Free Standing Coin Laundry with Real Estate #000330

Fort Worth, TX (Tarrant County)

Free Standing Coin Laundry with Real Estate #000330

Asking Price:$625,000

Cash Flow:$69,777

Gross Revenue:$159,557

EBITDA:N/A

FF&E:$225,000

Inventory:$300

Real Estate:$450,000

Established:2007

Free Standing Coin Laundry with Real Estate #000330

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Business Description

Up-to-date coin laundry in West Dallas with chip-card reading equipment is available for acquisition. Established and acquired in 2007 by the current owner of the business who has done a complete makeover of the coin laundry with state-of-the-art machines. Few competitors are within the immediate market area including new coin laundry in the process of establishment, but these competitors are lacking in updated wash and dry machines while also being under a different market. Diverse arrays of customers are from various demographics and have been built throughout the 9 years of operation. Sales are on average $160,000 - $170,000/year from washers & dryers including other services from vending machines to bundle services. Proactive marketing is definitely crucial to the growth of this business as this business isn't currently marketing except through their website. Adding retail soap sales at the counter is one area that is untapped due to lack of owner commitment and there's more room to expand the amount of equipment which will increase sales greatly. State-of-the-art card system has increased customer interaction with the business as there's more convenience for the loyal customers to purchase cards to multiple use. Services provided at this business are washer service, dryer service, bundle services, and in-store pre-paid cards. This business is one of the few up-to-date coin laundries in the area that provides brand new equipment and card system which other coin laundries nearby doesn't provide.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
2FT/1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in 11,200 SF property with 3,000 SF (according to survey) allocated to the free standing coin laundry. All equipment is top of line and is in excellent condition.
Competition:
Few competitors are within the immediate market area, but due to the other competitor's lack of better equipment and updated systems differentiate this business from the competition.
Growth & Expansion:
Proactive marketing is crucial to the potential growth of this business as there's no marketing at the current moment.
Financing:
100% down at the time of closing or 30% cash down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training during a 2 week period for a smooth transition into the business.
Reason for Selling:
Other Opportunities.

Listing Statistics for Premium Members

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.

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