Laundromat For Sale

Pomona, CA (Los Angeles County)

Seller Financing Available
24 HOURS LAUNDRY
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Asking Price: $1,020,000

Cash Flow: $156,000

Gross Revenue: $240,000

EBITDA: N/A

FF&E: $230,000

Inventory: $600

Rent: $3,000 /Month

Established: 1975

Laundromat For Sale

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Business Description

PRICED TO SALE NEGOTIABLE

Over the past 70 years, the coin-op laundry industry has developed into one of the most reliable end efficient sources of revenue for many investors and entrepreneurs. The coin laundry business generates over five billion dollars in revenue annually, each laundry capable of generating over $300, 000 per year. In addition to the financial benefits of coin-op laundries, there is also the social benefit of providing clean clothes, a basic health service, to millions of people.

NEWLY RENOVATED LAUNDROMAT
NEW BULKHEAD AND FOLDING TABLES
BRAND NEW 2019 MACHINES, BRAND NEW BOILER
GROSS MONTHLY REVENUE-20K
NET MONTHLY REVENUE-13K
SAME LOCATION SINCE 1970'S
20YR LEASE OPTION
2000 SQUARE FT
OFFICE AND VENDING MACHINES

Attached Documents


Detailed Information

Location:
Pomona, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/1/2034
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
LOCATED IN BUSY SHOPPING CENTER WITH GREAT PARKING
Competition:
NO COMPETITION IN A 5 MILE RADIUS
Growth & Expansion:
POTENTIAL FOR MORE INCOME BY IMPLEMENTING THE FLUFF AND FOLD
Financing:
CONTACT FOR DETAILS
Support & Training:
2WEEKS
Reason for Selling:
MOVING ON TO NEW INVESTMENT
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Business Listed By:
CLAY BARNETT

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