Abilene Coin Laundry Turnaround Opp

The OPPORTUNITY: We present a value-add washateria in Abilene, Texas PRICED TO SELL. A potential sale is CONFIDENTIAL to employees. Super turnaround opportunity with value-add that needs an owner-operator, maybe some newer equipment, especially front loaders. This type of laundry is generally purchased by coin laundry operators with industry experience. It is suggested that for this purchase that a buyer has a minimum liquid capital of $100K-150K.+ before any equipment loan or other third-party loan. The estimated FMV of the laundry equipment in place is listed above. Included in asking price +/- $155,110 Fair Market Value Gross sales based on YE 2021. SUMMARY OF SERVICES: Partially Attended Self-Service Coin Laundry/No Bundle Service. The information contained in this marketing is derived from Seller-provided information and is subject to change, corrections, and/or withdrawal without notice. This is not an offer to sell securities. This is not a solicitation to sell securities. Business Listing Broker Firm: Erin Bonner, LREB. Contact Erin for the NDA at 214-236-1099 or email erin@libertyexchange.com Location: Abilene, Texas Number of Employees: 3 PT Market Outlook/ Competition: Several competitors exist in the area, which is typical to have a couple or several in areas conducive to a coin laundry - the nature of the industry. Growth & Expansion: There are many ways to improve sales. The current ownership has no website or advertising whatsoever. Some of the older equipment could be replaced, either all at once or over time. Owner-operation versus managing from afar as current Seller does. A few things on the interior appearances could be improved. One might want to raise the vend prices after replacing some of the equipment with more and newer front load machines.