Thriving Laundromat - UNDER CONTRACT 8/8/2022

Not Disclosed, MI
Oakland County

Northwest Oakland County


Asking Price: Annual Revenue:
$165,000 $178,000

Services: Dry Cleaning & Laundry


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RE: Thriving Laundromat - UNDER CONTRACT 8/8/2022 Broker: Rick Smith
Owner Financing is Available!
Possible financing with significant amount down.

Quick Facts

Asking Price: $165,000
Annual Revenue: $178,000
Net Profit: Not Disclosed
Cash Flow: $58,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 993063841
Broker Reference #: SBBMI-202207002

Email or Print Listing

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Business Overview:

If you have been looking for an absentee business with a nice level of return on investment, here it is. This well known operation is in the heart of a great location on a major highway in North Oakland County. Very consistent revenue stream with very consistent Gross Profit Margin. Owner usually spends a few hours at the business per week and the business is run by very competent people who are willing to stay on with the right circumstances. Equipment has been very well maintained and has a nice mix of sizes and types. Supplies are also available for sale to customers who need them when they come in. The real estate lease is readily transferable to the new owner with a possible buy feature built into the contract.

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Property Features and Assets:

Nice building in a suburban location.

Market Competition and Expansion:

Few businesses of this type in the area.

Reason for Selling:

Retirement

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.

Relevant Links:

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