$740,000.00
Asking Price
Address: Torrance,
Status: Active
Posting ID: 285822
4/18/24
Description
The current owner, who has operated the business for 23 years, is seeking to retire. The laundromat is approximately 10 years old and has been well-maintained, ensuring its good condition. The laundromat features 67 washers and 48 dryers, offering substantial capacity for customers.
Operating hours are from 6:00 am to 9:00 pm, with a spacious size of 4,000 square feet and a low monthly rent of $3,900, which includes NNN expenses. The business boasts a high adjusted net income of $17,000 per month, making it a rare find in the market. The lease is favorable, set at $3,900 per month until April 30, 2029, with a 10-year option.
The business can be run semi-absent, but it also has the potential to transition to 100% employee operation. The owner currently works from 6:00 am to 9:30 am Monday through Saturday and from 6:00 am to 7:30 am on Sundays. An attendant is employed from 9:30 am to 9:00 pm, earning $5,118 per month. Good customers.
To get more information about this Laundromat - Retiring, High Adjusted Net Income business for sale in Torrance please phone Steve Kim (Agent - BRE License #:01068216) at 213-880-5688 Cell and 213-880-5688 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285822 on BizBen.com. In addition to phoning Steve Kim, make sure you email Steve Kim above to get more info about this Laundromat - Retiring, High Adjusted Net Income, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01068216. Wilshire Realty.
Contact
Details
Asking Price: $740,000.00
Down: $370,000.00
Cash Flow: $200,000.00
Revenue: $425,531.00
Area: Torrance
City: Torrance
Attributes:
My Notes About This Listing
Cash flow
$200,000
Revenue
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Down
$181,250
Posting: 284627 | Available | 4/23/24
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Revenue
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Down
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Revenue
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Down
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Down
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Total Investment
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Min Liquid Cash
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Net Worth
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Franchise Fee
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Asking Price
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Min Liquid Cash
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Net Worth
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Cash flow
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Revenue
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Down
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Space Being Rented
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Year Built
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Lease Amount
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Down
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Min Liquid Cash
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Net Worth
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Cash flow
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Revenue
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Down
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Down
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Down
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Down
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Cash flow
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Revenue
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Down
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Down
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Revenue
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Down
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Asking Price
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Cash flow
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Down
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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