One-of-a-kind Upscale Coin Laundry

Not Disclosed, TX
Tarrant County

Northeast Fort Worth


Asking Price: Annual Revenue:
$1,100,000 $441,766

Services: Dry Cleaning & Laundry


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RE: One-of-a-kind Upscale Coin Laundry Broker: Stephen Lee
License #: 567204

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $441,766
Net Profit: Not Disclosed
Cash Flow: $177,019
Total Debt: Not Disclosed
FF&E: $800,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 3
BBN Listing #: 250119188
Broker Reference #: 001056

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Business Overview:

A high-end coin laundry placed in upper-class neighborhoods in Northeast Fort Worth is now available for acquisition. This business was originally established in 2016 by the current owner of the business that has built the business from scratch. This business occupies a 4,800 Square Feet space of retail strip center with the top-of-the-line equipment and a great facility is located nearby the main highway of the city with consistently heavy traffic as well as densely populated neighborhoods filled with high-income individuals. Most of the customers are upper-class individuals with large amounts of disposable incomes from surrounding upscale residential neighborhoods and consist of a well mix of different ethnic groups. Competition can be expected for this business industry, there is no single competitor in the immediate market area which allows this business to dominate the area. Various services are provided at this coin laundry that can range from wash & dry, soaps, vending machine, and bundle service. Gross sales of this coin laundry show consistent growth for the last several years running at around $400,000 per year without any marketing except thru their website and word of mouth. Although no marketing is being done other than its website, various marketing tactics need to be utilized, such as more online and social media outlet presence, direct mailing, bundle deals, loyalty cards, door hangers, game machine, rent out vacant rooms, etc. to acquire new customers in the untapped parts of the area. Since this business has run as an owner absentee, having a full-time owner-operator will be the best way for this business to increase cash flow as the business will spend less on payroll expenses, managing and maintaining the quality of the customer relations. This business has done very well with its groundworks, poised for next-level growth. A potential buyer should be able to realize the growth by getting more involved in the day-to-day business operation and conducting pro-active marketing. This is a great opportunity to acquire a well-established high-end coin laundry with a top-of-the-line facility for the potential buyer who is willing to be more hands-on in the day-to-day operation and marketing to reach out to untapped areas of the city.

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Property Features and Assets:

The business is located in a 4,800 Square Feet space of a retail strip center surrounded by many high-end residential neighborhoods and is next to a major highway. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: This business has some competitors within the immediate market area, but this laundromat is situated away from any of the major competitive areas. Growth and Expansion: There is currently no marketing done to proactively grow the 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.

Documents:

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