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- RE: High Profit Established Coin Laundry New Equipment
- Contact: Erin Bonner
Quick Facts
| Asking Price: | $1,100,000 | |
| Annual Revenue: | $452,601 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $207,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $700,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 31 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 938770 | |
| Broker Reference #: | EB1214B |
Business Overview:
Presenting a well-established beautifully remodeled turnkey coin laundry. The newly remodeled store enjoys high earnings with new state of the art equipment. The original laundry was built in the 90s. All front-load washers and the dryers accept both coin and digital. Efficiency and utility savings are enjoyed via an electric contract, new tankless water heaters, pvc plumbing, and new machines.
Providing many customer choices, the laundry has garnered a significant customer base, both self-service and bundle service (aka “wash and fold”.)
Gross Sales Most Recent Year: 2023 $ 452,601. The full-service portion of the gross was $110,646. (Full service generates a higher gross profit.) Cash Flow is Discretionary Earnings - $207,000 in 2023.
This opportunity could be a win-win for a buyer who has significant capital to put down before securing a loan. Also, just like any successful business, please understand that even though this is a coin laundry, that doesn’t mean it can be operated totally absentee.
The information contained in this marketing is subject to change, corrections, or withdrawal without notice.
This is not an offer to sell securities. This is not a solicitation to sell securities
Listing Broker Firm: Erin Bonner, LREB Transaction Consultant & Business Broker
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Property Features and Assets:
+/- 3,600 square feet Leased; Tarrant Co. Remodeled and Retooled. The business draws from a unique geographic area where there is a need for coin laundry services.
Approximately $700,000 in equipment, install and remodel in 2022. A delivery van is included in the sale. FFE included in sale. Note, if built totally from scratch, the cost to open would have been significantly higher not to mention the additional months for municipal zoning and other permits and probably a year to ramp up the business.
Market Competition and Expansion:
There are a few competitors in the broader market; only one that is within a mile, which is only approximately 5 years old.
Growth & Expansion: Currently, ownership has yet to fully utilize the state-of-the-art digital system in place. Very little so far has been pick-up and delivery. And the Delivery Service has not been pushed or really marketed. As a real potential profit center, the delivery service could be marketed to commercial clients, short-term rentals, hotels, gyms, and any business that needs towels, washable linens, etc. It could also provide wash and fold of regular laundry for dry cleaning establishments.
The business has no Facebook, Instagram, etc. Only a .com website and Google pay-per-click, which hasn’t been consistently utilized. The area itself is in a growth mode.
Reason for Selling:
Personal Spouse
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more Texas businesses for sale
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