Listing Number: 76931-408624
Due to the high amount of interest that is expected with this listing and all laundromat listings, a buyer’s profile will be required in addition to a non-discloser agreement. 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. Seller is seeking an all-cash offer at this time, there is no seller financing available.
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 established for over 20 years! The current owners bought this laundromat in 2014 and have done exceptionally well. Facility is fully equipped with 36 washers and 36 dryers. Revenues average approximately $14,000.00 a month with roughly $9,000-$10,000 from self-serve, $1,000 from detergent sales and the rest from wash and fold services. This business only saw a small 10% to 15% dip during the beginning of the COVID-19 pandemic, but business bounced back to normal quickly. Equipment is older but is in good working condition.
Although the business is currently profitable, there is a tremendous amount of growth opportunity. A new owner can add games, vending machines, an 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 very hands-off with this location as only handles the coin collections once a week and handles all maintenance issues. The owner estimates wash and fold to be around $4,000.00 a month of which he allows the employees to keep 100% as a form of compensation/payroll. Two of the three employees are paid an extra $300 a month on top of the wash and fold earnings.
Please note: The $23,400 earnings advertised is for an absentee or semi-absentee owner. For a full-time owner-operator, payroll expenses will reduce and seller's discretionary earnings can be expected to be over $35,000 annually.
This is a great opportunity for an owner looking for passive or semi-passive income of over $20,000 annually. Business is priced at $135,000, and is expected to sell quickly!!
Listing agent. Quoc Pham, asks all buyers contact him if you are interested. Contact number: (832) 758-7756. Listing agent will discuss on a call what is available for due diligence.
- Price: $ 135,000
- Down Payment: $135,000
- Sellers Discretionary Earnings: $ 23,400
- Total Sales: $ 168,000
- Location: Harris County, Texas
- Inventory: $ 0
- FF&E: $ 135,000
- Employees: 3
- Year Established: 2000
- Reason for Selling: Retiring
- Category: Cleaning/Clothing