Laundromat in Oakland County

Listing Price: $349,999

 Listing Type: Dry Cleaners, Laundromats & Car Wash Locations

  • Asking Price: $349,999
  • Gross Revenue: $167,432
  • FF&E: $330,000
  • Inventory: $2,000
  • Rent: $2,500
  • Established: 2004

Business Description

Great Location with Lots of Potential

This laundromat has been around for 20 years and under current ownership for the past 2 years. It's ready for a new owner/operator, as the current owner is busy with other investments. They offer drop-off services, dry cleaning, and wash and fold services. Current hours are Monday – Saturday 8am-8pm and Sunday 8am-7pm.

A new electrical neon sign and the following equipment are included:
32 washers
(14) 40LB
(12) 20LB
(2) 75LB
(4) 50LB

40 Dryers
(36) 50LB
(4) 75LB

The lease is Triple Net and Real Estate is available for a qualified buyer.

Detailed Information

Location: Oakland County, MI

Inventory: Inventory is not included in asking price.

Building SF: 3200

Employees: 1FT / 2PT

Facilities: 3,200-square-foot stand-alone building located on a busy street. There is plenty of parking with easy in-and-out access.

Competition: The nearest laundromat is 2 ½ miles away.

Growth & Expansion: A new owner can advertise, increase the hours, and acquire commercial accounts. Being onsite will also help the business grow.

Financing: Cash or personal loan

Support & Training: The seller is willing to train a new owner.

Reason for Selling: Other business interests

Lease Info: Triple net lease

  • Listing ID: 54415
  • BizBuySell ID: 2257956
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