Business For Sale

Long Established Coin Laundromat #000669

Not Disclosed, TX
Dallas County

North Dallas

Asking Price: Annual Revenue:
$209,000 $136,290

Services: Dry Cleaning & Laundry

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RE: Long Established Coin Laundromat #000669 Broker: Emilio Marin
License #: 567204

Quick Facts

Asking Price: $209,000
Annual Revenue: $136,290
Net Profit: Not Disclosed
Cash Flow: $49,914
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1995
Employees: Not Disclosed
BBN Listing #: 240819188
Broker Reference #: 000669

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Business Overview:

Long-established coin laundry place in a prime location with high visibility is available for acquisition. This business was originally established over two decades ago in 1995 and later acquired by the current owner of the business in 2001. Most of the customers are upper-class Caucasian and Hispanic individuals that live in the surrounding densely populated residential neighborhoods and many others outside the local area that has been loyal customers since the inception of the business. Net sales average was $145,000/year that has been very consistent over the last decade that is projected to increase this year only through word of mouth. Although no marketing is in place to grow the business, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from the untapped areas within the city to expand the current customer base. Competition is expected for any coin laundry business, but this business is placed in one-of-the-most optimal spot within the city that has no competition and is next to a high-end upper-class neighborhood. There are many ways to proactively market this business such as direct mailing, limo service, loyalty program, bundle deals, social media outlets, arcade games, snack vending machines, retail items and hiring an attendant for busy operation hours. Having an attendant during the operation of the business will help promote sale of retail items and allows for more quality control of all the machines. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.

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Property Features and Assets:

This business is located in a 1,950 Square Feet that is placed next to a heavy traffic intersection and is placed next to many residential neighborhoods. All equipment is in impeccable condition and in working order. / Inventory: Not Disclosed.

Market Competition and Expansion:

Competition: There are no competitors within the immediate market area of this business. / Growth and Expansion: There is currently no marketing taking place to proactively market this business.

Reason for Selling:

Other Opportunities.

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.

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