Hot Listing

Sale Pending-Dry Cleaners drop station/ Laundromat combo for sale

Asking Price$250,000

Cash Flow
$70,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$205,470

Inventory$3,500
Included in asking price
FF&E$202,000
Included in asking price
wash & fold
parking lot view
front doors
washing machines
dryers
customers
wash & fold
parking lot view
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Hot Listing

Sale Pending-Dry Cleaners drop station/ Laundromat combo for sale


Asking Price$250,000

Cash Flow
$70,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$205,470

Inventory$3,500
Included in asking price
FF&E$202,000
Included in asking price
Business Description
Founded in 2015, our small-town dry cleaners drop station and laundromat has established itself as a prominent service provider in the area, being the sole establishment of its kind. We have garnered a reputation for our commitment to cleanliness, meticulous maintenance, and attentive management, offering reliable wash & fold and alteration services.
Our wash & fold service presents significant potential for expansion and profitability. The facility is equipped with 12 washing machines, 18 dryers, an automated teller machine (ATM), two coin changers, as well as vending machines for snacks and laundry supplies. Additionally, we provide a well-maintained restroom that includes a baby changing station for the convenience of our clients.
In 2020, we enhanced our offerings by introducing a drop station for dry cleaning, which has contributed to a steady increase in sales annually since its inception. We remain dedicated to fulfilling the needs of our community by ensuring that we provide superior dry cleaning and laundry services.
About the Business
Years in Operation
10
Employees
5
Facilities & Assets
Leased facility in a shopping strip off Main Street in Lytle, Texas. It is 2,400 sq feet the drop station is 800 sq feet and the laundry area is 1600 sq foot. Includes plenty of free parking areas, cool AC building with well LED lighting in the center of town in a safe , secure location. There's seven years left in the lease.
Website
https://www.lytlelaundry.com
Market Outlook / Competition
The business is located in the heart of downtown Lytle, just off the main street in a popular shopping strip that includes a busy restaurant and a barber shop. The Dry Cleaners and Laundromat is the only establishment of its kind in town, giving it a competitive advantage with no other similar businesses in the area.
Opportunities for Growth
There is a great opportunity to expand the wash and fold business as well as dry cleaning. The city of Lytle is being called the fastest growing city in Atascosa County. The current population is estimated at 2,800, but city leaders feel it's just a matter of time before Lytle's population soars due to expected developments. With these new ventures anticipated in the near future and the already added population due to the annexation of a new subdivision, this thriving city typifies its motto, "Lytle - A City on the Grow".
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,400
Rent
$3,500.00 per month
Lease Expiration
5/2/2031
About the Sale
Seller Motivation
I need to be home with my elderly mom who has Dementia.
Transition Support
I will provide two weeks of support and training as well as how to maintain common maintenance of the washing machines.
Financing Options
Please sign the attached NDA and email to drycleaners.washateria@gmail.com
Listing Info
ID
2294472
Listing Views
7210
Attached DocumentsAttachment Disclaimer

Hack_NDA_2_.docx

Business Location

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Business Listed by: Monica Hack

Listing ID: 2294472 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.