Los Angeles Laundromat and Wash and Fold Service For Sale

This sale includes the laundromat business as well as an established in-store wash and fold service.
Located in the third densest neighborhood of Los Angeles, we are in the heart of East Hollywood. This large laundromat is 3,589 sf with a total of 125 state of the art Electrolux washers and dryers, all of which are about 5 years old.
Our store has high visibility as it faces Sunset Blvd. Parking is abundant with tons of apartments directly behind.
High ceilings with large skylights for natural light, quartz folding tables, built in seating, dedicated wash and fold drop off counter, and vending machines for drinks, snacks, and laundry supplies.
This is a turnkey opportunity to start with everything you need already in place and set up for long term success.
Motivated buyer has the opportunity to increase sales through marketing, advertising, and additional accounts. Approximately 6 years remaining on the lease with (4) 5 year options to extend.
Numbers reflect approximately the last 12 months -

Gross Revenue
In-Store: $ 518,055
Drop-off: $ 73,948
Vending: $ 19,890

Total Revenue $ 611,893

Major Expenses
Rent+NNN: $ 123,411
Utilities: $ 146,954
Payroll: $ 108,246
Insurance: $ 23,079
Marketing: $ 12,000
Supplies: $ 5,151
CC Fees: $ 2,399
Major Expenses: $ 421,240

Asking Price: 1,290,000

For serious buyers who are interested in receiving more information, we are hosting open house tours. Email laundryonmymind@gmail.com for dates and information.