Laundromat: Revenue $337,680, Net $120,636, at $550K, LA

Los Angeles, CA (Los Angeles County)

Laundromat: Revenue $337,680, Net $120,636, at $550K, LA
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Asking Price: $550,000

Cash Flow: $120,636

Gross Revenue: $337,680

EBITDA: N/A

FF&E: N/A

Inventory: $2,500*

Rent: $5,000 /Month

Established: 2012

*not included in asking price.

Laundromat: Revenue $337,680, Net $120,636, at $550K, LA

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Business Description

Coin laundromat in Los Angeles. Independent building. Located at the corner of the busy local street. Surrounded by Hispanic and African-American neighbors. Good parking spaces. Easy run operated by employee. No fluff and fold. Here are more information:
• Gross turnover: $28,140/m
• Net income: $10,053/m
• All-in rent: $5,000, including NNN
• Size: 4000 sq.ft
• Lease: Must apply a new lease in buyer's favor. Note that the seller is landlord
• Emp: 2 PT paying for $2,800 a month
• Hours: 6 am to 10 pm 7 days a week
• FFE: 24 Electrolux dryers,
• 64 Washer combination: 17 Speed Queen (2 x 40 lb, 15 x Topload, 16 x 30 lb Wascomat, 31 Electrolux (2 x 80 lb, 8 x 45 lb, 6 x 60 lb)
• Established for 20 yrs
• Genaral expenses per month:
- Water/Sewer: $3,700/m
- Electric: $1,500/m
- Gas: $1,600/m
- Attendant/Janitor: $2,800/m
- Trash: $233
- Insurance: $200
- Nik O Lok: $20
- Maintenance w/Parts and Mechanic: $100
- Internet / Telephone. $100
- Vending Cost: $500
- Soup: $2.,000
_ Aralm: $35
• For your prompt inquiry, online pdf. NDA (Non-Disclosure Agreement) is conveniently attached
• For more accurate information, contact Kevin Kim at beerealty.kim@gmail.com or visit Bee Investment Inc. at 5730 Beach Blvd. #200, Buena Park, CA 90621

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
2
Facilities:
Vending (Snack, Soda), Video games, Water sale, Nik O Lok, Massage chair, All macines are in good working conditions and well mainteined.
Competition:
Yes
Financing:
N/A
Support & Training:
2 weeks after closing
Reason for Selling:
Retirement
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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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