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For Sale: Coin Laundry - Good Returns, Semi Absentee Run - Santa Clara County, California

$725,000.00

Asking Price

  • Status: Active

  • Posting ID: 286262

  • 4/26/24

Santa Clara County Coin Laundry - Good Returns, Semi Absentee Run Business For Sale

Description

This coin laundry has been well established since 2010 and operates exclusively with coins, without accepting cards. Situated in a bustling location adjacent to a supermarket, the seller asserts that this business is impervious to the effects of Covid-19. The gross income amounts to $477,324, with a net income (SDE) of $199,963.

Seller requested cash offer only without loan.

This bustling and immaculate laundromat is staffed with on-site employees who exclusively use coin-operated machines, eschewing any card-based payment systems. The store spans 2920 square feet, with a monthly rent of $6,773 plus an additional $3,000 for NNN charges. The lease is set to expire in August 2025, with the option to renew for three additional terms of five years each. There is a 3% annual increase in rent.

The staff comprises three part-time employees responsible for opening and closing the store, which contains a single restroom. Ample parking is available within the shopping center.

Additionally:

- Revenue amounts to $477,324.
- Net income, excluding the owner's salary, totals $173,400.
- The owner, who works part-time, receives a salary of $26,563.
- The business boasts well-maintained equipment and a reliable security camera system accessible online.
- Mobile tracking is available for laundry carts.
- The employees demonstrate commendable work ethic.

Equipment includes:

10 Top load SQ

2 Frontload SQ, 30 lb

14 Frontload Dexter, 20 lb

8 Frontload Dexter, 40 lb

4 Frontload Dexter, 60 lb

3 Frontload Dexter, 80 lb

16 Stack Dryer Dexter, 30lb

4 Stack Dryer Dexter, 50lb

4 Changer

22 Laundry cart

1 Soap vending machine

1 Snack Candy vending machine

5 Toys vending machine

2 Video game

1 Token pusher game

2 Water heater only 10 months old

 If you are financially qualified, contact with me for details.

To get more information about this Coin Laundry - Good Returns, Semi Absentee Run business for sale in Santa Clara County please phone Shifang Sun (Agent - BRE License #:01984534) at 510-881-6010 Cell and 510-881-6010 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286262 on BizBen.com. In addition to phoning Shifang Sun, make sure you email Shifang Sun above to get more info about this Coin Laundry - Good Returns, Semi Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01984534. Alliance Bay Realty-Business.

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Contact

  1. Name: Shifang Sun
  2. phone iconPhone: 510-881-6010 Cell
  3. phone iconPhone: 510-881-6010 Text

Details

  1. Asking Price: $725,000.00

  2. Down: $725,000.00

  3. Cash Flow: $199,963.00

  4. Revenue:    $477,324.00

  1. Area: Santa Clara County

  2. City: None Given

  1. Attributes:

    Semi-Absentee RunTraining & Support

My Notes About This Listing

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Related Links & Information Regarding This Posting

Email Shifang Sun Below About This Posting


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