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Nice Coin Laundry - Washateria

Seller: Attn: Doug Murrell
Location: Houston
Listing Number: "414901058"

Asking Price: $350000.0000 USD USA Dollars
Industry: Services: Dry Cleaning & Laundry
Reason for Selling: To focus on other businesses
Year Established: 2005
Number of Employees: $2
Yearly Revenue: $228000.0000
Yearly Cash Flow: $103,000
Yearly EBITDA: $103,000
Yearly Net Profit: $103,000

Overview:

This is a well kept laundry on Houston's southwest side (just minutes from Missouri City and Stafford). The business has 37 washers (3 60lb, 5 40lb, 9 30lb, 10 20lb, 10 top load) and 39 dryer (18 double stack and 3 50lb). The spacious 3,600 square feet laundry is in excellent condition. There is an on-site manager who also runs the dry clean drop station. Sales are $18,000-$20,000 per month (to be verified by buyer). Rent is $4,310, Gas is $1,600 approximately, Water is $1,600 approximately, Electricity is $1,500, Insurance is $200, Property Taxes are $84, Security is $26. Monthly net income is between $8,000 and $10,000 per month (to be verified by buyer).

Property Features and Assets:

3,600 square feet leased space. $4,310 rent.

Additional Details: