Description About This Posting: Coin Laundry Including Property
1. Monthly Gross Sales: $96,740. ( monthly average )
1) Washer & Dryer : $81,800.
2) Vending & Market : $12,000.
3) Water & Others : $2,940.
2. Monthly Expense : $40,361.
1) Gas : $5,800.
2) Water : $11,200.
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 : $240.
9) Mechanic : $800.
10) Attendant : 10,700. ( Usually $7,700. )
11) Nik O Lok : $20.
12) Miscellaneous : $300. ( Phone, TV, Internet )
13) Business License Tax : $50.
14) Alarm : $50.
15) Others : $800. ( Reserved Money - in case )
3. Monthly Operating Net Profit : $56,379.
4. Property Tax & Property Insurance : $3,100.
5. Monthly Net Profit : $53,279.
6. SBA : 20 to 25 %, Down possible to obtain the loan with prime + 1 %.
7. Loan Payment : $25,830. ( At 75 % loan amount of purchase price )
8. Monthly Cash Flow : $27,449. ( For 24 % down, $1,400,000. )
9. There are some new laundries under construction in Los Angeles, that will be disclosed before making offer.
To get more information about this Coin Laundry Including Property 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 Property, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
Chuck Post has 32 years experience in the laundry industry, specializing in assisting laundry buyers (and entrepreneurs) with buying or starting up, building, re-tooling, laundries throughout California. Laundry buyer representation, consulting, due-diligence, lease negotiations, laundry valuations.
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
Chuck Post (Laundry Buyer Rep, Consultant, Due Diligence) discusses what laundry buyers and sellers should consider when reviewing and considering a laundromat lease. A must read for potential laundry buyers and owner/sellers of card and coin operated laundromats. Reach Chuck at 619-227-5711.
Are laundries good investments for buyers? Chuck Post, (at 619-227-5711 - California laundry consultant, due diligence services, and laundry buyer representation) discusses this topic with other advisors & brokers in this BizBen Discussion about laundry investments and if they are good investments.
Read why longer leases increase the value of a card or coin laundromat when buying or selling a laundry. Chuck Post (Laundry Broker, Consultant at 619-227-5711) expands on the topic of lease structures on the purchase or selling of a laundromat. Laundry sellers and buyers will want to read this.
Chuck Post (reach him at 619-227-5711) a laundry consultant, specialty broker, buyer representative & due diligence advisor starts this discussion on why it's important to have an exit strategy in mind while buying a laundromat! He & others explain why this concept is so important to serious buyers.
Laundrys are popular choices among business buyers as they often can be successfully run as an absentee run business. You need to be strategic about when you sell your Laundromat so you don't get taken to the cleaners! Peter Siegel, MBA (at BizBen) provides laundry purchase financing - 866-270-6278.
We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.
Chuck Post (laundry buyer rep, consultant, due-diligence expert) discusses the factors of appraising laundries. Why such high purchase prices is baffling - many times the value is so misunderstood that it results in laundry buyers over-paying for a laundromat. Reach Chuck direct at 619-227-5711.
Looking to buy or start up a card or coin laundromat? PWS Laundry is presenting their schedule of upcoming Seminars for laundry buyers & entrepreneurs. These informative live Seminars will cover an overview of the laundry industry, selecting the right location, an overview of leases, Q&A, plus more.