Laundromat and Car Wash for Sale with Real Estate in E Dallas 001424
Price: $1,000,000
Location: Dallas County, Texas
Industry: Service Businesses/Laundromats & Coin Laundry
Listing ID: 001424
Laundromat and car wash for sale! A well-established laundromat and car wash, including real estate, is now available for acquisition in East Dallas. Originally founded in 1980 by a previous owner, the business was acquired by the current owner in 2021. Since its inception, sales have remained consistent. The coin laundromat offers self-serve wash and dry services, while the car wash features four self-serve bays with vacuum stations.
The location in East Dallas is ideal for both industries, situated in a densely populated residential area surrounded by single-family homes, convenience stores, and other small businesses. The typical customer base consists primarily of middle-class Hispanic and African American individuals and families.
Despite the presence of several competitors in the local area, the market is saturated and set, preventing new competition from entering. This business distinguishes itself with quality, convenient services in a highly visible location, allowing customers to wash their laundry and car simultaneously at adjacent facilities.
The business has maintained consistent sales without significant marketing efforts, relying on word of mouth, a prime location, and newer machines to attract a loyal customer base. However, proactive marketing through direct mail and securing corporate accounts could further enhance revenue growth.
Currently, the business operates on an absentee owner model, with the owner primarily handling coin collection and bookkeeping. A hands-on owner-operator could significantly reduce wage expenses and benefit from increased cash flow. This presents a lucrative opportunity for a qualified buyer to acquire a well-established coin laundromat and car wash, complete with real estate, in East Dallas.
Down Payment: $200,000
Total Sales: $315,698
Cash Flow: $167,930
Inventory: $1,500 (Not Included in listed price)
FFE: $300,000 (Included in listed price)
Real Estate Price: $600,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: Yes
Relocatable/Home-based: No
Reason For Sale:
Other Opportunities
Training & Support:
The owner will provide ample training to allow a smooth transition into the business.
Year Established: 1980
Employees: 2PT
Absentee Owner: Yes
Square Footage: 2,500 SF
Facilities Information:
The laundromat is 2,500 sq. ft. and has a 1,500 sq. ft. storage space attached. The car wash in the adjacent facility is 1,728 sq. ft. Both facilities are well maintained.
The location in East Dallas is ideal for both industries, situated in a densely populated residential area surrounded by single-family homes, convenience stores, and other small businesses.
Competition:
Despite the presence of several competitors in the local area, the market is saturated and set, preventing new competition from entering. This business distinguishes itself with quality, convenient services in a highly visible location, allowing customers to wash their laundry and car simultaneously at adjacent facilities.
Potential Growth:
Proactive marketing through direct mail, securing corporate accounts, and adding a wash and fold service could further enhance revenue growth. Additionally, an active owner-operator could increase revenues and benefit from higher cash flow.
Financing/Terms:
100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
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