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Advert Ref: 11734sfv

Coin Laundry For Sale

Details: Asking price:$199,000; Sales revenue:$100,000; Net profit:< $250k; Fixtures value:$150,000; Inventory value:Undisclosed

Business description: This is truly a one-of-a-kind opportunity! Very nice coin laundry with great Fluff and Fold business for immediate sale located in a desirable west San Fernando Valley location. Unique, upscale customer base and clientele including customers from local apartments, Malibu, local domestic employees and commercial accounts. Approximately 2000 sq. ft. of space in small strip center with long term lease.Equipment well maintained including: (22) Maytag top-loaders; (6) 18lb., (6) 35lb. and (2) 50lb. Wascomat stainless-steel side loading washers; plus (14) Wascomat 2-stack dryers and (2) 50 lb. Wascomat jumbo dryers and custom folding tables. Laundry has State of the Art 4- camera digital surveillance system, automatic door locks and 3rd-party maintained video games and soda vending. Sellers currently negotiating contract with a new commercial client providing approximately 3500 lbs./week. Goldmine for the right individual! Seller has personal/family commitments and obligations and is very motivated.

General information: Years established:1991; Trading hours: M-F 6am-10pm; Real Estate: Lease; Reasons for selling:Owner to complete masters