Coin Laundry Business with Real Estate in Prime Location

An exceptional chance to acquire a 24-hour coin laundry business along with the standalone real estate in a prime location in Los Angeles. The business operates around the clock with four part-time employees, requiring the owner to work only 5-6 hours daily. The laundry features 91 machines in fair to good condition, including washers and dryers, along with three coin change machines and vending machines for additional income. There is a potential revenue boost by adding a water vending machine. With 8 years under the current ownership, the business has a solid base of loyal customers and benefits from being situated in a densely populated residential area with steady traffic. The property comprises a 3,100 sq. ft. building on a 9,500 sq. ft. lot, zoned as C2 (Commercial), and includes front and side parking. The area has no significant business restrictions, and the seller doubles as the landlord, offering both the property and business for sale. The owner's net income is approximately $20,000 per month, presenting a stable and hassle-free operation. Financing options are available, including the possibility of an SBA loan for qualified buyers, requiring an approximate 25% down payment and offering up to a 25-year fully amortized loan.