HS Listing ID-64850

– Located in Midland County, TX

– Laundromat and the building was built 1.5 years ago

– Owner is absentee

– All machines are new

– All Speed Queen machines

– The machines are app only but there is a kiosk for bills and card

– 2000 sqft

– 22 washers/23 dryers

– Owns the building. Would lease back at $6500. If the offer was good enough he may sell the building as well. Building worth around $1,000,000

– $398,000 gross sales for 2024

– $161,882net profit for 2024

– Amazing first year numbers and they keep increasing

– Very transit area

– Would need to be cash or Eastern Funding 40% down. NO SBA

Washers:

20lb – 6

40lb – 11

60lb – 4

80lb – 1

Dryers:

45lb – 22

75lb – 1

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION