Brand New Upscale Laundromat
| Asking Price: | $1,690,000 |
| FF&E: | $1,598,128 |
| Gross Revenue: | $337,561 |
| Established Year: | 2023 |
Happy to present a rare opportunity for a well-funded Buyer to enter the coin laundry industry in a major Texas MSA as a franchisee with an ultra-high-end newly established turn-key coin op laundry in a highly visible location off a major thoroughfare.
This turnkey laundry includes new infrastructure. All new plumbing, electrical, gas, and HVAC. Includes topline fixtures and equipment. The amount above is the depreciated value of the equipment and leasehold improvements.
Robust systems have been instituted, with both digital and coin choices for customer with loyalty program.
Long term lease in place. Landlord pays water bills!
Seller’s lease rate is currently $5,307.68 with stairsteps, including NNN. Seller has close to 9 years remaining with (2) 5 yr. options
This laundromat is state-of-the-art with all new infrastructure and equipment
4 Employees who handle the daily operations. One is potentially management material.
FFE amount above is the depreciated value of the equipment and leasehold improvements.
The gross sales above are annualized based on 1st 10 mos. of 2024. The business didn’t open until Sept. 2023 with months of ramp up. July – October should be more indicative of go forward which would be a higher gross volume and earnings.
The store is hitting the marks it should be doing at this point and growing.
The ideal buyer would be a family office or a private equity firm with committed capital who wants to kick-start its entry into the industry with systems in place as a franchisee and potentially expand with multiple locations.
The business is still in its infancy but achieving the results anticipated without the pick up and delivery program in place yet – which would be a significant boost to the sales and bottom line. More explained after receipt of NDA from qualified buyers.
Securing the right location, permits, build out, and development of a new laundromat takes time. SAVE YOURSELF 12-18 MONTHS AND TAKE ADVANTAGE OF ALL THE HARD WORK THE SELLER HAS DONE.
Open 7 days.
REASON FOR SALE: Owners have busy full-time careers and have very little time to devote and give the business the attention it should be receiving, especially while it’s still building up.
This is not a solicitation or offering to sell securities.
Listing Broker Erin Bonner, Transaction Intermediary, Consultant & Business Broker.
