For Sale Laundromat With Newly Replaced Machines 001298
For sale: a fully-equipped laundromat with newly replaced machines and a prime central Dallas location is now available!! This well-established laundromat was acquired by the current owner in 2018, who has since made significant improvements by replacing most of the machines with brand-new Dexter machines. Along with the washer and dryer replacement, the owner installed three 7 ton A/C units when acquiring the business.
Situated in a prime location for the industry, this laundromat is surrounded by apartments and duplexes, catering to mid to low-income individuals and families. Despite the presence of competitors, this business has managed to thrive by keeping customers satisfied and returning with highly reliable machines and the most competitive pricing in the area.
Under the current owner's management, the business has experienced steady growth in overall revenue, with a projected 10% increase in 2023. However, there is untapped potential that can be unlocked through proactive marketing efforts, such as flyers, and delivery services . Increased owner involvement and the presence of a full-time owner-operator could also significantly increase cash flow by replacing the current attendant as the attendant takes all the income from wash and fold and retail sales and reduce payroll expenses. There is also a small space that could be utilized to rent out for check cashing that could provide rental income and bring additional foot traffic to the business.
Currently operating as a semi-absentee business, the current owner primarily oversees coin-collection while relying on one full-time and one part-time attendant to handle daily operations, customer service, cleaning, and wash and fold services.
The owner will provide training for an agreed-upon period of time to help ensure a smooth transition into the business.
Retail strip location surrounded by apartments and duplexes. The facility has machines like new as most were replaced four and a half years ago. All three A/C units were replaced when the owner took over. Most of the machines have been replaced by Dexter laundry machines. There are also vending and game machines that help generate extra revenue.
There are a few other laundromats nearby. However, this laundromat enjoys a loyal customer base that prefers the reliable machines, competitive pricing, and wash-and-fold customer services provided by this business.
Prices for washers need to be increased as they are one of the lowest among laundromats. An owner operator could eliminate payroll expenses and take over the income from wash and fold and retail as the current attendant takes all the profits. There is also a small space that could be rented out for check cashing that will generate rental income and bring additional traffic as the area is currently lacking check cashing services.
100% down at the time of closing or 50% Cash Down with Third Party Financing for Qualified Buyers with Industry Experience.