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Amazing OC Location On Main Street of Old Town.

Placentia, CA
listing image
Asking Price:$1,995,000
Gross Revenue:$153,710
EBITDA:$105,817
Real Estate:$2,500,000
Cash Flow:$105,817
Inventory:$10,000
FF&E:$200,000
Established Year:2001
Listing ID: 2241663Listing provided by BizBuySell
BUSINESS DESCRIPTION

Newly renovated coin laundry on main street of old town has been a staple in the neighborhood for over 23 years. Prime location with ample parking. All the equipment is in clean working condition. Absentee owner, lots of ad value for a new owner operator. Laundromat business is sold with real estate. Total building is 3750 sq ft. Total of 7 units. Rare & Unique Opportunity! Mixed use residential and commercial including the laundromat and all equipment. Great opportunity to own & grow your own business, own the building (save on rent paid to a landlord) & collect rents from your own tenants (because you are now the landlord). WIN! WIN! WIN! Monthly Income: Laundromat: $5,564/mo. & 6 Rental units: $7,245/mo. Total Income: $153,710/yr.

DETAILED INFORMATION
Location
Placentia, CA
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,750
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All equipment is owned free and clear. Value is $200,000. 23 Speed Queen front load washers of various sizes. 18 Speed Queen dryers. 4 Laundry carts. 1 seven slot Soap Stop Vending Machine 2 Coin hoppers. Boiler & 340 gallon water storage tank. 2 large folding tables and seating. 1 television. 2 Ceiling fans. Office desk and chair. Coin counter.
Competition
This recently renovated coin laundry is the only laundromat on the main street of old town with loads of parking and many residents living within walking distance. Located in the center of a major city approved neighborhood renovation/revitalization and new Metro Station will ensure a large increase in customers.
Growth & Expansion
Huge ad value opportunity for owner operator to increase revenue by adding services, ie: wash and fold, food/beverage vending, still space to add more washers, increase operating hours, etc. Principals only.
Financing
Conventional, private or sba.
Reason for Selling
Retiring/relocating.
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RJ Kas
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RJ Kas
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