Coin Laundry in Woodhaven

Woodhaven, MI (Wayne County)

Store Inside

Asking Price:$229,900

Cash Flow:$100,000

Gross Revenue:$200,000

EBITDA:N/A

FF&E:$10,000

Inventory:$3,000

Lease Rate/Sq. Ft.:$10

Established:1995

Coin Laundry in Woodhaven

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Business Description

1. Very good small business with a best NOI in City of Woodhaven.
2. Location is almost perpect for coin laundry.
3. Nice and Elegant customers(kind and sincere, knows each other)
4. Do not miss the opportunity !!!
5. SOLD AS IS !!!

P.S; $20,000 Reduced !!!
NOT LAST LONG !!!! Take a Good Chance !!!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
1/31/2019
Employees:
1 part time
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1. Washer:68 2. Dryer: 34 3. Vending Machine 4. Gas & Electricity: $1,500(Summer) ~ $2,000(Winter)/month 5. Water: $2,300/month 6. Supply: $300/month The Coin Sale was $200,000 in 2015. The NOI is approximately $120,000. The Rent is $4,522. The current lease is expired in 2019, so you can get the new lease. Please ask for detailed information.
Competition:
1. No competition. 2. Close to the FORD factory(Lots of Wash & Fold). 3. Located in very busy street and town. 4. Very close to the Grocery Store. 5. Close to the Highway.(There are many Hotels)
Growth & Expansion:
1. Add Game Machines. 2. Add more vending machines. 3. Sell the various soaps & products.
Financing:
0
Support & Training:
2 weeks training
Reason for Selling:
Retired and Relocated

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Joseph Hong

Business Listed By:
Joseph Hong

TBRE Real Estate Services

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Sunghan Kim

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