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
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Profile: I am an experienced entrepreneur, attorney, & business professor. I & my EvergreenGold® team offer business owners sound advice & expertise to build business value & achieve profitable sales. Call me today for a FREE business evaluation & SWOT analysis for your business anywhere in the USA.
Key Words: tim cunha, cunha, EvergreenGold, california, sf bay area, business broker, brokerage, san francisco, palo alto, santa clara county, contra costa county, alameda county, marin county, sonoma county, san mateo county
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
View All Related Resources & Advisors For This Posting
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: In a case study involving hundreds of business buyers, owner/sellers, and business brokers, BizBenNetwork Founder Peter Siegel, MBA and BizBenNetwork Facilitator Manager Jordan Green's research determined the most effective strategies for successfully advertising a business for sale posting online.
Key Words: business for sale, business wanted, for sale, wanted to buy, buy a business, buying a business, sell a business, selling a business, business for sale, advertising, advertise, posting, postings, business broker, brokers, business brokers, broker, agent, agents, jordan green
Profile: Southern California business broker Joe Ranieri provides business owner/sellers with helpful tips for interviewing and selecting a business broker. Included are things to look for when speaking with business brokers to determine if they are the best candidate to help you sell your business.
Key Words: business broker, business brokers, broker, brokers, sell a business, selling a business, sell my business, joe ranieri
Profile: So, you are looking into buying a laundry business. Congratulations! You have chosen an industry begging for innovation, easily expanded and operated with a minimal amount of time. The laundry is a, Necessity of Life Service Business. I will expand on this topic of selling prices and income.
Key Words: chuck post, laundry, coin laundry, laundromat, laundries, card laundry, coin laundry, laundry mat, coin laundries, laundry, laundries, laundromats, card laundry, card laundries, coin laundry, coin laundries, coin op laundry, coin-op laundry, coin-op laundries, coin-operated laundromat
View Related Blog Posts For This Posting
Profile: When the time comes to sell your business, having a team of experienced professionals to represent you can make all the difference in the world as you work to successfully complete a business transaction. Jordan Green shares tips for hiring your most important professional, a business broker.
Key Words: selling a business, sellers, brokers, business brokers, seller representation, jordan green
Related Discussions For This Posting
Comments & Replies: 10 Topics: business brokers, buying a business, due diligence, escrow bulk sales, for sale by owner, selling a business
Profile: A business buyer asked: “I just made an offer to buy a business and would like to know what items I should get from the seller to initiate and complete due diligence of the business. Also, how much time should I allocate for successfully completing the due diligence process - 1 week? 4 weeks?”
Key Words: due diligence, confidentiality, due diligence process, tim cunha
Comments & Replies: 10 Topics: broker cooperation, business brokers, buying a business, for sale by owner, pocket listings, selling a business
Profile: What percentage of businesses for sale that are advertised and/or sold are pocket listings? What is the best way to find out about pocket listings? Are they advertised? Are they a big part of the businesses sold marketplace? In this Discussion on BBN multiple brokers, agents, BBN Members weigh in.
Key Words: pocket listings, open listings, pocket listing, peter siegel mba
View All Discussions
Comments & Replies: 1 Topics: buying a business, landlords, selling a business
Profile: Dealing with landlords in order to secure a new lease during the sale of a small business can be a complicated issue. While challenging, the failure to secure a new lease will effectively end a business transaction. Jordan Green & other BBN Members explore this issue for business buyers & sellers.
Key Words: jordan green, landlord, landlords, lease agreements, subleasing, sublease, attorney, commercial lease assignment