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- #35 - For Sale: Laundromat with $4M in Gross Revenue
#35 - For Sale: Laundromat with $4M in Gross Revenue
๐ Hey fam!
Welcome to the 145 new people who have joined this week!
In this weekโs issue:
๐๏ธ Traditional business - 1 listing
๐ต๐ผโโ๏ธ Service - 1 listing
โ๏ธ SaaS - 1 listing
๐๏ธ Traditional business - 2 listings
๐ eCommerce - 2 listings
โ๏ธ SaaS - 1 listing
Alright, Letโs explore!
Estimated Reading Time = 5 minutes
๐ Startup Spotlight
Discover profitable online and traditional businesses.
๐ฐ Asking Price: $2,500,000
Donโt miss this opportunity to purchase THREE REVENUE streams from one active and two passive neighboring businesses that have been family-run for decades. The ideal buyer would want to be the next hands-on-owner.
Type: Traditional Business
โ Key Highlights
$4,000,000 in Gross Revenue
$1,000,000 in Inventory
๐ Growth Opportunities
Vending Machines and Additional Services: Install vending machines for detergents, fabric softeners, and laundry supplies. You can also consider offering additional services like alterations, shoe repair, or a drop-off and pickup laundry service for customers looking for more convenience. These add-on services can contribute to increased revenue.
Extended Operating Hours: Extend your laundromats' operating hours to accommodate a broader customer base, including those who may need services during non-traditional hours, such as early morning or late at night. Consider offering 24/7 access to your laundromat using modern access control systems.
๐ฐ Asking Price: $2,700,000
Profitable virtual corporate events company with $1,175,820 in TTM revenue and $660,256 in TTM profit that offers live-hosted virtual team-building events, provided to corporations via the most common video conferencing platforms.
In the last 3 years, the company has provided its services to 2,500+ corporations, including over 1/3 of the Fortune 100.
Type: Service
โ Key Highlights
$1,175,820 in TTM revenue
$660,256 in TTM profit
$1,175,820 in revenue last month
$660,256 in profit last month
๐ Growth Opportunities
Sales & Marketing: A new owner with expertise in sales & marketing has the opportunity to significantly grow the direct sales channel. To date, less than $200k has been invested in sales & marketing over the lifetime of the company to grow the business to multi-millions of dollars of sales. Owners of the business had no prior experience in sales & marketing
Enterprise contracts: The Company has sold multi-event packages but has not entered any enterprise-level contracts or subscriptions. An owner with experience in sales has the opportunity to super-charge the sales model and cold outreach to land more enterprise contracts.
In Partnership With eVouch
eVouch is a Shopify app that gets your customers to post Instagram stories about your brand.
I've integrated eVouch into several of my own brands and let me tell you, the results have been nothing short of spectacular. We're talking about customer engagement that has truly disrupted our traditional metrics.
On average, we've seen 3.5% of all customers actively posting stories about their purchases. That's organic reach that you can't put a price on!
What's the secret sauce? The app provides discounts to shoppers to share their experiences through Instagram stories, making it a win-win for both the customer and the brand. Customizable templates make it effortless for your customers to create visually appealing stories that align with your brand's aesthetic.
Don't just take my word for it; experience the eVouch effect for yourself. Trust me, you'll wonder how you ever managed to grow your brand without it.
I donโt have a discount code for it right now but Alonzo told me that all brands who come in through me are eligible for a 1 month free trial (instead of the regular 2 weeks), priority support, and free creative design by their in-house designers.
Feel free to book a call with Alonzo here
๐ฐ Asking Price: $600,000
This short-term rental compliance tool is designed for property managers, assets owners/operators, municipalities, and real estate investment firms across the globe.
Type: SaaS
โ Key Highlights
$200,000 in TTM revenue
$60,000 in TTM profit
$14,144 in revenue last month
$12,559 in profit last month
๐ Growth Opportunities
Pricing: Great opportunity for a new owner to step in and test pricing structure on the current annual pricing model.
SEO: A business like this can grow immensely through SEO, creating high intent blogs around what to look for when renting a property.

๐ค๐ผ Thread Of The Week
POV: Youโve acquired a business, but not sure how to encourage new/existing staff members during this phase.
Chandler drops a masterpiece on what compensation structures are needed to keep everyone on the team motivated.
I bought my first SMB at age 25 with no management experience
One of my toughest challenges?
Employee compensation structures
So I spent over 3 months researching them
Now, I use the same one for all of our employees:
โ Chandler Reed (@ChandlerReedSMB)
12:01 PM โข Oct 28, 2023

โ๐ฝ My Weekly Read
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