Prime location coin laundry placed in the hub of an area where coin laundries are extremely popular is available for acquisition. This business was originally established almost two decades ago in 1999 and was later acquired by the current owner of the business in 2013. Competition is expected for this Industry, but this business has a competitive edge with their perfect location in terms of heavy traffic and demographics of the area that is perfectly fit for this particular coin laundry. Most of the customers are a well-mix of demographics from the surrounding densely populated residential neighborhoods and heavy traffic from the popular intersection. Dryer and Washer Income is around $5-7,000 a month that has been consistent throughout the last several years without any marketing done except through word of mouth. While no marketing has been done, many proactive marketing methods are available to utilize for increasing cash flow and accumulating new customers from the untapped areas of the city. There are many ways to proactively market this business such as direct mailing, social media outlets, bundle deals, limo service, loyalty card, retail items and more owner involvement. Updating the facility with new interior design for a more modern look as well as updating any outdated machinery will generate a new lead of customers and provide high quality service at a higher price point. Products & services that are provided at this coin laundry range from typical laundry service, dryers, arcade machines and vending machine with various soap packages. This business has everything in place for a potential buyer to proactively market this business as well as being fully involved in the day-to-day business operation.
Furniture, Fixtures & Equipment: $69,000 (Included in listed price)
Inventory: $100 (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: 1999
Facilities: This business is located in a 1,940 SF retail strip center surrounded by heavy traffic and placed in an optimal location for coin laundries. 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: One direct competitor is within the immediate market area, but this business is in a prime location with heavy traffic and the demographics of the area fit perfectly to this coin laundry.
Growth And Expansion: As there's no marketing at the current time, proactive marketing tactics needs to be utilized to generate more cash flow and acquire new customers.
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