Business for Sale Overview:
This is a very high volume store for the coin laundry industry. It is a full service store with bundle service (wash and fold). The location would need a full time owner/operator. Open 7am-11pm 7 days. Sale is Highly Confidential! Note - financials based on 2008 actual. This offering is structured as an asset sale. This is neither an offer nor a solicitation to sell securities.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
3,038 square feet at $5,787 per month. Lease expires December 2011. The Fixtures, Furniture & Equipment includes: (25) top loaders; (6) 18/20lb front loaders; (9) 27/30lb front (7) 35/40lb front loaders; (2) 50lb front loaders; (34) single dryers and (8) stacked dryers. A complete list including serial numbers and leasehold improvements will be provided after a NDA has been signed.
Market Competition and Expansion:
When the government Stimulus package brings more blue collar jobs and hard-hat employees to Dallas, then most all coin laundries could potentially increase sales over 2008 (one of the worst years in general for the coin laundry industry in Dallas Fort Worth) and potentially over even 2007 and 2006. Especially if owner-operated and overseen properly.
Growth and Expansion: Low cost Cosmetic changes could give the location an uplift - such as repainting the interior, including the ceiling tiles (or change out the ceiling tiles); scrubbing and varnishing the floors so that they are shinier. Actually do Some marketing. Keep the equipment in working order at all times. If the owner's equipment has Not been repaired as timely as it should have, that should be an opportunity for a buyer.
Reason for Selling:
Seller is divesting of several coin laundries
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.