Newly opened laundromat in 951 Palm Ave Hialeah. The laundromat was purchased as an asset sales and I spent $350k total on the build out to open the doors. The laundromat I bought it in Feb and I opened in June after small construction and it is slowly growing. When I bought the laundromat it was closed prior to my opening almost 2 years. The customers are slowly coming back

The pathway to profitability is to go from coin to card, heavy marketing, and promotions like buy $20 get $20 in credit. The self serve and the wash and fold has grown.

I am offering a seller note for 50% of the sales price with a 2 year interest only period for 8.5% and then a 5 year principal and interest payments at 7.5% interest rate. recourse would be to get the business bank after a 3 month default of payments. (only fair).

The business is growing and can make profits but I live very far from Hialeah and cant spend the time to manage it well. I also dont speak Spanish which has been a challenge in the community. At the moment I have the dryers set for free which can be changed as you wish. I also charge $1.29 per pound on the wash and fold (less than anyone else in the neighborhood) but once stable can be increased. The weekly new clients is growing.

I also have a growing **PICK UP and DROP OFF** wash and fold personal clothes and spas that is up to $3500 per month and growing. I also service many car washes but this is something my wife and I do without the expense of a driver.

Spend a day in the laundry and you will see how much potential there is. I just did not realize how far going to Hialeah was for me so I only go once a week and I think it needs to be visited more to grow the business to its potential

I was told today that the new owner would be able to sell for $500k after years in the community and the generation of $8500 minimum each month net. so keep the income and sell for higher later.

Rent is $6658 per month NNN with 5% increase annually. Next increase is Feb 2026 so the rent will be $6800+. Payroll for two attendants are about $4000 and utilties are $2000 or so. this is an asset sale. I already spent the 6 -7 months ramping it up. It grosses $10k with the vending/video games but with alot of room to grow just need the time to invest in it.

I owned another laundromat in Fontainebleau Blvd and recently sold it in Dec 2025. That laundromat was established for 30 years and I never went to the business. The Hialeah laundromat I spent 6 months growing a large commercial hotel/abnb business washing linens. After 6 months I canceled the accounts starting 1/1/2026 because it was too large of an execution for very little money. I broke even each month because of the commercial accounts and since I spent the energy growing the commercial accounts I never got the time to work on the growth of the customer base. The customers couldnt even use the machines since we had 2000-3000 lbs of laundry to do every day. It is important to note that because of my commercial accounts the utilities are inflated. I had 8 employees, a driver, a full time manager. I closed that business at the beginning of the new year because of the work load was too much to manage. I spent double the expenses and half the revenue I would compare to my other laundromat I sold. As of today 1/6/2026 I am starting it over with no commercial accounts, just 2 employees and a part time.

Again the reason for selling is I sold my other laundromat in Fontainebleau Blvd and my wife and I no longer have to work. I am selling the laundromat for less than what it took to build it.

The machines are from 2007-08 but all new inverters and diapharms. I spent $60k alone to get them running. I have a well pump in the back making the water bill very low when it's used. The water pump was how I was able to do the commercial accounts and break even since they paid about .60 a lb for wash and fold. IT IS NOT WORTH IT to do hotel linens. It is alot of pressure with very little reward