PASADENA LAUNDRY FOR SALE

This is an enticing investment opportunity in the heart of Pasadena, California. This lucrative coin laundry and laundromat business boasts an excellent location on a heavily traveled street, ensuring steady customer traffic. The laundry was re-tooled just three years ago with nearly all new top-of-the-line equipment, including 28 washers and 16 dryers. The facility incorporates a modern and versatile Spyder Wash pay system, allowing for both coin and card transactions, thus catering to a wide range of customer preferences. This profitable business is not just a laundry, but also an established walk-in level of Fluff & Fold service, presenting ample growth potential. The business operates with a partial attendance, being staffed for 4 - 6 hours daily, making it a manageable investment that does not require constant oversight. In terms of financials, the business generates a healthy monthly revenue of $26,000, and the asking price stands at $825,000. A reasonable down payment of $300,000 is expected. Rent for the 1,800 square feet facility is set at $5,380, and the lease terms extend up to 15 years, providing long-term security for your investment. Additionally, the business is NDA eligible, ensuring the confidentiality of your investment. The Wash and Fold (PUD) has barely been tapped into in this location as well, the potential for upside is tremendous. The store features contactless drop off and pick up lockers, app based locks and light controls, coded locks on all doors, vending machines, WiFi, Spyderwash readers on most the of the equipment to allow the customer to pay with either coin or card, beautiful mountain views and a vibe unlike any other store around. To get more information about this PASADENA LAUNDRY FOR SALE business for sale in Pasadena, California please contact Chuck Post (Broker - BRE License #:00944797) at Chuck@pbilaundry.com or Chris Mason Chris@PBILaundry.com