Grand Coin Laundry #000295

Fort Worth, TX (Tarrant County)

Grand Coin Laundry #000295

Asking Price:$479,000

Cash Flow:$125,777

Gross Revenue:$318,568





Grand Coin Laundry #000295

Get Financing Save Print Share Valuation Report

Business Description

8 year established coin laundry in the hub of large Hispanic community is available for acquisition. Established in 2008 and was later acquired by the current owner in 2011. While two competitors are within the immediate market area, they will not pose any issue as both competitors are lacking in established customers or high quality equipment. The majority of customers are Hispanic since the area the business is located is heavily populated by Hispanics. Sales have been consistent over the last 5 years with each month between $26,000-$28,000/month in gross sales without any marketing. New competition arrived in the immediate market area few years after the acquisition, but the sales hasn't shown any significant change due to the strong establishment of this business such as convenient customer service and the top of line equipment. The current pricing per machine is lower than the market price and can be used to increase to price for an increase in sales. Proactive marketing such as stamp cards for frequent customers and Valpak in the nearby communities would drastically increase sales. This coin laundry also has 3 long term sub-tenants which generates $1,100 in Rental Income per month. Products offered in this coin laundry are wash, dry, wash & fold service, games, snacks, soap, and drinks. Sub-tenants of the facility also offer money transferring, Taco Stand, and Car Title Service. Minimal involvement of the owner and great location puts this coin laundry ahead of its competitors in the immediate market area.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Located in a busy retail strip center occupying 4,800 SF with automatic doors for easy access for customers. All equipment is in impeccable condition and in working order.
Two direct competitors are within the immediate market area, but one competitor has only been in operation for a year while the other competitor mostly has top load washers.
Growth & Expansion:
Consistent sales throughout past years of operation while new competitor came in the last year of operation. The minimal impact on the total sales shows this business has already an established and solid customer base. Proactive marketing will easily increase sales as there is currently no marketing done.
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

Ad#:1263085 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

V-AID Group, Inc.

Show Phone Number

View My Listings

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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

Find out more...

Get more details about this business.

Similar Listings

Restoration 1

Franchise Opportunity
Capital Required: $77,950