SOLD – Coin Laundry & Check Cashing

Business Description

Prime location large coin laundry with check cashing 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 of the business half a decade later in 2012. Most of the customers are middle-class Hispanics that live in the surrounding densely populated residential neighborhoods and many blue-collar individuals that work around the area. 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. Competition is expected for this business industry, but the only competitor within the area lacks in the size of their facility and has outdated machines that don’t work as well as this business. There are many ways to proactively market this business 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 boosting the quality of the 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.