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High volume Laundromat in Santa Maria with excellent long-term Lease

Santa Maria, CA
Laundromat Interior
Asking Price:$950,000
Rent:$11,200
Gross Revenue:$631,500
Listing ID: 2316325Listing provided by BizBuySell
BUSINESS DESCRIPTION

Laundromat - Santa Maria - Attractive Coin Laundry location and profitable busin

For sale is an established Coin Laundry business in the city of Santa Maria, in Santa Barbara County. It is a fully attended Laundromat that is employee operated and managed. Free-standing building located in a busy traffic location with good signage, exposure, and an excellent parking. There is a long-term, 30 year Lease available to a qualified and credit-worthy Buyer.

DETAILED INFORMATION
Location
Santa Maria, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,500
Lease Expiration
31/12/2055
Employees
5
Facilities
The Laundromat is located in a free standing building with great signage and exposure. Excellent Laundromat demographics and surrounded by large apartment complexes, multi-unit housing, and a high renter percentage. The Laundromat is fully attended and employee operated. There is a Long-term Lease available to qualified and credit worthy Buyer. Laundromat Equipment: -66 Washers -66 Dryer Pockets -2 Change Machines - 2 Vending Machines. Please call or email Scott Steinberg for additional details.
Financing
Commercial financing available with 35% - 40% cash-down payment.
Support & Training
The Seller will provide training as needed during the 30 day Escrow. The Seller will also be available for 2 weeks after the close of Escrow by appointment, and 30 days after Escrow by phone and Email.
Reason for Selling
Retiring after 16 years of ownership.
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Scott Steinberg
Cal Laundry Ventures
Phone Number
Scott Steinberg
Call Phone