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Low overhead ultra-modern laundromat-high traffic, card system!!!

Big Rapids, MI (Mecosta County)

Asking Price: $235,000

Gross Income: $101,500

Cash Flow: $30,000

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Real Estate: N/A

Established: 2007

Employees: N/A

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Business Description

This Ultra-Modern and Upscale Laundromat is the perfect business opportunity for an entrepreneur or small Family to own and operate in a great location and offering significant growth potential. This business is like no other laundromat around! They use state-of-the-art coinless washers and dryers with a system called the Easy Card that allows the customer to put money onto a card so that they don t have to carry around all those coins. All the washers and dryers are front loading high tech machines that use less soap, less water and clean better and faster than conventional equipment. There are three sizes of washers to accommodate any customer needs/requirements up to the Mega-Loader for special items that won t fit in normal sized machines. The business offers a full menu of services for their customers including drop off laundry and folding as well as drop off and pick up dry cleaning service. This is an outstanding opportunity for a motivated entrepreneur and must be seen to be appreciated in comparison to the competition.

Detailed Information

Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company operates from a leased 2,500 sq.ft. facility in a strip center located on a high traffic highway and close to a major university providing access to thousands of student customers. In addition to the Easy Card System, the special amenities providing this upscale environment include free wireless available to customers, a children s play area, vending machines and a smoke free atmosphere; and, for the Owner unattended surveillance! There is a five year lease in place with a seven year extension option starting in 2012.
Competition:
Prime location, ultra modern, clean, upscale and excellent growth opportunities
Financing:
Seller financing available to qualified buyers
Reason for Selling:
Absentee Owners want to concentrate on other business interests

Listing Status for Premium Members

Ad#: 580763

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Terry Snyder

Business Listed By:
Terry Snyder

IM&M Solutions

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