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Asking Price$495,000
Revenue$310,000 Established2007
Cash Flow$100,000 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
After 8 years of owning the business, the Seller would like to retire.This 3,174 square foot coin laundry is located in the San Fernando Valley. The store is equipped with a great mix of washers of all sizes, as well as a Water Filtration Machine for extra income. This laundromat is immaculately cared for and is located in a densely populated apartment community with additional housing units currently being constructed. CCTV is installed, along with automated door locks and power. Laundry Equipment includes 16 Top Loaders and 27 Front loaders of various capacities and 23 Dryers, 1 Water Filtration System and 2 Change Machines.Lease Information: Monthly Rent: $4,930 (includes NNN), 3,174 sq.ft. Lease Remaining: 1 year (Sept 2016) + two 5 year options.
Training/Support:2 weeks @ 20 hrs per week
Sale Reason:Retirement
Ad #77796
Seller Reference #PASADCA001-N1699
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Gregory Michail
(626) 395-0717
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