Brand New Upscale Laundromat

Business Overview:

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 month 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. 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. Support and training available via Seller and Franchisor training for the new ownership.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

$5,307.68 Monthly Building Rent. +/- 3,200 square feet.

Market Competition and Expansion:

The coin laundry industry is a multi=billion-dollar industry, with few large competitors. Several research services expect continued annual growth and the need for coin laundry services. This location has a few competitors but none that impact the sales at this newer laundry.

Growth & Expansion: 

Commercial wash and fold accounts could be garnered.

One could also opt to take advantage of two additional development territory locations for which the franchise fee has already been paid should you desire.

A hands-on operator and or a trusted manager would have the ability to drive customer service and continue to increase sales as the market is more aware of its existence.Owner is practically absentee.

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.

Room to add an ATM machine

Reason for Selling:

Additional Details:

Relevant Links:

• View more Texas businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker