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For Sale: Coin Laundry Including Real Estate - Los Angeles Area


Current Status: Active     Posting #: 240277     Last Refreshed: 8/1/20    
Contact: Kenneth JY Kim At 213-446-2615  -  Also Email This Contact Below
Price:  $5,200,000     Down:  $20% - 25 %     Adjusted Net:  $639,000     Revenue:  $1,160,000    
Attributes:  Training & Support, Real Estate Included, Real Estate Available     Cooperation With Brokers?  No

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  Description About This Posting: Coin Laundry Including Real Estate
1. Monthly Gross Sales: $93,740. ( monthly average )
1) Washer & Dryer : $78,800.
2) Vending & Market : $12,000.
3) Others : $2,940.
2. Monthly Expense : $41,671.
1) Gas : $4,800.
2) Water : $9,200.
3) Electric : $3,200.
4) Trash : $201.
5) Insurance : $500.
6) Equipment Tax : $500. ( Unsecured Property Tax )
7) Vending Cost : $6,000. ( 50 % of sales from vending & market )
8) Vending Equipment Lease : $350.
9) Mechanic : $800.
10) Attendant : 11,700. ( Optimal wage)
11) Nik O Lok : $20.
12) Miscellaneous : $300. ( Phone, TV, Internet )
13) Business License Tax : $50.
14) Alarm : $50.
15) Others : $1,000. ( Reserved Money - in case )
3. Monthly Operating Net Profit : $52,069.
4. Property Tax & Property Insurance : $3,100.
5. Monthly Net Profit : $48,969
6. SBA : 20 to 25 %, Down.
7. Loan Payment : $22,830. ( At 75 % loan amount of purchase price )
8. Monthly Cash Flow : $26,139.
9. If the escrow is closed before 9/27/2020, government will pay for 6 months loan payments instead of the buyer.

To get more information about this Coin Laundry Including Real Estate business for sale in Los Angeles Area please phone Kenneth JY Kim (Agent) at 213-446-2615 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #240277 on BizBen.com. In addition to phoning Kenneth JY Kim, make sure you email Kenneth JY Kim above to get more info about this Coin Laundry Including Real Estate, to ask any questions or request an appointment to see this business for sale. Thank you.

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