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24-Hour Coin Laundromat – Excellent Location & Long-Term Lease

California Other Services Est. 1993 Health reasons

About this business

This well-established 24-hour coin laundromat represents a turnkey opportunity in a prime shopping center location at a major intersection. The business benefits from excellent visibility, convenient ingress and egress, and abundant customer parking in a densely populated residential area with strong demographics for laundry services. The 1,860 square foot facility is clean, spacious, and well-maintained, offering customers a comfortable experience with an open floor plan and ample folding areas.

The lease extends through 2032 with a monthly rent of $5,650, providing long-term stability and predictability. The business is equipped with comprehensive, well-maintained machinery including 30 Dexter Double-Stack Dryers, 10 Dexter T400 (30 lb.) Front-Load Washers, 4 Dexter T600 (40 lb.) Front-Load Washers, 3 Dexter T900 (60 lb.) Front-Load Washers, 1 Dexter T1200 (80 lb.) Front-Load Washer, and 17 Speed Queen Front-Load Washers. Additional revenue-generating amenities include two coin changers, soap and snack vending machines, soda vending machines, and three large flat-screen TVs for customer convenience.

Established in 1993, this business has built a solid foundation in a high-traffic location. The combination of 24-hour operations, modern equipment, premium location visibility, convenient access, and an extended lease term makes this an attractive acquisition for an experienced operator or investor seeking a stable service business.

Financial overview

Gross Revenue $305K
SDE $154K
EBITDA Not disclosed
Fixed Assets Not disclosed
SDE Multiple 3.56×
Revenue Multiple 1.80×
SDE Margin 50.5%
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Location

California

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Asking Price $549,000