Property summary
This thriving dry cleaning business in Pontiac, Michigan, presents a unique opportunity for an entrepreneur. Located on a busy commercial road with high visibility, this 5,000 square foot facility boasts impressive annual gross revenue of $380,000. The business is situated on owned real estate, though the land value of $250,000 is not included in the $285,000 asking price. The current owner is retiring after 20 years of operation, making this a turnkey opportunity for a new owner. Equipment is in good condition, with a recently installed dry cleaning machine. The buyer will need to assume the existing equipment loan. Significant growth potential exists through increased advertising; currently, no advertising is utilized. The business is offered with a 50% down payment financing option. This is an exceptional chance to acquire a well-established business with substantial revenue and significant room for expansion by adding drop-off locations and implementing a marketing strategy. The property is located in Oakland County, Michigan, with the address available upon request. The zip code is 48302.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Property description
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