Freestanding Coin Laundry with Real Estate

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Asking Price:
$1,890,000

Gross Revenue:
$376,128
Cash Flow:
$282,879
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
not included in asking price

FF&E:
$450,000
included in asking price

Real Estate:
$1,200,000
included in asking price

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Business Description

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

Location:
Dallas, Texas
Year Established:
2004
Number of Employees:
3FT
Real Estate:
Owned
Building Sq. Ft.:
3,800
Facilities:
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.
Market Outlook/
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 & 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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About the Sale

Reason For Selling:
Other Opportunities
Training/Support:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Seller Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1612178
Ad Detail Views:
0

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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U.S. Census Data for Collin, Dallas and Denton Counties, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Collin, Dallas and Denton Counties, TX
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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