2 Profitable Laundromats located in New London County - Absentee

Rusk County, TX

Seller Financing Available
2 Profitable Laundromats located in New London County - Absentee

Asking Price:$299,000

Cash Flow:$92,991

Gross Revenue:$335,100

EBITDA:N/A

FF&E:$75,000

Inventory:N/A

Established:1990

2 Profitable Laundromats located in New London County - Absentee

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Business Description

2 Well established Laundromats with wash, dry and fold and dry cleaning offered. Both locations are in pristine condition, one with new carpet. Easy parking in both locations. Each location individually managed. Owner is completely absentee and has a full time job. Shopping center possibly for sale with one location. One location is card operated and the other coin. All machines up and running and fully operational. Confidentiality agreement required. These will go fast so get me a confidentiality agreement and go see both locations.

Detailed Information

Employees:
8 both locations
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2 Absentee managed Laundromats located in New London County. Both locations are pristine with well taken care of equipment and all in working condition. Wash dry and fold is available in both locations. One location uses card readers and completely state of art. Both locations equipped with televisions, air conditioning and very comfortable environments for customers. Buyer may purchase one if desired.
Competition:
One Laundromat in the vicinity of one location which is really no competition.
Growth & Expansion:
Large amount of commercial work available but owner was unable to continue due to lack of time at the stores.
Financing:
seller has connection for Laundromat Financing
Support & Training:
Owner will provide smooth transition for qualified buyer.
Reason for Selling:
Owner relocating

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Joe Holstein

Business Listed By:
Joe Holstein

Affordable Business Brokers, LLC

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