SOLD – Well-established coin laundry

Business Description

Well-established coin laundry placed in a growing neighborhood is available for acquisition. This business was originally established nearly a decade ago in 2010 by the current owner of the business. Most of the customers are Hispanic individuals that live in the surrounding densely populated apartment complexes and some families from the houses nearby that come mainly to wash their comforters or bed sheets. Although no marketing in place to actively grow the business, other proactive marketing methods need to be utilized to generate more cash flow and acquire new customers outside the immediate market area. Competition is expected for this industry, but the location of this business is far away from any competitor that could take away any business potential. There are many ways to proactively market this business such as direct mailing, bundle service, chip-card reading system, and providing retail products. Having a full-time owner or an attendant to help with the minor inconveniences within the facility will also help attract more individuals to this 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 operations.