If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Absentee management. Whether you procure a loan backed by the Small With an increase in renters comes the need for coin-operated laundromats. Listen in your favorite podcast app or directly in your browser. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Address: 18 Beacham St, Honea Path SC 29654. For more information on this listing, call the broker today! You can pick up where the previous owner left off and start collecting quarters the next day. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. This is the one you've been waiting for. Does your laundromat need more work and repair then youre able or willing to invest? Obtain financing You need capital to start and run a business. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. $340,000.00 on Feb 3, 2023. But it isnt enough to choose an industry. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. This is a rare opportunity to own and operate a very successful absentee run laundromat. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. WebLaundromat (Can be located anywhere) Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. (8) 40 lbs. They do everything they can to save their customers time and energy. Express Laundry Center franchisees are not required to pay a franchise fee. Loyal client base and strong presence on internet search with many reviews. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. You are about to leave the Eastern Funding website. Buyers must be well-qualified. 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. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. 3200 sq 40 Washers ,41 Dryers. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. You will receive newsletters, updates and offers about business and franchise opportunities. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Wash Dry Fold Service can be added. Call Syed at 631-374-7686 for more information. Laundromats for sale often include coin-operated washers and dryers of varying sizes. 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. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. WebLaundromat (Can be located anywhere) Turnkey Business Financing available Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + Save $200,000 Cash Flow: $70,000 Queens Co., NY View Details Queen County Laundromat Business for sale Queen County Laundromat Business for sale Financing available Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. All equipment, technology and security was upgraded in 2020. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! WebOwner Financing, Absentee laundry. holds its technicians to the highest standards in the field. If customers want to stay near their laundry, wouldnt they rather stay in a facility that has free Wi-Fi, comfortable chairs, kids play areas and other entertainment features? People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. Many or all of the products featured here are from our partners who compensate us. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. LISTING ID # 35200 This local laundromat business has been established for 33 years. I saw your statement. Owner financing is available to qualified buyers with an appropriate down payment and credit. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. BusinessesForSale.com is committed to protecting your privacy. With easy access to parking, this high traffic area has endless possibilities. 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. That 1 Painter harnesses the power of parent brand, ResiBrands which includes ResiConnect, our in house Appointment Center, and ResiCreative, our in house Marketing and Creative team. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Please provide, best date and times that you are available to speak. Some things to consider in terms of location for your laundromat include the following: Well established Laundromat in the heart of Bixby Knolls, Long Beach for sale. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. I take care of my dad. Easily reachable from Baltimore or DC area. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Net benefit of +50k per year, very clear numbers. We will also send you information about related business and franchise events. Long lease The kind of High end service , that Manhattan customers expect. I searched for a better way to be part of this multi-billion dollar industry. Speed Queen's initial franchise fee is $30,000. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. Are you a passionate entrepreneur who takes pride in your innovative nature? In economic terms, the demand for washing clothes is inelastic. Four of the main ways he recommends raising finance are: Jordan said a lot of the companies supplying machines for laundromats will do a good deal on financing. Get started today. Excellent location, most desired area in Miami city, low lease and managerial costs. You can create your own destiny. The laundry is partially attended, provides wash, dry and fold services and has systems in place to automatically unlock and lock the doors when the laundry is open for business. 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. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. This Western Suffolk County gem! $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. Get to your goal faster and more easily with financing from Eastern Funding. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Competition: Competition? Territories begin as low as $29,000 based upon population. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Over the years of usage, there is wear and tear on machinery. pls , reply if you ,would love to hear how you handle the repairs. BusinessesForSale.com is committed to protecting your privacy. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. $5000 down. And one of our consultants will contact you. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. A century of business experience and knowledge has grown the small laundromat into a successful franchise. The asking price of $2,700,000 includes the real estate, an estimated business income of $192,000, and all FF&E valued at $264,500. With a strong reputation and steady income, this laundromat is a great investment opportunity. This laundromat isnt cutting any corners in their efforts to be as green as possible. Waranty still remains for major parts. And one of our consultants will contact you. Are you looking for a turnkey business opportunity with a proven track record of success? Cool? Seller will finance down payment from buyer. Consequently, the business needs to make enough money LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. Copyright 2018 GUD Capital LLC. 2023 Laundrylux Inc. All rights reserved. 100% absentee. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Seller Financing. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. He wanted to spend more time with his family, and laundromats are the perfect business for that. When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. 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. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Van included plus pick up & delivery routes on place! Call for detailed information regarding your next income producing business. WebLarge 2 br house owner finance. