Laundromat with Real Estate

File# C2570
Location: Oakland County
Business Price: $125,000
Down Payment: Cash
Monthly Payment:
Interest Rate:
Amortization Period:
Gross Sales: $151,900
Source: Seller
Cash Flow: TBD
Source: NA
Inventory: TBD
Days Open: 7 days
Business Hours: Mon-Sun 8:00 am - 9:00 pm
Seats: NA
Parking: Ample
Licences Required:NA
Year Established:1992
Year Acquired: 2010
Building Price:$449,000
Building Terms:Land Contract with $175,000 down. $2,906.20/mo @ 5%/10 years

Profile:

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 SQ FT 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 SQ FT building.

Contact us about this business:

First Name (required)

Last Name (required)

Email (required)

Phone (required)

Address

Available Capital (required)

Your Message

This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.