Laundromat

Oakland County, MI

Seller Financing Available

listing image
Asking Price:$999,000
Inventory:$2,000
Established Year:2023
Gross Revenue:$200,000
Rent:$4,550/Month
BUSINESS DESCRIPTION

This is a great opportunity to own a newer Laundromat in Oakland County! Established in 2023, this 4,399 sq. ft. laundromat is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. All state-of-the-art equipment was used with a build-out price point of $1.8M and everything from equipment, piping, washers/dryers are all brand-new! Seller’s loss is your gain! Owner has a full-time corporate career and runs the business completely absentee! Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding weekly specials, vending machines, retail items, pick up & delivery services and commercial accounts, you have HUGE potential. A must see/must have business that WILL-NOT last long on the market or disappoint! Location alone is a home-run! Don’t miss out on this great opportunity!! Turn-key operation only needing a new owner/operator! Seller will train new owner and entertain all reasonable offers.
Note: Currently being run as a franchise, Buyer can keep it a franchise or breakaway and go independent.


DETAILED INFORMATION
Location
Oakland County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,399
Employees
5
Facilities
This is a great opportunity to own a newer Laundromat in Oakland County! Established in 2023, this 4,399 sq. ft. laundromat is located on a highly traveled road with plenty of residential and commercial properties in the surrounding areas. All state-of-the-art equipment was used with a build-out price point of $1.8M and everything from equipment, piping, washers/dryers are all brand-new!
Growth & Expansion
Current owner does no advertising…a new owner/operator with some creative advertising/marketing along with adding weekly specials, vending machines, retail items, pick up & delivery services and commercial accounts, you have HUGE potential.
Financing
$999,000 with $250,000 down, Interest rate is negotiable
Support & Training
Seller will train.
Reason for Selling
Absentee Owner / Full Time Corporate Career
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AP Nazarian