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Coin Laundry

  • Status: Available
  • Price: $840,000

Nima Sadati

License No:
DRE #01358748
Email:
nima@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 3896
  • Status: Available
  • Area: Bay Area
  • Price: $840,000

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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