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For Sale: Coin Laundry - Absentee Run - Los Angeles


Current Status: Active     Posting #: 248148     Last Refreshed: 4/9/21    
Contact: Ryan Clark At 310-652-8353  -  Also Email This Contact Below
Asking Price:  $695,000     Down Payment:  Call     Annual SDC:  $183,695     Annual Gross:  $358,876    
Business Address:  None Given     City:  Los Angeles     Zip:  None Given    
Attributes:  Broker-Broker Coop, Absentee Run, Semi-Absentee Run, Training & Support, Owner Financing
This semi-absentee operated Echo Park Area coin laundry boasts the latest and greatest in modern eco-friendly fully automated machines. They also provide convenient drop off wash and fold and dry cleaning service. The business has an onsite parking lot and excellent freeway access. It is ideally located to conveniently service several nearby communities as well as neighborhood residents. It is a popular go-to location for the area's young and hip resident base.

This coinless facility operates out of a 1,400 square foot facility that leases for $4,155 per month including common area maintenance (CAM) on a lease until 6/2025 with two 5 year options (with 3.0% annual increases during the option periods). It boasts nearly 30 front loading machines, all operated with an automated card system. Approximately $400,000 was originally invested in the facility and equipment. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.

While competition exists, this convenient location with onsite parking, excellent freeway access, and new eco-friendly equipment, an automated card-driven operating system and additional customer focused provides it a unique advantage.

New operators will likely want to simply maintain this operation as-is'. In the near future, a large apartment development should be completed. While the complex will offer laundry options to residents on each floor, they will likely only have a limited number of units available which should result in those customers with multiple loads simply doing their laundry at this facility. Regardless of where they choose to do laundry, they should see a significant boost in their fluff and fold and dry cleaning services.

The seller will considering financing 30% of the sale price on a secure noted to a creditworthy buyer, depending on offer.

To get more information about this Coin Laundry - Absentee Run business for sale in Los Angeles please phone Ryan Clark (Broker) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #248148 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Coin Laundry - Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you.


Email Ryan Clark Below About This Posting




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For Best Results & Response, Email & Phone This Contact: Ryan Clark at 310-652-8353.
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Featured Fast Track Postings: Motivated Owner/Sellers & Business Buyers

For Sale: Coin Laundromat - Remodeled, Long Lease In Van Nuys, Los Angeles County, California
Contact: Cindy W: 800-307-1234, 323-721-8832
Status: Active  Posting #: 267373  Refreshed: 4/13/2021
Asking Price: $350,000  Down Payment: Call / Email  Annual SDC: Call / Email  Annual Gross: Call / Email
Attributes: Broker-Broker Coop
Fast Track Posting Great San Fernando Valley location with monument sign on busy corner, abundant parking. Completely remodeled including electrical, plumbing and cosmetics plus newer Intellihot tankless water heaters. Payment system on larger machines. Hard to find long term gross lease. Unique drop off set-up. Asking Price: $350,000
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For Sale: Coin Laundry With Real Estate In Long Beach, Los Angeles County, California
Contact: Greg Blednyh: 415-640-8044
Status: Active  Posting #: 230964  Refreshed: 10/26/2020
Asking Price: $1,950,000  Down Payment: Call  Annual SDC: Call  Annual Gross: Call
Attributes: Broker-Broker Coop, Real Estate Available, With Real Estate, Training And Support
Fast Track Posting This is a rare opportunity to purchase a very clean laundromat and mix use commercial property ideally located in Long Beach on approximately 7500 Sq Ft lot. Listing price is for both real property and laundromat. For additional information, please contact listing agent. Serious inquires only.
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