Buy a Laundromat for Sale in East Dallas 001332
Price: $479,000
Location: Dallas County, Texas
Industry: Service Businesses/Laundromats & Coin Laundry
Listing ID: 001332
Buy a laundromat for sale in East Dallas! A fully equipped laundromat with newly machines is now available in East Dallas! The current owner acquired and replaced most machines three years ago, making significant improvements by replacing most machines with new Dexter models.
Strategically located in a prime area surrounded by apartments and single-family homes, this laundromat caters to mid to low-income individuals and families. Despite some competition, customer satisfaction, reliable machines, and competitive pricing have allowed this business to thrive.
Under the current owner's management, the business has shown steady revenue growth. However, proactive marketing efforts, such as flyers, discounts, loyalty punch cards, or social media contests could prove effective ways to capture a larger market share. Growth potential could be unlocked by implementing delivery services and acquiring corporate accounts. The laundromat is also currently providing free dry which is another missed opportunity.
Currently, the business operates with semi-absentee ownership. The owner oversees coin collection, while one full-time attendant handles daily operations, customer service, cleaning, and wash and fold services. Increased owner involvement or a full-time owner-operator could significantly boost cash flow by replacing the current attendant and reducing payroll expenses. This is a solid laundromat for a qualified buyer. Submit an NDA and Buyer Registration with V-AID to learn more!! A fully equipped laundromat with newly machines is now available in East Dallas! The current owner acquired and replaced most machines three years ago, making significant improvements by replacing most machines with new Dexter models.
Strategically located in a prime area surrounded by apartments and single-family homes, this laundromat caters to mid to low-income individuals and families. Despite some competition, customer satisfaction, reliable machines, and competitive pricing have allowed this business to thrive.
Under the current owner's management, the business has shown steady revenue growth. However, proactive marketing efforts, such as flyers, discounts, loyalty punch cards, or social media contests could prove effective ways to capture a larger market share. Growth potential could be unlocked by implementing delivery services and acquiring corporate accounts. The laundromat is also currently providing free dry which is another missed opportunity.
Currently, the business operates with semi-absentee ownership. The owner oversees coin collection, while one full-time attendant handles daily operations, customer service, cleaning, and wash and fold services. Increased owner involvement or a full-time owner-operator could significantly boost cash flow by replacing the current attendant and reducing payroll expenses. This is a solid laundromat for a qualified buyer. Submit an NDA and Buyer Registration with V-AID to learn more!
Down Payment: $239,500
Total Sales: $184,976
Cash Flow: $88,011
Inventory: $0 (Not Included in listed price)
Owner Financing: Yes
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 help ensure a smooth transition into the business.
Year Established: 2003
Employees: 1FT
Absentee Owner: Yes
Square Footage: 2,040 SF
Facilities Information:
Retail strip location surrounded by apartments and single family homes. The 2,040 sq. ft. facility has machines like new as most of the machines have been replaced by Dexter laundry machines within the last three years. There are also vending machines that help generate extra revenue.
Competition:
While there are other laundromats in the vicinity, this particular establishment enjoys a loyal customer base. Customers choose this laundromat for its dependable machines, competitive prices, and convenient wash-and-fold services.
Potential Growth:
Considering the substantial revenue generated by the business through the wash and fold service, it would be highly advantageous to add a delivery service and recruit a skilled salesperson or dedicated employee responsible for marketing the Pick-up and Delivery (PUD) corporate account. This strategic move would greatly benefit the business's overall growth and success.
Financing/Terms:
100% down at the time of closing or 50% Seller financing with 0% interest for qualified buyers.
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