Coin Laundry (Hawthorne) $255,000

 Profit & Loss Statement 2019 yr to Nov 30, 2019
Income$114,620.00 
Sales$8,800.00Vending Soda, Snack, Deterg
Services$8,000.00Commercial Laundry Service
Other Income  
Total Income$131,420.00 
Expenses  
Accounting$300.00 
New Dryer finance$13,512.00 
Advertising  
Assets - Small   
Bank Charges  
Depreciation  
Electricity$8,250.00 
Gas$5,500.00 
Insurance$1,868.00 
Water$8,800.00 
Motor Vehicle$2,712.00 
Office Supplies$557.00 
Postage & Printing  
Rent$35,222.00 
Repairs & Maintenance$1,100.00 
Stationery$330.00 
Subscriptions$0.00 
Telephone$550.00 
Training / Seminars$0.00 
Wages & Oncosts$0.00 
Total Expenses$78,701.00 
Profit / (Loss)$52,719.00 

Over the past 70 years, the coin-op laundry industry has developed into one of the most reliable end efficient sources of revenue for many investors and entrepreneurs. The coin laundry business generates over five billion dollars in revenue annually, each laundry capable of generating over $300,000 per year. In addition to the financial benefits of coin-op laundries, there is also the social benefit of providing clean clothes, a basic health service, to millions of people. This laundromat is high volume and attracts a good amount of foot traffic. It is situated in a large strip center, has good parking, and strong visibility from the street, and it is also in a dense apartment community. Owner has spent over 75k in past year in new machines. Machine Info 9 x 13 lbs Washing Machines 5 x 18 lbs Washing Machines 5 x 20 lbs Washing Machines 5 x 35 lbs Washing Machines 5 x 40 lbs Washing Machines 1 x 60lbs Washing Machine- new 2019 2 x 45 lbs washing Machine- new 2019 9 x 2 30lbs Dryers- new 2018
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