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
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Brand New Coin Laundry with Less than Year Old Equipment
(Cleaning/Laundry Related)
Dallas, Texas
Listed Price: $ 650,000
Listing ID: 000898

Listing DetailsDown Payment: $ 325,000
Gross Revenue: $ 204,000
Cash Flow: $ 123,528
FFE: $ 350,000 (Included in Price)
Inventory: $ 500 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide substantial training to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Brand new and highly profitable coin laundry with machines less than one year old is available for acquisition. This business was originally established by the current owner in December of 2018. Most of the customers are a mix of demographics from the local community inside the densely populated residential neighborhoods and traffic that pass by the major roadway. Gross sales are $15,000/month from wash and $2,000/month in vending/game machine that is steadily growing with each month of operation. Competition can be expected for this business industry, but this business is the only coin laundry in the area that provides competitive price points with brand new machines. Although there is no marketing done other than word of mouth and free dry service with a purchase of a wash, other proactive marketing methods needs to be utilized for this business to generate more cash flow and acquire new customers from around the immediate market area. There are many ways to proactively market this business such as direct mailing, bundle service, door hangers, expanding vending machine selection and full-time owner involvement. Having a full-time owner-operator will allow the business to cut down on payroll expenses and increase profitability of the business as well as increasing the quality of service. This brand new coin laundry is ready for a potential buyer to actively involve themselves into the business operation while marketing to grow the business to maximum income capacity.


Competition:

Few competitors are within the immediate market area, but this is the only coin laundry in the area with brand new machines while providing a competitive price point to attract customers from all around the area.


Potential Growth:

There is no marketing done at the current time other than free dry service and word of mouth.


Financing/Terms:

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


LocationSquare Footage: 2650
Facilities:

This business is located in a 2,650 SF space of a retail strip center that is placed next to a high traffic road interlocked with many main streets in the local area. All equipment is brand new and less than a year old.


OperationYear Established: 2018
Employees: 1PT
Absentee Owner: Yes