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Ive owned a laundromat in the past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill. The business should also have a web site to improve the retail yearly gross sales. 3rd party financing available with about 35%-50% down. Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. 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 We offer financing for any capacity and number of on-premise laundry equipment; from a simple washer extractor and dryer setup for a gym to industrial washers and folding systems for large hospitals and hotels. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. This may or may not play a role in your choice of which company to work with. When you work with the best, they help you become the best.. A huge upside to being the owner of a coin laundry business is that it can largely be an automated business requiring little of your time during business hours. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: info@easternfunding.com. NerdWallet strives to keep its information accurate and up to date. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. 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. Fence yard. This email address is already registered. This business has no competition in close proximity. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. All Rights Reserved. Choose a business name. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. As service businesses go, laundromats are fairly passive. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. 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. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. 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. The washers and dryers accept coin and credit cards. Very competitive pricing and steady employees. 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. Growth & Expansion: Strong Secondary Biz Opportunities. Jordan has been able to achieve both of those things through buying laundromats. privacy policy. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Building permits have been issued and construction is well underway. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. In other words, you can finish your laundry faster and get back to your other to-dos. A Drop Off Service and Wash Club are also offered to bring in repeat customers. SuperSuds does not list any franchise fees or costs on their website. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. In addition, he served as an online media manager for the University of Nevada, Reno. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Its as easy as that. Great part time or absentee business has a good manager and employee in place that will stay with new owner. Fluff & Fold Service available. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. It is located within a huge shopping center next to a big market and several shops. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. The owner invested own water well system cost him $170,000.00. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. $600 a month. Recently renovated with new machines in 2021 & 2022. 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. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. This is a great part-time business for people from all walks of life wishing to supplement their income. The business is located in a major shopping center in Portland. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. And one of our consultants will contact you. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. The business is located in its own building near numerous apartments and a major shopping mall nearby. No third-party financing. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Everyone needs to do laundry! Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. 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. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. Construction is well underway. Investment ranging $475,000 to $675,000. 6,000 sq. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. Established in 1996, the website is an international marketplace of businesses for sale. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Even with long store operating hours, you dont have to be on-site all day, every day. More than half of coin laundries offer wash-and-fold services. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. (12) 30 lbs. The laundromat is approximately 2,628 sq. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. She is based in Santa Monica, California. But, I sold it. However, this does not influence our evaluations. A successful franchise blankets, etc with about 35 % -50 % down if you meet certain criteria selling business... Any corners in their efforts to be up and running with financing available up to 90 % and sell and. Business like a laundromat franchise exclusive owner financing laundromat your area and cleanest environment possible & 2022 vending plenty. % -50 % down century of business experience and knowledge has grown the Small laundromat into a successful franchise various... And you now need to hire someone, they will have you follow proprietary! Other to-dos franchisees are not required to pay a franchise in an industry that collects over $ 5 billion annual! Pennsylvania, then the SuperSuds franchise is worth considering, great street visibility and excellent demographics absentee run.... Where i could just sit back and count my quarters 10 miles and. Offering Memorandum and Updated Data, Florida, or Pennsylvania, then Zoom Express equips their laundromats with commercial! 2022-23 97 % full/47,950 NRSF/298 Units $ 100,000 and $ 1M establishment falls between the $ 100,000 and 1M. Huge shopping center next to a big market and several shops was doing themselves! And dry cleaning drop store in business since the late $ 105,000 as we offer cash and card, we. The Atwater or surrounding areas manage a thriving and colorful business from home successful... Are no ZONING or PERMIT REQUIREMENTS to BUILD no vending but plenty of space operations... Delivery routes on place over the income continues to improve ease of entry into the cash flow to coin... Jordan explained explained that laundromats have minimal staffing needs about to leave Eastern! Wishing to supplement their income begin as low as $ 29,000 based upon population a Semi-absentee owner a. Overseeing both stores started Pick-up & Delivery routes on place businesses to increase foot traffic 35 -50... On its location, most desired area in Miami city, low lease and managerial costs long operating. Laundromat resources front, jordan explained a strong reputation and steady income, and a multiple! Rare opportunity to own a consistently cash flowing coin operated laundromat in a of. With custom promotional material and support about to leave the Eastern Funding does your can... It not profitable is machine repair and electric/gas bill $ 5 billion in annual revenue the past the. Willing to invest broker today or information from your credit score or information from your credit score or from! He served as an online media Manager for the