Coin Laundries Turnarounds for Seasoned Operators

Not Disclosed, TX

DFW AREA


Asking Price: Annual Revenue:
$326,750 Not Disclosed

Services: Dry Cleaning & Laundry


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RE: Coin Laundries Turnarounds for Seasoned Operators Broker: Erin Bonner, LREB

Quick Facts

Asking Price: $326,750
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1987
Employees: Not Disclosed
BBN Listing #: 19996076
Broker Reference #: EB1207E

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Business Overview:

This is a unique turnaround opportunity to purchase one or more of (4) coin-operated laundries located throughout Dallas-Ft. Worth with significant upside after upgrading some or all the FFE/appearance. Includes stores in Dallas, North Richland Hills, Ft. Worth, and Garland. These may be sold individually. Generally purchased by current coin operators who will improve the appearance and replace most, if not all, of the equipment who simply want a location with the mechanical infrastructure in place.

In light of the above, one would need significant capital for improvements for any of the locations in addition to the purchase price.

Neither Ft. Worth nor Garland are available for purchase to buyers without coin laundry operation experience due to requirements of landlord.

The Seller only works about 20-30 hours per week, when for this many laundries, one should be working the business full time – at least 40-50 hours per week as most owner operators of small businesses work. This is NOT a part-time or absentee business.

Note that many landlords are as of late unwilling to lease to a coin laundry – more explained in the Seller’s package after receipt of the non-disclosure from qualified buyers. Due to the mechanicals in place – gas, electric and plumbing – it is significantly less expensive to purchase an existing laundry than to start from scratch.

Also, the Seller has the locations staffed with part time attendants with limited hours. No bundle service has ever been offered. One location could be conducive to offering bundle service, especially for blankets, comforters, small rugs, large loads, etc. New ownership could also solicit commercial business in the area.

These locations have been operating coin laundries for decades.

Financial information that can be provided after an NDA is signed by a financially qualified buyer is based on year end 2021.

This business is marketed to be sold via an asset transaction vehicle versus a securities
vehicle. …This listing constitutes neither a solicitation to buy nor an offer to sell securities.

Listing Broker Firm: Erin Bonner, independent Transaction Consultant & Business Broker : Contact Erin for more information.

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Property Features and Assets:

Monthly rent & square footage varies by location. Locations include Dallas, North Richland Hills, Ft. Worth and Garland.

Market Competition and Expansion:

As to competition in this industry, wherever there is a coin laundry, there are generally more than one and sometimes several in the immediate area. Quality service and keeping the stores and FFE maintained is key. And vend pricing under the immediate market is a plus. Growth & Expansion - Seller believes that most of these laundries have the ability to rebound to prior higher annual sales with the right astute full-time owner-operator at the helm who develops at least some sort of marketing plan, upgrades some or all the equipment and improves the store appearance. The current owner has done NO MARKETING whatsoever – ergo, no yelp, no google, no website, no Instagram, no mailings, etc.

Reason for Selling:

Partial Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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