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.
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The Company operates out of a 4,160 square foot facility that is leased from an unrelated third party.
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.
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
While the current owner is semi-retired, he is willing to provide customary transition assistance.