Description
This laundromat was professionally developed 15 years ago. The equipment is all working and in generally good condition considering the age. The laundry shows exceptionally well and is loved by its community. A 20-year lease is available. The market area is heavily Hispanic. Most are English speaking. All of the benefits of a Hispanic market area are present here. The business is now operated self-service with only a few ancillaries. The market area is prime for a fluff & fold, especially with a pick-up and delivery operation. There is also plenty of available space to add this and more vending as well. Adding fluff & fold and other ancillaries will add revenue.
There is a lease requirement to replace a minimum of 200k in new equipment and upgrades, which is a condition of the lease (PBI worksheets and projections are available to qualify PBI client investors). Monthly average sales are approximately $35,000, with profits in excess of $60,000.
To get more information about this Self Service Laundromat - Established 15 Years business for sale in San Diego, California please contact Seller at pbibroker@yahoo.com