LAUNDROMAT SUPER CENTER
ARLINGTON, TEXAS
MLS #883-90439
LISTING DETAILS
PRICE: $ 650,000
REVENUE: $ 436,255
NOI/CASH FLOW: $ 162,980
EST. FF&E: $ 350,000 *
EST. INVENTORY: $ 2,500 *
*Included in price
Business Overview
MODERN, BUSY LAUNDROMAT
Open every day from 7 AM to 9 PM, this laundromat provides unparalleled convenience for its customers. Whether you’re a busy professional, a parent juggling multiple responsibilities, or someone who simply values flexibility, the laundromat’s extended hours ensure you can always find time to take care of your laundry needs.
The facilities are equipped with state-of-the-art machinery, designed to deliver efficient and effective laundry services. In addition to self-service options, the laundromat offers a wash and fold service, allowing customers to drop off their laundry and pick it up, cleaned and folded, at their convenience.
Cleanliness is a top priority, with the laundromat consistently maintaining a clean, brightly lit, and welcoming environment. This combined with a friendly and attentive staff, create a seamless and pleasant experience for every guest. This commitment to high standards in every aspect of the business reflects a genuine dedication to enhancing the daily lives of those it serves.
Property Features & Assets
This laundromat is housed in a sizeable, freestanding 4,000 square foot building specifically renovated in 2018 to a laundromat, designed with the customer’s ease in mind. With ample parking available, it is easy for customers to access the facility from the moment they arrive. Customers have better things to do with their time than to do laundry. This laundromat has 60 washers and 58 dryers that can accommodate peak laundry days and hours, offering customers the ability to complete their laundry tasks quickly and efficiently.
Unlike many laundromats that hit the market with outdated and worn-out equipment, this facility stands out with machinery that has only been in use for 6 years Typically the life of laundromat equipment can be as much as 20 years. The equipment is well maintained and consistently kept in good working order. The laundromat has a well-lit interior and exterior, making it not only easy to see but also providing a sense of safety and warmth.
Incorporating modern technology, the laundromat utilizes an in-house laundromat card system, eliminating the hassle of customers having to have rolls of quarters and you, the operator, having to go around collecting quarters from 118 machines, counting them and then having to reload them into a changemaker. This system also accepts credit and debit cards which is another significant benefit and convenience for customers that coin only laundromats cannot do. Credit and Debit Cards account for over half the business revenue. Ease of payment choices enhances the enjoyable experience that customers will appreciate each time they visit.
Market Competition
This location stands head and shoulders above the competition in the marketplace. It’s on a main road that experiences over 60,000 cars a day driving by. It’s well-lit so it’s a beacon at nighttime. The cleanliness; ease of parking and access; easy payment methods and enhanced visibility from large glass windows are very inviting. No other competitor in the market area combines all these elements together at the same time. This makes a customer offering and appeal that is unique to this location.
Growth, Expansion, & Marketing:
In addition to its prime location, the laundromat offers a variety of services designed to meet the diverse needs of its patrons. Guests can enjoy self-service amenities like personal folding stations or drop-off wash, dry, and fold services, all provided by a friendly and helpful team. The commitment to providing a personal touch and quality workmanship ensures a superior customer experience.
With its strategic location, high traffic count, strong visibility, and dedication to customer satisfaction, the laundromat continues to be a premier choice for residents in Arlington and the surrounding areas.
Reason for Selling
The owner is ready to retire.