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Buena Park, Orange County, California
Asking Price
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Revenue
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Down
35-40% SBA
Cash Flow
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Name: Diane Kwon
Phone: Show phone number
Name
Diane Kwon
Phone
Show phone number
Posting ID:
256081
Attributes:
Absentee Run
Financial Assistance
Semi Absentee Run
Training And Support
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Richmond, California
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Located on a high traffic street in a densely populated neighborhood, this mature laundromat offers a fantastic investment opportunity for any entrepreneur or seasoned investor. The demographics show an extremely high Latino population, high average household sizes and low household incomes – all key indicators of robust laundromat trade area. Featuring a mix of new and older Speed Queen washers and dryers, this laundromat offers long-term stability and excellent growth potential. There is an existing wash and fold set up and has room to expand as you grow the operation. While an already successful laundromat, there is huge potential to improve and expand the business to capture more of the market share in this incredible trade area. A new 25-year lease with reasonable rent/NNN is available to the buyer. And there is an opportunity to expand the laundromat space by approximately 1,700 sq ft if buyer desires. Financing is available through industry specific lenders like Alliance Laundry Systems Financial, Eastern Funding, Clean Laundry Funding or any lender that you may have a relationship with.

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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.

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I'd like to introduce a cute small laundry on a major busy street in Downey. One of the busy and high traffic areas next to major burger chain. Well established easy run laundromat in Downey. All equipment is top brand in excellent working condition. Good for first time buyers or absentee owners. Many upsides in business. High net income potential, absent run & easy management. Coin collection one time will be enough for a week with coin changers. Laundry was established in 2007 and the current owner has operated since 2018. The seller is a medical professional and the family has been running for the last 7 years. The equipment is the Speed Queen brand. The seller owns all vending machines (Drink, Snack, Soap) and coin slide soap vending. The seller is looking for cash buyers.

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