V-AID Business Investment Advises Marsh TJL, LLC on Sale of Ocean Wash & Dry to 1117, LLC
Denton – V-AID Business Investment is pleased to announce the sale of Ocean Wash & Dry to 1117, LLC. Ocean Wash & Dry is Strategically located next to a major roadway with a university nearby, this laundromat benefits from high visibility and ease of access. The business occupies a standalone facility that is surrounded by multiple small businesses, apartment complexes, hotels, and single-family homes. The address is 1117 Dallas Dr, Denton, Texas 76205.
Ocean Wash & Dry was the current owner built out the laundromat in 2020. The primary customer demographic consists of Hispanic and African American individuals, families and college students with low to middle-income levels.
Joseph Kim with V-AID Business Investment, as an exclusive business broker for Ocean Wash & Dry, provided sell-side advisory services for Marsh TJL, 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.
“The buyer is an entrepreneur by heart who has been a business owner since a very young age. The addition of this laundromat will greatly expand the buyer’s investment portfolio and help achieve his goal of being a multi-unit operator of laundromats. The seller built this incredible laundromat from scratch without any prior experience and was able to truly maximize the value of his business at the time of his exit. There were many obstacles during the deal process but with all parties having an open mind, transparency and keeping the communication line open, we were able to create a win – win situation. The seller can now retire in peace and spend more time with his grandchildren,” said Joseph Kim, Associate Business Intermediary 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 659 transactions totaling over 158 Million Dollars and continuing.
