Price: $795,000
Location: Los Angeles County
Industry: Laundromats and Coin Laundry
Listing ID: 5748 WP
Listing Status: New
Built in 2008 by PWS, this coin laundry does not accept cards; it only takes cash. There are currently 3 employees doing all the work, and the owners are absentee; however, the Net Profit is adjusted as if they were running the business without any employees for valuation purposes.
The current owners spend about $70,000 in payroll, which was added back to their net profit. All equipment is up to date, and the business runs smoothly. The location is prime, with customers around the clock, and it is located across the street from the Sheriff's Station.
There's ample parking and easy access. 36 Washers and 39 Dryers, plus 1 Snack/Soda and 2 Soap Vending Machines.
Seller is motivated to sell. The sale is CONFIDENTIAL, so please do not disturb the employees typically working mornings and evenings.
OFFICE ID 5748 WP
Down Payment: $795,000
Total Sales: $364,000
Cash Flow: $202,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: N/A
Inventory Included: No
Year Established: 1962
Year of last Acquisition: 18
Days & Hours of Operation: 7 Days 6am-11pm
Owner Hours Per Week: Full Time
Non-Owner Payroll: N/A
Employees: 0
Absentee Owner: No
Security on Lease: Yes
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $5,422
Type of Location: Strip Center
Square Footage: 3100
Franchise: No
Reason For Sale: Retire
