Business for Sale Overview:
Absentee owned coin operated laundry. Located in North Dallas with surprisingly few coin laundries nearby. All but five (5) machines are less than three (3) years old. The location has a very high traffic count with a gas station located in the parking lot. There are many apartment communities in the surrounding areas. According to census data, Hispanic population has increased 222.3% within a one mile radius of the business. There is currently a strong influx of Hispanic families moving in from the Irving area. Sales and profit numbers are from 2007; the location was closed six months in 2008 due to an electrical fire started at a lighting fixture in the office. The business reopened June 2008 after the appropriate inspections were completed. Part of the roof was replaced; fresh paint and most of the ceiling tiles were replaced. This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Market Competition and Expansion:
Surprisingly few coin laundries in the area. According to 2000 census data, the Hispanic population has increased 222.3% within a 1 mile radius of the business. There is currently a strong influx of Hispanic families moving in from the Irving area. Extremely high traffic count with a gas station located in the parking lot. Also, many apartment complexes nearby. Business was operational only 6 months in 2008 due to an electrical fire which started in a light fixture in the office. Freshly painted with most of the ceiling tiles replaced June of 2008. A new owner may want to add “bundle” service. New owner could send out fliers a few times per year to capture transient residences.
Reason for Selling:
Seller plans to move out of the area
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.