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For Sale: Coin Laundry - Approximately 40 Years - San Fernando Valley, California

$150,000.00

Asking Price

Description

This cute Coin Laundry in the San Fernando Valley is a very small, established laundry business that has been in operation for approximately 40 years. The business has a loyal customer base, steady income, and a solid reputation in the local community. Although the profits are modest,the seller states about $105-110+/ in gross sales and approximately $40K+/ in net for 2024, the longevity and reliability of the business present a possible strong foundation for future growth. Super cute and very clean operation.

949+/ sq. ft. Several machines were installed in March 2021. Other equipment was installed 12+/ years ago, all of which has been maintained.
Nice neighborhood. Lots of easy parking. Newly remodeled in 2021 and upgraded per Seller.
Good lease in place with a current rent of $1850 per month. A possible new 3-year lease with 1 year option periods will be available from the Landlord to a qualified Buyer with strong credit score.

Key Highlights:
- Operating for 40+/ years with consistent customer retention
- Modest but steady annual profits
- Excellent location and community presence
- Potential for growth with modern equipment or service expansion
- Simple operational model suitable for an owner-operator or first-time buyer

Assets and Considerations:
- Equipment is functional but may require replacement or upgrades- 2 washing machines are not working.
- Lease terms and utility costs are manageable
- Limited financial records available upon request to those who complete the NDA package and provide a personal financial statement. The Landlord will require a credit report.
Equipment consists of:
Washing Machines: Total (18)
60 LB Dexter (1)
40 LB Dexter (1)
30 LB Dexter (3)
30 LB Huebsch (4)
Top Loader Heubsch (5)
20 LB Heubsch (5) total (2 not working)
DRYER: Total (14)
2 Regular Stacked Huebsch
12 Large Capacity Stacked Huebsch
2 Coin Change Machine [accepts bills up to $20
2 TV and remote
Please note: Information can only be shared with those interested who request, complete, and return the full NDA package which includes a Buyer Profile and Financial statement. The landlord will require a credit report.

Disclaimer: All information, financial or otherwise has been furnished by the Seller. It has not and will not be verified for the accuracy or completeness. Buyers are urged to conduct their own intensive due diligence in any manner they see fit. Purchasing a business involves risk and all parties are advised to seek legal and financial advice. A Business Broker is not able to provide legal, accounting, or tax advice. Any opinions or information contained in this listing are not intended to be used as legal, accounting or tax advice by any recipient.

To get more information about this Coin Laundry - Approximately 40 Years business for sale in San Fernando Valley please phone Brenda Bernhard (Broker - BRE License #:01211778) at 818-321-6456 Cell and 818-321-6456 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #292633 on BizBen.com. In addition to phoning Brenda Bernhard, make sure you email Brenda Bernhard above to get more info about this Coin Laundry - Approximately 40 Years, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01211778. Strong Business Advisors.

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Contact

  1. Name: Brenda Bernhard
  2. phone iconPhone: 818-321-6456 Cell
  3. phone iconPhone: 818-321-6456

Details

  1. Asking Price: $150,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    Call/Email

  1. Area: San Fernando Valley

  2. City: None Given

  1. Attributes:

    Broker Cooperation

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Related Links & Information Regarding This Posting

Email Brenda Bernhard Below About This Posting


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