Profile: Coin Laundry Within Walking Distance To The Beach! Great Location And Lifestyle!
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Gary Bayus, Broker
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| Primary Phone: |
805-773-5447 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
9/30/09 |
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| Date Last Revised: |
9/30/09 |
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| BizBen Ad #: |
135586 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$274,500 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$135,000 |
| Annual Adjusted Net: |
$68,000 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Business Summary:
Today’s Coin Laundry Industry Is A Strong And Vibrant One. Even More Appealing Is The Fact That This Dependable Public Service Industry Continues To Grow And Thrive. The Demographic Trends Toward An Even Greater Apartment Dwelling Segment Of The Population Predict Continued Prosperity.
Enjoy This Cash Only Business That Is Well Established And A Profitable Way For A Part Time Working Owner To Make Money. Wash And Fold Service Is Available. This Is A Clean Facility With Friendly Attendants That Invites Repeat Business. All Equipment Is In Good Working Order And There Is Additional Income From Vending Machines.
The Coin Laundry Industry Is Approximately 60 Years Old And Is Primarily Composed Of Individual Owner/Operators. No Significant Franchises Are In Operation At This Time. Currently, There Are About 35,000 Coin Laundries In The United States, Generating Nearly 5 Billion In Gross Revenue Annually. Clean Clothes, Like Food And Shelter, Are Considered A Necessity Of Life And Coin Laundries Provide A Basic Health Service For Millions Of Americans. While Coin-Ops Are Found In Virtually All Neighborhoods Across The Country, Stores Seem To Perform Exceptionally Well In Predominately Renter-Occupied, Densely Populated Areas. These Areas Are Increasing In Number With Each Year Throughout The Country. The Intense Population Growth, Coupled With The Expansion Of Rental Housing, Has Increased The Customer Base For Coin Laundries.
More Information Requires And Signed And Faxed Non-Disclosure, We Will Send You One With Your Inquiry.
Facilities Or Equipment:
33 Total Washing Machines
18 Top Load Whirlpool Heavy-Duty Commercial Washers
9 Front Load Wascomat Junior W74 “ Double Loader”
5 Front Load Wascomat Senior W124
18 Total Dryers
15 Huebsch Originators Loadstar Iii
2 American Dryer Corporation Large
1 Huebsch Originator Large
Competition And Growth:
National And Regional Demographics Indicate Renters, The Primary Users Of Coin Laundries, Are The Fastest-Growing Segment In The Nation. As Of The 2000 U.S. Census, 31 Percent Of The Nation’s 116 Million Households Were Renter Occupied. The Number Of Coin Laundry Stores Built Over The Past 60 Years Has Grown Steadily As The Population Has Increased And Shifted To More Concentrated Areas. The End Result Has Been A Mature, Stabilized Industry With Predictable Rates Of Turnover And Values Of Existing Coin Laundries, Development Of New Turn-Key Facilities, And Equipment Expansion And Replacement.
Area:
The Central Coast Of California Is One Of The Most Sought After And Lowest Cost Places To Live By The Ocean, With An Explosive Investment Real Estate Growth. Supported By Tourism And Surrounded By Pristine Beaches, Wine Country And Healthily Living Makes This A Dream Destination. The Area Is Still Small Enough To Be Considered Rural With Huge Growth Potential. Rarely Do You Find The Perfect Convergence Of Location, Land, Climate, Heritage And Architecture.
The Central Coast Represents A Truly Unique Opportunity. A Chance To Live In A Place Of Exquisite Beauty, Yet Have Close Access To Both Northern And Southern California And All Activities One Could Imagine. In This Kind Of Environment With So Much To Do And Explore, People Thrive, Families Bond, And Dreams, Quite Naturally, Take Flight. Located At The Exact Halfway Point Between San Francisco And Los Angeles, Local Government Supports Small Businesses And Growth Potential.
This Area Is Slated As The Next Malibu Beach, And A Smart Investor Would Get In Now And Grow With The Wealth. Observed By Jay Leno And Brad Pitt (Local Residents) As Their Best Place To Buy Property On The Coast Of California.
The Central Coast Will Exceed Your Expectations, Expand Your Opportunities And, Just Possibly, Help Set Your Life On A Whole New Course. Buying A Business On The Central Coast Will Allow You To Immerse Yourself In The Elegant And Unique Style. Owning A Business Here Offers A Completely New And Unique Opportunity To Live In This Dramatic Coastal Setting. Here Life Centers Around Adventure, Growth, Wellness, And Strong Personal Connections.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Gary Bayus, Broker at 805-773-5447 |
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