Exceptional Opportunity: Turnkey Laundromat in Prime Location !!

Harris County, TX
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Asking Price:$945,000
Gross Revenue:$506,879
Rent:$9,217.62/Month
Established Year:2016
Cash Flow:$192,414
Inventory:$2,500
FF&E:$610,000
BUSINESS DESCRIPTION

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-953903

Available for acquisition is a well-established and profitable laundromat, a local favorite for over 20 years. Re-launched in 2016 with modern updates, this laundromat boasts brand-new washers, dryers, and state-of-the-art infrastructure.

The facility spans 4,050 sq. ft. and operates 24/7, featuring 47 Washers and 56 Dryers, all kept in pristine condition through daily cleaning and regular maintenance. Additionally, there are two vending machines offering laundry products, snacks, and soft drinks.

This laundromat presents an excellent opportunity for both full-time owner-operators and those interested in absentee or semi-absentee investment. Growth potential is significant, with opportunities to expand Wash-and-Fold services, introduce entertainment options, and enhance local and social media marketing efforts.

In 2023, the business shows an net income (EBITDA) of $145,159 annually for absentee ownership and an estimated $174,279.32 in seller’s discretionary earnings (SDE) for a part-time owner-operator. With the launch of Wash-fold services in June 2024, annualized net income (EBITDA) is projected at $163,294.63 annually for absentee ownership and an estimated $192,414.63 in seller’s discretionary earnings (SDE) for a part-time owner-operator.

With strategic business optimization and growth initiatives (which will be discussed with the new owners), the The Pro-Forma EBITDA can potentially scale up between $240,000 and $250,000 for an experienced owner-operator. A down payment of 15% to 20% may make you eligible for SBA and/ or Bank financing. (This is pre-qualified for SBA financing)

Don’t miss out on this chance to own an established and thriving laundromat with significant growth and profitability potential!!


DETAILED INFORMATION
Location
Harris County, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,050
Lease Expiration
30/12/2029
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: Assignable lease to the new owners. Landlord is willing to assign 2 ; 5-year terms to the new owners (required negotiations) Facilities: Located in a retail Strip-center with ample parking space and diverse demand drivers in an established neighborhood FF&E General Condition: Good working condition and well maintained
Competition
The laundromat market in Houston is anticipated to grow at an annual rate of 4-5%. This growth is driven by: - An expanding working-class population - A decrease in homeownership - Lower disposable household income - Rising demand and advancements in laundromat technology Additionally, wash-and-fold pick-up and delivery services, as well as drop-off options, are increasingly popular among busy professionals and dual-income families. This segment is projected to grow 7-8% annually in the coming years.
Growth & Expansion
This well-established laundromat operates 24/7 and is currently managed by experienced long-term employees while the absentee owner, who oversees multiple laundromats and other retail businesses, focuses on maintenance and coin collections. This presents a great opportunity for either a part-time or full-time owner-operator, as well as for those seeking an absentee or semi-absentee investment. The business has substantial growth potential with several revenue-enhancing opportunities.
Support & Training
Number of Weeks Seller Will Offer Training: 3
Reason for Selling
Other business Ventures
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Samir
Gandhi
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Samir Gandhi