Coin Laundry (Reseda) $175,000
2020 Total Gross: $102,112
Expense: $52,250
NET: $49,862
FULLTIME EMPLOYEES: 1
PART TIME EMPLOYEES 1
LEASABLE SQFT: 2,500
SQFT(SRC): 2,500
YEAR ESTABLISHED: 2018
Lease: 2+ Years remaining. But can form a new lease with their preferable terms with the landlord as well.
Excellent opportunity to own a profitable laundromat in a high density residential area of Reseda. The laundromat sizes approximately 2500 sqft and situated in a small neighborhood plaza with ample parking spaces. It has forty (40) washers in total, including four (4) 40 lbs. and twenty four (24) 25-30 lbs, plus 20 dryers. One (1) on site full time employee who does fluff and fold service for over 30 years with low monthly salary, as well as one (1) part time contractor who visits periodically each month for general repair and maintenance. 1 soft drink vending machine and 1 snack machine, generates extra income. It is an easy operation for anyone to pick up and it provides stable stream of income especially during current challenging time with sanitation concerns.
Here is the gross monthly income information for 2020
JAN-$10,433
FEB -$9,448
MAR -$8,874
APR- $9,668
MAY- $10,180
JUNE- $8,222
JULY- $8,016
AUG- $7,764
SEP- $7,540
OCT- $7,666
NOV- $7,972
DEC- $6,329
Seller offers seller's financing to buyers.
Rent around $2575/month
No SBA Loan.
The seller is willing to accept an offer with a $100k down payment with 2-3 years amortization.
And Buyer will need to go through the property management company's qualifications, such as credit report, financial capability, etc.
the owner has only deposit the what is sufficient for paying rent, utilities and expenses to the bank account.
Rest of the income were not deposited. And she didn’t do any P&L. It is more like a good faith situation.
Machine count was in the listing description. Please see above. And also the business sale will includes all items in the shop, so there is not a breakdown of how much each machine costs. When the owner bought the business, it was also a bulk sale with one flat sales price without a breakdown.
Basically, if any prospective buyer wants to purchase those machines with brand new condition, it will cost WAY more than $175k. If client is familiar with the laundry business, they are go check out the machines in person and see how much their current values are.
The reason Owner wants to sell after only 3 years is because the owner's son is in China and all her family members. She feels alone and scared in United States since the virus. She wants to liquidate her money and goes back to China.
Do not talk to the owner and employees.
No Co-op brokering.
The photo may not be an actual photo of the business.
Expense: $52,250
NET: $49,862
FULLTIME EMPLOYEES: 1
PART TIME EMPLOYEES 1
LEASABLE SQFT: 2,500
SQFT(SRC): 2,500
YEAR ESTABLISHED: 2018
Lease: 2+ Years remaining. But can form a new lease with their preferable terms with the landlord as well.
Excellent opportunity to own a profitable laundromat in a high density residential area of Reseda. The laundromat sizes approximately 2500 sqft and situated in a small neighborhood plaza with ample parking spaces. It has forty (40) washers in total, including four (4) 40 lbs. and twenty four (24) 25-30 lbs, plus 20 dryers. One (1) on site full time employee who does fluff and fold service for over 30 years with low monthly salary, as well as one (1) part time contractor who visits periodically each month for general repair and maintenance. 1 soft drink vending machine and 1 snack machine, generates extra income. It is an easy operation for anyone to pick up and it provides stable stream of income especially during current challenging time with sanitation concerns.
Here is the gross monthly income information for 2020
JAN-$10,433
FEB -$9,448
MAR -$8,874
APR- $9,668
MAY- $10,180
JUNE- $8,222
JULY- $8,016
AUG- $7,764
SEP- $7,540
OCT- $7,666
NOV- $7,972
DEC- $6,329
Seller offers seller's financing to buyers.
Rent around $2575/month
No SBA Loan.
The seller is willing to accept an offer with a $100k down payment with 2-3 years amortization.
And Buyer will need to go through the property management company's qualifications, such as credit report, financial capability, etc.
the owner has only deposit the what is sufficient for paying rent, utilities and expenses to the bank account.
Rest of the income were not deposited. And she didn’t do any P&L. It is more like a good faith situation.
Machine count was in the listing description. Please see above. And also the business sale will includes all items in the shop, so there is not a breakdown of how much each machine costs. When the owner bought the business, it was also a bulk sale with one flat sales price without a breakdown.
Basically, if any prospective buyer wants to purchase those machines with brand new condition, it will cost WAY more than $175k. If client is familiar with the laundry business, they are go check out the machines in person and see how much their current values are.
The reason Owner wants to sell after only 3 years is because the owner's son is in China and all her family members. She feels alone and scared in United States since the virus. She wants to liquidate her money and goes back to China.
Do not talk to the owner and employees.
No Co-op brokering.
The photo may not be an actual photo of the business.