San Jose, CA - Coin Laundry
$998,500
Down Payment (approx.): $400,000
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This is a newly remodeled coin laundry in a very desirable area in San Jose. Everything is brand new. Reopened Aug 2021
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The demographics are fantastic. Heavy Hispanic Population with an average household size of 4.07 persons!
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Conservative proforma, estimated breakeven Cashflow before debt service in 6 months (and it did) and 2 year ROI of > 20%
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An unheard of Gross Lease (NO NNN), with well defined options thru Oct. 2040
Store Highlights:
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All New Express Soft Mount Washers & Dryers by Continental Gerbal
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New Boiler by Hamilton
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New Standard Change Machine
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New Vendrite Soap Dispenser
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New FasCard Touch Screen Kiosk & Readers on all Machines
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New Read, Play, Learn Center by LaundryCares
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New R&B Laundry Carts
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New Stainless Steel Folding Tables
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New Security System by Lorex
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New Electronic Door Locking System for interior doors
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New Floor
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New Bulkheads
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New Plumbing
To Learn more about this exciting opportunity, fill out the form below and you will be sent a Non Disclosure Agreement. Once completed, you will receive the proforma for the business. Then we can have a conversation to see if this would be a good fit for both of us.