SOLD – Decade-long established Coin Laundry
A decade-long established Coin Laundry in a heavily populated area is available for acquisition. Established in 2002 and was later acquired by the current owner in 2005 with consistent sales already in-place. Competition for this business is expected due to the saturated industry, but this area is very densely populated with enough individuals to support this business to max capacity if properly operated. There’s currently a very strong customer base that has been built over the decade operation in which a majority of the individual is Hispanic and from the nearby neighborhoods. Local marketing is extremely crucial to the further growth of this business as there currently is no marketing done. Additionally, bundle service and retail sales of laundry soaps will be a great addition to the current revenue of this business as well as creating more demand for individuals who need bulk service. All equipment is top-of-the-line speed queen machinery which can be used to increase the price point for higher quality service including better profit margins. Products/services that are provided at this Coin laundry range from laundry services, dryers, soap vending machines, snack & drink vending machines, and arcade games which all provide a steady source of revenue. This business has the foundation set for operating with minimal owner involvement that provides a steady stream of cash flow. With the right potential Buyer, this business can generate substantial sales as well as creating better profit margins for optimal cash flow.