V-AID Business Investment Advises ATB Family Wash and Dry, LLC. on Sale of ATB Washateria to FreeDry, LLC.
Duncanville – V-AID Business Investment is pleased to announce the sale of ATB Washateria to FreeDry, LLC. ATB Washateria is in a 4,800 SF space of a retail strip center at 102 W Camp Wisdom Rd, Duncanville, TX 75116.
ATB Washateria was established by ATB Family Wash and Dry, LLC in 2004 and has been operated by the original owner ever since. The majority of the customers are low to middle-income Hispanic individuals and a well mix of Caucasian and African American groups from nearby neighborhoods and local businesses. This business has built a very solid customer base for the past 17 years and received good reviews from many customers due to its quality improvement through continuous equipment replacement.
Kevin Chung with V-AID Business Investment, as an exclusive business broker for ATB Washateria, provided sell-side advisory services for ATB Family Wash and Dry, LLC from business valuation, marketing and negotiating the sale to transfer of business. V-AID Business Investment is a fully-fledged business broker and M&A advisor that assists the business owner in sell their business for the maximum value while finding the right buyer who can continue to grow the business.
” This long-time-established coin laundry has been purchased with all cash. It was a little difficult to obtain any sort of financing and the buyer got creative by rolling over their 401k to purchase the business. The buyer was an executive at a well-known company and decided to purchase this business to generate passive income while still being a full-time corporate employee. The current owner somewhat neglected the cleanliness and tidiness of the facility, but the buyer has plans to totally revamp the facility and upgrade the machines. There were a few obstacles that had to be overcome, but both parties stayed patient and completed the transaction in a timely manner. ” Kevin Chung, VP of Business Brokerage for V-AID Business Investment in Dallas.
Since 2001, V-AID Group, a team of resilient business brokers and M&A advisors in Dallas TX, has been specializing in selling small to mid-size businesses in the main street to the lower middle market. V-AID’s experienced team of experts has a proven strategy that will ensure strict confidentiality, a streamlined selling process, and the maximum value for the business. With deep expertise accumulated from hundreds of done deals, V-AID delivers superior results by providing clients with strategic planning and creative solutions tailored to each transaction. Combining V-AID’s proprietary database of buyer networks and industry-leading marketing, V-AID offers a proven selling method that has been the solution to a value-added exit for hundreds of business owners with a completion of 617 transactions totaling over 138 Million Dollars and continuing.