SOLD – Laundromat
Prime location 7 days a week coin laundry with perfect visibility from the main intersection street and ample parking space is available for acquisition. This business was originally established over a decade ago in 2006 and acquired later in early-2016 by the current owner of the business. Most of the customers are middle-class Hispanic individuals and households that live in the surrounding densely populated residential neighborhoods as well as the apartment complexes that carpet the area. Although no marketing has been done except through word of mouth, other proactive marketing methods need to be utilized to generate more cash flow and acquire new customers from the untapped areas within the city. Competition can be expected for most coin laundries, but this business has grown drastically over the years as their machines are top-of-the-line and provide high-quality service that the competition can’t follow as their machines are older with higher price points. There are many ways to proactively market this business such as direct mailing, door hangers, social media outlets, retail items, installation of cable TV, and full-time owner involvement. Owner involvement will help this business exceedingly well as this will lower payroll expenses and provide higher quality customer service with the owner overseeing the general operation of the business. 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.