Coin Laundry Business For Sale

Business Overview:

Coin laundry business for sale! An established coin laundry, suitable for both novice and experienced owners, is now available for acquisition. This business was founded in 2010 and later acquired in 2023 by its current owner, the third in line. The laundromat offers typical services, including wash and dry and drop-off wash and fold, as well as various game and vending machines. It is conveniently located in a 3,300 sq. ft. suite within a retail strip center, surrounded by numerous neighborhoods and businesses that ensure a consistent flow of customers. All vending machines are brand new as of 2024 and all machines are being maintained to the highest degree before sale. The sales average is around $10k-12k/month which is steadily improving due to new ownership and a new vending machine area.

The customer base primarily consists of Hispanic individuals and families who have been loyal patrons of the business for over a decade, spanning across the previous two ownerships. Few competitors are near the immediate market area, but this business brings consistent sales as the competition has already established its own personal local customer base.

Currently, the business relies solely on word of mouth for marketing purposes. However, developing an online presence would greatly enhance awareness and enable opportunities to promote the wash and fold services. Furthermore, new vending machines have been added, and all machines have been recently repaired, which will help bring new business.

The owner currently operates the business as an absentee, primarily handling weekly coin collections and bookkeeping duties. This opportunity is ideal for a qualified buyer seeking to take ownership of a well-established coin laundry business.

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Property Features and Assets:

Located in a 3,300 square feet suite of a retail strip center surrounded by numerous neighborhoods and businesses that keep traffic consistent. / Inventory: $500 (Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are near the immediate market area, but this business brings consistent sales as the competition has already established its own personal local customer base. / Growth and Expansion: Establishing an online presence would significantly boost awareness and create opportunities to promote the wash and fold services. Additionally, the business recently added new vending machines and completed repairs on all existing machines, which will help attract new customers and drive more business.

Reason for Selling:

Personal reasons.

Additional Details:

Documents:

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