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$154K Net Income | 24-Year Dry Cleaners & Coin Laundry

Listing Number: 60338-498365

Listing Details

$154K Net Income | 24-Year Dry Cleaners & Coin Laundry
Price: $280,000
Location: Wayne County, Michigan
  • Down Payment: $280,000
  • Sales: $354,000
  • Seller's Discretionary Earnings: $154,000
  • Inventory: $0
  • Furniture, Fixtures, and Equipment: $0
  • Employees: 4
  • Year Established:
  • Reason for Selling: Retirement

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Business Description

This established dry cleaning and coin laundry business has operated successfully for 24 years and is well known in the community. Operating from a 5,000 sq. ft. facility, the business generates approximately $154,000 in annual net income, providing immediate cash flow for a new owner.

The coin laundry includes 42 washers and dryers, with 15 dryers recently replaced and parts ordered for additional units. While the business is fully operational, a new owner should plan for facility renovations and equipment modernization to maximize long-term performance and value.

Landlord & Real Estate Opportunity:

  • Landlord will repair the roof

  • Landlord is open to selling the property to the buyer this year

  • Potential path to business + real estate ownership

This creates a unique opportunity for a buyer to acquire a cash-flowing operation now and potentially secure the underlying real estate, building long-term equity.

Business Highlights:

  • 24 years in operation

  • Approx. $154K annual net income

  • 5,000 sq. ft. facility

  • 42 washers & dryers

  • Four on-site employees

  • Established and loyal customer base

Growth & Value-Add Potential:

  • Renovate and modernize facility layout

  • Upgrade remaining laundry equipment

  • Implement card or app-based payment systems

  • Expand wash-and-fold services

  • Improve branding and signage

This opportunity is ideal for an operator or investor seeking stable income today with clear upside through renovation, modernization, and potential real estate acquisition.

Serious inquiries only. NDA required for financials and additional details.