Business For Sale

16 Year Est. Coin Laundry

Not Disclosed, TX
Dallas County

East Dallas


Asking Price: Annual Revenue:
$259,000 $208,042

Services: Dry Cleaning & Laundry


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RE: 16 Year Est. Coin Laundry Broker: Moon Kim

Quick Facts

Asking Price: $259,000
Annual Revenue: $208,042
Net Profit: Not Disclosed
Cash Flow: $40,001
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 3
BBN Listing #: 467719188
Broker Reference #: 000477

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Business Overview:

Prime location coin laundry in high populated area is available for acquisition. This business was originally established over a decade ago in 2001 and was later acquired by the current owner of the business in 2011. Competition is expected for this industry, but this location has yet to drop in sales and has stayed relatively consistent without any proactive marketing. Most of the customers are Hispanic individuals from the surrounding densely populated neighborhoods and apartment complexes. Additionally, a new apartment complex is currently being built nearby this business which is expected to increase the sales. Sales average was $245,000/year that has been consistent throughout the last decade of operation without any proactive marketing. Proactive marketing is crucial to the further growth of the business as the population of this city is growing every year and there are many untapped customers that have yet to know of this business. Utilizing the untapped areas and the new apartment complex will provide an increase in sales as well as customer acquisition. There are many proactive marketing methods such as direct mailing, bundle deals, loyalty cards, flyers, social media outlets, and additional services for folding laundry. A larger variety of vending machines may also be extremely beneficial to increasing sales as this accommodates the increased needs from the customers as the customer base increases through proactive marketing. This business has all the potential to generate large revenue as long as a potential buyer proactively markets this business while actively being involved in the day-to-day operations.

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Property Features and Assets:

This business is located in a prime 3,000 Square Feet retail strip center surrounded by numerous apartment complexes and retail businesses. / Inventory: $500 (Not Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but over the last decade the sales has yet to drop and has been consistent up to the present date. / Growth and Expansion: Proactive marketing is crucial to the further growth of this business as there's no marketing currently done.

Reason for Selling:

Retirement

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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