100% Absentee Coin Laundry

Pacoima, CA (Los Angeles County)

100% Absentee Coin Laundry

Asking Price:$299,000

Cash Flow:$86,000

Gross Revenue:$300,000

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:N/A

100% Absentee Coin Laundry

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Business Description

100% Absentee ownership. A Turn-key operation. A newly remodeled coin-laundry business with almost 4,000 square feet of space with over 120 machines (dryers and washing machines) located in a densely populated Hispanic area surrounded by lots of apartment complexes and residences in San Fernando Valley area (Los Angeles) is available for sale. The landlord is willing to give a long term lease. Ample parking. All card system in place. No quarters are required. Owner must sell due to unexpected family issue. Lots of potential to increase sales by adding fluff and fold services which the current owner does not do.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
3,890
Lease Expiration:
N/A
Employees:
1 FT 2 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3890 square feet of space with a monthly rent of $6500 including CAM charges
Support & Training:
1 week at 30 hours per week plus additional hours if required
Reason for Selling:
family issue

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Azi Manoussi

Business Listed By:
Azi Manoussi

Azadeh "Azi" Manoussi

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