Absentee Run Laundromat for Sale in Texas

LISTING ID # 35732

Cash flowing Laundromats are the hottest business in the Houston Metroplex. Inventories of these types of listings are rare and do no stay on the market very long. This laundromat boasts 98 machines with a variety of washers and driers. 3 vending machines are also in the mix of what the owner has for sale. The seller wishes to sell the business “as is” and just wants to move it along. He has been in the laundromat business for 30 years and has owned many laundromats and sold them all besides this one. Now it is time. 30 machines are not being used and the owner estimates it would take a $7,000 investment to repair. Owner is on the way out and does not need these machines working in the current situation. Revenue is $18,000 -$20,000 per month depending upon the time of the year. Cash flow only $60,000 but the business is completely absentee with a manager and staff in place. Great opportunity for owner operator and growth. Owner will provide assistance in making a smooth transition for the new owner. Make your move now for it won’t last long on the market.