Prime Location Brand New Equipment Coin Laundry

Dallas, TX (Dallas County)

Seller Financing Available
Prime Location Brand New Equipment Coin Laundry
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Asking Price: Get Financing: $700,000

Cash Flow: $236,179

Gross Revenue: $384,080

EBITDA: N/A

FF&E: $450,000

Inventory: $2,500

Lease Rate: N/A /SF

Established: 2009

Prime Location Brand New Equipment Coin Laundry

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Business Description

Prime location coin laundry with brand new washers is available for acquisition. This business was originally established nearly a decade ago in 2009 and was later acquired by the current owner of the business in 2017. Most of the customers are middle-class Hispanic individuals that live in the surrounding densely populated residential neighborhoods and several apartment complexes that carpet this city. Net sales average was $26,000/month that has been consistent throughout the last several years of operation with slight increase recently due to the brand new washers placed within the business. Although some marketing has been utilized through free dryer service promotions and flyers being sent to the local neighborhoods, but other proactive marketing methods needs to be used within various untapped areas to generate additional cash flow and acquire new customers. Competition can be expected for all coin laundries, but this business has brand new washers that's attracting many individuals from around the area as well as providing free dryer services that many people will utilize. There are many ways to proactively market this business such as direct mailing, social media outlets, bundle specials, retail items, loyalty cards and full-time owner involvement. Owner involvement is a great way to generate more cash flow as the owner can cut payroll expenses on the business while keeping quality control at an all-time high. This coin laundry has everything in place for a potential buyer to proactively market the business while being fully involved in the day-to-day operations.

Listing ID #000616
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
2PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 4,200 SF retail strip center surrounded by many retail businesses and is placed near two extremely busy highways. Brand new Dexter washers installed in early April, 2018. Huebsch Dryers are only 3 years old. Brand new boiler, A/C, Bill changer, and roofing.
Competition:
Few competitors are within the immediate market area, but this business has superior machines that are brand new and top-of-the-line while also including free dryer bundle service that other competitors don't provide.
Growth & Expansion:
Some marketing is done through free dryer promotions and flyers, but other proactive marketing methods needs to utilize to generate more cash flow and acquire new customers. Once charging for the dryers, overall sales will significantly increase.
Financing:
100% down at the time of closing
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Other Opportunities
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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. 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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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