Coin Laundry Business for Sale in West Dallas, TX.

Featured on BusinessForSale.com . 28 viewed

Asking Price

$1,200,000

FOR SALE - ACTIVE

Detailed Information

Location

West Dallas, Dallas County,Texas, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

A thriving coin laundry business located in West Dallas is up for sale. Established in 2021 by the current owner, the business has seen steady growth thanks to its clean facilities and top-notch services. Situated in a bustling shopping center with heavy foot traffic, the 2,688-square-foot facility primarily caters to a local Hispanic customer base. Despite nearby competition, the demand for coin laundry services remains high due to the area's demographics. Sales at the laundromat have been on an upward trajectory since its inception, reaching $388K in 2023 from $215K in the first year. The business is projected to continue expanding, with January and February sales already showing promising increases compared to the previous year. While the wash and fold service currently represents a small percentage of overall sales, there is potential for growth by introducing additional services like pick-up and delivery. With affordable rent and a loyal customer base, this opportunity offers a solid foundation for further growth and success in the industry.

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