San Antonio Hi End Digital/Coin Laundry FRANCHISE

Business Overview:

 NEW UPSCALE LAUNDROMAT - Price just reduced from $1,690,000!

Excited 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. Sales are continuing on an upward trajectory as of January 2025.

This turnkey laundry includes new infrastructure. All new plumbing, electrical, gas, and HVAC. Includes topline fixtures and equipment. The FFE amount above is the estimated FMV of the equipment and leasehold improvements.

Robust systems have been instituted, with both digital and coin choices for customer with loyalty program. Over 60% of the customers opt for the digital memberships.

Long term lease in place. Landlord pays water bills!

Seller’s lease rate is currently $5,307.68 with stairsteps, including NNN. Seller has over 8 years remaining, with (2) 5 yr. options

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. Included in asking price.

The gross sales above are annualized based on full year 2024.

The business didn’t open until Sept. 2023 with months of ramp up. The last 6 months of 2024, and especially the last quarter of 2024, should realistically be more indicative of go forward. And January 2025 continues to support this trend. Important to note, the store is continuing to bring in new customers without pick up and delivery. The trend is shown in the package after the NDA is signed by qualified buyers.

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.

Open 7 days.

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.

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. The owner should be actively locating corporate accounts, but literally has no time.

This is not a solicitation or offering to sell securities.

Listing Broker Erin Bonner, Transaction Intermediary, Consultant & Business Broker.

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Property Features and Assets:

$5,307.68 Monthly Bldg Rent. +/- 3,200 sq.ft.

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::

• New ownership could solicit for Pick-up and Delivery of Commercial wash and fold accounts. Will explain more on this after the NDA is back.

• Current Owner is practically absentee. 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. That said, hundreds of customers are now aware of the store, its friendly customer service and high end equipment. Take advantage of what the Seller has built to date.

• One could open longer hours or even 24-7.

• 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:

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