Absentee High Volume Laundromat For Sale

Midland County, Texas

A modern laundromat with new Speed Queen washers and dryers, featuring an app-based payment system and a kiosk for cash and card transactions. Located in a high-traffic area in Midland County, TX.

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

Interested in this listing? Fill Out the form below.

NDA Approval.

Once you fill out this form, you will receive an Electronic NDA coming from HedgeStone. Once that is complete, I will send over the information for this listing.

Got A Question?

Feel free to reach out to me through my mobile or email below for a chat.

  • 954-551-5317

Business Valuation

Book a call on my scheduling page for your business valuation

https://calendly.com/mattmillsaps17

Listing Inquiry

By submitting your contact details, you consent to being contacted by a representative from HedgeStone Business Advisors.

© 2024 HedgeStone Business Advisors - SellWithMillsaps