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Advert Ref: N343-BD

Award Winning Coin Op Laundromat For Sale

Details: Asking price:$574,000; Sales revenue:$292,000; Net profit:$128,000; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: This award winning, coin-operated laundromat, located one hour north of Detroit, is only 3.5 years old but reluctantly the owner must sell in preparation of his move to Arizona - this to the benefit of a prospective Buyer.

In 2006, the industry trade magazine gave this location recognition as runner- up in a nation wide survey as the only laundromat worthy of that praise in the entire state of Michigan.

All brand new equipment, the machines originally cost nearly $500,000, plus the buildout was an additional $195,000. Seller is asking a very reasonable price of $595,000 in order to facilitate a move to Flagstaff, AZ.

General information: Years established:4 years; Employees: 5 Full Time; Trading hours: Monday-Sunday 24/7; Real Estate: Lease; Lease terms:$2,200 per month; Location:4,000 sq. ft. building; Support & training:Seller will provide training; Reasons for selling:Relocation; Financing available?Seller will negotiate financing