V-AID Business Investment Advises DFW Washes #1, LLC on Sale of Laundry City to BLW 1 Crestridge LLC.
Mesquite – V-AID Business Investment is pleased to announce the sale of Laundry City to BLW 1 Crestridge LLC. Laundry City is located in a 3,000 SF space of a freestanding building that is placed next to one of the busiest highways in a city and surrounded by densely populated residential areas. The address is 1903 Crestridge Dr. Mesquite,Texas 75149.
Laundry City was established in 2006 and later acquired by a previous owner in 2018 before the current owner acquired it in 2020. The majority of the customers are lower-income individuals and families from nearby densely populated residential neighborhoods.
Kevin Chung with V-AID Business Investment, as an exclusive business broker for Laundry City, provided sell-side advisory services for DFW Washes #1, 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 selling their business for the maximum value while finding the right buyer who can continue to grow the business.
“A prime location and free-standing laundromat has just been sold for the second time in four years. The new owner, driven by a passion to revitalize the business and create opportunities, seized this chance amidst a booming market for laundromats. The previous owner’s attempt to keep it in the family and boost income unfortunately didn’t pan out, despite investing in new machines and sprucing up the place. Now, with a fresh perspective and big dreams, the new owner is ready to transform the operation. It’s a story of fate too, as both buyer and seller, originally strangers from out of town, discovered they live in the same neighborhood, forging an unexpected personal connection. With this sale, the seller can now focus on their other ventures, while the new owner proudly takes the helm, eager to expand and acquire more businesses in the future. It’s a tale of new beginnings and bright horizons for this bustling laundromat.” Said Kevin Chung, CBI, VP of Business Brokerage for V-AID Business Investment in Dallas.
About V-AID
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 640 transactions totaling over 150 Million Dollars and continuing.
