Card Laundromat for Sale in East LA (off 5 & 10 Freeway)
| Asking Price: | $590,000 |
| Gross Revenue: | $369,288 |
| Cash Flow: | $109,392 |
| Rent: | $7,298/Month |
2,800 sq ft. Free Standing Building
* Reason for selling: It is under partnership, and both partners do not have time to manage a laundromat. Both partners have a primary job, other businesses and busy with family events. The long distance from home is a part of a reason why we decided to sell. We live 60 miles away. With heavy traffic, it can take more than 2 hours just for one way trip.
* We are estimating that having attendants for 10 hours per day would suffice running this size of a laundromat. $5,253 is based on 10 hour per day at a current minimum wage $17.28.
* Speed Queen equipment(all 2012, Quantum Gold, ESD Payment System) is energy efficient. It controls water levels, and parts are cheaper compared to other brands.
* Great location with lots of renters.
* We have a service tech who visits our laundry once a week. It is a month-to-month contract.
* Seller financing is not possible. Eastern Funding or Alliance Laundry Systems would be an option.
* We will train the buyer.
