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 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!!
Listing Details
- Price: $ 945,000
- Down Payment: $945,000
- Sellers Discretionary Earnings: $ 192,415
- Total Sales: $ 506,880
- Location: Harris County, Texas
- Inventory: $ 2,500
- FF&E: $ 610,000
- Employees: 5
- Year Established: 2016
- Reason for Selling: Other business Ventures
- Category: Cleaning/Clothing
