$725,000.00
Asking Price
Status: Active
Posting ID: 286262
4/26/24
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.
Contact
Details
Asking Price: $725,000.00
Down: $725,000.00
Cash Flow: $199,963.00
Revenue: $477,324.00
Area: Santa Clara County
City: None Given
Attributes:
My Notes About This Listing
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