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    High Sales Dry Cleaner Canton, MI 48187

    Sponsored
    For Sale
    $279,900

    Profitable Canton, MI Dry Cleaning Business

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving dry cleaning business in Canton, Michigan, presents a fantastic investment opportunity. Generating $350,000 in annual sales, this established enterprise is situated in a remodeled shopping center on a major thoroughfare, ensuring high visibility and convenient access for customers. The business includes all necessary equipment for dry cleaning and shirt laundry services, minimizing upfront investment costs for the new owner. The current monthly rent is $3,750. The business currently employs one person. A key competitive advantage is the existing delivery service, providing a convenient option for customers and potential for expansion. The seller is retiring, providing a clear reason for the sale and a smooth transition for the buyer. The business offers comprehensive training for a period of at least two weeks, ensuring a seamless handover of operations. Financing options may be available through an SBA loan with a 15% down payment. This turnkey operation is ready for a new owner to step in and continue its success. The business is located in Wayne County, Michigan, with a zip code of 48187. Ample parking is available for customers. The square footage of the leased space is not specified. The lease expiration date is not provided.

    Property Features for 0 High Sales Dry Cleaner

    General Information

    Property type
    Investment properties
    Square Feet
    1 SF

    HighLights

    • Canton, MI location.
    • Leased space; square footage unavailable.
    • Lease expiration date unavailable.
    • One employee.
    • Competitive advantage: delivery service.
    • Growth potential: existing delivery service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Canton
    County
    Wayne
    State
    Michigan
    Longitude
    -83.4963567
    Latitude
    42.3373253

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    FAQs

    What type of property is this?
    Investment property - Profitable Canton, MI Dry Cleaning Business
    Where is this investment property located?
    The property is located at High Sales Dry Cleaner Canton, MI.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: Canton, MI location.; Leased space; square footage unavailable.; Lease expiration date unavailable.
    Request Owner's contact information
    High Sales Dry Cleaner Canton, MI 48187
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    High Sales Dry Cleaner Canton, MI 48187
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