Asking Price: $499,000 Gross Revenue: $495,704Cash Flow: $194,936 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,000 included in asking priceFF&E: $350,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Prime location large coin laundry with check cashing in East Dallas is available for acquisition. This business was originally established in 2007 over a decade ago and was later acquired by the current owner of the business half a decade later in 2012. Most of the customers are middle-class Hispanics that live in the surrounding densely populated residential neighborhoods and many blue collar individuals that work around the area. Gross Income for the coin laundry business has been in the range of $270-280K per year and net commission income from the check cashing business has been around $165-175K per year, both of which have been consistently growing over the last several years of operation. Retail soap sales, vending machines, various arcade machines and other income brings an additional net income of $45-50K a year. Although this is a coin laundry business, proactive marketing tactics needs to be in place for this business to fully utilize the operation to generate maximum income capacity while growing the customer base outside the local area. Competition is expected for this business industry, but the only competitor within the area lacks in the size of their facility and has outdated machines that don’t work as well as this business. There are many ways to proactively market this business such as direct mailing, bundle services, tall signage, more retail items and more owner involvement. A full-time owner-operator will be extremely beneficial for this business as it will cut payroll expenses on having unnecessary employees and boosting the quality of the customer service. 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.
Listing ID #000749
For more info, please call Moon Kim at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 4,000 SF retail strip center in the epicenter of a highly populated residential area of Dallas and many retail businesses. All equipment is in impeccable condition and in working order.
One competitor is within the immediate market area, but the competitor is much smaller compared to this business while providing very outdated machines.
Growth & Expansion:
Proactive marketing is needed to generate more cash flow as well as a full-time owner-operator that can cut payroll expense.
Established Coin Laundry & High Volume Check Cashing
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