Last Revised: 9/9/19. Posting #: 255860
Key Words: laundry, laundromat, coin laundry, coin laundromat, san jose, santa clara, absentee
Financial Info: Price: $929,000. Down: $929,000. Adjusted Net: $172,686. Annual Revenues: $529,899. Rent: $12,291/month + NNN: $3,189. Lease Until 2022, Plus 8 Year Option.
Profile: BBB#: 1558
Asking Price: $929,000
Location: San Jose, Santa Clara County, CA
Annual Estimated Gross: $529,899
Annual Estimated Cash Flow: $172,686
This is absentee run. The attendants run the business with shifts whole a day. It's a simple coin laundry, which is located in shopping center on Major Street in San Jose, Santa Clara County.
Organization: Corporation | Current Owner: 18 Years | Size: 3,727 sq. ft. | Parking: Private Lot | Days Open/Hours: 7 Days, 7am to 10pm | Reason for Sale: Retirement |
Estimated Annual Gross: $529,899
Estimated Annual Cash Flow: $172,686
Base Rent: $12,291/month | NNN: $3,189/month | Expiration: 2022 | Lease Option: 8 Years |
12. Top Loader - Speed Queen
09. Front Load 30lb - Speed Queen
05. Front Load 35lb - Speed Queen
04. Front Load 40lb - Speed Queen
01. Front Load 50lb - Speed Queen
01. Front Load 60lb - Speed Queen
07. Front Load 30lb - Speed Queen (New)
06. Front Load 20lb - Speed Queen (New)
03. Front Load 30lb - Wascomat
05. Front Load 40lb - Wascomat
05. Front Load 55lb - Wascomat
04. Front Load 75lb - Wascomat
08. Single Dryer - Speed Queen
28. Stack Dryer - Speed Queen
02. Coin Changer - Rowe
01. Coin Changer - Standard
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02. Soda Vending Machine
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15. Laundry Carts
Professional Resources & Contacts To Help You Close Your Deal!
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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!
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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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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.
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Preparing for the sale of your laundry business should begin long before it comes time to put your business on the market. BBN Senior Facilitator Manager Jordan Green addresses 3 important categories to focus on when trying to sell your laundromat, including the equipment, location, and competition.
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Profile: When posting either a For Sale or Wanted To Buy Posting on BizBenNetwork, effective copy can be critical for catching the attention of either a prospective buyer (with a For Sale Posting), or a seller (with a Wanting Posting). Peter Siegel covers what our research shows works best in BBN postings.
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Profile: When selling your business, it is important to remember that over 80 percent of businesses that go to market never sell. In order to avoid becoming a part of that discouraging statistic, you must revisit these 5 important questions to ensure your business is set up and prepared to sell.
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Profile: Many business owners wonder if there is ever a perfect time to sell their business. Should you sell your business now or wait until your business is more profitable/valuable? BizBenNetwork Senior Facilitator Manager Jordan Green explores this complicated question for business owner/sellers.
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Profile: While there may be exceptions, I believe the best practice is to let the land owner know about your plans to sell the business - meaning a new tenant for him or her - before you begin marketing the company for sale. There are two schools of thought on this important question. BBN Members weigh in.
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