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San Mateo County, California
High Performing Mid-Peninsula Laundromat
Asking Price
$1,249,000
Revenue
Call/Email
Down
$300,000
Cash Flow
Call/Email
Description
Business Details
Year Established:
1998
Employees:
4
FE&E:
Featuring a mix of new and older washers and dryers, this laundromat offers long-term stability and excellent growth potential. The machine ages range between 2008 and 2025 models, with the majority being less than 10 years old.
Reason for sale:
After over 30 years owning the business, the Seller is ready to retire.
Support & Training:
The business has an experienced team in place and established processes, so it’s not overly dependent on the owner. Additional support can be made available for a mutually agreed period after the sale.
Property Information
Size in Square Feet:
2,200 sqft
Lease Terms:
New 10 year Lease with two 5 year options to buyer
Premises Details:
Located on a high traffic street in a densely populated neighborhood, this mature laundromat offers a fantastic investment opportunity for any entrepreneur or seasoned investor. The demographics show an extremely high Latino population, high average household sizes and low household incomes – all key indicators of robust laundromat trade area.
Lease & Tenant Information
Lease Options:
$6,245
Posting Information
Posting ID:
5673817
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Attributes:
Training And Support
Non-Disclosure Agreement
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Posting Title
High Performing Mid-Peninsula Laundromat
Posting ID
#5673817
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Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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