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The Coin Laundry
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $222000
Net Profit / Cash Flow $32222
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2001
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Seller will train new owner for a seamless transition.
Reason for Sale Retirement.
Description Priced to sell! Coin laundry that has more than $200,000 worth of top of line equipments is now available for sale for $125,000. This coin laundry is located in the center of an area where Hispanic population is very high. This laundry has been generating between $17k and 20k for the past 3 years and it has a great potential to grow. As the current owner's involvement in the laundromat is very minimal, no pro-active marketing has been ever done since the current owner's acquisition of this laundromat in 2006. Marketing is a must in order to realize a full potential of this laundry. All the equipments are the industry best and are very well maintained. Beside dryer and washer, the laundry provides bundle service, vending machines, and soap. The premises has plenty of more room to put additional vending and game machines to generate extra revenues. This is a great opportunity to acquire an established coin laundry with top of line equipments and a lot more potential to grow at a price which is significantly less than the value of equipments.
Asking: $125,000
Furniture, Fixtures & Equipment: $200,000 (Included in listed price)
Inventory: $800 (Not Included in listed price)
Financing: Owner financing will be considered to qualified buyers who could put down up to 70% of purchase price.
Facilities: Occupied in a 4,000 SF of shopping center located off of very busy intersection. Equipments are all top of the line and have been immaculately maintained.
Competition: Although competition is inevitable in coin laundry industry, by keeping the premises flawless and maintaining all machines to be fully operational all the time, it set this coin laundry apart from other competitors.
Growth And Expansion: The premises has plenty of room to add more vending machines, games, and etc for extra sales.
Primary Phone: 972-247-3202 or 866-519-2421
Click Here To Contact Seller
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