V-AID Business Investment Advises RSVG-K, LLC. on Sale of Express Laundry Center to Oakcliff Hampton, Inc.
Dallas – V-AID Business Investment is pleased to announce the sale of Express Laundry Center to Oakcliff Hampton Inc. Express Laundry Center is located in a spacious 6,000 sq. ft. endcap space of a newly built shopping center. This facility is surrounded by apartment complexes, single-family homes, other retailers, and large grocery chains that attract heavy foot traffic to the area. There is one extra vacant room that can be rented out for $1,200 – $1,500 per month. Alternatively the space could be utilized for more game machines, vending machines, or other income sources.
One noteworthy aspect of this laundromat is its affordable rent, which covers NNN expenses. This translates to lower operating costs in comparison to other laundromat facilities. All of the laundry machines are still less than 2 years old! The address is 2702 Buckner Blvd #170 Dallas, Texas 76135.
Express Laundry Center was the current owner established this laundromat at the end of January 2022. The laundromat is located near a residential area with a high concentration of Hispanic residents, resulting in an overwhelmingly Hispanic customer base comprising over 80% of the total.
Moon Kim with V-AID Business Investment, as an exclusive business broker for Express Laundry Center, provided sell-side advisory services for RSVG-K, 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.
“I am thrilled to announce the successful sale of Express Laundry Center in Dallas, Texas! Despite being a relatively new business, with less than three years of establishment, it was obvious the enormous growth potential that could be achieved with the right buyer. The laundromat boasted a state-of-the-art facility furnished with new top-of-the-line machines strategically located in a high-demand area. Unfortunately, the business suffered from underperformance issues primarily attributed to poor management. Something that could be remedied under new ownership. To ensure a successful sale, I reached out to multiple strategic buyers who owned and operated multi-unit locations, creating healthy competition. As a result, I was able to secure a full-price, all-cash offer without the need for financing. Of course, negotiations were necessary to address key issues such as the lease agreement. Given the circumstances of the seller’s dual role as the business owner and property landlord, we had to carve out a lease agreement that would benefit both parties. Once again, striking the delicate balance between the buyer’s and seller’s interests proved to be crucial in finalizing the deal – a skill honed over my twenty years in the industry. Needless to say, I navigated every obstacle of the deal to my client’s complete satisfaction. Working with both parties was an absolute pleasure, and I am excited to continue utilizing my expertise to assist more Texas business owners in achieving their exit goals!” said Moon Kim, Managing Director 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 630 transactions totaling over 144 Million Dollars and continuing.
