24-hr Loundromat: Rev $540K, Net $235K, Help-run, SBA, at $1.15M, LA

Los Angeles, CA (Los Angeles County)

24-hr Loundromat: Rev $540K, Net $235K, Help-run, SBA, at $1.15M, LA
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Asking Price: $1,150,000

Cash Flow: $235,000

Gross Revenue: $540,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,950 /Month

Established: 2005

24-hr Loundromat: Rev $540K, Net $235K, Help-run, SBA, at $1.15M, LA

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Business Description

• Laundry business in a strip mall location with a good visibility with dense population and high tenant demographics.
• Note that this is 24 hour operation
• 18-year long term lease in place
• Here's a brief business information
(1) Monthly gross sales are about $45,000
(2) Monthly net income possible is $19,500
(3) All-in gross rent is $4,950, including 3 Nets
(4) 10-year long-term lease + 10-year option
(5) Premise size is approx. 4500 sq. ft
(6) Monthly utility bills, including water bills are $12,500
(7) There are four (4) part-time janitors/attendants
(8) Wages are $4,500/mo
(9) All machines are in a good working condition
• For more information, contack Kevin Kim at beerealty.kim@gmail.com

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
8/31/2036
Employees:
4 PT
Competition:
Local coin laundromat
Financing:
None
Support & Training:
Two weeks after closing an escrwo
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

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