Absentee Run Laundromat for Sale in Texas - 35732

Financing

$350,000 Down and

Business Description

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. Contact Senior Broker Dan Gundrum at 815-323-0608 with any inquiry.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.