Business For Sale

Well Established Renovated Coin Laundry #000634

Not Disclosed, TX
Dallas County

North Dallas

Asking Price: Annual Revenue:
$250,000 $224,526

Services: Dry Cleaning & Laundry

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RE: Well Established Renovated Coin Laundry #000634 Broker: Kevin Chung
License #: 567204

Quick Facts

Asking Price: $250,000
Annual Revenue: $224,526
Net Profit: Not Disclosed
Cash Flow: $78,899
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 2
BBN Listing #: 434419188
Broker Reference #: 000634

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Business Overview:

Well established profitable coin laundry anchored by a nationwide Hispanic supermarket is available for acquisition. This business was originally established nearly two decades ago in 2000 and was later acquired in 2007 by the current owner of the business. Most of the customers are middle-class Hispanic individuals and families that live in the nearby in the densely populated residential neighborhoods as well as customers that often visit the nationwide grocery chain that anchors this business. Population of this area is so heavily packed that this business can easily benefit from the numerous single family housing and apartment complexes that house many Hispanics. Gross sales average was $205,000/year that has been very consistent throughout the last decade due to having a very well established foundation of loyal customers that come to this business on a weekly basis. Currently, a road construction is in progress and cause slight inconvenience for the customers, but it is soon to be completed and sales should increase in the immediate future. Although there's no marketing in place at the current time, other proactive marketing methods being utilized will help this business generate more cash flow for the owner and grow the customer base from untapped areas. Competition can also be expected for this type of business, but this won't be an issue as the population of the area is too large to accommodate with the number of coin laundries within the area. Currently the business provides free soap all day Monday through Friday and offers 13th wash free and there are more ways to proactively market this business such as direct mailing, free-dry promotion, social media outlet, arcade machines, vending machines and full-time owner involvement. Having a full-time owner-operator will greatly help reduce the wage expenses of the business and improve the overall quality of the business. 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 operations.

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Property Features and Assets:

This business is located in a 2,500 Square Feet retail strip center that is anchored by a nationwide supermarket chain and is strategically placed between two major intersection roads. All equipment is in impeccable condition and in working order. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but it's expected for this type of business industry and it won't be an issue as the population is too great for the capacity of all coin laundry in the area. / Growth and Expansion: There is currently no marketing in place to proactively grow the business.

Reason for Selling:

Burnt Out.

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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