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Garden Grove, Orange County, California
Coin Laundry Asset Sale
Asking Price
$245,000
Revenue
Call/Email
Down
Call/Email
Cash Flow
Call/Email
Description
The store size is approximately 2,700 square feet and includes a total of 35 washers and 36 dryers. Among them are 17 newer FAGOR washers. The equipment mix includes various capacities, allowing for efficient operation. There is also a spacious folding area for customer convenience, and there is strong potential to increase revenue by introducing wash-and-fold services.
The business has undergone multiple recent upgrades to enhance the customer experience, including a remodeled restroom, installation of vending machines and massage chairs, and the addition of an RO water system. Some equipment and work areas are still in the process of being upgraded.
Operating details are as follows:
Average monthly gross revenue is approximately $10,000 to $14,000. The business operates under an NNN lease with about 10 years remaining. Monthly rent is $5,803, and CAM charges are $2,200.
Utility expenses are approximately $850 for electricity, $1,200 for gas, and about $650 for water (billed bi-monthly). Internet and phone cost about $150 per month, and the security system costs $240 per quarter.
Estimated monthly net income is approximately $2,000 to $3,000.
Equipment details are as follows:
Total of 35 washers (including 17 newer FAGOR machines)
14 units of 30LB, 7 units of 40LB, 32 units of 60LB, 3 units of 65LB, 1 unit of 80LB, and 8 top-load washers
Total of 36 dryers (34 units of 30LB – 17 double pocket, and 2 units of 50LB)
The current owner is relocating, which is the reason for the sale. The seller is willing to provide training to ensure a smooth transition for the new owner.
Business Details
Reason for sale:
Relocating
Property Information
Size in Square Feet:
2,700 sqft
Posting Information
Posting ID:
6469186
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Attributes:
Training And Support
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Posting Title
Coin Laundry Asset Sale
Posting ID
#6469186
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Agent, Broker or Seller Contact
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