Laundromat for sale with newly replaced machines 001199
Laundromat for sale with newly replaced machines in a prime location well-established in Dallas. This business was originally established by the current owner in 2004. It is in a 4,800 SF end-cap space of a retail strip center next to the busy intersection surrounded by many businesses and densely populated residential areas. To fully utilize the space, there is a sublease agreement with independent financial services for $1,100/month. Most of the customers are low to middle-class individuals and consist of a good mix of ethnic groups from the surrounding densely populated residential neighborhoods and local businesses.
In contrast, Hispanic customers are predominant in this business. Competition is expected for this business industry, but this business has a relatively large facility and very well-maintained equipment compared to other competitors. Most equipment has been replaced as brand new within the last five years to keep up with demand and satisfy the customers. This business provides free drying for the customers and generates an average of $28,000-$30,000 per month from the washers, retail sales, wash & fold, and an additional $1,100/monthly sub-lease rent. Although this is a coin laundry business, proactive marketing tactics, especially all online and social media platforms, must be utilized to generate maximum income capacity while growing the customer base outside the local area. A full-time owner-operator will be extremely beneficial for this business as it will cut payroll expenses on having unnecessary employees and boost the quality of customer service. Expanding bundle service by having a full-time owner-operator can greatly improve sales and increase service quality. Also, suppose a new owner can add PUD (Pick-up and Delivery) service by hiring additional employees, offering loyalty programs, and implementing card payments. In that case, the owner can certainly increase much more revenues for the business now as the demand is huge for the area. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
This business is located in a 4,800 SF end-cap space of a retail strip center surrounded by an enormous presence of retail chains and densely populated residential areas. All major equipment has been newly replaced with top-of-the-line in the past five years.
This business has built a very solid customer base for the past 17 years and received good reviews from many customers due to its quality improvement through continuous equipment replacement.
Minimal marketing is in place, and proactive marketing methods are needed to achieve maximum income potential fully. Adding game machines could generate an additional $1,500-$2,000 monthly income.
100% down at closing. SBA financing