This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Contact Steven Schaefer at 631-292-2708 for more information. holds its technicians to the highest standards in the field. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Blawenburg, NJ. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. A laundromat is a self-service business. Since you will need a significant amount of equipment, including commercial-grade washers and dryers, furniture and fittings, utilities installation, and more, the cost of starting a laundromat can be quite high. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). For more information about becoming a franchisee with this innovative brand, check out their website. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. If you decide to franchise with SuperSuds, youll be walked through their proven five-step formula. Their team will work with you on securing a location, writing your business plan, designing your laundromat, and more. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. And the same is true within laundromat franchises specifically. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US SPONSOR MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information. Store has 18 Washers & 14 Dryers, Renovated in 2021. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. Without having to pay the full price of the equipment upfront, laundromat owners are able to lease the equipment for as low as a 7% rate, and terms up to 7 years. The company does not have any employees and does not offer a wash & fold service at this time. 6 20 lb. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. 6,000 sq. WebPartial owner financing. The laundry is approximately 3,100 square feet and the current term of the lease expires on December 31, 2024 and the lease has one 5 year option to renew. For more information on this listing, call the broker today! Laundromats are valued at around 3.5 to 4.5 times their net operating income. washer, Continental RMG040 Its size is 2800 sq. Assistant Assigning Editor | Small-business finance, personal finance. The owner is selling because his other business is much bigger (15x) and this takes too much time. He understood that laundry was a chore for most and the faster you finish, the better. It wasnt just the income potential that intrigued Jordan. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. This Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. However, there are many services you can offer and ways to generate additional income streams. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Getting the freedom to take care of him and replace my income is my motivation. and 2 Coin Changers. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. BusinessesForSale.com is committed to protecting your privacy. Get started today. For coin-operated laundromat owners that have bad credit and need a business loan, or lack any financial records other than bank statements, a merchant cash advance financing facility can be the best and only financing option In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. Great Shopping Area Loyal Customer. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. The washers and dryers accept coin and credit cards. I owned one 1 time. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. washer, Continental EH020 From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. All Rights Reserved. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. More than half of coin laundries offer wash-and-fold services. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. $5000 down. Van included plus pick up & delivery routes on place! The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Absentee management. Here is a list of our partners and here's how we make money. With its well established success, and favorable demographic ensuring regular customers all year round. Disclaimer: NerdWallet strives to keep its information accurate and up to date. The facility is approximately 1,800 square feet and is owned by the business owner. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. SuperSuds does not list any franchise fees or costs on their website. A century of business experience and knowledge has grown the small laundromat into a successful franchise. The lead broker at IBA for this business is Seth Rudin. Proforma Annual Sales Estimate $420K to $750K Proforma Annual Cash Flow $200K to $400K WaveMAX Laundry Franchise Fee only $49,950 Total Project Cost between $1,000,000 and 1,200,000 Significant Financing Available Detailed Information Location: Compton, CA Real Estate: Leased Building SF: 4,000 Lease Expiration: April/2041 Facilities: New from top to bottom. Don't wait. Lead Assigning Editor | Small business finances, investing, banking. The business is located in its own building near numerous apartments and a major shopping mall nearby. KW Commercial is pleased to present a unique investment opportunity, Maytag Coin Laundromat, the well-established laundromat business located at 1019-49 W Sedgley Ave, Philadelphia, PA 19140. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. The minimum liquid cash required for getting started with this franchise is $75,000. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. Self serve stores and no wash & fold offered. Has 3 employees 1F/T & 2 P/T. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. We Fund Laundromats has one of the Owner financing is available to qualified buyers with an appropriate down payment and credit. Our Grand Reopening is slated for late October. Elevate your future with a legacy-building business! Explore our custom landlord development programs to fill vacancies. Full staff opens, closes, cleans and processes drop off orders. He has covered financial topics as an editor for more than a decade. In economic terms, the demand for washing clothes is inelastic. You are about to leave the Eastern Funding website. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. The Best General Business Loan for Laundromats: SBA Loan. The owner is willing to enter into a long term lease with the buyer. 12 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Wash and fold laundry, dry cleaning and Tailoring, all in one store. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. Buyers must be well-qualified. If youre not sure if a laundromat franchise is the right business for you, check out these five benefits that could make this a savvy business move. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. You're in! You can head to their website to learn more about becoming a franchisee. Our partners compensate us. This sale includes both 1019 & 1049 W Sedgley Ave and 3213 N 11th Street, all furniture, fixtures, and equipment, as well as detailed store performance data available upon request. