SOLD – Coin Laundry
Prime location coin laundry in a high populated area is available for acquisition. This business was originally established over a decade ago in 2001 and was later acquired by the current owner of the business in 2011. Competition is expected for this industry, but this location has yet to drop in sales and has stayed relatively consistent without any proactive marketing. Most of the customers are Hispanic individuals from the surrounding densely populated neighborhoods and apartment complexes. Additionally, a new apartment complex is currently being built nearby this business which is expected to increase sales. Proactive marketing is crucial to the further growth of the business as the population of this city is growing every year and there are many untapped customers that have yet to know of this business. Utilizing the untapped areas and the new apartment complex will provide an increase in sales as well as customer acquisition. There are many proactive marketing methods such as direct mailing, bundle deals, loyalty cards, flyers, social media outlets, and additional services for folding laundry. A larger variety of vending machines may also be extremely beneficial to increasing sales as this accommodates the increased needs from the customers as the customer base increases through proactive marketing. This business has all the potential to generate large revenue as long as a potential buyer proactively markets this business while actively being involved in the day-to-day operations.