High volume coin laundry built with brand new equipment and solid customer base is available for acquisition. This business was established over half a decade ago in 2011 by the current owner of the business. Competition is expected for any coin laundry business, but this business is known for their large building size with brand new equipment that all competitors nearby lack. Most of the customers are a mix of demographics of all races that live in the nearby densely populated residential neighborhoods and traffic from the packed intersection. Average net revenues just for wash and dryer (not including any other income like game, retail soap sales, etc.) is running at $45,000/month that has been very consistent over the last several years without any marketing except through word of mouth. The net revenue does not include the $1,000/month net profit from soap & drink vending machine and the $400/month net profit from game machines. Although no marketing is taking place during present time, proactive marketing methods are all readily available to generate this business more cash flow and customer acquisition. There are many ways to proactively market this business such as direct mailing, more vending machines, retail items, limo service, combo service, larger signage and more owner involvement. Owner involvement is crucial to growing this business further as the involvement from the owner will cut unnecessary payroll expenses and increase customer relations. Keeping the facility up-to-date and spotless will incite more customers to come to this coin laundry compared to the other competitors that lack in upkeep. This coin laundry has everything in place for a potential buyer to come proactively market this business while being fully-involved in the day-to-day operations.
Furniture, Fixtures & Equipment: $500,000 (Included in listed price)
Inventory: $500 (Not Included in listed price)
Financing: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2011
Facilities: This business is located in a 8,100 SF retail end-cap surrounded by newly developing apartment complexes. All equipment is in impeccable condition and in working order.Support/Training: The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason Selling: Other Opportunities
Competition: Some competitors are within the immediate market area, but this business has far superior equipment that is fairly new and all competitors are smaller in size compared to this coin laundry.
Growth And Expansion: There is no marketing done at the current time, but other proactive marketing methods are needed to generate more cash flow.
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