Business Overview

High Growth Laundromat Monthly Gross $53,000

Newly renovated laundromat for sale in Southeast Houston with over 11 years remaining on the lease. The seller requires an NDA and Proof of Funds prior to releasing location, financials, or any other information. Minimum Proof of Funds threshold is half of asking price. Once the NDA and Proof of Funds are submitted, please give us 1 business day to reach out to you once all requirements are met. Thank you for your interest and do look forward to talking to you soon.

Required NDA form:
https://www.jotform.com/assign/220018384580048/220055989649066

1. Average Monthly Gross $53,000
2. 3 Year Old Equipment
3. High Income/Expense Ratio
4. Strong Year over Year Growth
5. Owner Financing Available

Financial

  • Asking Price: $1,300,000
  • Cash Flow: N/A
  • Gross Revenue: $53,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A

Additional Info

The building is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the true reason vs the one they tell you might be 2 totally different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is extremely essential that you not rely completely on a vendor's word, but rather, utilize the seller's response in conjunction with your general due diligence. This will paint an extra practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover points such as supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that revenue margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in brand-new customers? Often times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Certain variables such as brand-new competitors growing up around the area, road building, and personnel turn over can influence repeat customers and negatively impact future incomes. One important point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood median family earnings effect future earnings prospects?