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Coin Operated Laundromat
Location: United States -> Michigan -> Kent County
Industry: Business Services > Laundry

Business Summary

This is an excellent opportunity to own a non-labor intense high cash flow business where 80% of the equipment is 1 year old and manufactured by the premier commercial laundry products company, Wascomat. A total of 42 front load washers and 33 front load dryers. Drop off dry cleaning is sent out and owner receives a 30% commission.

Net operating income is approximately $8000.00/month! This outstanding location has no competition and has a great rent at $1922/month including CAM/NNN, with 4 years remaining. Three additional renewals with increase of only 50 cents/sq ft and five year lock-in (no additional increases during each five year period). This is a solid cash flowing business with most equipment having 4 years of warranty left. It should be noted that the life expectancy of commercial laundry equipment averages 30 years. Please arrange visits with broker only. Priced at $525,000 complete. Call Jerry Towner at 817-789-7109 for details and to arrange a showing.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $169,000
Cash Flow:   $96,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2012
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease


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Coin Operated Laundromat Photo 1 Coin Operated Laundromat Photo 2 Coin Operated Laundromat Photo 3

Print Listing Id: 700213066
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