half of the equipment is new and there is a $35k assumable loan onthe equipment with a payment of $650K/month. Wash & Foldservice is available as well as vending machine income. Laundrywashes range from $2.00 to $4.50 per load depending on size of theload. Drying is .25 for every 10 min. 2 new AC unites whereinstalled few months ago. Gross sales are about $17 to $19k permonth, new apartments complex is opening right across the streetand will have a huge impact in more sales for this location. Water $Electric bill average $2100/month, gas $900/month, Maintenancecompany $350/month. Mis Repairs and maintenance $500/month.Insurance about $600 annually. Cost of supplies about $1000/month. Nets about $7000 to $ 8000 /month.!Permits required are: City license, sellers permit, health permitand weight and measures license.For more information please call the office @ 661-816-1141
Financial Summary
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