Coin Laundry

Reference Code 0549

This is a great opportunity to own a completely remodeled Coin Laundromat in Suburban Wayne County! Established in the 1990’s, this 2,850 sq. ft. Laundromat is located on a highly traveled road near plenty of residential homes and commercial businesses. Current owner is not involved in the day-to-day operations and is being run absentee! All equipment is in excellent condition with over $65,000 being invested in the last 5 years on new equipment! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding a website, arcade games, vending machines, retail items, dry clean drop-off, weekly specials, commercial accounts and expand the hours, you have HUGE potential to make a nice, solid income. A must see/must have business that WILL-NOT last long on the market! Don’t miss out on this great opportunity!! Turn-key operation only needing a new owner/operator! Seller will entertain all reasonable offers!

Business Location Suburban Wayne County, MI

Gross Sales $160,000 Cash Flow $50,000 Business Price $160,000 Down Payment $120,000 Monthly Payment $1,809.09 Interest Rate / Amortization 8% int., amortized over 24 months License Required Sales, Boiler Inventory Value $2,000 Employees Part Time 4 Date Established 1998 Hours of Operation Mon-Fri 10am-8pm / Sat-Sun 9am-9pm Rent $1,900 Gross Lease Period 2030 Reason for Sale Absentee Owner / Seller has a full-time Corporate Career