Coin Laundry For Sale

Business Overview:

A well-established coin laundromat located in a busy retail shopping center in a northeast Dallas suburb is now available for acquisition. Founded in 1999 and acquired by the current owner in 2015, this laundromat has consistently demonstrated growth under its present management, providing typical self-service wash and dry with additional revenue coming from bundle service, retail soap sales, snack and soda vending machines, and arcade games.

Occupying a 4,400-square-foot facility in a thriving strip mall anchored by prominent national and regional retailers, this laundromat benefits from high visibility and easy access. It primarily serves a low to middle-income Hispanic demographic residing in nearby densely populated apartment complexes and residential areas. The strong demand in the area ensures that both competitors and this business experience a steady flow of customers requiring laundry services on a daily or weekly basis. The laundromat distinguishes itself through its well-maintained facility, high-quality equipment, prime location, and competitive pricing.

Despite benefiting from word-of-mouth referrals and a loyal customer base with minimal marketing efforts, there is significant potential for growth. To achieve maximum income potential and expand the customer base beyond the immediate area, a new owner should consider implementing more proactive marketing strategies, such as online and social media campaigns, direct mail, flyers, and enhanced loyalty programs.

Currently, the laundromat offers a bundling service managed by the attendant, with all revenue from this service going directly to them. Arcade game profits are split 50/50 with the vendor. A new owner could renegotiate this revenue-sharing arrangement and potentially replace existing arcade games with their own machines to boost profitability. There is also ample space for additional revenue-generating machines, such as quarter pushers or massage chairs.

Day-to-day operations are managed by a full-time attendant, while the current owner is semi-absentee, handling coin collections and equipment maintenance as needed. This well-established laundromat presents a lucrative opportunity for a qualified buyer to enhance its strong market presence and grow the customer base through targeted marketing and strategic operational improvements.

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Property Features and Assets:

This business occupies a 4,400-square-foot facility in northeast Dallas County within a thriving strip mall anchored by prominent national and regional retailers, this laundromat benefits from high visibility and easy access. / Inventory: $2,000 (Included in listed price).

Market Competition and Expansion:

Competition: There are other competitors within the immediate market area, but the demand in the area is strong enough for both competitors and this business to have an overflow of customers who require these services on a daily or weekly basis. This laundromat stands out in a competitive landscape due to its well-maintained facility, high-quality equipment, prime location, and competitive pricing, which collectively contribute to its strong market position. / Growth and Expansion: Proactive marketing efforts can drive growth. Revenues from bundle service can be renegotiated. Game and vending machines can be replaced by the owner to receive full income, rather than a 50/50 split with the vendor. There is space for more game machines, vending machines, or massage chairs to be installed. Additionally, an active owner-operator can reap the full income potential this business has to offer by saving wage expenses, providing high-quality customer service, and directly overseeing the operation.

Reason for Selling:

Other Opportunities

Additional Details:

Documents:

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