5 Well Established Coin Laundries DFW For Sale

Dallas, TX
Dallas County

DFW AREA


Asking Price: Annual Revenue:
$495,000 Not Disclosed

Services: Dry Cleaning & Laundry


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RE: 5 Well Established Coin Laundries DFW For Sale Broker: Erin Bonner

Quick Facts

Asking Price: $495,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: Not Disclosed
BBN Listing #: 66876076
Broker Reference #: EB1207B

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Business Overview:

This is a unique turnaround opportunity to purchase one or more of (5) coin-operated laundries located throughout Dallas-Ft. Worth with significant upside after upgrading some or all the FFE/appearance. Includes 2 in Dallas, and 1 each in North Richland Hills, Ft. Worth, and Plano.

The current owner purchased in 2014 and underwent some tough personal issues for a full 3 years recently that hindered his ability to fully concentrate on keeping the laundries maintained as they should be. When a laundry has too many machines down before the weekend, it slows business.

In 2015, prior to his personal issues, the stores grossed significantly more and were profitable.

The Seller only works about 20-30 hours per week, when for this many laundries, one should be working the business full time – at least 40-50 hours per week as most owner operators of small businesses work. This is NOT a part-time or absentee business.

Note that many landlords are as of late unwilling to lease to a coin laundry – more explained in the Seller’s package after receipt of the non-disclosure from qualified buyers. Due to the mechanicals in place – gas, electric and plumbing – it is significantly less expensive to purchase an existing laundry than to start from scratch.

Also, the Seller has the locations staffed with part time attendants. No bundle service has ever been offered. There are 2 of the stores which could be very conducive to offering bundle service, especially for blankets, comforters, small rugs, large loads, etc. New ownership could also solicit commercial business in the area.

These locations have been operating coin laundries for decades.

Financial information herein is based on year end 2019.

As the owner wishes to transition successfully, he will train for 30 days by appointment and be available for phone consult after that.

This business is marketed to be sold via an asset transaction vehicle versus a securities vehicle. …This listing constitutes neither a solicitation to buy nor an offer to sell securities.
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Property Features and Assets:

Monthly rent & square footage varies by location. Locations include Dallas, North Richland Hills, Ft. Worth and Plano..

Market Competition and Expansion:

As to competition in this industry, wherever there is a coin laundry, there are generally more than one and sometimes several in the immediate area. Quality service and keeping the stores and FFE maintained is key. And vend pricing under the immediate market is a plus. GROWTH POTENTIAL & EXPANSION - Seller believes that most of these laundries have the ability to rebound to prior higher annual sales with the right astute full-time owner-operator at the helm who develops at least some sort of marketing plan, upgrades some or all the equipment and improves the store appearance. The current owner has done NO MARKETING whatsoever – ergo, no yelp, no google, no website, no Instagram, no mailings, etc.

Reason for Selling:

Partial Retirement

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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