Last Revised: 9/16/19. Posting #: 250855
Key Words: coin laundry, laundry, laundromat, coin laundromat, newark, alameda, absentee
Financial Info: Price: $399,000. Down: $399,000. Adjusted Net: $80,681. Annual Revenues: $151,334.
Profile: BBB#: 1532
Asking Price: $399,000
Location: Newark, Alameda County, CA
Estimated Yearly Revenues: $151,334 in 2017
Estimated Yearly Cash Flow: $80,681 in 2017
Estimated Yearly Revenues: $166,416 in 2018
Estimated Yearly Cash Flow: $75,432 in 2018
Monthly Base Rent: $1,992.77
(Note: in 2018, the repair costs was $15,000 + because of floor replacement, painting, wall replacement behind the machines, changing the entire drainage pipes and etc. The averaged repair costs are around $5,500/year.
This simple coin laundry as an absentee owner's run is location in a large shopping center in Newark. Very easy to run the business and very stable. The front-door is open itself with the timer lock in the morning. A janitor comes to clean the premises up every day and closes the door. 7 days open from 6am - 10pm, last wash 9pm.
Organization: corporation | Established Business: 17 years | Current Possession since October 2015 | Parking: plenty in shopping center's parking | Days Open/Hours: 7 days, 6am - 10pm | Square Footage: 1,400 sq. ft. | Reason For Sale: other investment |
Base Rent: $1,992.77 | CAM: $429 | NNN: $1,300 monthly averaged | lease expiration: October 2025 | lease option: 5 years |
8. T/l speed queen $2.75
9. 30lb speed queen $4.25
2. 30lb continental $4.25
1. 40lb continental $5.75
1. 50lb continental $6.25
2. 40lb t600 dexter $5.00
2. 60lb t900 dexter $6,75
12. Stack dryer huebsch 6 mins/quarter
2. Big single dryer 4 mins/quarter
2. Rowe coin changer
1. Soad, snack & soap vendor
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Profile: Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs. Contact us today about our services.
Key Words: chuck post, laundry, coin laundry, coinlaundry, laundromat, laundries, card laundry, laundrys, coin laundry, coin operated, laundramat, laundry mat, laundrys, coin laundries, laundry, laundries, coin laundry, chris mason, laundromat, laundromats, laundrys, laundry, laundries, laundrys
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