Coin Laundry business for sale

Coin Laundry business for sale in Denton County! This long-established coin laundry, in operation since 2005, is now available for sale. The current owner has operated the business since 2015 and has maintained minimal day-to-day involvement. Over the years, the laundromat has built a strong reputation and is relied upon by loyal customers from the surrounding residential community. The facility is well-equipped, with 90% of its machines being Speed Queen washers, and has recently been updated with new water heaters and air conditioning units.

Located in a busy shopping center, the business benefits from high foot traffic and close proximity to apartment complexes and residential neighborhoods. The area is densely populated and primarily serves lower-income families and individuals, making it a great fit for a self-service laundromat. While there is a smaller competitor nearby, this laundromat stands out due to its long-standing presence and higher quality of service.

The laundromat is currently fully attended with 2 full time employees with the current owner managing coin collection and book keeping. A more hands on operator is needed and ramp up marketing and offer new services like pick-up and delivery. Currently wash and fold service is offered, which generates $1,500 to $2,000 in revenue but all profits are kept by the employees. A new owner could take advantage of growth opportunities by launching digital and social media campaigns, distributing flyers, running direct mail promotions, or building relationships with local commercial clients.

This is a great opportunity for someone looking to enter the laundromat business or for an experienced operator wanting to expand. With reliable equipment, a loyal customer base, and strong potential for growth, this business offers a solid foundation for future success.

Furniture, Fixtures & Equipment: $175,000 (Included in listed price)
Inventory: $500 (Included in listed price)
Financing: 100% cash down at closing
Year Established: 2005
Employees: 2FT

Facilities: Located in a large shopping center in North Dallas with nearby apartment complexes and residential neighborhoods, the area is densely populated.
Support/Training: The owner will provide training for an agreed-upon period of time.
Reason Selling: Other Opportunities
Competition: Although there is a smaller competitor in the vicinity, this laundromat distinguishes itself through its longevity and higher quality of service.
Growth And Expansion: Implementing proactive marketing strategies?such as online and social media marketing, direct mail campaigns, flyers, and targeting commercial accounts?could significantly boost revenue.