Established Coin Laundromat with Real Estate | Genesee County, MI
Business Overview
A rare opportunity to acquire a long-established, free-standing coin-operated laundromat with the real estate included, located in Genesee County, Michigan.
Operating continuously since 1965 and under current ownership for more than two decades, this is a turnkey, self-service operation with a deep equipment roster and a loyal, repeat local customer base. The business runs seven days a week and generates steady, year-round cash flow, making it well suited to either an absentee or a hands-on owner.
Financial performance has trended strongly upward. Gross revenue grew from approximately $213,196 in 2024 to $265,605 in 2025, with owner-benefit cash flow rising over the same period. The self-service model, combined with a large-capacity machine mix, supports durable margins and repeat traffic.
The offering includes a free-standing masonry building of approximately 5,200 square feet on a lot of roughly one acre, with central air and forced heat, ample on-site parking, and city water and sewer. The property is owned free and clear and is included in the sale.
Equipment (all owned outright, no leases): a full complement of large-capacity washers, including 50 lb and 70 lb Milnor units, 35 lb Milnor units, and 20 lb Wascomat units, alongside a deep bank of dryers up to 80 lb capacity. The large-capacity machine mix differentiates the location from smaller competitors in the immediate area and supports higher per-turn revenue.
The property also houses a companion dry-cleaning and specialty garment-care counter, providing an additional service line and cross-traffic alongside the core self-service laundry.
Growth avenues include card and app-based payment systems alongside coin operation, extended operating hours, added wash-and-fold or drop-off services, loyalty programs, and commercial or institutional bulk-laundry accounts.
This listing is presented confidentially. The business name and exact location are withheld and disclosed only to qualified buyers upon execution of a confidentiality agreement.
Investment Highlights
Business Highlights
- Established Operating History
- Loyal Customer Base
- Repeat Customer Driven Sales
- Recession Resistant Industry
- Multiple Revenue Streams
- Low Overhead Operating Structure
Location Highlights
- Prime Real Estate Available
- Ample Parking
- Excess Land or Storage Potential
Financial Overview
Verified — TaxFinancial Notes
SDE shown reflects owner benefit per the current listing agreement. Buyers should verify against 2024 and 2025 tax returns and the seller's SDE worksheets during due diligence.
Addbacks Summary
Owner benefit reflects add-backs for owner/family compensation and non-cash charges (depreciation). Full SDE worksheets available to qualified buyers under NDA.
Historical Financial Performance
2024
2025
Business Details
1965
2003
1 PT , 3 Contractors
7 days per week, 8:00 AM to 10:00 PM
Business License, Sales Tax License
Approx. 30 designated spaces plus overflow
Coin-Operated Laundromat (Self-Service) with Dry-Cleaning Counter
Approximately 5,200 sq ft free-standing building with ample on-site parking (roughly 30 designated spaces plus overflow). Layout built for steady, repeat self-service traffic, with a companion dry-cleaning and specialty garment-care counter.
Occupancy & Real Estate
Genesee County, Southeast Michigan
Included
$300,000
5200
Owned
Free-standing masonry building on approximately 1.03 +/- acres (150 ft x 300 ft lot). Central air and forced heat. City water and sewer. Owned free and clear and included in the sale.
Reason for Sale
Retirement
Frequently Asked Questions
Start by asking whether this is the type of business that actually fits your interest, background, goals, and available time. The first question is not just "does this business make money?" It is also "would I want to own and operate this?" After that, review the financial summary, asking price, SDE or EBITDA, business description, lease or real estate information, owner involvement, staff structure, reason for sale, and key business details. If the business looks like a potential fit, you can submit a request for more information. From there, we can confirm whether we already have an NDA on file or help you complete one before releasing additional details. A listing page should help you decide whether to take the next step. It is not meant to answer every question you will ever have before breakfast.
SDE stands for Seller's Discretionary Earnings. It is commonly used for smaller Main Street businesses where the owner is actively involved in the operation. SDE is intended to show the total financial benefit available to one working owner. For many small businesses, owners may have personal, discretionary, non-recurring, or owner-specific expenses running through the financials. SDE adds back certain expenses that a new buyer may not incur, along with certain non-cash expenses such as depreciation and amortization. This helps buyers better understand the normalized earning power of the business. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. EBITDA is more commonly used for larger or more sophisticated businesses, especially when there is management in place and the financials already include appropriate management compensation. The major difference is that SDE typically adds back one owner's compensation and benefits, while EBITDA usually assumes management compensation is already included in the operating expenses. In plain English: SDE is usually more common for owner-operated businesses. EBITDA is usually more common when the business is large enough to be viewed more like an organization than a job with employees.
