Well Established Free Standing Renovated Coin Laundry

Contact Seller
Asking Price:
$300,000

Gross Revenue:
$181,952
Cash Flow:
$61,199
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$500
not included in asking price

FF&E:
$175,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

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

Location:
Fort Worth, Texas
Year Established:
1998
Number of Employees:
2FT/1PT
Facilities:
This business is located in a 2,000 SF free standing building with ample space for parking
Market Outlook/
Competition:
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.
Contact the Seller

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 30% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1622207
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

 Show Phone Number

View My 172 Active Listings
U.S. Census Data for Tarrant County, 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 Tarrant County, TX
Income

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.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.