Chuck Post's Business Postings
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Pasadena, California
PASADENA LAUNDRY FOR SALE
$ 689,000
CF : $ 11,432
Welcome to an enticing investment opportunity in the heart of Pasadena, California. This lucrative coin laundry and laundromat business boasts an excellent location on a heavily traveled street, ensuring steady customer traffic. The laundry was re-tooled just three years ago with nearly all new top-of-the-line equipment, including 28 washers and 16 dryers. The facility incorporates a modern and versatile Spyder Wash pay system, allowing for both coin and card transactions, thus catering to a wide range of customer preferences. This profitable business is not just a laundry, but also an established walk-in level of Fluff & Fold service, presenting ample growth potential. The business operates with a partial attendance, being staffed for 4 - 6 hours daily, making it a manageable investment that does not require constant oversight. In terms of financials, the business generates a healthy monthly revenue of $24,000, and the asking price stands at $689,000. A reasonable down payment of $300,000 is expected. Rent for the 1,450 square feet facility is set at $5,380, and the lease terms extend up to 15 years, providing long-term security for your investment. Additionally, the business is NDA eligible, ensuring the confidentiality of your investment.