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Huge Coin Op Laundromat - Very Long Term Lease
Location: United States -> California -> Southern California - Los Angeles Area -> South Gate
Industry: Business Services > Laundry

Business Summary

Busy Location In South Gate!
Located In A Busy Shopping Center!
Huge Facility With Some New Machines!
Building Size 7,000 Square Feet!
Has Over 100 Commercial Grade Equipment!
Includes 50 LBS And 80 LBS Washers!
Current Rent $4,900 Monthly!
New Owner Can Negotiate Rent With Landlord!
Landlord Has Agreed For Negotiation!
Seller Has A Medical Professional In Hospital! .
Currently Paying High Payroll.
Seller Has No Time To Manage!
Currently Doing No Advertising Whatsoever!
Needs To Sell This Laundromat!

Currently 100% Absentee Ownership.
Seller Just Reduce The Price By $50K!
Owner Operates Will Reduce Payroll And Be Profitable!
Part New Machines Purchased in 2011!
Other Equipments About 5 Years Old!
Perfect For Family Run!
Landlord Has Agreed To Negotiate Rent!
20 Years Long Term Lease!
Opens 7 Days A Week From 6am - 10pm!
Lot Of Potential For Advertising & Marketing!

Location: South Gate, CA
Asking Price: $175,000
Annual Gross: $125,000
Annual Net: $50,700
FF&E: $8,000
Owner Since: 2011
Employees: 2 Part Time
Real Estate: Not Included
Reason For Sale: Family Issue Cannot Manage


Financing Provided By Pacific Premier Bank. Call BIZ Builder.Com For Complete Details! Toll Free 1-800-727-2100 Option 1 [Real Estate Department].

BIZ Builder.Com


Asking Price Range:  $250K - $500K
Gross Revenues:   $175,000
Cash Flow:   $50,700
Cash Flow Type:  EBITDA
Inventory:  $8,000
Seller Financing:  Yes

About The Business

Year Established:  2011
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will support during escrow.
Reason For Selling:  Family issue cannot manage.


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Huge Coin Op Laundromat - Very Long Term Lease Photo 1 Huge Coin Op Laundromat - Very Long Term Lease Photo 2

Print Listing Id: 700189672
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