Prime loc. 9000sqft Asset: 420k Rev. LaundryBiz Turnaround Needed

Listing Number: 60338-758476

Listing Details

Prime loc. 9000sqft Asset: 420k Rev. LaundryBiz Turnaround Needed
Price: $448,000
Location: Wayne County, Michigan
  • Down Payment: $150,000
  • Sales: $420,000
  • Seller's Discretionary Earnings: $0
  • Inventory: $20,000
  • Furniture, Fixtures, and Equipment: $200,000
  • Rent: $10,000
  • Employees: 5
  • Year Established: 40
  • Reason for Selling: Retirement

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For More Information About This Listing
Andrew Massouras
License # SL3406984
Listing Agent: Taslim Machado
License #

Business Description

Available for the first time in 24 years, this 9,000-square-foot laundromat & dry cleaner is a premier commercial asset located in a high-traffic plaza anchored by a major grocery retailer. We are offering this as a pure asset sale. This is an infrastructure-heavy opportunity for an operator who understands that the value lies in the hard-to-replicate utility infrastructure and the massive, prime-location footprint.

The Asset Value Proposition:
Massive Utility Investment: The site features a specialized commercial waterline build-out valued at over $200,000. In today’s market, the permits, construction, and capital required to replicate this infrastructure from scratch are astronomical.
Infrastructure-First: This is not a "plug-and-play" operation; this is a "scale-ready" shell. The existing commercial-grade plumbing, ventilation, and heavy-duty electrical are ready for a new vision.

Strategic Location: Situated on a primary thoroughfare in a high-density plaza anchored by a major grocery store. The sheer visibility and daily foot traffic are elite.

Untapped Capacity: Currently generating $420,000 in gross revenue, the site is under-performing only due to the current owner’s retirement transition and lack of active maintenance on existing equipment.

The Upside:
The business is currently operating at a fraction of its capacity. A new, energized operator who implements a professional repair maintenance program—or executes a complete machine refresh—will immediately capture the latent demand in this high-traffic location. With the right management, the revenue can be aggressively boosted through modern, efficient operations that the current owner is no longer able to oversee.

Investment Highlights:
24-Year Legacy Location: A established pillar of the community with a massive, dedicated footprint.

Turnkey for a Visionary: Whether you retain the layout or re-concept the space, you are bypassing months of permitting and massive infrastructure costs.
Owner Retirement: The owner is retiring and is not in a position to manage maintenance or daily operations. This is a classic "sweat equity" acquisition.

Required for Inquiry:
This is an asset sale for a serious operator or investor with the capital for equipment upgrades. No P&Ls will be provided, as this is an asset-based disposition. Please provide a brief overview of your background and your plans for the site when inquiring.