Asking Price: $1,890,000 Gross Revenue: $376,128Cash Flow: $282,879 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,000 not included in asking priceFF&E: $450,000 included in asking priceReal Estate: $1,200,000 included in asking priceShare 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.
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.
Listing ID #000587
For more info, please call Moon Kim at 1-866-519-2421.
About the Business
Number of Employees:
Building Sq. Ft.:
This business is located in a 3,800 SF 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.
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 & 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.
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