Very Large Laundromat in North Houston.

This store is coin operated and is approx. 3500 sq ft with 49 washers and 48 dryers.

Monthly rent is $5,400 and landlord will do a new 10 year lease. Strip mall has plenty of parking.

The seller has owned approx. 7 years but has had a difficult time keeping up and got behind on machine repairs. Even though the machines are only about 20-25 years old, about 50% are out of service. The new buyer should have a mechanic come in to look at repairing them before replacement since they still have some years left of service left based on age. Also, great opportunity to retail and start bring in new equipment little by little.

This is a complete package: The following is a list that is included:
2 top loader washers, 15 lb.
16 Huebsch front load washers, 20 lb.
18 Huebsch front load washers, 30 lb.
7 Huebsch front load washers, 40 lb.
6 Huebsch front load washers, 60 lb.
13 Huebsch stack dryers, 35 lb. double.
7 Huebsch stack dryers, 45 lb. double.
2 Huebsch 75 lb. single stack dryers/tumblers.
2 commercial water heaters, 100 gallons each.
3 coin change machines.
1 drink vending machine.
1 snack vending machine.
Dry clean conveyor, 20 ft long.
Security camera system.
Cash register.
Office computer and printer.
Laundry carts.
Folding tables.
Chairs.
Refrigerators.
Arcade game machines.
Kiddie ride.
Coin pusher.
Gumball machine.
Toy dispenser.
Soap cabinet.
Cashier counter.
55-inch LED TV.
Other furniture, fixtures, and business equipment.

The owner and his wife work the store. It can be run unattended or attended and is operating about a breakeven.

The business is priced for a motivated sale and for a buyer/operator or investor who is ready to invest time and capital to improve operations and build the business back up. The infrastructure alone (plumbing, eating and gas lines) would cost substantially more than the asking price to install in a new space.

Please note that this store also has lots of potential as it has not only been managed but no advertising and not even a Google Listing.

List Price - $100k
Cash Offer Only- No bank or SBA Financing
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BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.