Business Summary:
A coin laundry business located in a prime location in East Dallas is up for sale. The previous owner established the business in 2006, and the current owner took over in 2020. The laundromat occupies a 3,000 square-foot free-standing building with ample parking space just off a major highway. It is surrounded by densely populated residential areas and small businesses.This coin laundry serves primarily lower-income individuals and families residing in the densely populated residential neighborhoods nearby. The area's demographics make it an ideal location for this business. While few competitors operate in the immediate market area, this business sets itself apart by offering superior customer service from bilingual attendants and maintaining a cleaner environment. The current owner has made updates and renovations since acquiring the business, including installing credit card readers on several machines for customer convenience. The business also added two 80-pound large-capacity washers to better serve customers with bulk laundry needs such as large families or third-party cleaning services.Since the acquisition, the sales of washers and dryers at this coin laundry business have been consistently around $9,000 - $10,000/month. In addition to this, the business brings in revenue from vending machines, selling laundry supplies, and bundle service. Despite minimal marketing efforts, the business enjoys strong word-of-mouth promotion and repeat customers. However, to achieve maximum income capacity and expand the customer base beyond the immediate market area, it is recommended to implement more proactive marketing strategies such as online and social media marketing, direct mailing, flyers, and acquiring commercial accounts from schools, restaurants, and churches.There are a few ways to boost revenue and income. Instead of retaining the current two attendants, having a full-time owner-operator can help the business save on payroll expenses and improve the quality of service, leading to higher profitability. This established coin laundry is a great opportunity for potential buyers who want to actively participate in the business and promote growth for maximum income potential.For more info, please call Kevin Chung at 1-866-519-2421.
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Growth/Expansion:
There are many ways to proactively market this business, such as direct mailing, door hangers, flyers, and more online and social media outlet presence. Marketing efforts on acquiring commercial accounts to schools, hotels, restaurants, etc. can also significantly improve sales. |
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