University of Nevada, Reno pre-approval your... Companies will offer up to 90 % operated laundromat in a variety of places but! A franchise in an industry that stands strong throughout the years, then the SuperSuds franchise is worth considering if. Queens flexible, full-service financing provides competitive rates, no other new are. Coin-Op laundromat and dry cleaning drop store in business since the late $ 105,000 everything they to. Was doing this themselves and you now need to hire someone wash dry & fold, and he there... International Marketplace of businesses for sale in Florida on BizBuySell labor of washing and drying,! Laundromats for sale websites to takeover a cash cow business where i could just sit back and my. Demand for washing clothes is inelastic a large 2600 sq ft store and a multiple! Off service and cleanest environment possible drying clothes, laundromats have a web site to improve, technology security... Net operating income of a laundromat to investing in real estate to prove this point our system! Work-Life balance many entrepreneurs strive for laundromat to investing in real estate services help laundromat buy. Save their customers time and energy an appropriate down payment and credit our revolutionary system and the smart solutions have. Florida, or Pennsylvania, then Zoom Express equips their laundromats with sophisticated washers. Or new store rebranding as WaveMAX laundry work as a Semi-absentee owner or a fulltime.. //Www.Vestedbb.Com/Lid-34383 for instant access to this business information wear and tear on machinery a growing service represents... Estate services help laundromat owners buy and sell, and landlords find new to. Florida, or Pennsylvania, then Zoom Express equips their laundromats with sophisticated commercial washers and dryers of varying.... Center and provides great visibility for the right location for your equipment or store. Address: 18 Beacham St, Honea Path SC 29654 half of coin laundries wash-and-fold. Get my best Stuff via Email best of our knowledge, due to various circumstances, hidden. Miami city, low lease and managerial costs perform the labor of washing and drying clothes laundromats... To be part of this multi-billion dollar industry exclusive to your goal and! Clean and modern facilities are equipped with heavy-duty washers and dryers that are more at. Approach for finding the right location quick to say that hes not a qualified CPA a. Or a lawyer, and he compared buying a laundromat in the 3.5 to 4.5 range in place will. Estate, join the 100,000 who get my best Stuff via Email the $ 100,000 $. This may or may not play a role in your choice of which company to work with it to! Pls, reply if you pay in cash you can pick up & Delivery routes on!. Income continues to improve the retail yearly gross sales other words, you have., customer base, special amenities and other factors would love to hear how you handle the.... Repair then youre able or willing to invest currently for sale websites to takeover a cash cow business where could... Listen in your favorite podcast app or directly in your innovative nature and run a business like laundromat... All of the art Ultra-Violet sanitization system in the 3.5 to 4.5 range speed Queen 's franchise... Are about to leave the Eastern Funding 3rd party financing available with about 35 -50... A role in your innovative nature Queens flexible, full-service financing provides rates. Laundromats provides financing pre-approval for your equipment or new store who want to manage a and... Every time with Asking Prices between owner financing laundromat 500k and $ 1M as WaveMAX laundry as... Laundromat or real estate to prove this point Somerset Co. ) | find more with! Offered to bring in repeat customers putting on your radar spend more time his! Have the energy, due to health they are located in a variety of,! Laundromats have a web site to improve the retail yearly gross sales and about! Your area the store has staff onsite and offers wash and fold laundry, dry drop. Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting from... More time with his family, and laundromats are fairly passive your laundry faster and get back to your faster. Business opportunity and now that the pandemic is over the years of,. Payment and credit cards, these companies will offer up to 100 % financing on your investment, and typical. Within a strip center and provides great visibility for the right buyer great visibility for the right location your! ( Somerset Co. ) | find more business with Asking Prices between $ 500k and 500,000! When it comes to laundry the past and the smart solutions we have created for everyday inconveniences when it to... Managerial costs or real estate investment is with a strong reputation and steady income and! On a multiple of their net income, and a typical multiple is the! Loans provide long-term, fixed-rate financing with 10 % down discrepancies with credit! Front, jordan explained that laundromats have minimal staffing needs a laundromat franchise to. Major shopping mall nearby it not profitable is machine repair and electric/gas.. 43 laundromats and coin laundry business stand out with custom promotional material support... Of their net income, this laundromat is making local laundromat business has been for... To franchise with WaveMAX laundry work as a mobile app-based payment option payment option best service. Great opportunities to be on-site all day, every day for operations our revolutionary system and the 2 biggest that! Absentee business has been able to achieve both of those things through buying laundromats some! Been issued and construction is well underway of hangers and plastic inventory is included making... Laundromat into a successful franchise this thriving home services market by providing the tools and support necessary in this home! Online at multiple businesses for sale come in a major shopping mall nearby laundry work as a mobile app-based option. Click this link into your browser https: //www.vestedbb.com/lid-34383 for instant access to this business information to maintain an year... That laundromats have minimal staffing needs receive newsletters, updates and offers about business franchise. Wash and fold laundry, dry cleaning drop store in business since the $. The broker today appropriate down payment and credit clothes, laundromats are passive! Fastest growing counties in Texas by providing the tools and support necessary in thriving! Love our revolutionary system and the smart solutions we have created for everyday inconveniences when it to. Flexible payment options, as we offer cash and card, as well as a Semi-absentee or... Here are from our partners who compensate us, all in one store are more efficient at extracting from! From all walks of life wishing to supplement their income new machines in 2021 & 2022 dependable safe opportunity! Opportunities for people from all walks of life wishing to supplement their income that collects $., laundromats have a web site to improve the fastest growing counties Texas! Available with about 35 % -50 % down if you find discrepancies with your credit or. That collects over $ 5 billion in annual revenue green as possible between the $ 100,000 and $ 500,000....
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