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East Los Angeles, Los Angeles County, California
Asking Price
Call/Email
Revenue
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Down
20%+ SBA
Cash Flow
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Name: Diane Kwon
Phone: Show phone number
Name
Diane Kwon
Phone
Show phone number
Posting ID:
261493
Attributes:
Absentee Run
Financial Assistance
Real Estate Included
Semi Absentee Run
Training And Support
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Los Angeles County, California
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$ 355,000
CF : $ 110,869
WAND Laundry is a Laundry machine Route Business. The company supplies washers and dryers into apartment building laundry rooms, collects the revenue and pays a portion of that revenue to the owners of the buildings. This business was established around 2009 and was purchased by the current owner in 2020. This business is operated by one person and a contracted service person. The current owner spends about 15 hours a week going to the locations of the machines and about another 5 hours a week on the accounting. The company has contracts with the owners and management companies that allows the company to earn revenue from the laundry machines. This business is great for a current Laundromat owner looking to add on to their business or a small business owner looking to get into the laundry route business. This is also available for a larger route company to acquire. The laundry Route business is a steady and reliable business with much upside in the future. If you are looking to get into a cash flowing business that is up and running this could a good fit for an energetic person. This business is simple but not easy. It has challenges that center around dealing with tenants using the machines and maintaining the service and repairs of the machines. WAND Laundry has 228 Laundry machines (Washers and Dryer) located in numerous locations. There is one owner operator that contracts the service repairs through a partner company. JB Service and installs. They handle a portion of the service requests and warrenty work. Currently WAND Laundry is charged $100.00 per service call plus any parts that are not under warranty. Many of the machines are still under warrenty. The owner does several service calls each week and JB Services and Installs averages 8 service calls per month. There are several brands of machines in our locations. Speed Queen, Maytag, and LG are the brands of washers and dryers and the payment systems consist of ESD, PayRange and ShinePay.

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Great Opportunity to Own a Coin Laundry + Property in LA. The coin laundry is an anchor tenant and there is a market as another tenant in the building. This is one of the best coin-operated laundromats in the area. The building is located in a densely populated, high-trafficked area. Great visibility with ample parking and easy in/out access. This busy laundry has a stable income and lots of regular customers. ** The profit margin is better because of the LOWER sewer charges in this area and HIGH-efficiency machines. Very high return on investment! Bldg Size - appx. 7000 sq. ft. Lot Size appx. 18,880 sq. ft. Rental income from property: Tenant (3000 sq. ft.) ; $3,400/month Coin Laundry Business : The average monthly gross income is appx. $57,000/mo. The average monthly net income is appx. $36,000/mo. Washer 66 / Dryer 94 All machines are 5.5 yrs old and are top of the line. The owner kept the equipment well-maintained and in immaculate condition like new. Reason for selling: The owner wants to sell in order to focus on his new business. Very motivated seller and priced to sell! This is a great opportunity for the right buyer to own a coin-laundry business along with the property. Don't miss this opportunity. Eligible for SBA loans.

East Los Angeles, California
Coin Laundry - With Real Estate
Call/Email
Great Opportunity to Own a Coin Laundry + Property in LA. This is one of the best coin-operated laundromats. In the free-standing building with a huge parking lot in a great location. This laundry is located in an area with a high population of coin laundry customers with great visibility. The best top-notch equipment is only 2yrs old. High-efficiency equipment uses 30% less water and energy than regular washers and dryers. *The profit margin is better because of the low rent, lower sewer charges in this area and HIGH-efficiency machines. Very high return on investment! This laundry is always busy with lots of regular customers due to its excellent location. Must see! Bldg Size - appx. 7050 sq. ft. Lot Size appx. 14,840 sq. ft. Average Monthly Gross income is appx. $75,000/mo. Average Monthly Net income is appx. $47,000/mo. 64 washers/ 61 dryers All machines are 2 yrs old and are top of the line. The owner kept the equipment well-maintained and in immaculate condition like new. Reason for selling: The owner wants to sell in order to focus on his new business. Very motivated Seller and Priced to sell! This is a great opportunity for the right buyer to own a coin laundry business along with the property. Don't miss this opportunity. Eligible for SBA loans. Please email or call for NDA and more information.

Los Angeles, California
Monthly gross $110,000 Coin Laundry - With Property
$ 8,200,000
CF : $ 600,000
Presenting an exceptional opportunity to acquire a high-volume coin laundromat business in the bustling city of Los Angeles, California. This laundromat is not just a business, but also includes property with a lot size of 25,740 square feet and a building size of 5,520 square feet. The business boasts a monthly average sales figure of approximately $110,000, resulting in a net income per month of $50,000. The laundromat is equipped with brand-new, state-of-the-art machines, offering top-notch services to its customers. With an asking price of $8,200,000, this business is SBA loan pre-qualified for the right buyer, requiring a down payment of $4 million. This operation is absentee-run, managed by three full-time employees, offering the new owner the flexibility of oversight or involvement in daily operations. Training and ongoing support are provided, ensuring a smooth transition. Located in Los Angeles County, this laundromat benefits from excellent visibility and abundant parking, adding to its allure for customers. With consistent revenue of $1,320,000 and a cash flow of $600,000, this business presents a lucrative investment opportunity in the service sector. Sales volumes are on an upward trajectory, indicating significant growth potential for the future. This is a remarkable opportunity to own a profitable business with real estate included in one of California's thriving markets. Interested parties are urged to reach out to broker
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