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Long Beach, Los Angeles County, California
Asking Price
$2,850,000
Revenue
$462,000
Down
Call/Email
Cash Flow
$239,000
Name: Edward Sohn
Phone: Show phone number
Name
Edward Sohn
Phone
Show phone number
Posting ID:
289861
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Keywords:
Long Beach, los angeles county, california, laundry, laundromat
Attributes:
Training And Support
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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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Presenting an exceptional opportunity to acquire a high-volume coin laundromat business in the bustling city of Los Angeles, California. This laundromat is not just a business, but also includes property with a lot size of 25,740 square feet and a building size of 5,520 square feet. The business boasts a monthly average sales figure of approximately $110,000, resulting in a net income per month of $50,000. The laundromat is equipped with brand-new, state-of-the-art machines, offering top-notch services to its customers. With an asking price of $8,200,000, this business is SBA loan pre-qualified for the right buyer, requiring a down payment of $4 million. This operation is absentee-run, managed by three full-time employees, offering the new owner the flexibility of oversight or involvement in daily operations. Training and ongoing support are provided, ensuring a smooth transition. Located in Los Angeles County, this laundromat benefits from excellent visibility and abundant parking, adding to its allure for customers. With consistent revenue of $1,320,000 and a cash flow of $600,000, this business presents a lucrative investment opportunity in the service sector. Sales volumes are on an upward trajectory, indicating significant growth potential for the future. This is a remarkable opportunity to own a profitable business with real estate included in one of California's thriving markets. Interested parties are urged to reach out to broker

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Well-established laundromat in long beach at a low price! Big big potential!! There's a new project with many buildings for low-income apartments across the street. Located in a strip mall with a high traffic count in a prime location. Great visibility with ample front parking with easy in/out. Lots of regular customers due to its excellent location. Very high return on investment! ** the profit margin is better because of the low rent and lower water bills. Business is kept clean and machines are well maintained. Must see! This is a great opportunity for a first-time buyer to buy a successful coin-operated laundry at a low price. Size: 4,000 sq. ft. Rent: $5200 (including nnn). The average monthly gross income is appx. $22,000. The average monthly net income is appx. $6500. 54 washers/ 22 dryers All equipment is well-maintained (7yrs and 15yrs old). The owner has a maintenance technician who kept it in immaculate condition and you will keep him. Reason for selling: the owner has a serious health issue and can not manage the business properly. The owner is very motivated to sell. This successful coin laundry is waiting for a new owner. Now it's time to take advantage of this opportunity!! Eligible for SBA loans.

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