0 0000Ypsilanti Charter Township, MI 48197

Property Details for 0 0000

Property type

Commercial real estate

Description

This established dry cleaning drop-off store, located within a busy Kroger grocery mall in Ypsilanti Charter Township, Michigan (zip code 48197), boasts impressive gross revenue of $248,000 and an EBITDA of $60,000. The business operates on a simple, one-person model, requiring minimal staffing. Monthly rent is $3,300. The current pricing structure includes $4.50 for shirt laundry and $7.99 for pants dry cleaning, indicating strong profit margins. While the business outsources the cleaning process, it maintains a high volume of sales due to its convenient location within the Kroger mall. The business generates a net income exceeding $5,000 per month, in addition to the owner's salary. Note that alteration services, generating approximately $10,000 annually, are not included in the reported sales figures. This presents a significant opportunity for growth and expansion. The asking price for this turnkey operation is $150,000. This is an exceptional opportunity for an individual seeking a profitable and relatively low-maintenance business venture. The business is categorized as "Business Only" and does not include any real estate.

Location Insight

City

Ypsilanti Charter Township

County

Washtenaw

State

Michigan

Latitude

42.1966

Longitude

-83.6136

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