Profitable, Turnkey Laundromat @ Prime Location in Houston !!

Listing Number: 76931-953903

Description

Available for acquisition is a well-established and profitable laundromat, a local favorite for over 20 years. Re-launched in 2017 with modern updates, this laundromat boasts brand-new washers, dryers, and state-of-the-art infrastructure. This is pre- qualified for SBA-financing with 10-15% down payment for a qualified buyer.

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 in house Wash-Fold services from 2024, annualized net income (EBITDA) came at $173,356.91 annually for absentee ownership and an estimated $202,471.96 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 (24-36 months) can potentially scale up between $240,000 and $250,000 for an experienced owner-operator. This is pre-qualified for SBA financing with 10-15% down payment for a qualified Buyer.

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

Listing Details

• Price: $845,000
• Down Payment: $845,000
• Sellers Discretionary Earnings: $202,472
• Total Sales: $523,220
• Location: Harris County, Texas


• Inventory: $2,500
• FF&E: $610,000
• Employees: 5
• Year Established: 2017
• Reason for Selling: Other business Ventures
• Category: Cleaning/Clothing