Coin Laundry for Sale
Location: 1955 El Cajon Boulevard
San Diego, CA 92103
Category: Coin Operated Laundromat
This Laundromat has been priced for a quick sale. The price has been lowered to 180,000.00 and is going to be structured as an asset sale. We will not be providing financial information to buyers as the price includes the inventory of the store 'as is'. If you were to build your own store brand new, permits alone would be in excess of 175,000 for a location of this size. The price is structured to include the electrical, plumbing and all equipment in its current condition. Buyer must have cash reserves of at least 70,0000.00
This Coin Laundromat has been in business for approximately 20 years in the same location. The business park is close to many multi-family as well as single family homes and has a great set of clients, many of whom have been coming to this Laundromat for as long as it has been there. This location has incredible growth potential and opportunities for increased revenue.
The Size Of The Facility Is 2640 Square Feet.
INVENTORY OF STORE:
17 - Top Load Washers (GE)
09 - Top Load Washers (Speed Queen Brand New!)
17 - Front Load Double Washers (Wascomat)
08 - Front Load Triple Washers (Wascomat)
02 - Front Load Giant Washers (Wascomat)
38 - Clothes Dryers (Heubsch)
03 - Coin Changers (Standard)
PROPERTY INFORMATION: Rented
Lease: Lease Agreement
The Current Lease Has Been Extended For 11 Years With An End Date In 2016. Rent is approximately 6,100.00 / month. (4,000.00 lease and 2,100.00 CAM fees)
The total fixed operating costs per month are 11,000.00. This is inclusive of Rent, and all utilities.
Financing / Loan
Buyer with financing in place is preferred, but there is an option of an assumable loan if needed.
The loan is assumable through Alliance Laundry Systems. A 20% down payment to the loan principal is required to assume the loan. Buyer must have cash reserves of at least 70,0000.00.
This Business Is Located In A Strip Center That Houses Approximately 10 Other Business Including A 7-11, Subway, A Mexican Restaurant And Dry Cleaners Among The Tenants.
The Laundromat also includes a state of the art 4 camera surveillance system that is set up to be remotely monitored over the Internet. The local hard drive stores up to 2 weeks of camera history logs.