Posting Details

Coin Laundry For Sale - Norwalk

2500 sq ft coin operated laundry in a busy shopping center in norwalk.

Lots of regular customers due to its excellent location.
Great visibility with ample parking and easy in/out access.
Well-designed interior and decorations.

** the profit margin is better because the sewer charges are very low in this area.
This laundry also has lots of potential to increase revenue.
The business is kept clean and machines are well maintained. Must see!!

Size: 2500 sq ft
Rent: approx. $5230 (including nnn)

Average monthly gross income is approx: $23,000.
Average net income is approx: $9,000.

41 washers/ 45 dryers

All equipment is well- maintained and in great condition (most are 2 yrs to 6 yrs old, and some are older).

Reason for selling: the owner wants to sell in order to relocate.

The owner bought this business about 4yrs ago but she is willing to sell this business at a low price because she has to relocate.

Priced to sell! Very motivated seller!
Eligible for sba loans.

Do not miss this opportunity!!
The listing # 248829 Coin Laundry - Norwalk 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 in Norwalk please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

  Recent Listings By Related Business Types And Locations (See More Listings)
Available: Coin Laundry - Huntington Park
Posting #: 223681
Status: Active
Refreshed: 7/28/2019

Contact: Diane Kwon
Phone: 213-999-9500
Phone: None Given

Price: Call or email
Adj Net: $253,000
Down: $35~40% SBA Eligible

Coin laundry for sale. Size 3,200 sq.ft. 15 yrs remaining on the current lease. 50 Washers/ 54 Dryers. Equipment is in great condition and is well maintained. Absentee owner (100% help run). Located in a shopping center on a prime location with ample parking and high traffic.
Available: Coin Laundry - Los Angeles
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Status: Active
Refreshed: 8/7/2019

Contact: Christian Lee
Phone: 213-926-5255 Cell
Phone: None Given

Price: $599,000
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Down: $180,000

Coin laundry for sale. Long lease with a good monthly rent. Machines are one of the top notch model, Electrolux. Located at busy business and residential area.
San Fernando, Los Angeles Area Coin Laundromat For Sale
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Posting #: 246969
Status: Active
Refreshed: 8/23/2019

Contact: Kevin Forrest
Phone: 323-721-8832
Phone: None Given

Price: $1,700,000
Adj Net: Call
Down: Call

Vaulted ceilings, spacious aisles, incredible game area for kids; Large separate office space and incredible storage. Fully carded with multiple revenue sources including water, massage chair, bulk soap and ATM. Perfect Valley location with great exposure and signage.
Available: Coin Laundry - Los Angeles Area
Posting #: 253331
Status: Active
Refreshed: 7/26/2019

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

Price: $625,000
Adj Net: Call / Email
Down: Call / Email

Prime Location/Very Well Maintain Coin Laundry nearby Korea-town. Great Visibility,High Ceiling, Clean & Nice. Amazing Store with Good enough Parking in front. Business Hours are Not 24 Hours-5:00 AM-12:00 PM. SBA Financing Available for Qualified Borrowers.
Available: Laundromat - Lynwood, Los Angeles County
Posting #: 250221
Status: Active
Refreshed: 8/2/2019

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

Price: $250,000
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Excellent starter CL opportunity in busy Lynwood strip mall. New lease available. Densely populated in business & residential area. 11 yrs w/same owner and first time on the market. Reasonable price for all types of buyers. Owner selling because of health issues. Must see.
Huntington Park, LA County Coin Laundromat For Sale
Available: Coin Laundromat - Huntington Park, LA County
Posting #: 250631
Status: Active
Refreshed: 8/23/2019

Contact: Cindy W.
Phone: 800-307-1234
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Located within walking distance from several apartment buildings, this laundromat has a great demographic tailored for the laundromat business. The laundromat has been well maintained and manage with plenty of parking for your customer.
Los Angeles Area Coin Laundromat For Sale
Available: Coin Laundromat - Los Angeles Area
Posting #: 246917
Status: Active
Refreshed: 8/23/2019

Contact: Cindy W.
Phone: 323-721-8832
Phone: None Given

Price: $290,000
Adj Net: Call
Down: Call

Seller financing available for this well equipped laundry in busy strip center. Bright interior with LED lighting. Plentiful lot and street parking with good visibility at major intersection. Turn key laundry with newer equipment and great customer base.
Available: Coin Laundry - Wilmington, Los Angeles County
Posting #: 254553
Status: Active
Refreshed: 8/23/2019

Contact: Tony Ly
Phone: 626-622-1117
Phone: 626-814-4752

Price: $250,000
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Well established coin laundry with established customer base. This laundromat has an great mix of equipment in addition to excellent parking with easy in and out access. Reasonable seller!
Available: Coin Laundry - Compton, Los Angeles County
Posting #: 247292
Status: Active
Refreshed: 8/8/2019

Contact: Kee Chang Nam
Phone: 714-323-8080
Phone: None Given

Price: $850,000
Adj Net: $210,000
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Coin Laundry for sale. Average Gross Income - month: $41,000 (Soap and miscellaneous sales $4,500). Open hours: 5:00 AM - 11:00 PM. 4,000 sq. ft. Monthly rent $6,445 increase 3% every year. 10 year lease + 10 year option. Equipment in good condition.
Available: Laundromat - Covina, Los Angeles County
Posting #: 251786
Status: Active
Refreshed: 8/15/2019

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

Price: $329,000
Adj Net: Call/Email
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Laundromat just remodeled 4 months ago with new granite folding tables, repainted all walls, and added additional Fluff & Fold area to provide future additional income service. Store is full of bells & whistles to accommodate all washes and drying capacity. Great long term lease.
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Compton, Covina, Huntington Park, Los Angeles, San Fernando, Wilmington


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  Helpful Resources To Assist In Selling And Buying California Businesses

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.

Brad Steinberg, Broker - Laundromat Specialists

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.

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

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.

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Chuck Post: Laundry Buyer Representation, Consulting, Due Diligence

Chuck Post has 32 years experience in the laundry industry, specializing in assisting laundry buyers (and entrepreneurs) with buying or starting up, building, re-tooling, laundries throughout California. Laundry buyer representation, consulting, due-diligence, lease negotiations, laundry valuations.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

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

Laundry Broker Explains Laundry Leases: 4 Big Issues For Buyers And Sellers

Chuck Post (Laundry Buyer Rep, Consultant, Due Diligence) discusses what laundry buyers and sellers should consider when reviewing and considering a laundromat lease. A must read for potential laundry buyers and owner/sellers of card and coin operated laundromats. Reach Chuck at 619-227-5711.

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.

What Critical Factors Contribute To Coin & Card Laundry Business Valuations?

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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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.

Selling A Laundromat? Top Tips: Valuation, Pricing, Finding Buyers, Resouces

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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.

Are laundries good investments for buyers? Chuck Post, (at 619-227-5711 - California laundry consultant, due diligence services, and laundry buyer representation) discusses this topic with other advisors & brokers in this BizBen Discussion about laundry investments and if they are good investments.

See All News, Tips And Events


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