Prime Location Laundromat Anchored By Hispanic Supermarket

Dallas, TX (Dallas County)

Prime Location Laundromat Anchored By Hispanic Supermarket
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Asking Price: Get Financing: $125,000

Cash Flow: $37,845

Gross Revenue: $190,428

EBITDA: N/A

FF&E: $75,000

Inventory: $200

Lease Rate: N/A /SF

Established: 2002

Prime Location Laundromat Anchored By Hispanic Supermarket

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Business Description

Prime location coin laundry in North Dallas that was built from ground-up since the inception of the business is available for acquisition. This business was first established over a decade and a half in 2002 by the current owner of the business. Most of the customers are middle-class Hispanic individuals that live in the surrounding densely populated residential neighborhoods and apartment complexes as well as some customers from the major grocery chain that anchors this business. Gross sales average was $160,000/year that has slowed down recently due to renovations being needed for the business as well as some replacement of the machines. Although no marketing efforts is in place in the current time other than word of mouth, proactive marketing in diverse methods is crucial to the further growth of this business in terms of cash flow earned each year and acquisition of new customers from untapped areas of the city. Competition is expected for this common business industry, but the surrounding residential areas within the city provides such an ample amount of customers that the local coin laundries each have their own demographics and loyal customers that have come throughout the last several years. There are many ways to proactively market this business such as direct mailing, bundle deals, renovation, update machines, social media outlets, loyalty program, large signage, arcade machines and vending machines with retail items. Creation of other sources of income will help immensely in generating more revenue and attracting customers that find other competitors lacking in amenities. In order to reach its full potential and to compete with other businesses in the immediate areal, some machines may need to be replaced, interior and exterior may have to be renovated and upgraded, offer loyalty programs, and the new management needs to keep the place clean and welcoming. This business has everything in place for a potential buyer to proactively market the business while being fully involved in the day-to-day business operation.

Listing ID #000702
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:
1FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 4,500 SF retail strip center that is anchored by a major grocery chain placed next to the intersection of two large roadways. All equipment is impeccable condition and in working order.
Competition:
Few competitors are within the immediate market area, but the population of the area is so dense that the coin laundries in the area already has a customer base built in each location.
Growth & Expansion:
There is no marketing done at the current time other than word of mouth.
Financing:
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Bu
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 / Retirement
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Contact the Seller

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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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