Laundromat Business for Sale NE Dallas 001395
Price: $475,000
Location: Dallas County, Texas
Industry: Service Businesses/Laundromats & Coin Laundry
Listing ID: 001395
Laundromat business for sale in northeast Dallas County! An established coin laundry, suitable for a potential owner-operator, is now available for acquisition! This business was founded in 2013 and later acquired in 2022 by its current owner, the third in line. The laundromat offers typical services, including wash and dry and affordable bundle service, as well as various game and vending machines. It is located in a 3,800 sq. ft. suite within a retail strip center, surrounded by numerous neighborhoods and small businesses. The washers and dryers are 11 years old. All machines are working and being maintained to the highest degree before sale.
The customer base primarily consists of Hispanic individuals and families from all over the metroplex. Few competitors are nearby the area, but this business brings consistent sales as the competition has already established its own personal local customer base. This laundromat also stands as the preferred choice due to its clean, family-friendly environment and active ownership, ensuring customer satisfaction.
Currently, the business relies solely on word of mouth for marketing purposes. However, developing an online presence would greatly enhance awareness and enable opportunities to promote the bundle service.
The owner is actively involved in the business, managing it and handling coin collections and bookkeeping duties. It is highly recommended that a prospective buyer continue operations under the owner-operator model to maintain the friendly, quality services customers have come to expect. This is a lucrative opportunity for a qualified buyer seeking to take ownership of a well-established coin laundry business.
Down Payment: $237,500
Total Sales: $338,106
Cash Flow: $115,272
Inventory: $1,500 (Included in listed price)
FFE: $250,000 (Included in listed price)
Owner Financing: No
Franchise: No
Real Estate: No
Relocatable/Home-based: No
Reason For Sale:
Retirement
Training & Support:
Seller will provide two (2) weeks of training to allow a smooth transition into the business.
Year Established: 2013
Employees: 1FT/1PT
Absentee Owner: No
Square Footage: 3,800 SF
Facilities Information:
The Northeast Dallas County location is highly suitable for the industry, with great visibility and ease of access from a high-traffic roadway. The laundromat operates within a 3,800 sq. ft. facility along a retail strip center surrounded by other small businesses, apartment complexes, and single-family homes.
Competition:
Few competitors are nearby the area, but this business brings consistent sales as the competition has already established its own personal local customer base. This laundromat also stands as the preferred choice due to its clean, family-friendly environment and active ownership, ensuring customer satisfaction.
Potential Growth:
The laundromat business is on a steady growth trajectory each year. By ramping up bundle service offerings and introducing delivery services, there's significant potential for revenue expansion.
Financing/Terms:
100% cash at closing or 50% cash down with SBA financing available for qualified buyers.
