HS Listing ID-72275
Business Highlights:
Over 90% Self-Service Revenue Model: Approximately 92% of revenue comes from coin-operated self-service, with the balance from app/card self-service. Low-touch, low-labor, no delivery or route obligations.
2023 Gross Revenue of $251,535: Coin $231,224 (91.9%) · Credit card $20,115 (8.0%) · Local accounts $196 (0.1%). Long-Term Lease Secured Through 2030 + Two 5-Year Options: Approximately four years remaining on the current term, plus two additional five-year renewal options extending to 2040.
All rent steps are pre-set in the lease — no renegotiation risk.
Exclusive Use Protection: The landlord is contractually prohibited from leasing to a competing Laundromat within the shopping center.
Absentee Ownership / Staff In Place: Both owners are absentee. Staffed daily 8:00am–8:00pm with a full-time attendant plus part-time coverage. A buyer inherits a running operation, not a job.
Owner-Built Store, Modern Equipment: Entire equipment package installed new by current ownership, now roughly five years old with substantial useful life remaining. Repairs and maintenance ran just $2,228 in 2023 — under 1% of revenue. Equipment Conveys Free And Clear: The seller’s equipment loan is retired at closing and does not transfer.
Prominent End-Cap Position: Approximately 3,600 sq ft end-cap unit in high traffic plaza with protected visibility and access rights written into the lease, plus ample shared parking. Dual Payment Infrastructure With Room To Grow: Coin and app-based card payment both installed and operating. Card currently ~8% of revenue, leaving runway to grow the digital share.
Established Houston Market: Consistent, non-discretionary, recession-resistant demand for laundry services.
Reason For Sale: Ownership is pursuing larger acquisitions and would redeploy proceeds — a clean, non-distressed exit.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
