Coin Laundry

Wayne County, MI

Seller Financing Available

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Asking Price:$210,000
Rent:$1,900/Month
Inventory:$500
Established Year:1998
BUSINESS DESCRIPTION

This is a great opportunity to own a completely remodeled Coin Laundromat in suburban Wayne County! Established in the 1990’s, this 2,232 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! Call Armen Nazarian Business Brokers


DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,232
Employees
3
Facilities
All equipment is in excellent condition with over $65,000 being invested in the last 5 years on new equipment!
Growth & Expansion
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.
Financing
$210,000 with $170,000 down. 8% int., amortized over 24 months
Support & Training
Seller will Train
Reason for Selling
Absentee Owner/ Seller has a full-time Corporate Career
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Armen Nazarian