If you are looking to buy a laundromat with new equipment, a favorable lease,
and the potential to diversify your income as a semi-absentee owner, this may be
the right opportunity for you.
This laundromat opened in 2024 following an investment of +$1.4 million in
equipment and improvements to its leased space.
The equipment package includes
44 washers plus 25 dryers. At $785,000, the asking price represents a $622,000,
or 44%, discount to the owner’s initial investment.
The laundromat is part of an industry leading franchise system.
The SDE
presented in this advertisement reflects performance of other franchise
locations. It is not the SDE of this laundromat being offered for sale but
provides an indication of its earnings potent under new ownership that's "hands
on" for at least 20-hours per week.
The franchise model supports two complementary revenue streams: a traditional
walk-in laundromat plus commercial pickup-and-delivery service.
The current
owner has not pursued pickup-and-delivery due to lack of time, which is why this
location has underperformed.
In speaking with other franchises, they've indicated a realistic revenue to
target for this location is $1 million with 20% to 25% margins. The steps to
improve financial performance are discussed at length in the report to be shared
with prospective buyers after signing an NDA.
Most customers are highly satisfied which has led this location to be the
highest rated laundromat on Google in Houston. These positive reviews indicate
this laundromat's challenges are rooted in limited marketing, rather than the
experience provided to customers who already use its facility.
The laundromat has 9-Years + 2 X 5-years options remaining on its
4,404-square-foot leased space and total rent expense inclusive of NNN expenses
in 2025 was $6,649 per month.
Based on anticipated lender requirements, the prospective buyers should have at
least $235,000 in available cash. This acquisition DOES NOT qualify for SBA
financing with only a 10% down payment.
Ready to learn more about this opportunity?
Simply complete the contact form here on BizBuySell, and we'll email you an NDA.
After you've signed the NDA, you'll receive a follow-up email containing the
CIM.