Established Coin-Operated Laundromat in San Fernando Valley

San Fernando, CA (Los Angeles County)

Established Coin-Operated Laundromat in San Fernando Valley

Asking Price:$430,000

Cash Flow:$100,000

Gross Revenue:$310,000





Established Coin-Operated Laundromat in San Fernando Valley

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Business Description

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.

Detailed Information

3,174 sq ft
Support & Training:
2 weeks @ 20 hrs per week
Reason for Selling:

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Gregory Michail

Business Listed By:
Gregory Michail

Sunbelt of Pasadena

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Sponsoring Broker:
Angelica Michail, MBA, CBB, CBI

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