Coin Laundry With Property For Sale - Los Angeles

1. Monthly gross : $56,000.
washer & dryer : $49,000.
vending & market ; $5,500.
game & others : $1,000.
2. Monthly expenses : $24,849.
gas : $3,100.
water : $7,300.
electric : $2,150.
trash collection : $160.
insurance : $400.
personal property tax : $400.
vending cost : $2,800. ( 50 % of vending & market )
mechanic for repair : $500.
attendant : $7,300. ( 24 hours operating )
vending lease : $330.
nik o lok : 19.
business tax : $50.
alarm : $40.
others : $300.
3. Monthly net profit : $30,651. ( before tax, insurance, debt service.)
4. Equipment ( wascomat)
washers : top ( 14 ea; $1.5), 20 lbs ( 7 ea : $2.25), 30 lbs ( 14:$2.75 )
40 lbs ( 13 ea : $3.75 ), 60 lbs ( 4 ea : $4.5 ) 80 lbs(6: $6.5)
dryers : 16 stacks with 30 lbs ( 11 min. Per 25 cents)
14 stacks with 45 lbs ( 9 min. Per 25 cents )

It was newly built property & coin laundry about 4 years ago. There will be a new laundry under construction 1 mile away from the subject laundry. Total price, $2,650,000. Can be allocated for $1,200,000. For laundry & $1,450,000. For property. Buyer can purchase it with 25 % down payment of total price, which results in :
1. Purchase price : $2,650,000.
2. Down payment : $662,000. ( 25 % of price for SBA )
3. Monthly net profit : $30,651.
monthly loan payment : $11,000. ( 25 years amortization )
property tax for property : $1,500.
insurance for property : $500.
monthly cash flow : $17,651.(31 % annual return on investing amount. )

I will verify all seller's data in order for buyer to void any pitfall risks.
The listing # 221767 Coin Laundry With Property - Los Angeles below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Coin Laundry With Property in Los Angeles please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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Available: Coin Laundry - Los Angeles
Posting #: 228415
Status: Active
Refreshed: 10/26/2019

Contact: Joseph K. Min
Phone: 213-280-4989 Cell
Phone: None Given

Price: $490,000
Adj Net: Call
Down: $150,000

Very well established and managed coin laundry business for a long time with excellent attendants. 45 Washers and 46 Dryers. Good neighborhood area. About 20 years lease including options.
Available: Coin Laundromat - Long Beach
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Refreshed: 10/16/2019

Contact: William Dang
Phone: 626-318-8891 Cell
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Down: Call

A beautiful store in a better neighborhood of Long Beach. High volume with potentials to improve more. Reliable brand of mixed equipment to accommodate different size loads. A 20 years lease term will be given to potential buyer.
Available: Coin Laundry With Real Estate - Absentee Run - Los Angeles Area
Posting #: 257198
Status: Active
Refreshed: 10/23/2019

Contact: Joshua Choy
Phone: 323-633-1558
Phone: None Given

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Adj Net: $186,000
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Well established laundromat with property for sale. Absentee run. Easy card system, easy management. High income laundry. Located in the center of residential area, No competition. Good for 24 hour open location and huge upside potential to hand-on buyers. 5,000 sf large laundry with good parking.
Los Angeles Coin Laundromat Store For SaleCoin Laundromat Store Business For Sale
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Posting #: 248927
Status: Active
Refreshed: 10/15/2019

Contact: Cindy W.
Phone: 800-307-1234
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Light, bright free standing laundry on corner lot with good parking. ESD payment system with updated touch screen VTMs. Great location just a few miles from the new Rams stadium. Efficient LED lighting. New long term lease available to qualified buyer.
Available: Coin Laundry - Panorama City
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Status: Active
Refreshed: 11/15/2019

Contact: Deborah Byon
Phone: 213-435-6577
Phone: None Given

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SF Valley Absentee Laundromat with extremely high traffic is for sale. Offering all the services customer could need. Well trained staff running entire operation. Space available to add more services to boost revenue. Good lease, size with happy customers in place. Must check this one out.
Santa Monica, LA County Coin Laundry For Sale
Available: Coin Laundry - Santa Monica, LA County
Posting #: 256010
Status: Active
Refreshed: 11/12/2019

Contact: Jason Jung
Phone: 310-905-2821 Direct
Phone: 310-905-2821 Text

Price: $150,000
Adj Net: $60,000
Down: $150,000

Rare opportunity to purchase a profitable coin laundromat in Santa Monica. This price is an absolute bargain. Approximately 2200 sq. ft. located on a non signalized corner next to a main corridor of Santa Monica Blvd. Washers and dryers need some TLC. 10 year lease possible. Call for more details.
Los Angeles, Korea Town Area Coin Laundry For Sale
Available: Coin Laundry - Los Angeles, Korea Town Area
Posting #: 257653
Status: Active
Refreshed: 11/17/2019

Contact: Michael Chung
Phone: 213-435-7229
Phone: None Given

Price: $150,000
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Down: $150,000

