MergerPlace

Very Profitable Full-Service Laundromat

Michigan (Allegan)


  • Asking Price: $295,000
  • Gross Income: $295,800
  • Cash Flow: $77,200
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #209717
  • Established: 2005
  • Employees: 6

Business Description

This West Michigan-based profitable laundromat offers self-service coin laundry, drop-off dry cleaning, commercial and personal drop-off laundry service, and alterations and repairs. Founded in 2005, the Company has a commitment to providing high quality services that satisfy customer laundry and dry-cleaning needs. The Company is in a strong financial position, faces little competition, and offers all services at competitive prices. In a prime location with a diverse customer base, the Company has consistent demand for its various services.
The owner is semi-retired and has decided to sell the business. The Company has a manager in place that oversees daily operations.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.
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Business Details

Primary Business Category: Services - Other Services
Location: Michigan
County: Allegan

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6

Financial Information

Asking Price: $295,000
Gross Revenue: $295,800
Cash Flow: $77,200
EBITDA: $58,200
Seller Financing Available: Yes

Property Information

Facilities:

The Company operates out of a 4,160 square foot facility that is leased from an unrelated third party.

Growth & expansion opportunities:

Growth Opportunities Include: (1) Targeted Advertising: The Company does very little marketing and could reach new customers by investing in marketing. (2) Linen Rental Service: The Company could grow by adding a linen rental service, which would likely have high demand based on the location. (3) Pick-Up and Delivery Services: Offering pick-up and delivery for customer’s laundry and dry-cleaning needs could provide substantial growth as well.

Competition:

Investment Highlights include: (1) Excellent Customer Service (2) Vacation Property Partnerships (3) Diverse Customer Base (4) Competitive Pricing (5) Limited Competition (6) Strong Financial Position

Reason for selling:

Retirement

Support & Training:

While the current owner is semi-retired, he is willing to provide customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC