SOLD – State-of-the-art High Volume Coin Laundromat with Real Estate
High-volume coin laundry with 19 years of organic growth and an extremely well-maintained workforce in North Dallas, including real estate, is available for acquisition. This business was established in 2002 by the current owner that has built the business from the ground up and has organically grown the operation by keeping all equipment in impeccable condition while providing top-of-the-line services. The business is located in a 3,063 SF freestanding building next to one of the busiest roads of a city with heavy traffic throughout all hours of the day. It is surrounded by numerous retail businesses and restaurants that attract many people to the local area. Outside the local area, the pick-up & delivery vans go around the DFW metroplex servicing many large corporate accounts as well as any residential area that requested service from their website. The majority of the customers are corporate accounts from various locations all around the DFW metroplex, with some customers that physically come to the facility for self-service wash & dry. There are several competitors within the immediate market area, but this is the only coin laundry that provides Pick up & Delivery service in this area. Also, this business has a relatively large facility and top-of-the-line equipment compared to other competitors. Sales have steadily grown, running at $690K-$710K over the last several years with a slight decrease in self-service and an increase in PUD in 2020. COVID-19 dropped self-service and PUD sales initially, but PUD (Pick up & Delivery) was recovered by the end of the year by establishing a large corporate account. As of 2021, the business is now on track to exceed 2020 sales by over 82% with all 3 revenue streams fully recovered and growing rapidly. Currently, some online marketing is in place through its website and Google Ad. But more online marketing especially building a social media presence, would generate more revenue and reduce unnecessary marketing expenses. Hiring an additional salesperson or dedicated staff that handles marketing for Pick up & Delivery to acquire more corporate accounts will generate more revenues for the business with some added labor. This is a great opportunity to acquire one of the highest volume coin laundry with a top-of-the-line facility for a potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.