Profitable, Absentee & Attended Laundromat-Northeast Houston, TX $550K - Business for Sale
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Absentee-Run Laundromat with Gaming in Northeast Houston, TX
Houston, TX, US
Added 12 days ago
Laundromat / Retail Laundry Services
Absentee / Semi-Absentee
This is a fully attended, absentee-run laundromat located in a well-maintained plaza in Northeast Houston, Texas, offering self-serve, wash & fold, vending, and gaming services with 33 washers and 32 dryers.
Key Information
Asking
$550K
Revenue
$320K
Earnings
$150K
Multiple
3.7x
Key Highlights
- Net income is approximately $150,000 per year.
- Business is absentee-run with 4 part-time employees.
- Store size is 3,200 sq ft with 33 washers and 32 dryers; about half of the equipment is 6 months old, the other half is 5 years old.
- Lease has 19 years remaining with rent of $2,133 plus $904 CAM, totaling $3,037 per month.
- Income streams include self-serve, wash & fold, vending, and 5 legally permitted gaming stations.
- Laundromat uses a Laundroworks card system and has new water heater, floors, and electric upgrades.
- Seller financing available: $150,000 financed with $400,000 down.
Contact Info
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