Laundromat Business for Sale With New Machines 001321

Laundromat business for sale! Brand new coin laundry with a prime Dallas location is now available for acquisition! This laundromat was recently established at the month-end of January 2022 by the current owner. The laundromat occupies a spacious 6,000-square-foot facility with ample parking space just off a major highway. The business is surrounded by densely populated residential areas and other businesses that draw consistent foot traffic. The customer base is over 80% Hispanic, with lower to middle income.

Despite facing competition in the market area, the demand for these services remains strong, thanks to the surrounding demographic. This laundromat also offers key advantages over the competition. Customers will immediately notice the spacious 6,000 sq. ft. state-of-the-art facility, which exceeds the average size and provides ample space for machines and folding tables. Moreover, this laundromat is equipped with brand new top-of-the-line Continental machines that accept both credit card payments and quarters. The attendants diligently maintain the facility to ensure an enjoyable laundry experience in a pristine environment. Another noteworthy aspect of this laundromat is its affordable rent, which covers NNN expenses. This translates to lower operating costs in comparison to other laundromat facilities. Lastly, customers have access to a convenient check-cashing office that helps attract additional foot traffic to the business.

No marketing efforts are currently being made to promote the business. To generate awareness for this brand-new laundromat, proactive marketing would be very beneficial. It is recommended to employ a range of proactive marketing strategies, including online and social media marketing, direct mail campaigns, offering a loyalty program, distributing flyers, and securing commercial accounts from schools, restaurants, and churches.

Under the current owner's management, the business has averaged $18K a month and growing during 2023. However, there is untapped potential that can be unlocked in several ways. This laundromat could explore optional services such as wash and fold 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 attendants, and significantly reduce payroll expenses. There is also a vacant space inside the business that could be rented out for $1,200 - $1,500 per month. Alternatively the space could be utilized for additional game machines, vending machines, or other income sources.

Currently operating as a semi-absentee business, the current owner primarily oversees coin collection while relying on the three full-time attendants to handle daily operations and maintain the facility. This presents a perfect opportunity for a strategic buyer with industry experience willing to undertake proactive marketing to grow the business to the next level.