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.
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.
Related Links & Information Regarding This Posting
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
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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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.
