Well Established Free Standing Renovated Coin Laundry

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Asking Price:

Gross Revenue:
Cash Flow:
(Seller's Discretionary Earnings)

 Not Disclosed
not included in asking price

included in asking price

Real Estate:
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Business Description

Recently renovated with new equipment free standing coin laundry heavily surrounded by single family homes is available for acquisition. This business was originally established two decades ago and acquired by current owner in September 2016. The current owner spent over $150,000 in replacing majority of the washers and dryers with top of the line equipment and a brand new AC unit and two tankless water heaters. Washer and dryer income has consistently been around $15,000/month along with $1,000/month in retail sales without any active marketing other than word of mouth and loyal customers. Competition is expected for this industry, but renovated interior, replacement of the machines, and full time attendant have kept the customers coming to this business consistently. Although this business has well-established loyal customer base, other proactive marketing is needed to attract new customers in order to increase overall sales, such as offering loyalty cards and installing arcade games. While the owner only works part time to oversee general operation and keeping books and records up to date, the business is staffed at all times by an attendant to help customers, keep the place clean, and offer bundle 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 #000728
For more info, please call Kevin Chung at 1-866-519-2421.

About the Business

Fort Worth, Texas
Year Established:
Number of Employees:
This business is located in a 2,000 SF free standing building with ample space for parking
Market Outlook/
Two competitors are within the immediate market area, but this business has ample parking space and has up-to-date equipment.
Growth & Expansion:
There is no marketing done at the current time for this business other than word of mouth.
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About the Sale

Reason For Selling:
Other Opportunities
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 30% Cash Down with SBA Financing for Qualified Bu

Listing Info

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Business Listed by

V-AID Group, Inc.

License# 567204

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