Coin Laundry w/wo Property

Oakland County, MI

Seller Financing Available
Coin Laundry w/wo Property

Asking Price:$75,000

Cash Flow:$27,581

Gross Revenue:$163,660

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$175,000*

Established:1980

*not included in asking price.

Coin Laundry w/wo Property

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Business Description

This is a great opportunity to own a well-established Coin Laundromat with building that also includes a side lot that is rented out! Established since the 1980’s, this laundry is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas.  Also on premises is a Dry Cleaning unit for all dry cleaning garments.  Two game vending machines are on a 50/50 split and two beverage/snack vending machines are included in the sale. Services include: Laundry, Drop-off  Laundry and Dry Cleaning.  This business is being run absentee!  Owner does no advertising…A new owner/operator with some creative advertising/marketing along with adding commercial accounts and pick up/delivery services, you have HUGE potential.  This Laundromat is priced to sell!  Seller will entertain all reasonable offers!! Call Armen Nazarian @ 248-855-7753 or visit www.armennazarian.com

Detailed Information

Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
2,500
Employees:
2 FT / 2 PT
Facilities:
This is a great opportunity to own a well-established Coin Laundromat with property on a highly traveled road in Oakland County.
Growth & Expansion:
Owner does no advertising...some creative advertising/marketing along with adding commercial accounts and pick up/delivery route service, you have HUGE potential.
Financing:
$75,000 with $35,000 down, 8% int., amortized over 60 months
Support & Training:
Seller will train.
Reason for Selling:
Absentee Owner / Retiring

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Armen Nazarian

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Armen Nazarian

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