Business For Sale

Well Maintained Neighborhood Coin Laundry

Not Disclosed, TX
Denton County

North Dalls

Asking Price: Annual Revenue:
$149,000 $84,000

Services: Dry Cleaning & Laundry

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RE: Well Maintained Neighborhood Coin Laundry Broker: Kevin Chung

Quick Facts

Asking Price: $149,000
Annual Revenue: $84,000
Net Profit: Not Disclosed
Cash Flow: $36,000
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: Not Disclosed
BBN Listing #: 503019188
Broker Reference #: 000678

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Business Overview:

Well-established coin laundry placed in a growing neighborhood is available for acquisition. This business was originally established nearly a decade ago in 2010 by the current owner of the business. Most of the customers are Hispanic individuals that live in the surrounding densely populated apartment complexes and some families from the houses nearby that come mainly to wash their comforters or bed sheets. Gross sales average was $84,000/year that has been consistent throughout the last several years of operation without any marketing done except word of mouth. Although no marketing in place to actively grow the business, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers outside the immediate market area. Competition is expected for this industry, but the location of this business is far away from any competitor that could take away any business potential. There are many ways to proactively market this business such as direct mailing, bundle service, chip-card reading system, and providing retail products. Having a full-time owner or an attendant to help the minor inconveniences within the facility will also help attract more individuals to this business. 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 operations.

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Property Features and Assets:

This business is located in a 1,350 Square Feet retail strip center that is placed in the corner of a very traffic heavy intersection that is between many retailers and grocery chains. All equipment is in impeccable condition and in working order. / Inventory: $200 (Included in listed price).

Market Competition and Expansion:

Competition: There are no competitors within the immediate market area of this business. / Growth and Expansion: There is no proactive marketing at the current time.

Reason for Selling:

Family Health Issues.

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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