West Michigan Laundromat
Location Michigan,United States
Asking Price Range $250K - $500K
Gross Revenues $128000
Net Profit / Cash Flow $67500
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1983
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Two weeks by seller
Reason for Sale Health issues
Description Just what you are looking for. A well established business that only requires about 25 hours per week of owner participation and nets approximately $67,500.00 per year. Outstanding opportunity to own a Laundromat that is in an A+ location with gross margins as high as 68%, with average gross margins of 46%. The building is 3250 sq feet that is in excellent condition. Many new pieces of equipment including 4X and 6X washers! Much of the equipment is still under warranty. Most of the other equipment has been completely rebuilt.
There is an extremely aggressive marketing plan already in place. Several additional income streams. This business could not be duplicated for the asking price. Bank financing is available with 25% down and the owner will also be willing to carry a small second mortgage to assist with the down payment. This is a highly unusual opportunity. Clean books and complete equipment lists are available to the qualified buyer. A fully completed and executed Confidentiality Agreement is required to obtain additional information. This is one of those ''once in a lifetime'' opportunities. Don't let this pass you by. Call Jerry Towner TODAY at 817-789-7109. PRICED BELOW $300,000 INCLUDING PROPERTY!
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