Rare Profitable 4 -Yr Old Dallas Laundromat

Business Overview:

We are delighted to present this simple pared down/ no-frills, newer, well-lit coin/ digital laundry in South Dallas with high quality machines that always work. If you have ever desired a laundry that it is practically absentee, this is it!

• Seller purposefully set up this laundry as a bare bones operation, which deters customers from staying there too long and hanging out. Ergo, no televisions, no internet connections for customers, concrete floor, etc. No fancy interior by a longshot. Simply new high quality machines that accept both coin and digital payments in a well-lit environment.

• Part of The uniqueness of this laundry is the fact the Owner only goes to the laundry twice a week to check on the machines and collect the income. Average time the owner spends in the store is 5-6 hours/week. Whereas, in most laundries, an Owner needs to be present probably 20 hrs./week.

• Additionally, the Seller does no wash and fold. However, there is an independent operator who has a separate business within the laundry providing bundle service. A potion of this goes through the machines; thus flows through to the Owner.

• Cleaning services, opening and locking the store are outsourced.

• Seller signed the lease 4 yrs ago for a closed down laundry with FFE that had to be trashed. He renovated the laundry and brought it back to life - At a cost of $95,000 for upgrading the utility infrastructure (plumbing, gas, electric and sewer, etc.) plus equipment install, etc.

• The new equipment cost was $239,090 - the laundry has a small footprint (+/- 1800 sf) , thus not as many machines as most laundries have. But again, it’s Profitable!

• Low Rent Lease: The laundry enjoys a low lease rate of $10/sf. Base rent plus triple net. Current lease payments including NNNs is only $2,064/mo. for +/- 1800 sf

• FFE amount above is the original cost only 4 yrs ago.

• Gross and SDE $96,000 straight from tax returns. The above figures are year end 2024.

• Utility bills, POS system info, and tax returns available after signed serious Letter of Intent.

• Note, that between closing costs, stocking up the bill changer, lease deposit, 1st month’s rent and utility deposits (which are higher for coin laundries than other retail), for many laundries one can expect an average of approximately $25,000 in Closing expenses in addition to the purchase price for coin laundries (depending on the lease amount, square footage, etc. That said, this one may come closer to $15,000. Suggest that a buyer has a minimum of $100,000 liquid capital before a loan.

Hours Open: Monday- Sunday 6am - Midnight

Competition:

Closest competitor about 2 miles away.

Growth & Expansion:

• New ownership could repaint the concrete flooring for a better appearance. 

• No marketing whatsoever is done

• New ownership could develop a website, or mobile landing page, send out mailers once a year, etc.

• If a new owner desires to be a full-time hands on operator and perform wash and fold functions, the earnings would be higher.

Support & Training: Support and training available via Seller for 2 weeks by mutually agreed appointments.

Reason for Selling: Seller will be relocating with family to Northern Arkansas.

This is not a solicitation or offering to sell securities.

Listing Broker Erin Bonner, Transaction Intermediary, Consultant & Business Broker.

Contact the Seller:

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.

Property Features and Assets:

1800 SQ. FT. - SEE BUSINESS DESCRIPTION

Market Competition and Expansion:

SEE BUSINESS DESCTIPTION

Reason for Selling:

SEE BUSINESS DESCTIPTION. Kindly ask the seller for more information.

Additional Details:

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