Coin Laundry with Less than Year Old Equipment

Not Disclosed, TX
Dallas County

East Dallas

Asking Price: Annual Revenue:
$650,000 $204,000

Services: Dry Cleaning & Laundry

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RE: Coin Laundry with Less than Year Old Equipment Broker: Stephen Lee

Quick Facts

Asking Price: $650,000
Annual Revenue: $204,000
Net Profit: Not Disclosed
Cash Flow: $123,528
Total Debt: Not Disclosed
FF&E: $350,000
Real Estate: Not Disclosed
Year Established: 2018
Employees: 1
BBN Listing #: 723919188
Broker Reference #: 000898

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Business Overview:

Brand new and highly profitable coin laundry with machines less than one year old in East Dallas is available for acquisition. This business was originally established by the current owner in December of 2018. Most of the customers are a mix of demographics from the local community inside the densely populated residential neighborhoods and traffic that pass by the major roadway. Gross sales are $15,000/month from wash and $2,000/month in vending/game machine that is steadily growing with each month of operation. Competition can be expected for this business industry, but this business is the only coin laundry in the area that provides competitive price points with brand new machines. Although there is no marketing done other than word of mouth and free dry service with a purchase of a wash, other proactive marketing methods needs to be utilized for this business to generate more cash flow and acquire new customers from around the immediate market area. There are many ways to proactively market this business such as direct mailing, bundle service, door hangers, expanding vending machine selection and full-time owner involvement. Having a full-time owner-operator will allow the business to cut down on payroll expenses and increase profitability of the business as well as increasing the quality of service. This brand new coin laundry is ready for a potential buyer to actively involve themselves into the business operation while marketing to grow the business to maximum income capacity.

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Property Features and Assets:

This business is located in a 2,650 Square Feet space of a retail strip center that is placed next to a high traffic road interlocked with many main streets in the local area. All equipment is brand new and less than a year old. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this is the only coin laundry in the area with brand new machines while providing a competitive price point to attract customers from all around the area. Growth and Expansion: There is no marketing done at the current time other than free dry service and 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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