Laundromat for sale Dallas location! A laundromat with recently replaced washers is now available for acquisition. The current owner acquired this laundromat in 2018 and has since replaced all washers with brand-new Dexter machines, renowned as a top-tier brand in the industry for their durability and high efficiency. The location of this business is ideal, surrounded by single-family residences predominantly occupied by mid to low-income individuals and families. This laundromat is a great opportunity for those looking to enter the laundromat industry or seasoned operators that can turn this around as the business has not reached full potential. Current revenues are around $6k to $7k a month and the current owner is never involved except book keeping as the attendant runs the day to day. Although there is currently no marketing in place, implementing proactive marketing efforts such as direct mailing, bundle services, prominent signage, expanded retail offerings, and increased owner involvement could prove highly beneficial. The presence of a full-time owner-operator would eliminate payroll expenses and help grow the business. A full-time attendant is responsible for daily operations, customer service, cleaning, and wash and fold services. There is potential for growth by implementing price increases and expanding to the empty space next to it. Moreover, the attendant retains 100% of the income from the wash and fold service, which could be restructured to be shared with the new owner. In summary, this laundromat presents a solid investment opportunity with all essential elements in place for smooth business operations.
- Asking Price:
- $79,000 Furniture / Fixtures included
- Sales Revenue:
- $55,697
- Cash Flow:
- $20,853
Property Information
- Real Estate:
-
Lease
- Location:
-
Retail strip location surrounded by single-family residences nearby a major highway, with high visibility and ease of access. The facility is 1,200 SF, and all washers were replaced by dexter machine four and a half years ago. There are also vending and game machines that help generate extra revenue
- Size in square feet:
- 1,200 SF
Business Operation
- Expansion Potential:
-
There is an empty space next to the laundromat that can be used to expand the current business. Pricing can be increased while still remaining competitive. Income from wash and fold services can be split with the owner. Full-time owner involvement could replace unnecessary employee costs.
- Competition / Market:
-
There are few competitors. However, this establishment has cultivated a devoted clientele who appreciate the dependable machines, competitive pricing, and exceptional wash-and-fold services offered by this business.
- Reasons for selling:
-
Other Opportunities
- Employees:
- 1FT
- Years established:
- 2010
