Posting Details

Coin Laundry With Property For Sale - Los Angles Area

1. Monthly Gross : $73,000. ( Monthly Average )
1) Wash & Dry : $61,000.
2) Vending & Market : $9,000.
3) Others : $3,000. ( Water, Video etc.)
2. Monthly Expense : $30,800.
1) Gas : $4,800.
2) Water : $7,600.
3) Electric : $2,600.
4) Trash : $400.
5) Insurance : $700. ( Business )
6) Equipment Tax : $500.
7) Vending Cost : $4,500. ( 50 % of sales at Vending & Market )
8) Mechanic & Part : $800.
9) Attendant : $7,800.
10) Alarm : $50.
11) Biz Tax :$50.
12) Reserved Expense : $1,000. ( Including Miscellaneous )
3. Monthly Net Profit : $42,200.
4. Maintenance Expense for property : $2,700. for property tax & insurance.
Buyer need to consider property tax & insurance after purchasing.
5. Monthly Cash Flow before debt service : $39,500.
6. SBA, possible for buyer with 20 - 25 % Down.
7. So loan amount can be $2,625,000. & Down can be $875,000.
8. Loan Payment : $16,143. monthly payment to loan.
9. Monthly Net Cash Flow : $23,357. after loan payment.
10. Asking price, $3,500,000. can be allocated at $1,700.000, for property & $1,800,000. for business.
11. There are some laundries under construction in Los Angeles, that will be disclosed before buyer making offer.
The listing # 240262 Coin Laundry With Property - Los Angles Area below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Coin Laundry With Property in Los Angles Area please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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