Contact: John Lee At 415-710-5557 - Also Email This Contact Below
Asking Price: $88,888 Down Payment: Call / Email
Annual SDC: Call / Email
Annual Gross: Call / Email
Business Address: Chinatown Downtown City: Oakland Zip: 94607
Attributes: Broker-Broker Coop, Semi-Absentee Run, Asset Sale
Rare opportunity to own a simple coin-op laundry in downtown/Chinatown Oakland. It's semi-absentee run with owners spending less than 10 hours a week.
The facility has 15 washers, 12 dryers, CCTV, a change machine, a soap vending machine, and a snack vending machine. Washers and dryers are approximately 5 years old. Other machines are newer and in excellent condition.
- Approximately 770 square-foot
- Lease: $1800/mo starting 2022. Expiration: 4/30/2026. The landlord is extremely nice, and possible to get a new lease or add options prior to transfer.
- The owners work about 7-10 hours a week.
Before the 2020 pandemic, the coin-op profit was approximate $2k/mo. Even in 2020, the coin-op was profitable. In late 2020, the owners had a baby thus, revenue declined. More active owner-operators should turn this coin-op around in no time.
Operating expenses: $41.2k
Seller's Discretionary earning (SDE): $22.5k
Average monthly SDE: $1879
Operating expenses: $46.9k
Seller's Discretionary earning (SDE): $24.2k
Average monthly SDE: $2016
Operating expenses: $41.8k
Seller's Discretionary earning (SDE): $6.6k
Average monthly SDE: $553
Operating expenses: $38.4k
Seller's Discretionary earning (SDE): $(3233)
Average monthly SDE: $(323)
Operating expenses: $17.7k
Seller's Discretionary earning (SDE): $592
Average monthly SDE: $118
To get more information about this Laundromat Coin Op - Semi Absentee Run business for sale in
Oakland, Alameda County please phone John Lee - BRE License #:01197640 at 415-710-5557 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #270810 on BizBen.com. In addition to phoning
John Lee, make sure you email John Lee above to get more info about this
Laundromat Coin Op - Semi Absentee Run, to ask any questions or request an appointment to see this
business for sale. Thank you.