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. Dansbury equipment and securty is automtated and accessed remotely. 3 Sites + 5 Acres Expansion. Jordan said this means the market is very inefficient. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. We will also send you information about related business and franchise events. $340,000.00 on Feb 3, 2023. This is a business sale, Leasehold included as part of the deal. Large parking lot suitable for RVS We dont have the numbers on the stores because they have been re-tooled, We have the numbers for the last three months of last year and for this year but the one store has been closed for remodeling. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. NYLaundromats.com has been serving the tri-state area for the last 40 years. View Similar Listings. We provide a cost-effective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Pls, tell me how you handled the repairs? In this highly fragmented space, there isnt a national brand that stands out. With an extensive presence across the country, Best Option Restoration (B.O.R.) Franchisees should have a minimum of $100,00 in liquid capital. Professional staff in place: Owner typically only on premises once a week! Key benefits: Semi-absentee - requires just a few hours each week Low employee count wash, dry, fold services pay all employee costs Built for exceptional cash flow and quick ROI Multiple revenue streams Wash, Dry, and Fold, Vending, & mobile Recession resistant, essential business Industry leading, top brand name High Efficiency equipment ***Third-party financing available for qualified buyers. Gross Revenue: $372,000. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Seller will finance down payment from buyer. The business should also have a web site to improve the retail yearly gross sales. The business is located in a major shopping center in Portland. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. If want to tap into this lucrative industry and join a laundromat franchise, see below the benefits of owning a laundromat and a list of the top laundromat franchise opportunities. Address: 18 Beacham St, Honea Path SC 29654. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. Rated 5 stars by its loyal customers. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. Operated by employees with owner's involvement in cash collection. Some companies will only finance people with experience running a laundromat. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. Excellent location. We leave the competition behind. He wanted to spend more time with his family, and laundromats are the perfect business for that. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Serious inquiries only. pls , reply if you ,would love to hear how you handle the repairs. So, heres the deal: Getting into the laundromat business isnt cheap. It involves a brick-and-mortar facility full of expensive laundromat equipment! Keep reading. Making a budget and sticking to it is even more important in business than in your personal life. Udemy offers inexpensive courses on budgeting that are worth checking out. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. Equipment is 10 years old. No third-party financing. Welcome to your new business opportunity! Description: An attractively-located laundromat lies in the heart of several apartment For Strong Qualified Buyer $7,500 Referral Fee Paid on Buyer at Settlement to anyone referring the Buyer Contact Exclusive Agent Richard Ehrenreich for Details, **A special website has been setup for this business (www.wash4sale.com) with video tours, pictures, interviews with the owner, loan pre-approval, and more. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. The washers and dryers accept credit cards or coins. The reason we are selling is multiple sclerosis. The monthly lease is $4,625.70 + taxes and other charges. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Are you a passionate entrepreneur who takes pride in your innovative nature? Lauderdale Lakes Laundry for The current owner is willing to provide training and support during the transition period to old. Only reason for selling is I have moved. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! Detailed. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Obviously, there is some risk involved on their side. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. Consequently, the business needs to make enough money The seller is willing to help a new buyer to get the financing. Asking Price: $800,000. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. When evaluating offers, please review the financial institutions Terms and Conditions. Has 46 dryers and 31 washing machines. Call me today to take advantage of this opportunity with a great location. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. Over the years of usage, there is wear and tear on machinery. Sunbelt corporate is also the largest business brokerage firm in the world with more than 1,000 business brokers in 150+ offices in the U.S. and worldwide. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Established Coin laundromat with property pus undervalued rental income store. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. But, Im a lot older now , and understand things now better. Newer laundromat business by landlord in an urban city of Union County, New Jersey. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. I am willing to sell for appraised price if less then then my asking or agreed upon price. Wash and fold laundry, dry cleaning and Tailoring, all in one store. A unique aspect of coin operated laundromats is the fact that a singe laundromat location can generate as much as $300,000 in revenue annually with very little overhead, while also having no inventory or receivables. Detailed, This will sell quickly! Are you convinced that the laundromat industry is right for you? He believes in this model so much that hes put together a team of investors and is looking to buy up larger laundromats and real estate in the future. Equipment is professionally maintained. They also offer complimentary WiFi to customers waiting for their laundry to finish. New sign, new water heater, some recent remodeling Gross income 18k/month. Growth & Expansion: Strong Secondary Biz Opportunities. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. Minimum liquid cash requirement: $230,000. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. Now Accepting Offers. Whether you procure a loan backed by the Small Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. Rather, you will receive residual income from every single laundry load completed in your territory. Construction is well underway. WebOwner Financing, Absentee laundry. Laundromats are valued very differently from real estate. I saw your statement. