Coin Laundromat Business for Sale in Eagle Rock
BizBuySell Ad #: 282893
Location: Los Angeles, Los Angeles County, California 90041
Primary Category: Services - Drycleaning/Laundry
Date Listed: 2/19/7
Financial Information
Asking: $399,000
Gross: 90,000
Cash Flow: $60,000
Summary Description
Coin Laundry business well established from the year of 2000 with high tech security system open 7 days per week and 365 days per year. Business located in beautiful location and safe neighborhood shopping plaza on Colorado Blvd. close to Pasadena and Glendale both. Coin Laundry has equipped with internal alarm system and cameras. Door is automatically open and close every day. The Laundry has 42 newer washers and dryers plus vending soap machine and all other necessary machines and equipment. Monthly rent and maintenance together is only $3,013 and net income 60,000 annually. lease is until 2010 and 15 years (5+5+5) option to continue. This is an all cash business with a high return on investment! The benefits are: - Average 15%-25% cash-on-cash ROI Perfect Part-time/Retirement Business - NO Inventory - NO Receivables - Excellent Tax Advantages - Virtually Recession-Resistant - High Re-Sale Demand - Turn-Key Business. Typically requires 35%-50% down payment. Agent will provide greater detail about business.
General Information
Facilities: Nice Shopping Plaza on Colorado Blvd safe area
Support/Training: 2 weeks - 10 hours per week
Reason Selling: Relocation
Year Established: 2000
Employees: 0
Co-Broker Information
Co-Broker Share: 30%
Commission: 10%
Contact Information
Contact: Peyman Karami
Phone: (818) 300-3005
Email: Peyman@FirstRealtor.net
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