Coin Laundry with Consistent Sales

Not Disclosed, TX
Tarrant County

West Dallas


Asking Price: Annual Revenue:
$325,000 $288,418

Services: Dry Cleaning & Laundry


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RE: Coin Laundry with Consistent Sales Broker: Stephen Lee
License #: 567204

Quick Facts

Asking Price: $325,000
Annual Revenue: $288,418
Net Profit: Not Disclosed
Cash Flow: $76,043
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 3
BBN Listing #: 857519188
Broker Reference #: 001223

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Business Overview:

Two-decade established coin laundry with consistent and steadily growing sales is available for acquisition. The business was established in 2000 and was later acquired by the current owner in 2020. This laundromat is occupied in a 6,241 Square Feetq retail strip center with ample parking space just off the major highway in the city. A densely populated residential area surrounds it. The majority of the customers are Hispanic individuals and families from nearby densely populated residential neighborhoods and this area. Annual sales volume is around $310,000/year which is consistent on a year-by-year basis without any involvement in the operation. The owner's involvement is direly in need for this operation to thrive in the marketplace. Various services are provided at this coin laundry, such as wash & dry, bundle service, game machines, check cashing, etc. Many low-income families live in this area, and this coin laundry perfectly suits the demographics and ethnicity of this area. There are competitors in the area, but this business provides better customer service from bilingual attendants and a cleaner environment than the competitors. Currently, minimal marketing is in place other than word of mouth and return customers who enjoy. Still, more pro-active online and social media marketing, direct mailing, flyers, pick-up and drop-off services, and acquiring commercial accounts from schools, restaurants, and churches need to be utilized to achieve maximum income capacity and grow the customer base beyond the immediate market area. There are several ways to increase overall revenue and income immediately. Also, a full-time owner-operator, instead of hiring additional attendants, will allow the business to cut down on payroll expenses, increase business profitability, and improve the quality of service. This well-established coin laundry is ready for potential buyers to actively involve themselves 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 6,214 Square Feet space of a retail strip center that is placed next to one of the busiest highways in a city and surrounded by densely populated residential areas. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: There are competitors in the area but this laundromat has been established for over 20 years with established customers that provide consistent revenue and are located next to a busy freeway. Growth and Expansion: There is huge growth potential for this business as it is located by a busy freeway. Current prices for wash and dry are outdated and below market price. Rasing prices throughout the machines, as well as bundle service, can increase revenue and profitability significantly.

Reason for Selling:

Burnt Out

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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