Seller's Contact Information

  • RE:  Coin-Operated Laundry Since 1989 – Semi-Absentee
  • Contact:  Michael Preston
Listing Update!
Update: Coin-Operated Laundry Since 1989 – Semi-Absentee is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Dry Cleaning & Laundry Industry.

Business Overview:

This business is a longstanding and beloved neighborhood business. It has been an essential part of the local neighborhoods; North Hollywood, Studio City, and Toluca Lake for over 30 years. There are NO competing nearby laundromats, and the neighborhood demographics are ideal for both self service and drop off fluff and fold. The business is equipped with a mix of newer modern and older but solid equipment including a newly serviced boiler. It is located at the corner of 2 major streets with high visibility. The business enjoyed a thriving ongoing commercial laundry clientele of small to mid sized spas, and local beauty salons who are not served well by existing large laundry service providers. The current owner relocated out of the county during lockdown and has been unable to restart the fluff and fold business or tend to maintenance due to his interests in his other Ventura County businesses. Don’t let the financials fool you - this business is being offered at a rock bottom price and is an incredible opportunity to get into this absentee style business. Please reach out to learn more!

Property Features and Assets:

This Asset Sale business has a leased location of 1,500 square feet with a total monthly rental of $4,975. The seller is active in business with 3 PT employees. Hours of operation are 6am-10pm, seven days. Included in asking price are $800 in inventory and $78,450 in equipment and fixtures.

Reason for Selling:

Moved Out of Area & Other Business Interests.

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

Listing Update!

Update: Coin-Operated Laundry Since 1989 – Semi-Absentee is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Dry Cleaning & Laundry Industry. You may also be interested in signing up for Email Alerts for listings that match your search criteria.

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