$2,500,000
Coin Laundry
- Status: Sold
- Price: $840,000
Nima Sadati
- License No:
- DRE #01358748
- Email:
- nima@lbaweb.com
- Office:
- 925-932-2450
- Mobile:
- 925-932-2450
Description
Prim Locations!
There are two Coin Laundry places in the same two city, close to Residentials, Apartment Buildings and different Stores.
#1 LOCATION; It is on a 2,500 sq.ft. space, located in a Shopping Center. Rent for this place is $7,266 a month. Lease expires 2026 with 2 x 5 years option. Seller claims his Gross Annual Income is $281,712, and his Net income is $90,928. This is an absentee owner and run by 1 x employee with payroll of $2,045 a month. Hours of operation; 7 x days a week (6.00 am-10.00 pm). there 56 x Washers and Dryers in good condition for usage. There are other equipment such as; Two Changer Machines + Vending Machines + Boiler and Carts for use.
#2 Location; It is on a 2,250 sq.ft. space, located in a Shopping Center too. Rent is $4,995 a month. Lease expires 2022 with 1 x 5 years option. Seller claims his Gross annual Income is $284,300, he also claims his Net Income is about $112,296. Hours of operation; 7 x days a week (6.00 am-10.00 pm). All information regarding the Size and brand of equipment are available through listing agent.
Business Information
Ownership Type:
Corporation
Year Established:
Year Purchased:
2015
Business Type:
Coin Laundry
License(s) Required:
Business
Hours of Operation:
6.00 am-10.00 pm
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
3897-3896
Date Available:
08/20/2021
Reason For Sale:
Financial Information
- Annual Total:
- 566,012
- Revenue:
- 566,012
- Annual Net Income:
- 203,224
- Inventory:
- Monthly Payroll:
Lease Information
- Base Rent:
- 12,261
- Lease Expires:
- 2026
- Lease Option:
- 1x 5 years option
- NNN:
Financing Information
- Down Payment:
- 840,000
- Owner Will Carry:
- Other Finance:
- Terms:
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