Well established coin laundry optimally placed in the epicenter of a large community is available for acquisition. This business was originally established nearly two decades ago in 2000 and was acquired couple years later by the current owner of the business in 2005. Competition is expected for this type of business industry, but this coin laundry has the largest parking lot that can accommodate for large customer capacity and is beside an extremely busy intersection with immense traffic. Most of the customer are middle-class Hispanic individuals from the surrounding densely populated residential neighborhoods and is anchored by a nationwide grocery chain that brings constant foot traffic. Net sales average was $165,000/year that has been consistent throughout the last several years of operation without any marketing done except word of mouth. Although no marketing has been done, other proactive marketing methods should be utilized to generate more cash flow and customer acquisition. There are many ways to market this business such as direct mailing, bundle deals, door hangers, large signage, vending machines, retail items and hiring additional staff. Introducing more retail items and vending machines will increase the cash flow exponentially as customers expand within this location. Brand new Dexter machines were bought and installed recently that will attract more untapped customers over a period of time that will help increase cash flow. 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 operations.
Furniture, Fixtures & Equipment: $150,000 (Included in listed price)
Inventory: $750 (Included in listed price)
Financing: 100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2000
Facilities: This business is located in a 5,000 SF retail strip center that is surrounded by many residential buildings and anchored by a well-known nationwide grocery chain.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: Few competitors are within the immediate market area, but this business has a superior parking lot that has ample space and has up-to-date equipment.
Growth And Expansion: There is no marketing in place at the current moment, but proactive marketing needs to be utilized to generate more sales and acquire new customers.
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