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Los Angeles County, California
Wash and Dry Route
Asking Price
$355,000
Revenue
$224,882
Down
$355,555
Cash Flow
$110,869
Description
apartment building laundry rooms, collects the revenue and pays a portion of that revenue to the
owners of the buildings. This business was established around 2009 and was purchased by the current
owner in 2020. This business is operated by one person and a contracted service person. The current
owner spends about 15 hours a week going to the locations of the machines and about another 5
hours a week on the accounting.
The company has contracts with the owners and management companies that allows the company to
earn revenue from the laundry machines.
This business is great for a current Laundromat owner looking to add on to their business or a small
business owner looking to get into the laundry route business. This is also available for a larger route
company to acquire. The laundry Route business is a steady and reliable business with much upside in
the future.
If you are looking to get into a cash flowing business that is up and running this could a good fit for an
energetic person. This business is simple but not easy. It has challenges that center
around dealing with tenants using the machines and maintaining the service and repairs of the
machines.
WAND Laundry has 228 Laundry machines (Washers and Dryer) located in numerous locations.
There is one owner operator that contracts the service repairs through a partner company. JB Service and installs.
They handle a portion of the service requests and warrenty work. Currently WAND Laundry is charged $100.00
per service call plus any parts that are not under warranty. Many of the machines are still under warrenty. The
owner does several service calls each week and JB Services and Installs averages 8 service calls per month.
There are several brands of machines in our locations. Speed Queen, Maytag, and LG are the brands of washers
and dryers and the payment systems consist of ESD, PayRange and ShinePay.
Business Details
Year Established:
2009
Employees:
1
Support & Training:
Seller will train
Property Information
Premises Details:
Numerous locations
Lease & Tenant Information
Lease Options:
$1
Posting Information
Posting ID:
6916126
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Attributes:
Semi Absentee Run
Training And Support
Virtual (No Physical Location)
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
Wash and Dry Route
Posting ID
#6916126
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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WAND Laundry is a Laundry machine Route Business. The company supplies washers and dryers into apartment building laundry rooms, collects the revenue and pays a portion of that revenue to the owners of the buildings. This business was established around 2009 and was purchased by the current owner in 2020. This business is operated by one person and a contracted service person. The current owner spends about 15 hours a week going to the locations of the machines and about another 5 hours a week on the accounting. The company has contracts with the owners and management companies that allows the company to earn revenue from the laundry machines. This business is great for a current Laundromat owner looking to add on to their business or a small business owner looking to get into the laundry route business. This is also available for a larger route company to acquire. The laundry Route business is a steady and reliable business with much upside in the future. If you are looking to get into a cash flowing business that is up and running this could a good fit for an energetic person. This business is simple but not easy. It has challenges that center around dealing with tenants using the machines and maintaining the service and repairs of the machines. WAND Laundry has 228 Laundry machines (Washers and Dryer) located in numerous locations. There is one owner operator that contracts the service repairs through a partner company. JB Service and installs. They handle a portion of the service requests and warrenty work. Currently WAND Laundry is charged $100.00 per service call plus any parts that are not under warranty. Many of the machines are still under warrenty. The owner does several service calls each week and JB Services and Installs averages 8 service calls per month. There are several brands of machines in our locations. Speed Queen, Maytag, and LG are the brands of washers and dryers and the payment systems consist of ESD, PayRange and ShinePay.
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