Posting Details

Coin Laundry With Property For Sale - Long Beach

1. Monthly gross : $76,000. ( $72,000. In summer, $80,000. In winter )
1) wash & dry : $70,000. ( $66,000. In summer, $74,000. In winter)
2) vending & market : $5,000.
3) game & others : $1,000.
2. Monthly expenses : $24,600.
1) gas : $3,800.
2) water & sewer : $4,100. ( 35 % approx. Of city of los angeles)
3) electric : $3,300.
4) trash : $150.
5) insurance : 4500.
6) equipment tax : $500.
7) vending cost : $2,500. ( 50 % of sales )
8) mechanic : $500. ( warranty for parts )
9) attendant : $7,500. ( current owner spends more than normal)
10) alarm : $200.
11) biz tax : $200.
12) reserved expense in case : $1,000.
3. Monthly net profit : $51,400.
4. Buyer should consider : property tax & insurance : $3,000. Expected.
5. Monthly cash flow before debt service : $48,400.
6. Expected loan payment : $19,575. ( 25 % down/ 75 % loan in sba)
7. Cash flow after loan payment : $28,825. ( better return on investment than the others )

8. Equipment : speed queen, quantum gold.
washers :20 lbs ( 26 ea. : $2.25 ) 30 lbs ( 13 ea. : $3.25.) 40 lbs ( 12 ea. : $4.25) 60 lbs ( 8 ea. : $6.25 ) 80 lbs ( 4 ea. : $8.00 )
dryer : 25 stacks for 30 lbs, 8 stacks for 45 lbs. : free of charge.
9. Highly efficient coin laundry : free dry with moisture sensor can provide customer satisfaction with low cost to owner )
10. Property : 4,600. Sq.. With 16,000. Lot, very good parking in & out.
11. Located relatively safe residential area comparing with south la.
12. 24 hours operated, it was newly opened on 10/2014, so still increasing monthly sales.

Current owner has 4 huge laundries in different areas, so not working there enough time. He's so reliable to give buyer exact data and very helpful in assisting buyer. Very profitable laundry with low water cost.
The listing # 224458 Coin Laundry With Property - Long Beach 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 Long Beach please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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