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New Postings - Laundromats - 6/23/19

  Today's New And Refreshed For Sale & Wanted Postings
For Sale: Laundromat - Well Maintained, High Volume Absentee
Area: Van Nuys, Valley Area, LA Area     Contact: Chad (Owner/Seller) at 818-822-6272
Asking Price: $1,050,000     Annual Adjusted Net: $195,000     Down Payment: $475,000
Absentee run. Five stars - Very Clean and well maintained Laundromat for sale in the Valley area. High volume store. Well Established. Store was newly remolded and had new washers with card system installed. For sale by owner. No brokers! For sale by OWNER.   Posting # 187188
Wanted: Pizza Delivery, Restaurant, Coffee Shop
Area: SF Bay Area     Contact: Gritty (Business Buyer) at 415-850-8879
I am looking to purchase a pizza delivery, restaurant, coffee shop in the San Francisco Bay Area - Alameda, San Francisco, Marin, San Mateo County areas.   Posting # 253962


  Fast Track Postings From Motivated Sellers And Buyers

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
For Sale: Coin Laundry Express Laundry Center
Area: Bell, Los Angeles County     Contact: Jason McAninch at 562-236-6819 Cell
Asking Price: Call/Email/Text     Annual Adjusted Net: Call/Email/Text     Down Payment: $210,000
Excellent Investment Opportunity! Completely remodeled free standing laundry by CGW - 2400 sq.ft.- Designed for maximum volume - Highly Efficient - Long Term Lease - All new equipment energy efficient equipment. Call for details.   Posting # 252612
For Sale: Full Service Coin Laundry
Area: West Los Angeles     Contact: Chuck Post or Chris at 619-227-5711
Asking Price: $620,000     Annual Adjusted Net: $120,000     Down Payment: $35%
Pending - this well located laundry with fluff & fold service has been mostly re-equipped with state of the art equipment; washers and dryers, both. The coin laundry grosses well and the fluff & fold is very strong but under promoted. There is lots of growth possible here!   Posting # 242770

  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
Laundry Broker Explains Laundry Leases: 4 Big Issues For Buyers And Sellers
Chuck Post (Laundry Buyer Rep, Consultant, Due Diligence) discusses what laundry buyers and sellers should consider when reviewing and considering a laundromat lease. A must read for potential laundry buyers and owner/sellers of card and coin operated laundromats. Reach Chuck at 619-227-5711.

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.

Laundromat Business Valuations: Could Buyers Of Laundries Be Overpaying?
Chuck Post (laundry buyer rep, consultant, due-diligence expert) discusses the factors of appraising laundries. Why such high purchase prices is baffling - many times the value is so misunderstood that it results in laundry buyers over-paying for a laundromat. Reach Chuck direct at 619-227-5711.

Laundry Expert Reviews: The Laundry Lease And Its Effect On The Valuation
Read why longer leases increase the value of a card or coin laundromat when buying or selling a laundry. Chuck Post (Laundry Broker, Consultant at 619-227-5711) expands on the topic of lease structures on the purchase or selling of a laundromat. Laundry sellers and buyers will want to read this.

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 Online Webinar This Week: For Buyers - How To Buy & Value Laundromats
Chuck Post hosts this live FREE online webinar on How To Buy & Value A California Laundromat. Webinars are scheduled every week! 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.

Interview: With Chuck Post On How To Buy A Laundry Business Successfully
Chuck Post (and his Associate Chris Mason) a California laundry consultant, due diligence specialist, buyer representative for laundry buyers shares his thoughts with Peter Siegel, MBA on his weekly BizBen Vlog & Podcast show. Chuck and Chris cover all related topics on buying a California laundry.

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.

See All News, Tips And Events


  Helpful Resources To Assist In Selling And Buying California Businesses
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

Steve Erlinger: Laundry Broker, Consultant - Southern California
I specialize in the laundry industry broker and consultant in Southern California. 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

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

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

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

Elizabeth McGovern: Escrow Services - SF Bay Area
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645. 415-735-3645



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