Established Coin Operated Laundromat with Property/Land

Midland, TX (Midland County)

Established Coin Operated Laundromat with Property/Land
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Asking Price: $225,000

Cash Flow: $45,764

Gross Revenue: $77,870

EBITDA: N/A

FF&E: $70,177

Inventory: N/A

Real Estate: $125,000

Established: 2000

Established Coin Operated Laundromat with Property/Land

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Business Description

Asking $225,000 Or Best Offer!

Self serve coin based laundromat built from scratch with bundle service aka drop off service.

Property and land is owned by the same owner and will be included with the purchase of the laundromat business.

Owner and his brothers have built this laundromat with 20+ years experience in the industry, all internal structure is custom built for maximum quality to maximize longevity.

Business Size: 2200 Square Feet
Land Size: 0.080 Acres (~3500 Square Feet)

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,200
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All washers and dryers are about 18 years old

Wascomat Washers;
24 Total Washers:
4 Wascomat 184 Washers
10 Wascomat 124 Washers
10 Wascomat 74 Washers

Huebsch Dryers;
28 Total Dryers:
28 Huebsch 30LB Dryers

Coke vending machine
Snack vending machine
Soap vending machine

3 New HD Televisions with DIRECTV

Folding tables
Seating tables
Benches

ETC...
Competition:
This laundromat has huge potential as it located at a prime location for this type of business.
Growth & Expansion:
Owner is not taking any money from the current bundle service program aka drop off service, owner has made an agreement with a gentleman by giving him the service in exchange for him looking after the laundromat. Buyer has the potential to make thousands more a month with his or her own established service.

Renewal of the washing machines and some building updates would bring a substantial amount of more business.

As is, this laundromat is making a good amount of money but has the potential to double and triple easily.
Support & Training:
This laundromat almost completely runs itself.

Owner is willing to teach the buyer the entire system of running the laundromat for 2 weeks or more if necessary.

Owner can also supply a maintenance worker if the buyer is in need of one.
Reason for Selling:
Retirement and moving to a different state.
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Business Listed By:
Fatih Kuzu

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