Asking Price:$730,000

Cash Flow:$110,000

Gross Revenue:$320,395

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rent:$5,057 per Month

Established:0

Business Description

Well established ALL CARD no coin Laundry.
Top of the line Laundry machines fully automated for Owners ease of operation from almost anywhere via computer, laptop, or cell phone.
Great Cash flow.
Bathroom is card operated.
Soap vending machines (owned) are also card operated.
All washers are still under factory warranty (zero maintenance for new Owner)
Installed a 3rd VTM (Super Diamond Center 5 VTM) to ensure redundancy (no down time)
Replaced boiler with new tankless water heating system
Surrounded by older neighborhood (most old homes were not built with laundry hookup).

Location:
Business is located in a small strip center with 2 small restaurants next door on a well traveled Boulevard in Los Angeles. Laundromat is clean and well maintained. Staff opens the doors early in the morning and closes late at night always making sure everything is clean. Demographics reflect: Based on postal zip code (2 mile radius), there are over 23,000 housing units and population over 100,000.

Equipment: 106 machines
All Newer Speed Queen Card Only washing machines are equipped with touch screen operation for customers ease of use. Fully automated touch screen allows owner to adjust machine cost per load anytime from almost anywhere with Computer, Laptop, or Cell phone. These machines are still under factory warranty.
There are 9 - 20lb; 10 - 25lb; 8 - 30lb; 9 - 40lb; 13 - 60lb; 2 - 80lb; 1 - 100lb. (See attached for more specific information).
All Card Only Dryer machines are double stacked for space efficiency and are easy to operate.
There are 52 - 30lb; 2 - 75lb. (See attached for more specific information).

Recently removed water heating boiler and replaced with 6 new tankless water heaters. This smart tankless system only uses 1 of the tankless heaters until the system recognizes it needs to activate another one.

Yes I said CARD ONLY no coin: Simple customer operation, at the back of the store there are three Card machines. These machines convert cash or credit card to user friendly store card which can be used on all machines Including washers, dryers, vending as well as the restroom.
Card Machines: 2 - VTM machines to convert cash into store card; 1 VTM Super Diamond machine to convert Debit Card, Credit Card, Apple pay, Samsung pay, or Android pay into user friendly store card.

Additional income:
2 - Vending machines with laundry supplies.
1 ATM machine.
1 small rental space currently occupied by a market.

Owners Security:
8 Cameras (6 inside and 2 outside) allow owner to view operation at anytime almost anywhere with computer, laptop, or cell phone.

Attached Documents

Detailed Information

Location:Los Angeles County, CA

Real Estate:Leased

Building SF:4,000

Lease Expiration:7/31/2033

Employees:2

Facilities:Home Based

Financing:Seller may be willing to carry a note with a 50% down paymt to a qualified buyer

Support & Training:Seller is willing to train. with a negotiated term.

Reason for Selling:Consolidating multiple businesses.

Home-Based:This business is Home-Based