0 0000Eastpointe, MI 48021

Property Details for 0 0000

Property size (Sq ft)

9,000 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a high-performing coin-operated laundry and dry cleaning business, boasting impressive annual gross revenue of $1,150,000 and an EBITDA of $500,000. The business occupies a substantial 9,000-square-foot building located in Eastpointe, Michigan, zip code 48021, within Macomb County. The laundry portion generates approximately $650,000 in annual revenue, while the dry cleaning services contribute an additional $500,000. All laundry equipment is updated and in excellent condition. The business currently employs five individuals. The seller is motivated to retire, presenting a unique chance for acquisition. The asking price for both the business and the real estate is $3,600,000. While the business is offered as a complete package, alternative financing options are available. One possibility includes a business purchase with 50% down and owner financing, while the real estate could be financed separately or leased at a minimum of $15,000 per month plus NNN expenses. This turnkey operation offers significant potential for continued growth and profitability in a desirable location. Detailed financial information is available upon request. This is a rare chance to own a well-established, cash-flowing business with substantial real estate holdings.

Location Insight

City

Eastpointe

County

Macomb

State

Michigan

Latitude

42.4662

Longitude

-82.9448

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