Clean And Profitable Coin Laundry Laundromat
Location:
United States
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California
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Southern California - All Southern California
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San Luis Obispo
Industry: Business Services > Laundry
Business Summary
Buy A Rapidly Growing Business That Benefits From An Economic Downturn! This Is An All Cash, Recession Proof Business! Description: This Is A Clean, Safe, & Highly Profitable Laundromat For Sale With Three Profit Centers. The Business Is Poised To Grow In These Three Major Profit Centers With Lengthy Secured Contracts & Many Exclusive Relationships With Local Hotels And Vacation Rentals. Our Three Major Profit Centers Include Self-Serve Coin Operated Equipment For Walk-In Customers, Fluff & Fold Service With Both Drop-Off & Pick-Up & Delivery, Commercial Contract Service With Exclusive Multi-Year, Contracts With Local Hotels & Vacation Rentals.
Location: The 5 Cities Boasts A Large Rental Population With 45% Of Residents Renting Their Apartments, Condos, And Homes. That Means This Store Is Well Positioned Within A High Rental Population And Poised For Continued Growth. This Store Is Located On The Busiest Intersection In The City. Because This Store Is The Closest Laundromat To The Beach With The Nearest Laundromat 9 Blocks Away, This Store Is Strategically Positioned To Continue A High Profitability! Located 4 Short Blocks From The Famous Pacific Coast Highway, This Laundromat Is Closest To All The R.V. Parks. The Laundromat Is Strategically Located In The Heart Of The Tourist & Vacationing Crowd.
Hours: 6am-11pm - Doors Open Automatically At 6am.
Equipment:
(21) Top Load Whirlpool Washers.
(9) Wascomat Double Loaders.
(5) Wascomat Triple Loaders.
(1) Wascomat Giant 5 Loads.
(15) Huebsch 30lb. Dryers.
(2) Adc 50lb. Dryers.
(1) Huebsch Originators 50lb. Dryer.
(1) Bulk Candy Vending Machine.
(1) Soap Vending Machine.
(1) Laundry Bag Vending Machine.
(1) Video Game.
(1) Commercial Water Softener.
(2) Boilers W/ 300gal Tank.
(1) Snack Vending Machine.
(1) Soda Vending Machine.
(1) Alarm System.
(1) Automatic Doors Lock/Unlock.
Lease: 6.25 Yrs Remaining With Only 3% Monthly Increase Each New Yr On Well Below Market Lease
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$140,000
Cash Flow:
$70,000
Cash Flow Type: EBITDA
Inventory: $30,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1965
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks (negotiable).
Reason For Selling: Moving.
Click on the "I'm Interested" button above for more information on this Business Services > Laundry business for sale.
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Print Listing Id: 70092104
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