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West Michigan Laundromat
Location: United States -> Michigan
Industry: Business Services > Laundry




Business Summary

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!


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $128,000
Cash Flow:   $67,500
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1983
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Two weeks by seller
Reason For Selling:  Health issues

Photos

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West Michigan Laundromat Photo 1 West Michigan Laundromat Photo 2




Print Listing Id: 700209374
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Also See: Franchise Opportunities > Franchise Resales > Michigan Businesses For Sale > Michigan Franchises For Sale > Michigan Business Brokers



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