Business For Sale

Freestanding Coin Laundry with Real Estate

Not Disclosed, TX
Dallas County

Dallas


Asking Price: Annual Revenue:
$1,890,000 $389,001

Services: Dry Cleaning & Laundry


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

Quick Facts

Asking Price: $1,890,000
Annual Revenue: $389,001
Net Profit: Not Disclosed
Cash Flow: $295,377
Total Debt: Not Disclosed
FF&E: $450,000
Real Estate: $1,200,000
Year Established: 2004
Employees: 3
BBN Listing #: 365019188
Broker Reference #: 000587

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Business Overview:

Well-established coin laundry with brand new machines and pay-to-play arcade machines is available for acquisition. This business was originally established over a decade ago in 2004 and acquired by the current owner of the business later in 2016. Most of the customers are low to middle-class individuals that come from extremely traffic heavy road beside the business and the densely populated residential neighborhoods that surround the area. Gross income for Wash, Dryer and Vending is at $370,000/year that has been consistently growing throughout the last several years of operation without any marketing done to promote the business. Although there was no marketing done throughout the years of operation, more proactive marketing tactics needs to be fully utilized to keep increasing the sales and acquire customers from untapped regions. Competition is expected as this industry is known to be extremely large, but this location has competitors that has older machines and lacks in staff members compared to this business. 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 services. Full-time owner involvement will help the business operate much smoother and cut payroll expenses on unnecessary employees. Various services are provided at this coin laundry that can range from wash, dry, soaps, vending machine and arcade games. 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 3,800 Square Feet stand alone building that is next to a road with dense traffic and is placed in a city that is growing tremendously in population. All equipment is in impeccable condition and in working order as it's well maintained. / Inventory: $1,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but this business are known to have better customer service from active employees and cleaner environment as the machines are well maintained. Growth and Expansion: No marketing is done at the current moment, but more proactive marketing methods needs to be utilized if this business is to keeping growing in sales and customer acquisition.

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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