0000 Eastpointe, MI 48021
- Commercial real estate
- 9,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 0 0000
- Property size
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eastpointe
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9448
- Latitude
- 42.4662
