SOLD – Coin Laundry with Real Estate with brand new machines
Well-established coin laundry with brand new machines and pay-to-play arcade machines is available for acquisition. This business was originally established over a decade ago in 2004 and acquired by the current owner of the business later in 2016. Most of the customers are low to middle-class individuals that come from the extremely traffic-heavy roads beside the business and the densely populated residential neighborhoods that surround the area. Although there was no marketing done throughout the years of operation, more proactive marketing tactics need to be fully utilized to keep increasing sales and acquire customers from untapped regions. Competition is expected as this industry is known to be extremely large, but this location has competitors that have older machines and lacks staff members compared to this business. 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 services. Full-time owner involvement will help the business operate much smoother and cut payroll expenses on unnecessary employees. Various services are provided at this coin laundry that can range from the wash, dry, soaps, vending machines, and arcade games. 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.