Coin laundry sale with high volume check cashing 001055

Coin laundry sale with high volume check cashing. Prime location large coin laundry with check cashing/money transfer in Dallas is available for acquisition. This business was originally established in 2007, over a decade ago, and was later acquired by the current owner in 2020. Most customers are middle-class Hispanics living in the surrounding densely populated residential neighborhoods and many blue-collar individuals working around the area. Competition is expected for this business industry, but this business has a relatively large facility and very well-maintained equipment compared to other competitors. Gross Income for the coin laundry business has been in the range of $180-200K, and net commission income from the check-cashing and money transfer business have been around $80-90K per year, both of which have been consistently growing over the last few years until the Covid-19 breakout in March 2020. Retail soap sales, vending machines, various game machines, and other income bring an additional net income of $85-90K annually. Although this is a coin laundry business, proactive marketing tactics need to be in place for this business to fully utilize the operation to generate maximum income capacity while growing the customer base outside the local area. There are many ways to market this business proactively, such as direct mailing, bundle services, tall signage, more retail items, and more owner involvement. A full-time owner-operator will be extremely beneficial for this business as it will cut payroll expenses on having unnecessary employees and boost the quality of customer service. 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.