In many cases, yes. Asking price is the seller's target price, but final terms depend on buyer interest, financing, deal structure, due diligence, and negotiation. A strong offer is not just about price. Sellers also look at down payment, financing certainty, buyer qualifications, contingencies, closing timeline, transition expectations, and how serious the buyer appears. A lower offer with clean terms and a qualified buyer may be more attractive than a higher offer that has more holes than a gas station umbrella.
Some listings include real estate, some offer real estate separately, and others are lease-only opportunities. The listing should indicate whether real estate is included, available, or not applicable. Buyers should pay close attention to whether the reported cash flow accounts for rent. In many cases, even if real estate is available or included, the business cash flow is shown after accounting for rent that the business would pay for occupying the property. If you buy the business and the real estate together, you may effectively receive the benefit of that rent as the property owner. Said differently, the business may pay rent, but if you own the property, that rent may come back to you through the real estate ownership structure. Buyers should review the real estate structure carefully with their lender, CPA, attorney, and advisors.
Most business sales include some form of post-closing transition assistance, but the length and depth vary by transaction. That assistance is usually focused on transitioning the business, not teaching the buyer an entire trade from scratch. A seller may help with vendor introductions, employee handoff, customer transition, basic systems, POS training, operational routines, and general guidance. But if you buy an electrical contractor and you are not an electrician, the seller is not going to turn you into one in two weeks. That is not training. That is a miracle with a clipboard. Buyers should understand what skills are required to operate the business and whether they personally have those skills, can hire those skills, or can manage people who do.
Employees are generally expected to continue working after a sale, but they cannot be legally forced to stay. One of the reasons confidentiality is so important before closing is to avoid unnecessary employee concern or disruption. After closing, employee retention becomes part of the buyer's responsibility. Most employees want stability, fair treatment, clear communication, and confidence that their compensation and work environment are not going to suddenly get worse. A buyer who comes in respectfully, avoids unnecessary immediate changes, and follows evolution instead of revolution will usually have a much better chance of retaining employees. If a buyer walks in on day one acting like a dictator with a spreadsheet, employees may start updating resumes before lunch.
In many cases, a buyer may be able to visit the business discreetly as a customer, especially if it is a customer-facing location. However, buyers must not speak with employees, ask suspicious questions, disclose that the business is for sale, or approach the seller directly unless the visit has been coordinated and approved. Formal site visits are usually coordinated after a buyer has been screened, signed an NDA, reviewed preliminary information, and shown serious interest. Confidentiality matters. A casual visit should not turn into a detective mission with bad acting.
Before submitting an offer, you should ask enough questions to understand the business, the general financial performance, the owner's role, employees, lease or real estate terms, reason for sale, financing potential, transition expectations, and whether the opportunity fits your goals. Our goal is to provide enough information for a serious buyer to decide whether they want to move forward. However, there is a line between pre-offer review and due diligence. Before an offer, it is reasonable to clarify major issues. After an offer is accepted, due diligence is where the buyer verifies the information in detail, reviews supporting documents, examines expense lines, checks contracts, evaluates records, and digs deeper into the business. In simple terms: before the offer, you decide whether the opportunity makes sense. During due diligence, you verify that it is what it was represented to be.
Submit a request for more information through the listing page or contact Capital Business Brokerage directly. We will confirm the listing you are interested in, determine whether an NDA is already on file, and guide you through the next step. Depending on the listing and your qualifications, you may receive additional information, speak with a broker, ask clarifying questions, request a seller call, or prepare an offer. The cleaner and more complete your buyer information is, the faster the process usually moves. Serious buyers tend to get more serious traction.
Information regarding this business has been provided by the Seller and other sources and is believed to be reliable, but has not been independently verified by Capital Commercial Group, Inc., also known as Capital Business Brokerage. All financial, operational, lease, real estate, inventory, equipment, licensing, and other information is subject to buyer verification and may change without notice. This listing is for informational purposes only and is not an offer or binding agreement. Buyers should conduct their own due diligence and consult their own legal, tax, accounting, lending, and business advisors before making any decision. Additional confidential information may require a signed confidentiality agreement, buyer screening, and Seller approval.