Miami Laundromat — Little Havana — Strong Cash Flow
Business Overview
Excellent performing laundromat in the heart of Miami's Little Havana neighborhood. This densely populated community has a very high percentage of apartment dwellers, creating consistent demand. The business has grown revenue every year since 2015 and recently added pickup and delivery service which now accounts for over $3,000/month in additional revenue. Bilingual signage and staff make this a true community staple.
Key Metrics
Financial Details
- Gross Revenue (annual)
- $245,000
- Net Income (annual)
- $102,000
- Monthly Rent
- $3,950
- Utilities (estimated monthly)
- $1,100
- Water & Sewer (monthly)
- $2,200
- Electric (monthly)
- $2,000
- Gas (monthly)
- $1,000
- Payroll (monthly)
- $4,500
- Pickup/Delivery Revenue (monthly)
- N/A
- Machine Lease Payments (monthly)
- None — owned outright
Property Details
- Square Footage
- 2,600 sq ft
- Washers
- 20
- Dryers
- 14
- Machine Brands
- Speed Queen, Electrolux
- Machine Ages
- 5 years
- Payment System
- Coin + Card
- Machine Details
- 10x 20lb, 12x 40lb, 8x 60lb, 6x 80lb washers. 30 dryers (45lb stacks).
- Parking Spots
- 10
Lease Details
- Monthly Rent
- $3,950
- Lease Expiry
- Not specified
- Renewal Options
- Two 5-year options
- Rent Increases
- Not specified
- Years Remaining
- 7 years
Operations
- Owner Hours
- 12 hours/week (Semi-Absentee)
- Employees
- 2
- Hours of Operation
- Not specified
- Services Offered
- Wash & Dry Fold, Vending Machines, WiFi, Surveillance
Assets & Valuation
- FF&E Value
- $250,000
- Inventory Value
- $2,500
- Real Estate Included
- Yes
- Real Estate Value
- $850,000
Due Diligence
- Training & Transition
- 3 weeks of training. Owner will introduce all vendors, service technicians, and key customers.
- Books Verification
- Full card system transaction history (Speed Queen Insights), CPA-prepared financials, 3 years of tax returns.
Market Analysis
Competition
Two competitors within 2 miles but both are older coin-only stores. This is the only card-operated store in the area.
Growth Opportunities
Add wash-dry-fold and pickup/delivery to capture tourist and short-term rental market. Vending machines could add $500-800/month.
Location
- City / State
- Miami, Florida
- Neighborhood
- Little Havana
- Nearby Anchors
- High foot traffic location near Calle Ocho, surrounded by residential buildings
Reason for Selling
Owner has multiple laundromat locations and is consolidating portfolio.
Disclaimer: LaundroList does not verify financial information provided by sellers. Always conduct proper due diligence — including reviewing tax returns, utility bills, and lease documents — before completing any transaction.