Coin Laundry Turn Key (Duarte, Semi-Absentee)

Turn key operation plus room for growth. Potential to add additional washing machine or vending. Various machines remain at pre-pandemic prices giving room to increase. Clean and well maintained with lots of regulars. Featuring some newly installed used machines, all machines are coin operated. More than sufficient area for folding. Newly installed hot water holding tank and LED lighting. Location: Duarte, California Year Established: 2021 Real Estate: Leased Building Sq. Ft.: 1,800 Rent: $3,350.00 Per Month Lease Expiration: 3/31/2028 Facilities: Laundromat comes with: 17ea Speed Queen TL, 8ea Dexter 30#(recently installed used machines on 2/15/2022), 6ea Huebesch 30#, 4ea SQ 40#, 2ea SQ 50#, 3ea SQ 60#, 16 SQ Stacked dryers, 2ea Coin changers, 2 Soap vending, 1ea Soda vending, 8ea Camera w/DVR, 1ea Ring Flood camera (interior), Hot water tank (new 2021) Market Outlook/ Competition: Currently there is 1 other local laundromat approx 1 miles from this location. 2 other locations have recently closed increasing business. New large apartment complex also recently opened. Large amount of apartment buildings in immediate area as well as multiple trailer parks. Easy access from many areas serving a large amount of local community. Neighboring business is very popular taco shop. Growth & Expansion: There is opportunity to increase vending either adding new machines and/or updating current machines. Also room to add at least one more 30# machine, possibly even a 50#. Ability to increase pricing on TL, 50#, 60#, Dryers and Vending.