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New Postings - Laundromats - 4/20/19

  Today's New And Refreshed For Sale & Wanted Postings
For Sale: Coin Laundry And Check Cashing Service
Area: Ontario, San Bernardino County     Contact: Jason Tran at 424-888-0844
Asking Price: $450,000     Annual Adjusted Net: $140,000     Down Payment: Call
2 businesses in one - semi absentee owner operator - positive cash flow. Semi absentee owner operator. Coin laundry & check cashing business. Inside of a 2 unit shopping center. Located next to 7-eleven. 2200 sq ft | 19 parking spots shared with 7-eleven. Rent $5000/month plus NNN. Terms - 5yr plus.   Posting # 249174
For Sale: Coin Laundry And Check Cashing - Real Estate
Area: Ontario, San Bernardino County     Contact: Jason Tran at 424-888-0844
Asking Price: $2,800,000     Annual Adjusted Net: Call     Down Payment: $1,400,000
Coin laundry operator and owner. Own your coin laundry and check cashing business. Own your building. Own your retail center | your coin laundry & 7-eleven as your tenant.   Posting # 248676
For Sale: Coin Laundry - Well Established
Area: Los Angeles Area     Contact: Andy at 310-951-4556
Asking Price: $425,000     Annual Adjusted Net: $75,000     Down Payment: $150,000
Well established, clean coin laundry in business since 2004. This Laundry lacks competition, and that means a solid customer base to grow and retain. This laundry is for both the experienced owner and or a "Newbie!" OWC 40%. Rare 1 year lease with 3-5 year options-increases every 5 years @ $180.00   Posting # 252052


  Fast Track Postings From Motivated Sellers And Buyers

For Sale: Coin Laundry - Well Established
Area: San Diego Area     Contact: Gregory Blednyh at 415-640-8044 Cell
Asking Price: $600,000     Annual Adjusted Net: $120,000     Down Payment: Call
Well established nice clean Coin Laundry in San Diego. Recently added updated equipment.   Posting # 252480
For Sale: Coin Laundry With Fluff And Fold
Area: Santa Monica Area     Contact: Chuck Post at 619-227-5711
Asking Price: $620,000     Annual Adjusted Net: $128,800     Down Payment: $35% Estimated (217K)
Back on market! - the seller is moving soon and selling this well located (just re-equipped) gem in order to to move quickly to his home in northern ca. The equipment is nearly new - speed queen gold (top end). The coin laundry grosses well and the fluff & fold is very strong. Lots of growth here!   Posting # 242770
For Sale: Card Laundry Store - Favorable Long Term Lease
Area: Los Angeles     Contact: Cindy W. at 800-307-1234
Asking Price: $499,000     Annual Adjusted Net: Call     Down Payment: Call
Lucy's card store with all top of the line features which includes an energy efficient water heater system. This is a great location with favorable long-term lease.   Posting # 252426
For Sale: Coin Laundromat - Fully Remodeled
Area: San Jose, Santa Clara County     Contact: Cindy W. at 800-307-1234
Asking Price: $1,119,000     Annual Adjusted Net: Call     Down Payment: Call
Fully remodeled store with no detail overlooked. Reopened in July 2017 with customer base and revenue continuing to increase. Attendant area with roll up door. All equipment under warranty. Great long term lease with stated increases. Incredible demographics in high density area.   Posting # 252427
For Sale: Card Operated Laundromat
Area: North Hollywood, LA County     Contact: Gregory Blednyh at 415-640-8044
Asking Price: $439,000     Annual Adjusted Net: $90,000     Down Payment: $175,000
Very busy card operated laundry located on a busy street in North Hollywood. This is a clean well run store with a solid customer base and a good return on investment. Well built Wascomat washers and dryers. Good equipment mix and several revenue streams. Good lease with long term.   Posting # 244214

  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
Determining The Value Of A Laundry Business: What Factors Are Important
Steve Erlinger (laundry Broker & Consultant at 949-500-5893) discusses how to value a laundry. Issues that affect a value include: demographics, the lease, past financial performance of the laundromat, age and condition of the equipment, utility costs, competition and other factors all play a role.

