Business For Sale

Coin Laundry El Paso For Sale

El Paso, TX
El Paso County

High demand area for laundry services

Asking Price: Annual Revenue:
Not Disclosed $120,000

Services: Dry Cleaning & Laundry

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RE: Coin Laundry El Paso For Sale Broker: Tom Given

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $120,000
Net Profit: $108,351
Cash Flow: $26,000
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: Not Disclosed
BBN Listing #: 85506076
Broker Reference #: GBS364A

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Business Overview:

This coin laundries was acquired by the owner in 2012 and revenues have slowly grown to its current level of approximately $108,000 per year. The laundry is in the central El Paso and is operating in an area where demand for laundry services is high.

This is a great opportunity for someone wanting to work part-time and realize good cash flows for their efforts.

(Gross Sales and Discretionary Earnings were obtained from the Company’s 2017 financial statements with adjustments made to reflect active participation by the owner)

FFE & Inventory $60,000

The Seller has listed this business strictly as an asset transaction. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Broker – Given Business Brokers. For more information, contact Tom Given, Principal

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Property Features and Assets:

The building is well maintained and is an area with high demand for laundry services. The landlord has agreed to initiate a long-term leases for qualified buyers.

Market Competition and Expansion:

The business is turnkey and is profitable and sales have been growing. Sales in 2016, were 97,000 versus 108,000 in 2017-a growth of approximately 11% in 2017. GROWTH POTENTIAL & EXPANSION – The new owner should be able to grow the business with active involvement as the current owner has a full-time job and has not been able to devote significant time to the business.

Reason for Selling:

Owner wishes to sell as he is retiring, leaving TX.

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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