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Absentee Coin Laundry w/ Smart Setup

Listing Number: 76931-414223

Description

This listing is for a well-established laundromat that can be run absentee or semi- absentee. This is an incredible opportunity to acquire a coin-operated laundromat that has been in business for over 60 years! The current owner bought this laundromat in 2020 and have done exceptionally well cleaning this place up. Facility is fully equipped with 32 washers and 34 dryers. Revenues average approximately $6,000.00 a month with roughly 91% from self-serve, and 9% from detergent sales, vending, and wash and fold services. This business owner first acquired the location during covid, making it grow in a no-contact environment and adding conveniences for the paying customers. Equipment is in good working condition with the owner doing repairs himself.

Currently profitable with a tremendous number of growing opportunities, a new owner can add games, televised programming, ATMs and much more. There are also many ways to pro-actively market to bring in additional business for the current services and other services that the current owner is not offering. The current owner is hands-on with this location, mainly handling the coin collections and all maintenance issues.

With low rent, lots of renovations and improvements done at this location, there is ample opportunity for a new operator to take over and focus on growing the business. This business is currently open 24 hours a day and 7 days a week and can operate without any employees.

Listing Details

  • Price: $ 142,000
  • Down Payment: $142,000
  • Sellers Discretionary Earnings: $ 31,995
  • Total Sales: $ 74,222
  • Location: Harris County, Texas

  • Inventory: $ 4,500
  • FF&E: $ 138,200
  • Employees:
  • Year Established: 1960
  • Reason for Selling: Relocating
  • Category: Cleaning/Clothing
Absentee Coin Laundry w/ Smart Setup

Business Listed By:

Quoc Pham, CBI
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