HOUSTON, Texas
| Asking Price |
$500,000 |
Year Established |
|
|
| Annual Revenue |
$240,000 |
Reason for Selling |
Other Ventures |
|
| Annual P/L |
$0 |
Attention |
Sung Kim |
|
| Annual Cash Flow |
$120,000 |
Listing Number |
1007832 |
|
| # of Employees |
|
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
UNDER CONTRACT - BACKUP OFFERS BEING ACCEPTED
Seller is willing to finance up to 40% of the purchase price at 0% interest.
Coin-operated laundromat located in a densely populated area of Houston with a strong base of nearby apartments and residential housing. The facility includes 48 washers and 48 dryers. Equipment is approximately 12–15 years old and has not been recently replaced, but all machines are currently operational.
The business is primarily coin-based, with additional income from wash-and-fold services and detergent sales. Reported revenue is approximately $18,000–$20,000 per month, with estimated net income of $8,000–$10,000 per month. Financials are seller-reported and should be independently verified during due diligence.
The business is owner-operated and does not currently rely on employees. Operations are straightforward but require regular owner involvement, including cleaning, cash collection, basic maintenance oversight, and customer service.
There is potential to increase revenue through equipment upgrades, pricing adjustments, adding card/mobile payments, or expanding services, but these improvements are not currently in place.
Due to the cash component of the business, this opportunity is best suited for a buyer comfortable verifying revenue through observation, utility usage, and other due diligence methods.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity