Laundromat with Real Estate

Not Disclosed, MI
Oakland County


Asking Price: Annual Revenue:
$125,000 $151,900

Services: Dry Cleaning & Laundry


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RE: Laundromat with Real Estate Broker: Gregory Edgecomb
Owner Financing is Available!
Real Estate financing available with $175,000 down.

Quick Facts

Asking Price: $125,000
Annual Revenue: $151,900
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $449,000
Year Established: 1992
Employees: 3
BBN Listing #: 62342679
Broker Reference #: B2570

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Business Overview:

This is your opportunity to own a fully functioning laundromat with real estate. This business is located in a safe area on a heavy flowing road near many homes and apartment buildings. It is also less than 1 mile from a collage campus. This business has been in this community since 1992 and comes with a 4,800 Square Feet building that was built specifically for a laundromat.

It is loaded with over 90 washers and dryers with a variety of sizes to fit the customer’s needs. Multiple commercial 30-80 LBS washers/dryers and numerous smaller washers/dryers for smaller loads. The owners just remodeled the inside with new windows, doors, and paint. They also put in a new water heater and many newer machines. The business has a great lounge area for customers to wait and multiply tables to fold clothing.

The current owners do ZERO advertising. A new owner/operator can dramatically increase the sales with marketing along with adding pickup and delivery to local apartment complexes, advertise wash & fold, and offer dry cleaning drop off services. The addition of arcade games, vending machines, and retail items would also increase side sales.

Another amazing upgrade would be to add in credit card readers to some machines to offer customers another way to pay if they do not have cash/coins. This can be done simply and would bring in a newer, younger crowd and build loyalty with app paying abilities.

The sky is truly the limit with this business. Contact us today to get more information about this great coin laundry business with a 4,800 Square Feet building.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

Additional Details:

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

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