Buying A Laundry: Coin Operated Laundromat Or Card Operated Laundromat?
More and more we see "Coinless Laundries". Anyone in the business or entering the business will face the age old question; Coin or Card? Well, perhaps it's not an age old question, but it is a question worth considering. Steve Erlinger (Laundry Broker & Consultant at 949-500-5893) explains.

FREE Live San Diego Workshop - How To Buy A Coin Or Card Laundry - 4/27
Chuck Post, a coin laundry consultant and specialty broker offers this upcoming San Diego FREE seminar - How To Buy A Laundry Business on Saturday April 27th at 11AM (PST). Contact Chuck Post at 619-227-5711 or Chris Mason at 949-878-2755 for more information and to RSVP for this upcoming workshop.

FREE Live Laundry Seminars For Buyers: See Our Upcoming Schedule Of Seminars
Looking to buy or start up a card or coin laundromat? PWS Laundry is presenting their schedule of upcoming Seminars for laundry buyers & entrepreneurs. These informative live Seminars will cover an overview of the laundry industry, selecting the right location, an overview of leases, Q&A, plus more.

FREE Online Webinar This Week: For Buyers - Buying A Card Or Coin Laundry
Chuck Post hosts this live FREE webinar on Buying A CA Laundry. Sat 3/30 at 9:30AM (PST) Have your questions ready for an open and honest discussion about both the pros & cons of the laundry business. Phone 619-227-5711 for more information & to RSVP today.

Laundromats: Are They Good Investments For Business Buyers? We Discuss This.
Are laundries good investments for buyers? Chuck Post, (at 619-227-5711 - California laundry consultant, due diligence services, and laundry buyer representation) discusses this topic with other advisors & brokers in this BizBen Discussion about laundry investments and if they are good investments.

What Critical Factors Contribute To Coin & Card Laundry Business Valuations?
We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.

Laundry Broker Reports On The Latest Trends From The Laundromat Industry
Steve Erlinger, (laundry broker specialist/consultant 949-500-5893) reports the latest laundry industry trade show & what's new in the coin and card laundry industry. He discusses what various manufacturers are doing and why laundry distributors can be important ally when buying a laundry business.

See All News, Tips And Events


  Helpful Resources To Assist In Selling And Buying California Businesses
Chuck Post: Laundry Buyer Representation, Consulting, Due Diligence
Chuck Post has 32 years experience in the laundry industry, specializing in assisting laundry buyers (and entrepreneurs) with buying or starting up, building, re-tooling, laundries throughout California. Laundry buyer representation, consulting, due-diligence, lease negotiations, laundry valuations. 619-227-5711

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278. 866-270-6278

Steve Erlinger: Laundry Broker, Consultant - Orange/Riverside Counties
I specialize in the laundry industry (Broker/Consultant at 949-500-5893) - Riverside, Orange Counties. I assist buyers navigate the many facets of finding, evaluating, and operating a laundry business. I also help current laundry owners find additional stores, sell, evaluate an existing laundromat. 949-500-5893

Brad Steinberg, Broker - Laundromat Specialists
PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department. 800-307-1234

Mike Hurrell, Broker: Coin & Card Laundry Specialist Brokerage
Providencia Properties Inc in association with Golden State Laundry Systems is a full service Coin Laundry Real Estate Broker. At GSLS you will receive personalized attention from our professional staff of coin laundry experts. To sell or buy a Southern CA laundromat call Mike at 310-223-2240 X209. 800-465-8300

Larry Larsen, Broker, Laundry Specialist - Orange, LA Counties
I have over forty years of experience in the sales, ownership, management, and construction of coin laundries. He is a licensed broker active in the sale of coin laundries, a licensed insurance agent specializing in coin laundry insurance. 714-630-9274

Joe Sandbank, Esq. - Legal Services
I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process. 916-672-8018

Ranvir S. Sandhu, Esq. - Legal Services For Buyers And Sellers
I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements. 510-516-2889



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