20-Yr Est. Coin Laundry in Dallas

Not Disclosed, TX
Dallas County

Dallas


Asking Price: Annual Revenue:
$450,000 $446,305

Services: Dry Cleaning & Laundry


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RE: 20-Yr Est. Coin Laundry in Dallas Broker: Moon Kim
License #: 567204

Quick Facts

Asking Price: $450,000
Annual Revenue: $446,305
Net Profit: Not Disclosed
Cash Flow: $161,848
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 3
BBN Listing #: 567719188
Broker Reference #: 001216

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Business Overview:

20-year-old, well-established coin laundry with a remarkable location is available for your acquisition. This business is located in a 4,302 SF retail strip center that is anchored by a prominent national grocery store bringing in a tremendous amount of foot traffic. The retail-strip center also has a very well efficient mix of retailers and international food establishments that serve the demographics suited for this business in a densely populated residential neighborhood. This laundromat was established in 2002 by the original owner and was acquired by the current owner in 2015. All machines have been immaculately maintained with the majority of them getting refurbished. This laundromat has a very mixed customer base consisting of a majority of Hispanics with low to mid-income (making this a prime location for laundromat business), from the nearby densely populated neighborhoods that have been built over 20 years. There are other laundromats in the area, but this laundromat is surrounded by many retailers and restaurants that bring in an immense amount of traffic to the area. Due to location and demographics, there is such high demand for coin laundry services but given such high demand, competition is relatively less fierce. The gross sales average of this laundromat is around $30,000 per month on Washer & Dryer alone and a wash & fold brings in another $4,000/month (currently charging $1/lb for the service which is below market, there is more room to increase revenue and profit for this service alone, the attendants receive a 20% commission). The business also provides an app service that provides customers to be able to pay for their laundry services through the app. The business has been growing consistently and had a slight decrease in revenue during Covid but has completely recovered and consistently grown. Although no marketing is in place for this business, other proactive marketing methods can be utilized to attract new customers from the growing population and provide a better experience to the current loyal customer base. There are many ways to proactively market this business, such as direct mailing, loyalty programs, and social media outlets. Upgrading the store and equipment will add long-term growth to the laundry, and this laundromat is anchored by a prominent national grocery store along with many international and national restaurants and retailers that bring immense traffic. This well-established coin laundry is ready for a potential buyer to be actively involved in the business operation while marketing to grow the business to maximum income capacity.

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Property Features and Assets:

This business is located in a 4,302 Square Feet retail strip center that is anchored by a prominent national retailer bringing in a tremendous amount of foot traffic. The retail strip center also has a very well efficient mix of retailers and national food establishments that serve the demographics suited for this business in a densely populated residential neighborhood. / Inventory: $1,000 (Included in listed price).

Market Competition and Expansion:

Competition: There are other laundromats in the area, but this is surrounded by many retailers and restaurants that bring in an immense amount of traffic to the site. Due to location and demographics, there is a high demand for coin laundry services, but given such high demand, competition is relatively less fierce. Growth and Expansion: Huge potential for growth due to the amount of traffic the area brings and the demographics of the area.

Reason for Selling:

Retirement.

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.

Documents:

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