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For Sale: Coin Car Wash With Coin Laundry, Real Estate - Los Angeles County


Current Status: Active     Posting #: 262975     Last Refreshed: 8/1/20    
Contact: Kenneth JY Kim At 213-446-2615 , 213-272-1991  -  Also Email This Contact Below
Price:  $6,100,000     Down:  $1,300,000     Adjusted Net:  Call / Email     Revenue:  Call / Email    
Business Address:  None Given     City:  Los Angeles     Zip:  None Given    
Attributes:  Training & Support, Real Estate Included, Real Estate Available     Cooperation With Brokers?  No

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For Best Results & Response, Email & Phone This Contact: Kenneth JY Kim at 213-446-2615 and 213-272-1991.

  Description About This Posting: Coin Car Wash With Coin Laundry, Real Estate
4,000. sqf. coin laundry combined with 4 bays coin car wash.

Coin Laundry

Monthly Gross Sales : $76,156. ( Monthly Average for 7 months )

Washers : $63,352.
Vending & Market : $12,204. ( Cost of Good : 60 % )
Others : $600. ( No cost items )

Monthly Expenses. ( Optimal expenses in normal operation )

Wage : $10,000. ( $13.25 minimum wage, 24 hours, 31 days)
Water : $3,252. ( About 40 % lower than City of Los Angeles)
Gas : $4,391.
Electric ; $2,491.
Cost of Good : $7,322. ( 60 % of market & vending sales )
Mechanic : $500. ( Parts are warranty for 3 years after opening )
Unsecured property tax : $700.
Trash : $350.
Sales Tax : $500.
Insurance for Business : $600.
Workcom : $400.
Miscellaneous : $500. ( Internet, TV, Alarm )
Reserved for taxes & others : $2,000. ( Sales tax, payroll tax etc.)
Total : $33,006. ( Monthly expenses in normal operation )

3. Monthly Operating Profit from coin laundry : $43,150

Coin Car Wash

1. Monthly Gross : $22,000. ( in summer )
2. Total expenses : $5,515.
3. Monthly Operating Profit : $16,485.

Total monthly operating profit from coin car wash & laundry ) $59,635
Property tax : $4,000. on a monthly basis.
Property Insurance : $700. on monthly basis.
Net profit on a monthly basis : $ $54,935

Strong Points

1. New facilities : Potential to increase monthly sales for both sales.
2. Coin car wash sales will be increasing rapidly year by year.
3. Very good synergy effect from the combination of laundry & coin car
wash.

Financing

1. About 20 % down payment to get SBA loan.
2. About 4.75 % interest rate with 25 amortization.
3. 6 monthly loan payments including principals will be supported by government, if closed before 9/27/2020. So, 1031 exchange will be good.

To get more information about this Coin Car Wash With Coin Laundry, Real Estate business for sale in Los Angeles County please phone Kenneth JY Kim (Agent) at 213-446-2615 and 213-272-1991 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #262975 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 Car Wash With Coin Laundry, Real Estate, to ask any questions or request an appointment to see this business for sale. Thank you.

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