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San Fernando, Los Angeles County, California
Sick & Retire , Lot of Potential , Accurate Sales & Income.
Asking Price
$430,000
Revenue
$450,000
Down
$150,000
Cash Flow
$90,000
Description
This coin laundry business occupies a generous 4,000 square foot facility situated on a high-visibility corner in Los Angeles County, positioning it perfectly for exceptional growth and customer footfall. The business has been prudently managed and nurtured by the current owner, Steve Kim, who has built a strong reputation for maintaining accurate, transparent financial records, thereby ensuring a seamless transition for the new owner.
Under owner-operation, this business has the potential to generate over $10,000 in monthly net income, offering a solid return on investment. Furthermore, this business is not just about financial returns; it is about acquiring a stable and promising venture in the thriving service sector.
If you're a first-time buyer looking for an established and profitable business with a lot of potential for growth, this coin laundry business is an excellent opportunity. The current owner is ready to retire due to health reasons, and this creates an exceptional chance for you to capitalize on their years of hard work and investment.
Don't miss this rare opportunity to become a successful business owner in a bustling California locale. Contact Steve Kim today at +12138805688 or stevekim223@yahoo.com for more details and to discuss this exciting business proposition.
Business Details
Year Established:
20
Employees:
2
FE&E:
To be provided
Reason for sale:
Sick & Retire
Property Information
Size in Square Feet:
4,000 sqft
Lease Terms:
5 years +5 years +5 years
Premises Details:
Pacoima is a historic neighborhood in the northeast San Fernando Valley , Los Angeles.
Lease & Tenant Information
Lease Options:
$10,200
Posting Information
Posting ID:
1719912
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Attributes:
E-2 Visa Eligible
Home Based
SBA Loan Pre-Qualified
Semi Absentee Run
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Sick & Retire , Lot of Potential , Accurate Sales & Income.
Posting ID
#1719912
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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This is a unique opportunity to acquire an existing laundromat, currently up for sale by owner. Located in Gardena, California, this service business is ideally situated within a high-density neighborhood in Los Angeles county, where coin laundry is deemed an essential service due to a high percentage of rental households without in-unit washers and dryers. The business, established in 2005, operates 24 hours a day from a 3653 square feet facility. The current lease will expire in December 2027, with three 5-year options to extend. It is worth noting that the business is currently owner-managed with no employees, contributing to lower operating costs. While the current owner does not have formal financial records available, there is significant potential for growth. The new owner could consider introducing additional services such as fluff and fold or selling detergent. This is an asset sale and as such, no financials or warranties will be provided. The asking price for this venture is $175,000. The current owner is selling to venture into another business. Support and training for the new owner will be provided for 7 days to ensure a smooth transition. This opportunity is perfect for an individual who wishes to actively manage the business, install new equipment, and maximize its potential. Contact the broker for more details.
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Sick & Retire , Lot of Potential , Accurate Sales & Income.
$ 430,000
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Located in the vibrant city of San Fernando, California, this impressive coin laundry business presents a remarkable opportunity for a new owner. Having been purchased 13 years ago by the current owner for $670,000, it now stands as a testament to its robust growth and profitability. This coin laundry business occupies a generous 4,000 square foot facility situated on a high-visibility corner in Los Angeles County, positioning it perfectly for exceptional growth and customer footfall. The business has been prudently managed and nurtured by the current owner, Steve Kim, who has built a strong reputation for maintaining accurate, transparent financial records, thereby ensuring a seamless transition for the new owner. Under owner-operation, this business has the potential to generate over $10,000 in monthly net income, offering a solid return on investment. Furthermore, this business is not just about financial returns; it is about acquiring a stable and promising venture in the thriving service sector. If you're a first-time buyer looking for an established and profitable business with a lot of potential for growth, this coin laundry business is an excellent opportunity. The current owner is ready to retire due to health reasons, and this creates an exceptional chance for you to capitalize on their years of hard work and investment. Don't miss this rare opportunity to become a successful business owner in a bustling California locale. Contact Steve Kim today at +12138805688 or stevekim223@yahoo.com for more details and to discuss this exciting business proposition.
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