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Turnkey Laundromat Opportunity in Oakland County

Oakland County, MI, USA
Updated 1 hour ago

This laundromat has approximately 20 years of operating history and is located in a 3,200-square-foot facility in Oakland County. The business operates seven days a week, from 8:00 AM to 8:00 PM. The business offers an excellent opportunity for a new owner to take a more active role and grow the existing operation. The seller has done very little advertising, creating an opportunity for a new owner to increase customer traffic and revenue through improved marketing, stronger local promotion, and hands-on management. The laundromat is independently owned with no franchise fees or royalty payments. The business includes 32 washers, 40 dryers, and a coin machine. The location benefits from limited nearby competition, with only one competing laundromat within a two-mile radius. The seller is willing to provide training to assist with a smooth transition to the new owner. Confidential sale. Additional information, financial records, and equipment details will be provided to qualified buyers following execution of an NDA.

Employees

1FT / 2PT

Financing

Cash due at closing

Facilities

The laundromat operates from a 3,200-square-foot leased facility in Oakland County with limited nearby competition. The landlord is willing to sell the real estate per the lease terms.

Lease Info

Plus NNN

Building Sf

3200

Competition

Limited competition in the area, with an opportunity to increase business through marketing and specials

Real Estate

Lease

Lease Expiration

2029-09-30

Growth & Expansion

There is a clear opportunity for a hands-on owner to increase traffic and revenue through stronger marketing, promotions, and customer service.

Support & Training

The seller is willing to provide training to the new owner as part of the transition.

Reason for Selling

Other Business Interest

Financials

Asking Price
$300K
RevenueMost Recent Year
$192K
Earnings (SDE)Last Reported
$71K
Assets ValueNot Included in Asking Price
$200K
Seller Financing
Not available

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