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Sale Pending

Coin Op Laundromat-Pico-Union Area Downtown LA


Istock-1495453341_laundromat

This is an exceptional opportunity for investors or industry professionals seeking a turn-key laundromat in an urban area. It is located at 1213 Venice Blvd. LA, 90006, between USC and Pico Blvd., just north of the 10 freeway in the West Adams, Pico-Union area. This laundromat benefits from high traffic and good street visibility. It is located in a small shopping center in a residential area with parking.

This clean facility offers a well-organized layout, providing an efficient laundry experience for its customers. Includes 26 washers, 28 dryers, laundry carts, customer bench seating, four folding counters, a small office and bathroom. Convenient parking allows customers to wheel a cart directly to their car for loading ease. Ability to open most hours and 7 days a week. The business is currently closed.  

All furniture, fixtures and equipment are included such as: 8 Speed Queen washers purchased in 2022, 18 additional washers, 28 dryers, 5 laundry carts, and indoor benches for seating.

This is an asset sale. The business and equipment are being sold “As Is.”  No SALES or Financial Information is Available or will be provided. All offers will be considered and shall be subject to approval from the Bankruptcy Court. Only cash offers will be considered. Please do not disturb the neighboring tenants. 

The business is currently closed.  Asking $120,000 or best offer!  



Listed By: Teri Craft

Background information

Reference:

laundromat

Year established:

2022

Operations

Employees:

None

Equipment:

26 washers, 28 dryers, laundry carts, bench seating

Inventory:

None

Premises

Square footage:

900 approximately

Rent and lease terms:

Landlord to issue new, 5-year lease at $2,800 per month. The security deposit is additional. Additional options to renew may be available.

Location:

Located in an urban area between USC and Pico Blvd., just north of the 10 freeway in the West Adams, Pico-Union area, this laundromat benefits from high traffic and good street visibility. It is located in a small shopping center with parking in a residential area with high traffic.

Opportunities

Market:

This is an ideal neighborhood for a laundromat.

Price and terms

Price:

$120,000

Financing:

Only cash offers will be considered

Training:

No training is available