Posting Details

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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Brad Steinberg, Broker - Laundromat Specialists

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Chuck Post: Laundry Buyer Representation, Consulting, Due Diligence

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Larry Larsen, Broker, Laundry Specialist - Orange, LA Counties

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Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services

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