Laundromat Business For Sale

Business Overview:

For sale: a fully-equipped laundromat with newly replaced machines and a prime central Dallas location is now available!! This well-established laundromat was acquired by the current owner in 2023. All machines are dexter machines that was retooled in 2018 along with three 7 ton A/C units.

Situated in a prime location for the industry, this laundromat is surrounded by apartments and duplexes, catering to mid to low-income individuals and families. Despite the presence of competitors, this business has managed to thrive by keeping customers satisfied and returning with highly reliable machines and the most competitive pricing in the area.

Under the current owner's management, the business has experienced steady growth in overall revenue. However, there is untapped potential that can be unlocked through proactive marketing efforts, such as flyers, 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 attendant as the attendant takes all the income from wash and fold and retail sales and reduce payroll expenses. There is also a small space that could be utilized to rent out for check cashing that could provide rental income and bring additional foot traffic to the business.

Currently operating as a semi-absentee business, the current owner primarily oversees coin-collection while relying on one full-time and one part-time attendant to handle daily operations, customer service, cleaning, and wash and fold services.

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Property Features and Assets:

Retail strip location surrounded by apartments and duplexes. The facility has machines like new as most were replaced 6 - 7 years ago. All three A/C units were replaced at the same time. All machines consist of Dexter Machines. There are also vending and game machines that help generate extra revenue. / Inventory: Not Disclosed.

Market Competition and Expansion:

Competition: There are a few other laundromats nearby. However, this laundromat enjoys a loyal customer base that prefers the reliable machines, competitive pricing, and wash-and-fold customer services provided by this business. / Growth and Expansion: Prices for washers need to be increased as they are one of the lowest among laundromats. An owner operator could eliminate payroll expenses and take over the income from wash and fold and retail as the current attendant takes all the profits. There is also a small space that could be rented out for check cashing that will generate rental income and bring additional traffic as the area is currently lacking check cashing services.

Reason for Selling:

Additional Details:

Documents:

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