The Realty Laundromat | Polk & Cullen St, Houston

Houston, TX

Seller Financing Available

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Asking Price:$179,000
Gross Revenue:$154,234
Cash Flow:$79,042
EBITDA:$79,042
BUSINESS DESCRIPTION

The Realty Laundromat Washateria | Polk st

This laundromat has been established for over 30 years and boasts a loyal customer base.
The current rent is only $2,500, which is significantly below market rate, and the lease is negotiable with an easy landlord.
The business is located next to a busy convenience store, benefiting from high foot traffic.
Many properties in the area lack washer/dryer connections, creating a consistent demand for laundry services.
Ample parking is available in both the front and back of the building for added convenience.
The business generates strong cash flow, making it a great opportunity for an owner-operator.
There is significant potential for growth by implementing marketing strategies, promotions, and expanding services like wash and fold.
This is a rare opportunity in a prime location with both long-term stability and considerable upside potential.
No SBA Loan.
Please use the link below to sign our NDA and upload your Proof of Funds, financial data will be released upon the receipt of the NDA and POF.
https://form.jotform.com/243505754224050


DETAILED INFORMATION
Location
Houston, TX
Inventory
Included in asking price
Employees
1
Facilities
• Dexter Stack Dryer x 14 • Speed Queen Drying Tumbler x 14 • Triple Load Dexter 400 x 11 • Mega Load Dexter 900 x 2 • Double Load x 28
Competition
Stable, consistently desirable.
Growth & Expansion
Plenty room for revenue increase with the right marketing and management
Support & Training
Owner can provide training for 1 week. Flexible schedule.
Reason for Selling
Owner is retiring.
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Trinh
Nguyen
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Trinh Nguyen