Established Pasadena Self & Full Service Laundromat - Prime Investment Opportunity
This well-positioned laundromat in Pasadena, CA offers an exceptional investment opportunity with modern equipment and strong fundamentals. Established in 2022, the business operates with all new Electrolux Compass Control washers and dryers featuring the advanced Spyder Wash Pay system, providing customers with state-of-the-art laundry technology.
Financial Performance:
- Annual Revenue: $312,156
- Cash Flow (SDE): $157,428
- Strong 50% cash flow margin demonstrates excellent profitability
- Inventory valued at $500
Operational Excellence:
- Absentee owner operation requiring minimal hands-on management
- Efficient staffing model with two part-time employees and cleaning person totaling only 20 hours weekly
- Self-service model provides consistent revenue with growth potential
- Full-service capabilities expand revenue opportunities
Location & Facility:
- 1,450 square feet in established Pasadena market
- Long-term lease security through January 1, 2041
- Monthly lease rate of $4,480
- Stable customer base in well-established neighborhood
- Mixed customer demographics support both self and full-service concepts
Growth Potential:
- Current owner notes significant room for revenue expansion
- Area economics strongly support full-service laundry concept
- Additional owner involvement could substantially increase current revenues
- Modern equipment attracts quality customers and reduces maintenance costs
The seller, who owns multiple laundry operations, is divesting due to other business interests. Post-sale support available as needed. Financing estimated at 30-40% down payment.
This turnkey operation combines newer modern equipment, stable cash flow, and significant growth potential in one of Los Angeles County's most desirable markets.
Ad#:2432998
