SOLD – Coin Laundry
Well-established coin laundry optimally placed in the epicenter of a large community is available for acquisition. This business was originally established nearly two decades ago in 2000 and was acquired a couple of years later by the current owner of the business in 2005. Competition is expected for this type of business industry, but this coin laundry has the largest parking lot that can accommodate for large customer capacity and is beside an extremely busy intersection with immense traffic. Most of the customer are middle-class Hispanic individuals from the surrounding densely populated residential neighborhoods and is anchored by a nationwide grocery chain that brings constant foot traffic. Although no marketing has been done, other proactive marketing methods should be utilized to generate more cash flow and customer acquisition. There are many ways to market this business such as direct mailing, bundle deals, door hangers, large signage, vending machines, retail items, and hiring additional staff. Introducing more retail items and vending machines will increase the cash flow exponentially as customers expand within this location. Brand new Dexter machines were bought and installed recently that will attract more untapped customers over a period of time that will help increase cash flow. This business has everything in place for a potential buyer to proactively market this business as well as being fully involved in the day-to-day business operations.