Coin laundries are popular businesses. They provide a necessity, and this laundromat has been providing for almost twenty years! This location is in a neighborhood of older single family homes and apartments, and features name brand Dexter and Speed Queen machines.
This location has a great deal of potential. In 2015, the owners of the liquor store (next-door) purchased both the land and the laundromat, which had been closed for over 1 year. They installed the current name brand washers and dryers, and opened for business. The owners had little industry experience, and missed many opportunities to improve: add newer large capacity machines in the extra bulkhead space, add dryers, spruce up the decor, install flat screen TVs, and fix the building sign already! There is ~200sf of extra space: add a lounge, extra washers/dryers, or better yet, start a Fluff n Fold service. Most importantly, the owners never held a grand re-opening - this brings customers out of the woodwork. Follow up with advertising and marketing, and maintain a clean store with functioning equipment: that's the recipe for a successful laundromat, and brings the community back week after week.
Current owners are LA-based, and can't effectively operate OC businesses - time to sell the liquor store, laundromat, and the land. Liquor store / laundromat combinations are effective: business to one drives business to the other. Plus, you have the opportunity to purchase the land - it's a large lot, $1M of the asking price. Let the store's rent pay the mortgage!
Our clients constantly request both laundromats and liquor stores, but they rarely come to market. This is the laundromat you've been looking for ... don't hesitate, contact your Agent today! Click here for details on the liquor store.