Owner-Operated Houston Laundromat — Heights District
Business Overview
For sale by owner — no broker fees. Profitable laundromat in Houston's trendy Heights neighborhood. The business was established in 2018 and has grown steadily each year. Currently owner-operated, making this an ideal opportunity for a hands-on buyer or someone looking to transition to semi-absentee over time. The wash-dry-fold service was added in 2021 and now represents approximately 20% of total revenue. Machines are a mix of ages with the newest installed in 2021.
Key Metrics
Financial Details
- Gross Revenue (annual)
- $162,000
- Net Income (annual)
- $68,000
- Monthly Rent
- $2,800
- Utilities (estimated monthly)
- $880
- Water & Sewer (monthly)
- $1,600
- Electric (monthly)
- $1,400
- Gas (monthly)
- $800
- Payroll (monthly)
- $4,200
- Financials Verified
- No
- Verification Method
- Coin collection logs, bank deposit records, and 3 years of tax returns.
Property Details
- Year Established
- 2018
- Square Footage
- 1,950 sq ft
- Parking Spots
- 15
- Washers
- 14
- Dryers
- 10
- Machine Brands
- Maytag, Whirlpool
- Machine Age
- 6.8 years
- Payment System
- Coin + Card
- Machine Details
- 6x 20lb, 10x 40lb, 8x 60lb washers. 20 dryers (30lb).
Lease Details
- Monthly Rent
- $2,800
- Years Remaining
- 5 years
- Renewal Options
- Two 5-year options
Operations
- Owner Hours
- 30 hours/week (Owner-Operated)
- Employees
- N/A
- Hours of Operation
- Not specified
- Services Offered
- Wash & Dry Fold, WiFi
Assets & Valuation
- FF&E Value
- $140,000
- Inventory Value
- $1,500
- Real Estate Included
- No
Due Diligence
- Training & Transition
- 2 weeks of transition support. Manager will stay on under new ownership.
- Books Verification
- Coin collection logs, bank deposit records, and 3 years of tax returns.
Market Analysis
Competition
One competitor 2.5 miles east, but in decline. Growing suburban area with new apartment complexes.
Growth Opportunities
Add wash-dry-fold service and vending machines. Extend hours to 24/7 with card-only after 10pm.
Location
- City / State
- Houston, Texas
- ZIP Code
- 77007
- Neighborhood
- Heights
- Nearby Anchors
- Strip mall location with strong anchor tenants including Subway and nail salon
Reason for Selling
Owner starting a new business venture and needs to focus full attention on it.
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.