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 Business. Business for Sale.
 

Coin-Operated Laundry / Laundromat / Washateria - CHEAP!

 
$75,000.00  

- Category: Laundromat / Washateria
- Year Established: 2000
- Gross Income: 50000
- Cash Flow: 12000
- Location: Houston, TX

- Conveniently located in the 288 South/Calumet area
 Excellent Location directly between University of Houston/Texas Southern University and the Rice University/Medical­ Center Area
 Located in a shopping center with a Grocery Store
 Surrounded by Large Apartment Complexes, Salons, Hotels, and Three College Campuses (Rice, TSU, and U of H)
 Conveniently located on the Metro Bus Route
 Operated by a 7 year veteran of the Laundromat business, therefore can perform minor repairs, arrange for services, transport customers, and offers a wash-n-fold service. The Customers have come to rely on her presence and offers an invaluable service
 Area is identified as future expansion of midtown area, therefore is a great opportunity to attract the working class in the low rent apartment complexes as well as expand wash-n-fold business to the condos being built nearby
 No competition within a significant radius

All equipment less than 6.5 years old:

WASHERS
 Qty. 8 – 12 lb Whirlpool Top Loaders
 Qty. 2 – 12 lb Huebsch Top Loader
 Qty. 5 – 18 lb Huebsch Front Loaders
 Qty. 2 – 30 lb Huebsch Front Loaders
 Qty. 2 – 20 lb Huebsch Front Loaders
 Qty. 2 – 35 lb Huebsch Front Loaders
 Qty. 2 – 40 lb Huebsch Front Loaders

DRYERS
 Qty. 4 – 32 lb Huebsch Double Stack Dryers (8 Pockets)
 Qty. 6 – 30 lb Huebsch Single Pockets

MISCELLANEOUS
 Coke Machine (12 oz.) priced slightly lower than adjacent grocery store
 Hamilton Coin Changer (rear loading type with dual Medeco lock barrels)
 Coin Pusher Machine (averaging an extra $100/month in pure profit)
 Large boiler replaced new in the 2005 time frame
 Qty. 2 – Central A/C units
 Qty. 2 – TV’s
 Laundry carts, folding tables, etc.

The Laundromat is centrally located approximately 1 mile South of the 59/288 intersection and one block off of 288 South. We have just painted and remodeled this store as well as have a loyal and growing customer base. The store is kept clean and the current attendant has been in the business for over 7 years, therefore is well liked and friendly with all the customers. We currently have a 3 year lease at $850/month with the option of an additional 3 years. This store has great potential and needs the door to door marketing to maximize profits. Profits in the past have been over $4k/month.

Reason for selling: One partner is being transferred out of state for his full time job while the other doesn’t have the time necessary to devote to the needed marketing campaign. Next owner should devote some time to appealing to the Hispanic and African American (70%/30% respectively) customers and advertising at the local grocery stores, bandit signs, etc.

For more information, call 832-677-9861 - Matt or 281-546-9521 - Brad


Bsugarek (Houston, TX)   Send e-mailE-mail         By using online Escrow.com serviceBuy safely. Escrow service.
7.15.2009   #335465   Views:1305   Add the ad to "Saved ads"Save the ad   Send e-mail to friends about the classified adTell friends   Abuse report   Forum
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