Services - Drycleaning/Laundry

Asking Price	$550,000	Inventory
Gross Income	$104,000	Real Estate	$550,000**
Cash Flow	Not Disclosed	Year Established	1982
FF&E	$220,000*	Employees	0

* included in the asking price

** not included in the asking price

815 Huron River Drive, Ypsilanti, Michigan, 48197, Great Opportunity to keep as is or redevelop. Corner 2 tenant retail center next to Eastern Michigan University campus & the campus apartments. New Coin Laundry business (2950/sf) is included with the real estate. Long-term Barber shop (1172/sf) tenant. Plenty of parking and good signage. Good location Huron River Drive, between La Forge and Jarvis. EMU Campus. Campus bar & restaurant, retail center for EMU students, faculty and staff.

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Facilities: Corner 2 tenant 4.122/sf retail center next to Eastern Michigan University campus & the campus apartments. 2005 New Coin Laundry business (2950/sf) is included with the real estate. Long-term Barber shop (1172/sf) tenant. Plenty of parking and good signage. Good location. Barber business was once a small restaurant. Easy to convert back. Great corner for food retail for EMU students. Nice corner bar & restaurant, retail center.

Competition: The dorms and apartment buildings have laudry centeres. Nearest coin laundry on Washtenaw which has 2-3 on a 3 mile stretch between EMU campus and US-23.

Growth/Expansion: It is preferable that the sale of the business includes the real estate and operation of the laundromat. Currently 2 tenants, laudromat $3000/month + utilities & salon $900/month + utilities. Would consider operator to take over laundromat business only, please inquire with listing agent, Jennifer Burn (734) 417-0530 Currently a coin laundry, could offer dry cleaner, all washer & dryers and equipment are new, wash & fold, bulk washing for additional revenue

Financing: cash or land contract

Support/Training: Owner willing to train