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  • RE:  Coin Laundry Business: Denton County TX
  • Contact:  Joseph Kim
  • License #: 567204

Quick Facts

Asking Price: $225,000
Annual Revenue: $162,756
Net Profit: Not Disclosed
Cash Flow: $24,883
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 2
BBN Listing #: 990662
Broker Reference #: #001490

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Business Overview:

Coin Laundry business for sale in Denton County! This long-established coin laundry, in operation since 2005, is now available for sale. The current owner has operated the business since 2015 and has maintained minimal day-to-day involvement. Over the years, the laundromat has built a strong reputation and is relied upon by loyal customers from the surrounding residential community. The facility is well-equipped, with 90% of its machines being Speed Queen washers, and has recently been updated with new water heaters and air conditioning units.

Located in a busy shopping center, the business benefits from high foot traffic and close proximity to apartment complexes and residential neighborhoods. The area is densely populated and primarily serves lower-income families and individuals, making it a great fit for a self-service laundromat. While there is a smaller competitor nearby, this laundromat stands out due to its long-standing presence and higher quality of service.

The laundromat is currently fully attended with 2 full time employees with the current owner managing coin collection and book keeping. A more hands on operator is needed and ramp up marketing and offer new services like pick-up and delivery. Currently wash and fold service is offered, which generates $1,500 to $2,000 in revenue but all profits are kept by the employees. A new owner could take advantage of growth opportunities by launching digital and social media campaigns, distributing flyers, running direct mail promotions, or building relationships with local commercial clients.

This is a great opportunity for someone looking to enter the laundromat business or for an experienced operator wanting to expand. With reliable equipment, a loyal customer base, and strong potential for growth, this business offers a solid foundation for future success.

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Property Features and Assets:

Located in a large shopping center in North Dallas with nearby apartment complexes and residential neighborhoods, the area is densely populated. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: Although there is a smaller competitor in the vicinity, this laundromat distinguishes itself through its longevity and higher quality of service. / Growth and Expansion: Implementing proactive marketing strategies?such as online and social media marketing, direct mail campaigns, flyers, and targeting commercial accounts?could significantly boost revenue.


Reason for Selling:

Other Opportunities

Additional Details:

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

Documents:

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