Drycleaner/Laundromat for sale

Gladwin, MI (Gladwin County)

Drycleaner/Laundromat for sale
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Asking Price: $450,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1945

Drycleaner/Laundromat for sale

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Business Description

Drycleaners, Laundrymat, and Tuxedo Rental Business

Business located in northern Michigan vacation community. Has only had a few owners in its entire existence. Current owners have been here 29 years and are looking to retire. The laundromat is equipped with all Speed Queen equipment that is in excellent shape. Laundry is extremely clean and pleasant. Drycleaners has newer Firbimatic machine, 3 year old high efficiency boiler, and just had all the steam lines replumbed. Forenta presses. Tuxedo rentals affiliated with major wholesalers and have been renting tuxes 28 years. No surprises or disappointments with this business. Someone is going to get a good deal, as owners are motivated to sell.

Detailed Information

Location:
Gladwin, MI
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
5
Facilities:
Sale includes approx. 4500 square foot building, maintenance free exterior, good trussed roof (not a flat roof), all inventory and supplies. Hard surfaced parking lot on main street in the down town area. High traffic
Competition:
This business draws from a large radius with mainly word of mouth advertising.
Growth & Expansion:
Business could definitely be expanded by presence on internet and adding route service. Current owners are not internet savvy.
Financing:
Possible owner financing at 6% with good down payment, good credit
Support & Training:
Can train new owners and will help with contacts to give a smooth transition.
Reason for Selling:
Only reason for selling is because we want to retire. We are getting worn out.
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Business Listed By:
Mark Greer

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