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For Sale: Laundromat Coin Op - Semi Absentee Run - Oakland, Alameda County

NDA   |  

Current Status: Active     Posting #: 270810     Last Refreshed: 6/23/22    
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.

Lease Summary:

- 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.

Financial Summary:

Revenue: $63.7k
Operating expenses: $41.2k
Seller's Discretionary earning (SDE): $22.5k
Average monthly SDE: $1879

Revenue: $71k
Operating expenses: $46.9k
Seller's Discretionary earning (SDE): $24.2k
Average monthly SDE: $2016

2020: Pandemic
Revenue: $48.35k
Operating expenses: $41.8k
Seller's Discretionary earning (SDE): $6.6k
Average monthly SDE: $553

Revenue: $35.1k
Operating expenses: $38.4k
Seller's Discretionary earning (SDE): $(3233)
Average monthly SDE: $(323)

2022 (Jan-May):
Revenue: $18.2k
Operating expenses: $17.7k
Seller's Discretionary earning (SDE): $592
Average monthly SDE: $118

DRE#: 01844351

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 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.

Oakland, Alameda County Laundromat Coin Op - Semi Absentee Run Business For Sale Laundromat Coin Op - Semi Absentee Run Company For Sale Oakland, Alameda County Laundromat Coin Op - Semi Absentee Run Companies For Sale

Email John Lee Below About This Posting

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For Best Results & Response, Email & Phone This Contact: John Lee at 415-710-5557.

Featured Fast Track Postings: Motivated Owner/Sellers & Business Buyers

Wanted: Coin Or Card Laundromat In Alameda, Contra Costa Counties, California
Contact: Leira - Business Buyer: 510-952-7004 Cell, 510-952-7004 Text
Status: Active  Posting #: 273407  Refreshed: 6/21/2022
Attributes: Broker-Broker Coop, Relocatable, Lifestyle, Semi Absentee Run, Absentee Run, Training And Support
Fast Track Posting ProBuy The coin or card laundromat should be priced about $400K or less. I have $100K for possibly a down payment and pre-approved SBA financing. I am looking to make $90K or more per year after debt service of my loan. The rent must be reasonable and should have good books and records to prove income.
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