Asking Price: $999,999
Opportunity Highlights
Annual Figures 2024:
- Gross Sales: $398,000
- Net Profit: $202,000
Business overview
Prime location in Midland County, TX, in a high-traffic, transit-heavy area.
Newly built laundromat and building (1.5 years old).
Absentee-owned with minimal management required.
All machines are new Speed Queen models, featuring an app-only payment system with a kiosk for cash and card transactions.
2,000 sq. ft. facility, fully equipped with 22 washers and 23 dryers.
Strong financial performance, with first-year numbers exceeding expectations and continued revenue growth.
Building ownership options:
- Owner prefers to lease back at $6,500/month.
- Open to selling the property (valued at $1,000,000) for the right offer.
Financing:
Cash or Eastern Funding with 40% down required.
Not eligible for SBA financing.
Equipment Details:
Washers:
20lb – 6
40lb – 11
60lb – 4
80lb – 1
Dryers:
45lb – 22
75lb – 1
954-551-5317
Listing Inquiry
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