Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
Broker Contact Form
Name

Email

Phone

Comment


Three Decade Established Coin Laundry with Well Maintained Machines
(Cleaning/Laundry Related)
Dallas, Texas
Listed Price: $ 110,000
Listing ID: 000838

Listing DetailsDown Payment: $ 55,000
Gross Revenue: $ 89,376
Cash Flow: $ 19,503
FFE: $ 100,000 (Included in Price)
Inventory: $ 500 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location coin laundry operating for nearly 40 years with well maintained machines and facility is now available for acquisition. This business was originally established about 4 decades ago in 1980 by the previous owner and was acquired by the current owner in 2014. This 2,400 SF retail strip center space that this coin laundry occupies is conveniently located just off a major highway and is surrounded by densely populated residential neighborhoods as well as small retail shops and office that attract numerous people to the area. Overall demographics of the business are middle-class individuals that are composed of a mix of ethnic groups from nearby neighborhoods, local businesses and offices. Competition is normally expected for this business industry, but there is no coin laundry in the immediate market area that is remotely close or shares the customer base. Various services are provided at this coin laundry that can range from wash, dry, soaps, vending machine, bundle service and arcade games. Gross sales of this coin laundry have been consistent for the last several years running at around $85,000 per year due to its location and strong customer base without any marketing done to promote the business. Although there was no marketing done throughout the years of operation, pro-active marketing tactics needs to be fully utilized to keep increasing the sales and acquire customers from untapped regions. There are many ways to proactively market this business such as direct mailing, bundle deals, loyalty cards, door hangers, additional retail items and expanding vending machine variety. Full-time owner involvement or attendant will be needed to help the business operate much smoother and increase bundle services done as the demand is huge for the area. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

There is no direct competitor within the immediate market area.


Potential Growth:

There is no pro-active marketing done at the current time for this business other than word of mouth.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2400
Facilities:

This 2,400 SF retail strip center space where this coin laundry is located is next to one of the busiest highways of the city and has easily accessible roadways which can bring numerous people from the surrounding densely populated residential neighborhoods.


OperationYear Established: 1980
Employees: 1PT
Absentee Owner: No