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Asking Price:	$330,000 USD USA Dollars
Business for Sale Industry:	Services: Dry Cleaning & Laundry
Reason for Selling:	Retirement
Year Established:	1975
# of Employees:	2 part-time
Yearly Revenues:	$99,857

Business for Sale Overview:

Great opportunity in a great business segment; minimal inventory, no receivables, tax advantages, and (arguably) recession-proof. This is a long-established, well-maintained, and successful coin-op Laundromat. Located in a small W Michigan community (Grand Rapids is the nearest metro market). Price includes real estate!

Property Features and Assets:

Facilities: Bright, clean, approximately 3,200 square feet block/steel truss building located along a busy street with great visibility. Easy access. Easy, ample parking and sale includes real estate. Equipment: Equipment is well-maintained by experienced owner-operator. 50 washers (top load, 18#, 20#, 35#, 40#, and 50#) and 29 dryers (includes equipment by Dexter, Speed Queen, Milnor, and Maytag). Facility has appropriate washing to drying capacity to insure smooth transitions and no waiting. Includes 2 currency changers, 10 folding tables, 20 laundry carts, 2 hanging racks, plenty of seating, 2 televisions, an 8-column soap vendor, 1 snack, and 1 pop machine (vendor owned). Video monitoring and some automated (labor/cost saving) systems in place.

Market Competition and Expansion:

Present owner works part-time only. Adding additional/other labor could allow for expansion into dry cleaning pick-up and drop-off, commercial account business, wash and fold services, and/or others.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.