Coin Laundry with Well Maintained Machines

Not Disclosed, TX
Dallas County

Dallas


Asking Price: Annual Revenue:
$130,000 $85,877

Services: Dry Cleaning & Laundry


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RE: Coin Laundry with Well Maintained Machines Broker: Stephen Lee

Quick Facts

Asking Price: $130,000
Annual Revenue: $85,877
Net Profit: Not Disclosed
Cash Flow: $12,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 1
BBN Listing #: 266419188
Broker Reference #: 000838

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Business Overview:

Prime location coin laundry operating for nearly 40 years with well maintained machines and facility is now available for acquisition. This business was originally established about 4 decades ago in 1980 by the previous owner and was acquired by the current owner in 2014. This 2,400 Square Feet retail strip center space that this coin laundry occupies is conveniently located just off a major highway and is surrounded by densely populated residential neighborhoods as well as small retail shops and office that attract numerous people to the area. Overall demographics of the business are middle-class individuals that are composed of a mix of ethnic groups from nearby neighborhoods, local businesses and offices. Competition is normally expected for this business industry, but there is no coin laundry in the immediate market area that is remotely close or shares the customer base. Various services are provided at this coin laundry that can range from wash, dry, soaps, vending machine, bundle service and arcade games. Gross sales of this coin laundry have been consistent for the last several years running at around $85,000 per year due to its location and strong customer base without any marketing done to promote the business. Although there was no marketing done throughout the years of operation, pro-active marketing tactics needs to be fully utilized to keep increasing the sales and acquire customers from untapped regions. There are many ways to proactively market this business such as direct mailing, bundle deals, loyalty cards, door hangers, additional retail items and expanding vending machine variety. Full-time owner involvement or attendant will be needed to help the business operate much smoother and increase bundle services done as the demand is huge for the area. 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 2,400 Square Feet retail strip center space where this coin laundry is located is next to one of the busiest highways of the city and has easily accessible roadways which can bring numerous people from the surrounding densely populated residential neighborhoods. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: There is no direct competitor within the immediate market area. / Growth and Expansion: There is no pro-active 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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