Washateria --- Reduced--Bargain Asset purchase Option Available

Houston, TX (Harris County)

Washateria --- Reduced--Bargain Asset purchase Option Available

Asking Price:$145,000

Cash Flow:$33,629

Gross Revenue:$196,824

EBITDA:N/A

FF&E:$200,000

Inventory:$5,000

Established:2015

Washateria --- Reduced--Bargain Asset purchase Option Available

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Business Description

Washateria in prime location with excellent demographics in the midst of high density of apartments and ethnic-oriented businesses.

Detailed Information

Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owner took over business in January 2015 after failure of prior owner. Under new management, business has been restored to profitability and growing. Other businesses , such a phone card recharge, accessories, bill pay, and gaming machines have contributed to profitability. Present owner needs to sell due to the demands on managing three other businesses he also owns in a different section of the city.
Competition:
Location and new management have revived the store and put it on a growth path.
Growth & Expansion:
Growth should continue, as present management has regained and added customers. Retail laundry products and cell phone accessories and cards are profit contributors.
Support & Training:
2 weeks
Reason for Selling:
other business interests

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Wyn Norris

Business Listed By:
Wyn Norris

Transworld Business Advisors of Houston

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Sponsoring Broker:
Gerald G. Brisson

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