V-AID Negotiates Sale of Coin Laundry at Josey Lane
Carrollton – Well-established owner-absentee coin laundry at Josey Lane is now under new ownership since April 7th, 2021. Acquired by DTHANG, Inc., this 2,272 SF space of a retail strip center located at 1235 S. Josey Ln. #651, Carrollton, TX, is now ready to provide you various laundromat services.
Moon Kim and Kevin Chung with V-AID Business Investment, as an exclusive agent for Coin Laundry at Josey Lane, provided sell-side advisory services for the owner of this business from business valuation, marketing, negotiating the sale to transfer of business ownership. V-AID Business Investment is a fully-fledged business brokerage firm that assists the business owner to sell their business for the maximum value while finding the right buyer who can continue to grow the business.
Coin Laundry at Josey Lane was originally established in 2005 and later acquired by H & L Coin Laundry, LLC. in 2012. This laundromat offers a variety of services such as wash & dry, retail sales, bundle service, etc. In this business, full-time attendants are always on hand to help customers through customer service in case of any problems and provide a bundle service. This coin laundry is perfectly suited to the demographics of this area where the business is located as a majority of the population in this area is Hispanic.
“The buyer was a first-time business buyer and with creative financing terms, the transaction was completed smoothly and in much less time and effort had the buyer gone through conventional third-party financing. The understanding of the nature of this business by both parties made the transaction possible and both parties are looking forward to their next venture,” said Kevin Chung, senior business intermediary of brokerage team for V-AID Business Investment in Dallas.
Since 2001, V-AID, Business Brokers in Dallas, has been specializing in selling small to mid-size businesses in the main street to the lower middle market. V-AID’s experienced team of experts has a proven strategy that will ensure strict confidentiality, a streamlined selling process, and the maximum value for the business. With deep expertise accumulated from hundreds of done deals, V-AID delivers superior results by providing clients with strategic planning and creative solutions tailored to each transaction. Combining V-AID’s proprietary database of buyer networks and industry-leading marketing, V-AID offers a proven selling method that has been the solution to a value-added exit for hundreds of business owners.