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Renovated Coin Laundry/Laundromat in Wayne County

$319999

Fixed

Description

This laundromat was beautifully renovated three years ago with mostly new equipment, electrical work, and interior renovations. It is a free-standing building with plenty of parking. All washers and dryers are Huebsch Models, with 51 machines in total. They offer wash, dry, and fold services, dry cleaning, and alteration services. They have a few commercial accounts for wash, dry, and fold services, making up 25%- 35% of the revenue.

There are plenty of upside opportunities to increase revenue: add pick-up and drop-off residential service, expand commercial accounts, partner with banquet facilities and restoration companies, add credit card readers to machines, add an ATM, accept mobile payments, add more vending and arcade machines, and offer more laundry supplies for sale. Even a nook is available to turn into a small coffee/snack shop.

This location has been a coin laundry for 34 years.

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Lease Details

Lease Expires - 2025
Real Estate Included In Sale -
Rent Amount - 3150
Square Footage - 4000
Lease Options Available -
Lease Comments -

Lease expires 8/31/2025


Location Description -

4,000 square-foot stand-alone building located on a busy roadway.


Equipment Details

Room amenties
Number Of
Washers - 26
Bathroom amenities
Number Of
Dryers - 25
Media Technology
Make Of Equipment -
Huebsch
Media Technology
Ancillary Equipment -

Bill coin changer
Vend Rite 8-column soap machine

Business Operations

Room amenties
Hours Of
Operation -
Bathroom amenities
Number Of
Employees - 2
Media Technology
Payment System
Media Technology
Security System
Media Technology
Full Service Offerings -