Free Standing Renovated Coin Laundry

Not Disclosed, TX
Tarrant County

North Fort Worth

Asking Price: Annual Revenue:
$300,000 $181,952

Services: Dry Cleaning & Laundry

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RE: Free Standing Renovated Coin Laundry Broker: Kevin Chung

Quick Facts

Asking Price: $300,000
Annual Revenue: $181,952
Net Profit: Not Disclosed
Cash Flow: $61,199
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 3
BBN Listing #: 527219188
Broker Reference #: 000728

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Business Overview:

Recently renovated with new equipment free standing coin laundry heavily surrounded by single family homes is available for acquisition. This business was originally established two decades ago and acquired by current owner in September 2016. The current owner spent over $150,000 in replacing majority of the washers and dryers with top of the line equipment and a brand new AC unit and two tankless water heaters. Washer and dryer income has consistently been around $15,000/month along with $1,000/month in retail sales without any active marketing other than word of mouth and loyal customers. Competition is expected for this industry, but renovated interior, replacement of the machines, and full time attendant have kept the customers coming to this business consistently. Although this business has well-established loyal customer base, other proactive marketing is needed to attract new customers in order to increase overall sales, such as offering loyalty cards and installing arcade games. While the owner only works part time to oversee general operation and keeping books and records up to date, the business is staffed at all times by an attendant to help customers, keep the place clean, and offer bundle service. 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 operation.

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Property Features and Assets:

This business is located in a 2,000 Square Feet free standing building with ample space for parking / Inventory: $500 (Not Included in listed price).

Market Competition and Expansion:

Competition: Two competitors are within the immediate market area, but this business has ample parking space and has up-to-date equipment. Growth and Expansion: There is no marketing done at the current time for this business other than word of mouth.

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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