Nice Coin Laundry - Washateria
| Asking Price: | $350,000 | Inventory: | |
| Gross Revenue: | $228,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $103,000 (comments below) | FF&E: | $200,000 ++ |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: Owner to prove |
| Cash Flow Comments: Owner to prove |
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 sq/ft laundry is in excellent condition. There is an onsite manager who also runs the dry clean drop station. Sales are 18-20K per month (to be verified by buyer). Rent is $4,310, Gas is $1,600+/-, Water is $1,600+/-, 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).
About the Business
Year Established:2005
Employees:1 full time - 1 part time
Facilities:3600 sq/ft leased space. $4,310 rent
About the Sale
Management Training and Support:2 weeks
Reason For Selling:To focus on other businesses.
KEYWORDS: coin laundry cleaning service wash and fold hispanic cash business absentee
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