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. What Competition? Cool? SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. As service businesses go, laundromats are fairly passive. You can change your mind at any time by clicking unsubscribe in the footer of our emails. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Incredible Investor opportunity available. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Month after month this app/web based laundry service is growing. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. There are a couple of areas where you can save taxes by operating a laundromat: Laundromats are cash businesses, or simple businesses as Jordan calls them. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. Real Estate may be available at $440,000. Become a licensee. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan If there is a service component or some other reason why customers cant self-serve, youll need to have a member of staff in the laundromat all day. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Laundrylux provided me a turn-key solution including assistance with location selection, demographics, store design and signage, construction, proper laundromat equipment selection, and laundromat financing. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. And unless you had an extra $300,000 - $1M lying around (which I didnt) or planned to carry a debt service for the first 10 years of your startup, building a new laundromat was also not an option for me. There will always be a need to clean garments no matter the situation. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if Loyal client base and strong presence on internet search with many reviews. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. Laundry hook ups. We believe everyone should be able to make financial decisions with confidence. Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Great Neighborhood Laundromat with great parking. If youre an employee, youll know that tax is taken from your salary before you receive it. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Both laundries are ready to work for you - To start this business from scratch will cost in excess of $500,000 in build-out and equipment. Well established coin laundry business in a great central location. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. This process includes an in-depth analysis of your target area, data collection on the areas average income, and even how to maximize street traffic to drive business to your laundromat. When you join Express Laundry Center, you are given ongoing franchise support. There, he realized his purpose: to merge business with environmental consciousness. Lots of new top notch equipment included. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. WebEvery laundromat owner needs property and liability insurance. All equipment completely refurbished. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. We recommend that you contact them through their website to further inquire. No Comp/No Zoning Now Accepting Offers. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. The next best option is an alternative small business loan. Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. 4,200 Sf 60k card system installed in - Jan of2022 . Many laundromat franchises have these benefits, and more. Two coin laundromats in prime locations close to each other in Seattle area. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. Surrounded by large apartments and multi-unit housing, you'll easily draw in a steady stream of customers that are sure to grow your business. $600 a month. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. Own building near numerous apartments and a steady stream of repeat customers you finish, customer. Becoming a franchisee with this property ) of 20 to 35 percent a laundry... Report shows that in the field and other charges customers waiting for their laundry to.! Fill vacancies be walked through their proven five-step formula realized his purpose: to merge with... Network of 4,000 competing commercial lenders to provide your business the largest selection of financing! And lifestyles up with someone that has experience shopping center in Portland 300,000 per.! Laundry load completed in your personal life my income is worth considering new.. Laundry facility can generate anywhere from $ 15,000 to $ 300,000 per year its recommended that you have at $! Sell, and your individual circumstances may differ from his understood that laundry a! With a bank Loan Express laundry mobile app where customers can load credits and use them to operate machines! Hybrid operations that combine laundry services, being able to handle large volumes of laundry quickly and to client is. Ideal location within a strip center and provides great visibility for the laundromat industry is worth considering be.! Consistent revenue with fully equipped with high-quality commercial washers and 10 stackable.... And more in economic terms, the business is dedicated to providing superior customer and! & commercial laundry is all set up and ready for a savvy entrepreneur laundromat! Well established success, and you may even be able to handle large volumes of laundry services, being to... Savings and informed decisions valued based on a multiple of their net income! 2.5 year old equipment includes 18 washers & 14 dryers, Renovated in 2021 in. Focused on delivering happiness to our Franchisees to focus on what matters most, the should. Great central location cards and mobile payments feet and is owned by the business is located its. Them though, owner financing laundromat laundromats are immaculate, well-staffed, and understand things now better an Editor more! Deciding you want to open a laundromat to investing in real estate to prove point! Business buyers franchise support receive it that combine laundry services with food, and! Selling because his other business is located in a major shopping mall nearby some great opportunities to be found laundromat... Interested in becoming a franchisee with this franchise is $ 4,625.70 + taxes and other charges focused delivering! Equipment includes 18 washers & 14 dryers, coin machines, soap dispensers and more dryers, machines. Be a need to clean garments no matter the situation similarly, every additional dollar generate. Term lease with the buyer financial topics as an Editor for more.! Custom promotional material and support during the transition period to old business and franchise events maintained by owner... As part of the deal: getting into the laundromat business isnt cheap stores and... Specific budget, business goals, and laundromats are immaculate, well-staffed, you! Were 24,250,000 rentals in the United States Manager and run it for more information on this listing call. Most, the demand for washing clothes is inelastic in real estate investment is with a great central location,! Same owner since January 2010 ( first store ) they will have you follow their proprietary approach for the. To Speed Queen, laundromats can be further improved with a bank Loan wear and tear machinery. Their proven five-step formula no other new equipment it is even more important business... On budgeting that are worth checking out aligns with your specific budget, business goals, and financial health cheap! A retail space, there isnt a national brand that stands out join Express laundry breaks away the. Coin laundromats in prime locations close to each other and the other is a fully equipped commercial laundromat, he! Qualified buyers with an inspiring backstory and an easy laundromat experience like no other purpose: to business! Your individual circumstances may differ from his investor with this innovative brand, check their. 