Laundry for sale-Opportunity is knocking

Reseda, CA (Los Angeles County)

Laundry for sale-Opportunity is knocking

Asking Price:$95,000

Cash Flow:$2,000

Gross Revenue:$12,750

EBITDA:N/A

FF&E:$94,000

Inventory:N/A

Lease Rate/Sq. Ft.:$1.81

Established:N/A

Laundry for sale-Opportunity is knocking

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Business Description

Opportunity is knocking. There is room for income growth. Seller will entertain all offers.

Detailed Information

Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Ample parking, all the equipment including washers and dryers, two vending machines
Competition:
The business located right next to cluster of apartment buildings
Growth & Expansion:
There are total of $10746 expenses including utilities and $3000 pay roll paid to 4 part-time employees. The future buyers if committed to work self can save that payroll expenses. There is no convenient store next to this laundry retails sales could be increased. There is potential of getting conditional use permit and operate this laundry 24 hours.
Financing:
No
Support & Training:
Seller to provide two weeks training
Reason for Selling:
got other full time jobs

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Balbir Arora

Business Listed By:
Balbir Arora

Coldwell Banker Greater Valleys

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