Absentee Operated Coin Laundry w/New Equipment

Los Angeles, CA (Los Angeles County)

Absentee Operated Coin Laundry w/New Equipment

Asking Price:$375,000

Cash Flow:$70,000

Gross Revenue:$180,000

EBITDA:N/A

FF&E:$415,000

Inventory:$1,000*

Established:2010

*not included in asking price.

Absentee Operated Coin Laundry w/New Equipment

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Business Description

This absentee operated coin laundromat boasts a substantial amount of brand new high value commercial laundry equipment and has been designed with customer comfort in mind! The impeccably clean location provides its loyal client base the latest and greatest in equipment including 46 brand new Maytag washing machine, 46 Maytag dryers, a state of the art ESD Card System, 5 surveillance cameras on an ADT computer system, 3 air pumps, 2 flat screen televisions, vending machines, an automatic teller machine (ATM) as well as a family friend children’s play area. The bustling business is conveniently located in a high traffic shopping center that is across from the busiest supermarket in the area. The shopping center has ideal freeway access, complementary neighbors, and is in a neighborhood that is ideal for a successful coin-operated laundromat operation!

Detailed Information

Inventory:
Not included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 2,950 square foot laundromat leases for $4,000 per month including common area maintenance (CAM) expenses on a lease that does not expire until 2033! All of the business’s furniture, fixtures and equipment will be included in the sale except for those few items that are typically on lease.
Competition:
Given the ideal demographic of the area, this coin operated laundromat naturally faces competition. That said, its convenient location with great freeway access, large parking lot, complementary neighbors and late model state of the art equipment provide it a unique and long term competitive advantage. While each of these favorable attributes will attract new customers, the venue’s customer focus should help insure a high customer retention rate.
Growth & Expansion:
As this location is already successful, new operators will likely wish to stay on the same course when it comes to customer offering and allowing the bustling business to reach its natural growth potential. New operators may still wish to engage in a heavy direct mail marketing campaign, offer receipt based coupon offering via strategic partnerships with nearby markets or such, launch a website or engage in a pay per click program to bring it to the attention of new customers, or even do rudimentary auto windshield flyers in nearby parking lots or at apartment complexes to further drive traffic. Implementing a customer loyalty program can also help to retain customer!
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Other business ventures

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Vladimir Tuchinsky

Business Listed By:
Vladimir Tuchinsky

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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