Business For Sale

Established Coin Laundry with Real Estate

Not Disclosed, TX
Tarrant County

Fort Worth

Asking Price: Annual Revenue:
$1,100,000 $300,000

Services: Dry Cleaning & Laundry

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RE: Established Coin Laundry with Real Estate Broker: Moon Kim

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $750,000
Year Established: 2005
Employees: 2
BBN Listing #: 67219188
Broker Reference #: 000706

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Business Overview:

Well-established coin laundry with top-of-the-line machines placed in the hub of a dense community is available for acquisition. This laundry is occupied in a 4,000 Square Feet of 5,653 Square Feet retail strip center. The rest of 1,653 Square Feet is being rented out to a small restaurant which generates extra rental income every month. This business was originally established over a decade ago in 2005 by the current owner of the business. Most of the customers are Hispanic individuals that live in the densely populated residential neighborhoods with high population count due to the area being known as the hub of the Hispanic community. Washer and Dryer income have been around $300,000/year that has been consistent over the last several years of operation with no marketing done except word of mouth. Although no marketing is in place for this business, other proactive marketing methods can be utilized to attract new customers from the growing population and provide a better experience to the current loyal customer base. Competition is expected for this large industry, but the demand in the area is large enough that competitors and this business has an overflow of customers that always needs their services on a weekly basis as well as this business having immaculately maintained machines. There are many ways to proactively market this business such as direct mailing, bundle service, retail items, loyalty program, renovation, social media outlets and hiring an additional attendant for smoother service. Hiring a new attendant will be extremely beneficial to the quality of service and fluidity of customers that cycle throughout the operation hours. Some of the real estate is currently sub-leased to a restaurant built into the facility that is bringing some extra rental income and a steady flow of customers. 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 5,653 Square Feet retail strip center that has been immaculately maintained and is currently split into two spaces for laundry (4,000 Square Feet) as well as a small restaurant (1,653 Square Feet). There is a fixed rental income of $1,650 a month from the small restaurant. All equipment is in impeccable condition and in working order. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this business doesn't get affected due to the concept of high demand causes high competition. Each competitor as well as this business has an established customer base that doesn't have much room for changes. / 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 owned.
  • 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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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