Business For Sale

Brand New Equipment Coin Laundry #000616

Not Disclosed, TX
Dallas County

East Dallas

Asking Price: Annual Revenue:
$700,000 $384,080

Services: Dry Cleaning & Laundry

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RE: Brand New Equipment Coin Laundry #000616 Broker: Kevin Chung
License #: 567204

Quick Facts

Asking Price: $700,000
Annual Revenue: $384,080
Net Profit: Not Disclosed
Cash Flow: $236,179
Total Debt: Not Disclosed
FF&E: $450,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 2
BBN Listing #: 406519188
Broker Reference #: 000616

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Business Overview:

Prime location coin laundry with brand new washers is available for acquisition. This business was originally established nearly a decade ago in 2009 and was later acquired by the current owner of the business in 2017. Most of the customers are middle-class Hispanic individuals that live in the surrounding densely populated residential neighborhoods and several apartment complexes that carpet this city. Net sales average was $26,000/month that has been consistent throughout the last several years of operation with slight increase recently due to the brand new washers placed within the business. Although some marketing has been utilized through free dryer service promotions and flyers being sent to the local neighborhoods, but other proactive marketing methods needs to be used within various untapped areas to generate additional cash flow and acquire new customers. Competition can be expected for all coin laundries, but this business has brand new washers that's attracting many individuals from around the area as well as providing free dryer services that many people will utilize. There are many ways to proactively market this business such as direct mailing, social media outlets, bundle specials, retail items, loyalty cards and full-time owner involvement. Owner involvement is a great way to generate more cash flow as the owner can cut payroll expenses on the business while keeping quality control at an all-time high. This coin laundry has everything in place for a potential buyer to proactively market the business while being fully involved in the day-to-day operations.

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Property Features and Assets:

This business is located in a 4,200 Square Feet retail strip center surrounded by many retail businesses and is placed near two extremely busy highways. Brand new Dexter washers installed in early April, 2018. Huebsch Dryers are only 3 years old. Brand new boiler, A/C, Bill changer, and roofing. / Inventory: $2,500 (Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this business has superior machines that are brand new and top-of-the-line while also including free dryer bundle service that other competitors don't provide. / Growth and Expansion: Some marketing is done through free dryer promotions and flyers, but other proactive marketing methods needs to utilize to generate more cash flow and acquire new customers. Once charging for the dryers, overall sales will significantly increase.

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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