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Beautifully Renovated Laundromat

Listing Price: $319,999

 Listing Type: Dry Cleaners, Laundromats & Car Wash Locations

Reduced

  • Asking Price: $319,999
  • Cash Flow: N/A
  • Gross Revenue: $138,551
  • FF&E: $319,999
  • Inventory: $2,500
  • Rent: $3,100/monthly
  • Established: 1990

Business Description

Two Year Old Equipment Package For This Coin Laundry

This laundromat was beautifully renovated two years ago with all new equipment and some electrical work completed. All washers and dryers are Huebsch Models, with 51 machines in all. They offer wash, dry, and fold services, dry cleaning, and alteration services. They have a few commercial accounts for wash, dry, and fold services, making up 25%-35% of the revenue. The current owner is starting a pickup and delivery service to increase revenue.

Detailed Information

Location: Wayne County, MI

Inventory: Not included in asking price

Real Estate: N/A

Building SF: 4000

Lease Expiration: 2025-08-01

Employees: 1FT / 1PT

Facilities: 4,000 square-foot stand-alone building located on a busy roadway. 51 Huebsch machines - 26 washers and 25 dryers. Bill coin changer, Vend Rite 8-column soap machine, and folding tables.

Competition: There is no competition in the immediate area.

Growth & Expansion: Implement residential pick-up and delivery service and acquire more commercial accounts to grow the business.

Financing: Cash or Personal Loan

Support & Training: Seller will train for 14 days for a minimum of 4 hours a day at no additional cost.

Reason for Selling: Other Commitments

  • Listing ID: 54063
  • BizBuySell ID: 2189536
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