For Sale - Large Laundry - Retool Project - San Fernando Valley Area

**REDUCED PRICE** Price Now: $295,000 *Financial Profile: -The laundry Gross exceeded $550,000 with a Cash Flow exceeding $170,000 but has slipped due to operational and mechanical issues. -Excellent Records are available -Financing is available. -Over 20 years of lease with options with good terms. -Laundry currently uses 3rd party for the large selection of vending. It is rare for a laundry to come on the market that offers a strong income, is in good condition and still has the amount of forward potential as this one. This 6,000 Sq. Ft. Laundry must be seen and discussed to realize the benefits it offers the hands on operator. This laundry, with all its success has been operated by two different absentee operators. While close attention has been paid to the basics and was very well built and branded, many revenue streams have not been developed. Opportunities are plentiful here. The laundry has a very good reputation. It has been featured in several movies and a lot of pride is taken in keeping it in top performance, always attended, clean and safe. There are 4 employees, both part time and full time. The laundry is always attended. The 3rd party vendor takes care of stocking and collecting most of the machines. There are only a few that are owned by the laundry itself. This can be reversed for considerable extra profits. There is also equipment mix changes that could also significantly increase the business income. The Fluff and Fold is operated as a convenience with very low revenues. There is also a possibility of agency business. If you are serious and looking for a terrific business, I recommend you consider this opportunity.