This very successful, money maker business had a Gross Income of $468,000 in 2014 (verified by Tax Records) and had a reported Net Income of just under $100,000., plus the owner takes out another $25,000 in salary.
There is a long term lease available. Some nearby competitors have recently gone out of business.
This is 2000 SF with very clean condition. Current owner has full time job and only go there once a week to collect coins. They don't do any promotion and don't do any advertising for the business because they don't have time.
For new owner, you can grow the business by adding selling more stuffs like lotto, cigaret etc since they has a retail license and a room but only sell soap and detergent. Also you can get some contracts from business around.
20 years Laundromat, current owner has the business for 11 years. They did a good job to maintain this place clean and neat.
They did a lot of upgrades, bought some new machines, Bought a brand new Water Softener machine, a new Water Tank, Backflow, two Air Conditioners on the Roof.
Location Location Location !! Coin Laundromat for sale in hearth of Hollywood Los Angeles. Next to Hospitals (Kaiser, Children s) excellent potential for fluff and fold service.
Surrounded with apartment buildings without washers and dryers.
Very busy Laundromat with proven records. New remodeled beautiful shopping center . Very good rent - $5100 (including comp charges) and lease for 2200 sqf.
Current lease ends on September 2017
Lease options (5x5) are available. All equipment 2007-2009 Digital CCTV camera system.
New Hot water tank (365 gallon) and Water boiler coil.
**PRICE REDUCED UPSCALE AND CLEAN LAUNDROMAT business and building for sale. Full financials upon request.
SERIOUS CALLERS ONLY. Not only does this building house the laundromat but there is enough square footage to expand the laundry operation ( hookups are already built in )
OR add a second income producing business at same location. We are also a drop off/pick up store for dry cleaning.
PRICE NOT SET IN STONE-PRICE REDUCED