Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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High Volume Coin Laundry
(Cleaning/Laundry Related)
Dallas, Texas
Listed Price: $ 1,450,000
Listing ID: 001002

Listing DetailsDown Payment: $ 223,500
Gross Revenue: $ 516,581
Cash Flow: $ 271,830
FFE: $ 750,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Well-established coin laundry in a prime location of Dallas is now available for sale. This business was established by the previous owner in 2008 and was acquired by the current owner in 2018. The business is occupied in a 4,558 SF space of a busy retail strip center located in a prime location surrounded by densely populated residential neighborhoods. Most of the customers are low to middle-class Hispanic individuals from the surrounding densely populated residential neighborhoods. Few competitors are within the immediate market area, but this coin laundry is perfectly suited to the demographics of this area as a majority of the population in this area is Hispanic. Gross sales average of this laundromat is around $520K to 540K per year that has been consistent over the last several years without any proactive marketing done to promote the business. There are many ways to proactively market this business such as direct mailing, bundle service, door hangers, flyers, and more online and social media outlet presence. Having a full-time owner-operator will allow the business to cut down on payroll expenses and increase the profitability of the business as well as increasing the quality of service. This well-established 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 business provides better customer service from active employees and a cleaner environment than the competitors as the machines are relatively newer and very well maintained.


Potential Growth:

Proactive marketing is needed to generate more cash flow as well as a full-time owner-operator that can cut payroll expense.


Financing/Terms:

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


LocationSquare Footage: 4558
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. Major equipment is brand new and less than 1-2 years old.


OperationYear Established: 2008
Employees: 4FT
Absentee Owner: Yes