NOT DISCLOSED, Texas
| Asking Price |
$550,000 |
Year Established |
2006 |
|
| Annual Revenue |
$186,766 |
Reason for Selling |
Other Opportunities |
|
| Annual P/L |
$0 |
Attention |
Joseph Kim |
|
| Annual Cash Flow |
$86,854 |
Listing Number |
1009427 |
|
| # of Employees |
1 |
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
Coin laundry laundromat for sale! A great opportunity to acquire a long-standing laundromat located in a Fort Worth retail strip with low rent. Established in 2006 by the current owner, this business has been a consistent presence in the community for nearly 20 years.
The laundromat occupies 2,086 sq. ft. of leased space in a retail center surrounded by dense residential housing, including single-family homes and multiple apartment complexes. The customer base includes a mix of demographics, mostly made up of lower-income individuals and families.
The owner is minimally involved, mostly handles bookkeeping and coin collection. There is currently no marketing or advertising in place, presenting a clear opportunity for a new owner to grow the business through local outreach, digital marketing, and promotional efforts.
Additional growth potential exists through the addition of wash & fold services and pickup/delivery options, which are currently not offered. A hands-on operator could significantly increase revenue by being more actively involved in the day-to-day business.
The seller is seeking a qualified buyer to take over this well-established laundromat while unlocking the business' full potential.
Property Features and Assets:
<p>The laundromat occupies 2,086 sq. ft. of leased space in a retail center surrounded by dense residential housing, including single-family homes and multiple apartment complexes. / Inventory: $500 (Included in listed price).<br></p>
Market Competition and Expansion:
<p>Competition: Competition is to be expected in this industry. This laundromat stands out with its well-established location and dependable service. / Growth and Expansion: Growth potential exists through the addition of wash & fold services and pickup/delivery options, which are currently not offered. A hands-on operator could significantly increase revenue by being more actively involved in the day-to-day business.<br><br><br></p>
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