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Fullerton, Orange County, California
Asking Price
$1,118,000
Revenue
$342,000
Down
Call/Email
Cash Flow
Call/Email
Posting ID:
3185549
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Attributes:
Financial Assistance
Semi Absentee Run
Training And Support
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This is a unique opportunity to acquire an existing laundromat, currently up for sale by owner. Located in Gardena, California, this service business is ideally situated within a high-density neighborhood in Los Angeles county, where coin laundry is deemed an essential service due to a high percentage of rental households without in-unit washers and dryers. The business, established in 2005, operates 24 hours a day from a 3653 square feet facility. The current lease will expire in December 2027, with three 5-year options to extend. It is worth noting that the business is currently owner-managed with no employees, contributing to lower operating costs. While the current owner does not have formal financial records available, there is significant potential for growth. The new owner could consider introducing additional services such as fluff and fold or selling detergent. This is an asset sale and as such, no financials or warranties will be provided. The asking price for this venture is $175,000. The current owner is selling to venture into another business. Support and training for the new owner will be provided for 7 days to ensure a smooth transition. This opportunity is perfect for an individual who wishes to actively manage the business, install new equipment, and maximize its potential. Contact the broker for more details. No Financials will be provided.
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