Downtown Area Coin Laundry – Established, Spacious, Great Location!

Downtown Area Coin Laundry – Established, Spacious, Great Location!

Los Angeles, CA


Asking 
$329,000
Gross Revenue 
$468,140
Potential Cash Flow 
$120,000

This well-established downtown Los Angeles Area coin laundry with newer eco-friendly
equipment boasts a spacious, high visibility corner main street location that does
remarkable volume. The business has an onsite parking lot and excellent 110, 10 and
Freeway access. It is located in a walk-oriented community that provides local
neighborhood patrons.

Accounts Receivable Included in Asking
No

Facilities

This business is housed in a spacious 700 square foot facility that leases for $9,500 per month plus $1,500 in common area maintenance (CAM) on a lease until 12/2029 with options to be determined. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale.


Competition

While competition exists, this convenient location with onsite parking, excellent freeway access, solid equipment, and customer focused amenities (e.g., ATM, vending and bill changing machines) provide it a competitive advantage over alternative options.


Growth & Expansion

New operators will likely want to evaluate various industry proven measures to improve this 20 year old laundromat. This may include the addition of services (e.g. fluff and fold, on-demand tie-ins, etc.), equipment or amenity upgrades and more!


Support & Training

As negotiated


Reason for Selling

Personal


Browse More Opportunities