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Business For Sale

Coin Laundry-Newer Equipment-Great Location

Royal Oak, MI

Services: Dry Cleaning & Laundry

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$230,000
$146,000
Not Disclosed
$35,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1990
2
239234516

Business Overview:

Clean & nice coin laundry with good sales and newer machines in good condition. Highly visible location from a major road. Owner doesn't do any advertising and promotion. Despite no advertising, sales have increased 10% in 2010. Great store as a second income source. See attached document for more pictures.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

2,000 sq. ft. in a busy shopping center on a busy road; high visibility; plenty of parking. $2,800/month rent includes NNN. Open 8 am-10 pm; Monday-Friday; 8 am-8 pm, Saturday-Sunday. Equipment includes: 30 washers (75-20 lb., 7-12 years old); 28 dryers (7 years old); water heater; bill changer; vending machine (6-7 years old).

Market Competition and Expansion:

There is only one other in the area. Currently doing no advertising. Adding more promotion and advertising should lead to higher sales.

Reason for Selling:

Please inquire.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources: