SOLD – 40 Year Coin Laundry

Business Description

Prime location coin laundry operating for nearly 40 years with well-maintained machines and facility in Dallas 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 offices that attract numerous people to the area. The 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 machines, bundle service, and arcade games. Although there was no marketing done throughout the years of operation, pro-active marketing tactics need to be fully utilized to keep increasing 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.