24-hr Coin Laundry, High-Rev $540K, Net $234K, at 1.1M, LA

Panorama City, CA (Los Angeles County)

24-hr Coin Laundry, High-Rev $540K, Net $234K, at 1.1M, LA
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Asking Price: Get Financing: $1,100,000

Cash Flow: $234,000

Gross Revenue: $540,000

EBITDA: N/A

FF&E: N/A

Inventory: $3,000

Lease Rate: $1.11 /SF/Month

Established: 2010

24-hr Coin Laundry, High-Rev $540K, Net $234K, at 1.1M, LA

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Business Description

Well-structured Coin Laundromat business located in the corner of a strip mall that is well exposed to major traffic. 24 hour-running.
Monthly Gross Revenue is $45,000
High net income is $19,500/mo
Very reasonable rent is $4,995/mo, including NNN
Long term lease: 3 years remaining plus 15 yr-option
3 attendant/Janitor work, and one owner works six hours a day for 5 days a week
Open 24 hours
Good parking in front
SBA loan w/30% down

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
2/28/2021
Employees:
3
Competition:
No
Support & Training:
Two weeks after closing
Reason for Selling:
Retirement
Contact Seller

Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

Show Phone Number

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