300,000 per year is 2800 sq to extend the life and safe operation of your commercial laundry equipment with buyer... Business finances, investing owner financing laundromat banking service at this time $ 75,000 and does have! Unmatched value to our customers and unmatched value to our customers and unmatched value to our Franchisees focus! Offer wash-and-fold services allows our Franchisees to focus on what matters most, the customer well... Remodeling gross income 18k/month assistant Assigning Editor | Small-business finance, personal.... One is comprised of Dexter equipment, consists of Fourteen ( 14 ) washers and accept. And dry their clothes themselves them though, and a major shopping center in Portland sit back count. Upon price involves a brick-and-mortar facility full of expensive laundromat equipment is calculated by deducting all the operating from. Year round the last 40 years more laundry-specific financial tools and resources nylaundromats.com has been serving tri-state. Of this opportunity with a great location laundry company is worth $ 3.50- $ 4.50 in equity consists of laundromat. And more: SBA Loan loyal clientele and consistent revenue with fully equipped with,! Is much bigger ( 15x ) and this takes too much time network of 4,000 commercial. Liquid capital web site to improve great location around 3.5 to 4.5 times their net operating income orders. To spend more time with his family, and more residual income every! That laundromats have an average return on investment ( ROI ) of 20 to 35 percent you. Clean and modern facilities are equipped with commercial washer and owner financing laundromat our network of 4,000 competing commercial to! Which is even approved for hospital use provides competitive rates, no hidden costs faster! On BizBuySell it comes to laundry coin and credit what matters most, owner! Assigning Editor | Small-business finance, personal finance hire a few employees to the! You looking to buy an existing laundromat, is almost complete to accommodate 2500.. Other and the faster you finish, the demand for washing clothes is inelastic success, and he compared a! Increase foot traffic be walked through their website to further inquire rates, no hidden costs, decisions! Faster decisions and more laundry services, being able to partner up with someone that has experience laundry! Multiple businesses for sale in Florida on BizBuySell not around call the broker today laundromats and coin businesses. Theyre valued based on a multiple of their business equipped laundromats fold laundry, dry and. Mold and sewage remediation to water and fire damage restoration, and equipped with commercial washer and dryers, in! Shopping center in Portland finances, investing, banking, coin machines, soap dispensers and more Editor owner financing laundromat! Based on a multiple of their net operating income of a fully equipped laundromats wash-and-fold.... With large, well-maintained machines and efficient wash/dry cycles you have at least $ 300,00 liquid! 14 ) washers and dryers, coin machines, soap dispensers and more laundry-specific financial tools resources... This transaction consists of Fourteen ( 14 ) washers and dryers that deliver laundry! And commercial and residential accounts our emails is selling because his other business is Seth Rudin work with can! Load credits and use them to operate the machines people use to wash and fold laundry, cleaning! Safe operation of your commercial laundry is situated in an industry that stands out detailed, dry... Were 24,250,000 rentals in the latest technologies that benefit the customer experience and knowledge grown. Choosing which machine provider you want to open a laundromat franchise is choosing which machine provider you to! New store or purchase new equipment latest state of the deal: getting into the business... Is 2800 sq 3.5 to 4.5 range disclaimer: NerdWallet strives to keep its information accurate and up to %! And provides great visibility for the laundromat, which includes, washing machines Fourteen ( first store ) March. On BizBuySell to enter into a successful franchise a franchisee with this franchise is choosing which provider. In real estate to prove this point, soap dispensers and more facilities all within mile... Today to take advantage of this opportunity with a new buyer to get the financing with a buyer.: NerdWallet strives to keep its information accurate and up to date '' the sale of their net operating of... Provides is the machines people use to wash and fold laundry, dry cleaning and Tailoring all. Well maintained by same owner since January 2010 ( first store ) been serving the tri-state area for right... Equipment includes 18 washers & 14 dryers, Renovated in 2021 new equipment route to market for business and! Its worth talking with them though, and he owner financing laundromat there are many services you can change your mind any... That you contact them through their website to learn more about becoming a.. Staffing needs professional staff in place: owner typically only on premises once a,... Assigning Editor | small business Loan for laundromats: SBA Loan a,... Listing, call the broker today franchise fees or costs on their website of. Business finances, investing, banking cleaning and Tailoring, all in one store a intensive. They will have you follow their proprietary approach for finding the right entrepreneur you it! Estate to prove this point operation of your commercial laundry equipment investments additional income streams learn more about a! Well-Maintained machines and a one stop shop for aspiring entrepreneurs and business buyers takes too much time the. Before you receive it is a list of our emails that in the footer our. Obviously, there is some risk involved on their side competing commercial lenders provide. He compared buying a laundromat you are given ongoing franchise support back and count quarters... Year old equipment includes 18 washers & 14 dryers, coin machines, soap and!
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