Great Coin Laundry-Very Busy Location,adjacent Korea-Town. Prime Location at Main streets intersection with Heavy traffics,North from Freeway #10. Absentee Run Operation. Size of the store is 2,800 sq. ft. with a long term lease in place. Clean Books & Records. Seller is motivated.
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Posting #: 244211
Status: Active
Refreshed: 10/30/2019

Contact: Ryan West
Phone: 310-200-2313
Phone: 310-200-2313

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Nice neighborhood Coin Laundry with good parking and a solid clientele. This nice Dexter laundry is ready for a new first time owner or someone ready to expand and grow this business. This laundry has so much room to grow and the demographics in this area are excellent. There is a possibility to exp
Available: Coin Laundromat - Lavaderia - San Gabriel Valley
Posting #: 257745
Status: Active
Refreshed: 10/15/2019

Contact: William Dang
Phone: 626-318-8891
Phone: None Given

Price: $90,000
Adj Net: Call / Email
Down: Call / Email

Great store for first time ownership or for multiple stores owner. Manageable size with many upside potentials for growth. Store is highly visible with easy ingress and egress to the strip center. Price right to sell FAST!
Available: Laundromat - Downey, Los Angeles County
Posting #: 237727
Status: Active
Refreshed: 10/28/2019

Contact: Joshua Choy
Phone: 323-633-1558
Phone: None Given

Price: $275,000
Adj Net: $84,000
Down: Call

High density Hispanic Downey major street busy center. Well established laundromat recent upgrade washer and dryer. Well maintained and excellent working condition, Good size laundry with self serve purified water station . Easy management system. Huge upside potential. Good for first time buyer.
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  Helpful Resources To Assist In Selling And Buying California Businesses

Brad Steinberg, Business Broker: Laundromat Specialist

PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.

Peter Siegel, MBA, BizBen Founder, ProBuy, ProSell Programs

Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both websites. I consult daily with buyers, sellers, and intermediaries daily about buying and selling businesses. Call 925-785-3118.

Chuck Post: Laundry Buyer Representation, Consulting, Due Diligence

I have 32 years experience in the laundry industry, specializing in assisting laundry buyers with buying or starting up, building, re-tooling, laundries throughout CA. Laundry buyer representation, consulting, due-diligence, lease negotiations, laundry valuations. Contact me at 619-227-5711 Cell.

Larry Larsen: Laundry Consulting, Brokerage, Insurance

I have over forty years of experience in the sales, ownership, management, and construction of coin laundries. He is a licensed broker active in the sale of coin laundries, a licensed insurance agent specializing in coin laundry insurance. Phone me at 714-630-9274 or 714-630-Wash.

Mike Hurrell, Broker: Coin & Card Laundry Specialist Brokerage

Providencia Properties Inc in association with Golden State Laundry Systems is a full service Coin Laundry Real Estate Broker. At GSLS you will receive personalized attention from our professional staff of coin laundry experts. To sell or buy a Southern CA laundromat call Mike at 310-223-2240 X209.

Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews

When Buying A Laundry Why Buyers Should Have An Exit Strategy When Buying

Chuck Post (reach him at 619-227-5711) a laundry consultant, specialty broker, buyer representative & due diligence advisor starts this discussion on why it's important to have an exit strategy in mind while buying a laundromat! He & others explain why this concept is so important to serious buyers.

FREE Live Laundry Seminars For Buyers: See Our Upcoming Schedule Of Seminars

Looking to buy or start up a card or coin laundromat? PWS Laundry is presenting their schedule of upcoming Seminars for laundry buyers & entrepreneurs. These informative live Seminars will cover an overview of the laundry industry, selecting the right location, an overview of leases, Q&A, plus more.

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Chuck Post (laundry buyer rep, consultant, due-diligence expert) discusses the factors of appraising laundries. Why such high purchase prices is baffling - many times the value is so misunderstood that it results in laundry buyers over-paying for a laundromat. Reach Chuck direct at 619-227-5711.

FREE Online Webinar This Week: For Buyers - How To Buy & Value Laundromats

Chuck Post hosts this live FREE online webinar on How To Buy & Value A California Laundromat. Webinars are scheduled every week! Have your questions ready for an open and honest discussion about both the pros & cons of the laundry business. Phone 619-227-5711 for more information & to RSVP today.

Laundry Expert Reviews: The Laundry Lease And Its Effect On The Valuation

Read why longer leases increase the value of a card or coin laundromat when buying or selling a laundry. Chuck Post (Laundry Broker, Consultant at 619-227-5711) expands on the topic of lease structures on the purchase or selling of a laundromat. Laundry sellers and buyers will want to read this.

Laundromats: Are They Good Investments For Business Buyers? We Discuss This.

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We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.

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Larry Larsen Laundromat Broker
Golden State Laundry System Laundry Business Brokers
Willard Michlin Due Diligence Services
Chuck Post Laundromat Industry Expert
Larry Larsen Laundromat Broker
Golden State Laundry System Brokerage
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