23-Yr Est. Prime Location Coin Laundry in E. Dallas 001184
23 year old, well-established coin laundry with top-of-the-line machines placed in a densely populated residential area in Northeast Dallas is available for acquisition. This laundry is occupied in a 4,400 SF space of a retail super center anchored by 3 prominent national and regional retailers surrounded by a densely populated residential area. This business was originally established over two decades ago in 1999 by the first owner and was later acquired by the current owner in 2015. After the current owner's acquisition, the facility has been fully renovated with plumbing redone, and 95% of the washers was replaced as brand new with top-of-the-line equipment. Most of the customers are Hispanic individuals (85%) that live in the densely populated residential neighborhoods with a high population count. Competition is expected for this large industry, but the demand in the area is plenty enough that competitors and this business have an overflow of customers who always need its services daily or weekly. This business is also very competitive due to its top-of-the-line equipment and being in a retail supercenter with 3 national and regional retailers bring in an incredible amount of foot traffic. The gross sales average of this laundromat is around $25K per month on Washer & Dryer alone with retail soap sales, coke and snack vending machines, and arcade games bringing in another $1300/month profit. The business has been rapidly growing since the current owner's acquisition due to equipment and facility upgrades, but the growth would have been much steeper without covid-19. 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, more loyalty programs, and social media outlets. There is a bundling service available from the attendant, but all the revenue goes to the attendant about $200/month and the arcade game profit is split 50/50 as the machine is provided. A new owner can take it back from the attendant and replace the arcades with their own if desired, which brings more profits to the new owner. Also, for the size of the facility it is lacking games such as quarter pushers and other money-making machines such as massage chairs to regenerate more income. This well-established coin laundry is ready for a potential buyer to actively involved in the business operation while marketing to grow the business to maximum income capacity.
2 week training & support for a smooth transition
This business is located in a 4,400 SF Supercenter that is anchored by 3 prominent national and regional retailers bringing in a tremendous amount of foot traffic. The supercenter also has a very well efficient mix of retailers that serve the demographics suited for this business in a densely populated residential neighborhood.
There are other competitions in the immediate market area but this business has more and newer machines compared to the competition.
Machines are in excellent condition and wont need to be replaced anytime in the near future. Adding more games like quarter pushers and this location has plenty of room to add more features like massage chairs.
100% down at the time of closing or 25% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.