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Je Young Kim
New Star Realty & Investments
Postings
Los Angeles County, California
Coin Laundry Including Real Estate
$ 5,200,000
CF : $ 639,000
1. Monthly Gross Sales: $93,740. ( monthly average ) 1) Washer & Dryer : $78,800. 2) Vending & Market : $12,000. 3) Others : $2,940. 2. Monthly Expense : $41,671. 1) Gas : $4,800. 2) Water : $9,200. 3) Electric : $3,200. 4) Trash : $201. 5) Insurance : $500. 6) Equipment Tax : $500. ( Unsecured Property Tax ) 7) Vending Cost : $6,000. ( 50 % of sales from vending & market ) 8) Vending Equipment Lease : $350. 9) Mechanic : $800. 10) Attendant : 11,700. ( Optimal wage) 11) Nik O Lok : $20. 12) Miscellaneous : $300. ( Phone, TV, Internet ) 13) Business License Tax : $50. 14) Alarm : $50. 15) Others : $1,000. ( Reserved Money - in case ) 3. Monthly Operating Net Profit : $52,069. 4. Property Tax & Property Insurance : $3,100. 5. Monthly Net Profit : $48,969 6. SBA : 20 to 25 %, Down. 7. Loan Payment : $22,830. ( At 75 % loan amount of purchase price ) 8. Monthly Cash Flow : $26,139. 9. If the escrow is closed before 9/27/2020, government will pay for 6 months loan payments instead of the buyer.
Los Angeles, California
Coin Laundry With Real Estate - High Net Income
$ 5,000,000
CF : $ 614,400
Monthly Average Gross Sales: $96,000. ($91,000. to $99,000 ) 1. Washer & Dryer : $80,000. 2. Vending & Market : $14,500. 3. Others : $1,500. -. Monthly Expenses: $41,700. 1. Water:$10,200. 2. Gas: $5,500. 3. Electric:$3,100. 4. Attendants: $11,000. 5. Insurance for liability & Workcom: $800. 6. Vending Cost: $7,500. ( 50 %) 7. Vending Lease :$350. 8. Trash:$240. 9. Mechanic & Repair: $1,000. 10. Equipment Tax : $500. ( Unsecured property tax ) 11. Business License: $50. 12. Alarm:$40. 13.Nik O Lok:$20. 14.Miscellaneous: $400. ( Phone, TV, Internet) 15. Others :$1,000. (Reserved money- in case) Monthly Operating Net Profit: $54,300. Property Tax & Insurance : $3,100. Monthly Net Profit: $51,200. SBA loan: 25 % down payment to obtain the SBA loan. 25 years amortization. About prime + 1 %.
Los Angeles, California
Coin Car Wash With Coin Laundry, Real Estate
$ 6,100,000
4,000. sqf. coin laundry combined with 4 bays coin car wash. Coin Laundry Monthly Gross Sales : $76,156. ( Monthly Average for 7 months ) Washers : $63,352. Vending & Market : $12,204. ( Cost of Good : 60 % ) Others : $600. ( No cost items ) Monthly Expenses. ( Optimal expenses in normal operation ) Wage : $10,000. ( $13.25 minimum wage, 24 hours, 31 days) Water : $3,252. ( About 40 % lower than City of Los Angeles) Gas : $4,391. Electric ; $2,491. Cost of Good : $7,322. ( 60 % of market & vending sales ) Mechanic : $500. ( Parts are warranty for 3 years after opening ) Unsecured property tax : $700. Trash : $350. Sales Tax : $500. Insurance for Business : $600. Workcom : $400. Miscellaneous : $500. ( Internet, TV, Alarm ) Reserved for taxes & others : $2,000. ( Sales tax, payroll tax etc.) Total : $33,006. ( Monthly expenses in normal operation ) 3. Monthly Operating Profit from coin laundry : $43,150 Coin Car Wash 1. Monthly Gross : $22,000. ( in summer ) 2. Total expenses : $5,515. 3. Monthly Operating Profit : $16,485. Total monthly operating profit from coin car wash & laundry ) $59,635 Property tax : $4,000. on a monthly basis. Property Insurance : $700. on monthly basis. Net profit on a monthly basis : $ $54,935 Strong Points 1. New facilities : Potential to increase monthly sales for both sales. 2. Coin car wash sales will be increasing rapidly year by year. 3. Very good synergy effect from the combination of laundry & coin car wash. Financing 1. About 20 % down payment to get SBA loan. 2. About 4.75 % interest rate with 25 amortization. 3. 6 monthly loan payments including principals will be supported by government, if closed before 9/27/2020. So, 1031 exchange will be good.
Phelan, California
Coin Car Wash With Real Estate - Absentee Run
$ 1,850,000
Exclusive listing for coin car wash including its property. Seller has not been working there for last 12 years because he has lived 80 miles away from the subject car wash. He just invested in it. 1031 Exchange is possible. Monthly Gross : $19,000. / Monthly Net profit : $11,000. expected before debt service. Financing : SBA possible / 25 years amortization, loan fee will be waived by September 2021. 3 months monthly payments will be supported, up to $9,000. if closing the escrow by September. - Land : 1 Acre with 4 bays and 1 bay for truck, 1 for Automatic. - Seller has not been working for 12 years. He got there once a week. - Monthly Average Gross : $19,111. - Monthly Expenses : $6,858. 1. Insurance : $484. 2. Repair : $694. 3. Chemical : 343. 4. Utility : $1,656. 5. Payroll : $2,815. 6. Taxes : $864. 7. Gross Profit : $12,252. The above financial numbers come from the seller's annual data. 8. Reserved amount for the buyer : $1,500. - Located at Phelan. - Huge benefits for SBA loan, if closes by September 2021. - 1031 Exchange is possible.
Los Angeles, California
Coin Laundry With Property
$ 4,500,000
Very rare opportunity to purchase a new coin laundry with new equipment and property, now under construction. The expected completion will be around the end of January 2023. The site plan and equipment list can be emailed if you ask. 5,400. sq ft coin laundry with 16 parking spaces and some parking spaces in the street. Speed Queen Equipped: 10 ea 80 lbs. washers installed and more.