Listing Number: 76931-787785
Due to the high amount of interest that is expected with this listing and all laundromat listings, I will require for a buyer’s profile in addition to a confidentiality agreement to be completed. Please fully understand that this is an all-cash business. If you are looking for a business that has detailed balance sheets, financial statements or tax returns, this may not be the business for you.
This is a rare opportunity to acquire a laundromat business with two locations. The current owner owns multiple laundromats and due to personal reasons, they need to sell these two locations that are located in Dickinson, Texas. The locations are very close to each other, and it takes about one minute to drive from one location to the other.
With the purchase of these two laundromats, you will dominate the market share by owning 2 of the 4 laundromats in the area. You will be the largest operator.
Both laundromats have been established for over 20+ years. Over the years, the owner has learned how to repair all equipment and generally repairs equipment right away when it goes down. If you’re looking to be an absentee or semi-absentee owner, this is an excellent opportunity.
Currently, there are 4 employees that work between both locations. The larger location has a full-time employee who works daily during operating hours. The smaller location has 2 part-time employees that run the business. This smaller location does not offer wash and fold so it can run absentee for the most part. There is huge opportunity at both locations, especially at the second location as it does not even offer wash and fold.
Rent for the 6,000 square foot location is $7,000.00 a month which includes NNN. Rent for the smaller location is currently $2,150.00 which includes NNN.
Owner is providing training for two weeks as a part of this deal. He is more than happy to stay longer to train, at a negotiated salary.
There is tremendous opportunity to grow this business and make it even more profitable! Both laundromats are well-kept, and equipment has been well-maintained over the years. For a hands-on owner operator, your seller’s discretionary earnings will be around $150,000.00+ annually.
- Price: $ 685,000
- Down Payment: $350,000
- Sellers Discretionary Earnings: $ 150,020
- Total Sales: $ 418,800
- Location: Galveston County, Texas
- Inventory: $ 500
- FF&E: $ 350,000
- Employees: 4
- Reason for Selling: Family time
- Category: Cleaning/Clothing