Coin Laundry Laundromat for Sale with Low Rent 001517
VIRTUAL TOURPrice: $550,000
Location: Tarrant County, Texas
Industry: Service Businesses/Laundromats & Coin Laundry
Listing ID: 001517
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¡¯s full potential.
Down Payment: $275,000
Total Sales: $191,991
Cash Flow: $87,559
Inventory: $500 (Included in listed price)
FFE: $150,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Other Opportunities
Training & Support:
The owner will provide training for an agreed-upon period of time to allow a smooth transition into the business.
Year Established: 2006
Employees: 1PT
Absentee Owner: No
Square Footage: 2,086 SF
Facilities Information:
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.
Competition:
Competition is to be expected in this industry. This laundromat stands out with its well-established location and dependable service.
Potential Growth:
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.
Financing/Terms:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
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