Laundromat
South Gate, CA

A modern laundromat dedicated to providing convenience, efficiency, and top-notch service to our customers. We offer a wide range of laundry solutions, including traditional coin-operated machines, advanced technology-enabled washers and dryers that accept credit cards, and a loyalty card program for added savings and rewards. Our Wash-Dry-Fold service takes the hassle out of laundry, allowing you to drop off your clothes and pick them up clean, fresh, and neatly folded. With a focus on reliability, cleanliness, and customer satisfaction, we are your one-stop destination for all your laundry needs. The listing business broker is also a principal owner of this business.

Listing Number:

23910

Category:

Dry Cleaners/Laundromat

Location:

South Gate, CA
$1,550,000

Financial Information:

Gross Revenue:

$605,949

Listed Price:

$1,550,000

Down Payment:

$0

Total Income:

$231,085

Year Established:

2023

Lease Information:

Square Feet:

3400

Total Rent:

$8,475

Lease Expiration:

04/2035

Lease Options:

4 options 5 years

Asset Information:

Leasehold Improvements:

$15,000

Equipment / Fixtures:

$350,000

Inventory:

$5,000

Other Assets:

2x food/drink vending machines & 1 soap dispenser vending machine

Additional Information:

Full-Time Employees:

0

Part-Time Employees:

7

Special License Required:

N/A

Contract Labor:

0

Training Period:

2 Weeks

Reason for Selling:

Focusing on other business ventures

Hello World

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
Saba Safiari
Office: (949) 837-2232 | Cell: (831) 588-4958
License #: CA DRE #02241901

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Laundromat
South Gate, CA

Listing Number:

23910

Category:

Dry Cleaners/Laundromat

Location:

South Gate, CA

Listed Price:

$1,550,000
brokerPhoto
Saba Safiari
Office: (949) 837-2232 | Cell: (831) 588-4958
License #: CA DRE #02241901
A modern laundromat dedicated to providing convenience, efficiency, and top-notch service to our customers. We offer a wide range of laundry solutions, including traditional coin-operated machines, advanced technology-enabled washers and dryers that accept credit cards, and a loyalty card program for added savings and rewards. Our Wash-Dry-Fold service takes the hassle out of laundry, allowing you to drop off your clothes and pick them up clean, fresh, and neatly folded. With a focus on reliability, cleanliness, and customer satisfaction, we are your one-stop destination for all your laundry needs. The listing business broker is also a principal owner of this business.

Financial Information

Gross Revenue:

$605,949

Listed Price:

$1,550,000

Down Payment:

$0

Total Income:

$231,085

Year Established:

2023

Lease Information

Square Feet:

3400

Total Rent:

$8,475

Lease Expiration:

04/2035

Lease Options:

4 options 5 years

Asset Information

Leasehold Improvements:

$15,000

Equipment / Fixtures:

$350,000

Inventory:

$5,000

Other Assets:

2x food/drink vending machines & 1 soap dispenser vending machine

Additional Information

Full-Time Employees:

0

Part-Time Employees:

7

Special License Required:

N/A

Contract Staff:

0

Training Period:

2 Weeks

Reason for Selling:

Focusing on other business ventures

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.

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