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Downey, Los Angeles County, California
Asset Sale, high potential laundry in Downey
Asking Price
$170,000
Revenue
Call/Email
Down
$100,000
Cash Flow
Call/Email
Description
Available for sale is a well-established coin laundry with high potential located in Downey, California. This laundromat is strategically positioned on a busy street, nestled between a major franchise burger establishment and a national franchise Italian restaurant, attracting a high volume of traffic. The business has been under the current owner's management since 2018 and is known for its top-brand machines in excellent condition.
This opportunity is particularly ripe for first-time buyers or absentee owners. There is significant upside potential, as the current owner's other interests and obligations have led to some neglect in the business's management. With focused attention and organization, this laundromat has the potential to thrive.
The sale is primarily being offered as an "Asset Sale" to all-cash buyers. However, the seller may consider seller financing for qualified buyers. The potential buyer should be prepared with a down payment of $100,000 and a high credit score to be qualified by the landlord.
This business was recently in escrow with cash buyers, but due to a partnership dispute, the contract defaulted. The seller is motivated and offering a significant price discount for a quick sale.
The lease terms run until October 1, 2032, with 5 + 5 + 5 year options, and the premises are located in a strip center. The reason for selling is due to other business opportunities and family commitments. Training and support will be provided, and financial assistance is available. No Broker Coop.
Business Details
Reason for sale:
Other business opportunities and family problems.
Property Information
Lease Terms:
October 1, 2032 plus 5 + 5 + 5 year options.
Premises Details:
Strip center
Lease & Tenant Information
Posting Information
Posting ID:
7125246
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Attributes:
Financial Assistance
Semi Absentee Run
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Asset Sale, high potential laundry in Downey
Posting ID
#7125246
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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