Coin-Operated Laundromat in Houston-Absentee

Not Disclosed, TX
Harris County


Asking Price: Annual Revenue:
$135,000 $168,000

Services: Dry Cleaning & Laundry


Request More Information
Contact the Seller

RE: Coin-Operated Laundromat in Houston-Absentee Broker: Quoc Pham

Quick Facts

Asking Price: $135,000
Annual Revenue: $168,000
Net Profit: Not Disclosed
Cash Flow: $23,400
Total Debt: Not Disclosed
FF&E: $135,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 3
BBN Listing #: 97344107
Broker Reference #: 76931-408624

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

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. Please use reply to this ad button to contact us. Listing agent will discuss on a call what is available for due diligence.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!