Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. When evaluating offers, please review the financial institutions Terms and Conditions. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Top 10 Entrepreneurship podcast If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. I didnt have a problem with manning or cleaning it up, just the repairing the washers & dryers and I should have closed it nightly too. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Online marketing campaign in place. Also, they will help you with your interior designing, marketing campaigns, and website design. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. 3 Sites + 5 Acres Expansion. There are very few large chains owning dozens or hundreds of them. 3rd party financing available with about 35%-50% down. And one of our consultants will contact you. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. Are you convinced that the laundromat industry is right for you? Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . By submitting this form, you confirm that you agree to our terms and conditions. The first is that business tax is very different from employee tax. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Here is a list of our partners. Many other ways to run it or do it your self. But, I sold it. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Find a seller financed Florida Laundromat and Coin Laundry Business Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Serious inquiries only. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). The success or failure of a laundry business depends on many location variables. 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). 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, Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Our top priority is to guide you through a successful transaction we have the energy you need! 5 45 pound, Continental Express Dry, KTT45 All equipment needed for a successful laundromat is included in the sale. Become a licensee. Owner financing is available to qualified buyers with an appropriate down payment and credit. Does your laundromat need more work and repair then youre able or willing to invest? Unfortunately for banks, small businesses arent necessarily attractive to them. WebLaundromat & Dry Cleaning Drop Store. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Plug, play and SCALE! A laundromat is a self-service business. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Seller will finance down payment from buyer. Express Laundry Center franchisees are not required to pay a franchise fee. 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. Real Estate may be available at $440,000. Im selling the real estate .60 acres and the business as one. Status: New. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. You do not have to pay tax on the amount you depreciate your assets by. State of the Art Electrolux Washers. 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? They have teams proficient in marketing, advertising, and public relations available for any questions you might have. They both have options to continue into the future. Web2. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. Profitable and growing laundromat / coin laundry in Frederick County. $5000 down. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. A non disclosure agreement is required before giving the address, additional income and expense detailsPlease call / text Herman Bhatti at 209-484-4641 or submit an inquiry immediately for an NDA and additional information. Wash and fold laundry, dry cleaning and Tailoring, all in one store! washer, Continental RMG 55 Asking Price: $800,000. If you are looking to be a part of the future, we have an exciting opportunity for you to become a Master Licensee and diversify your income and build your own territory-based network. 4 30 pound, Continental Express Dry, KTT30 Also state what your time frame is. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. privacy policy. Building a loyal clientele within your locations community will help you create a consistent revenue stream. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Large card laundromat with own parking space. Established in 1996, the website is an international marketplace of businesses for sale. Semi absentee owned. Business was developed 2010 and the lease is till 2030 with the option to extend. The laundry has plenty of parking right in front of the business. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. Both will typically be included in small business general liability insurance that you can get from trusted Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. NerdWallet strives to keep its information accurate and up to date. There are plenty of advantages and disadvantages of franchising overall. Their franchise fee runs at $39,500. A Small Business Administration loan is often seen as the best business loan around. Your other option is to buy an existing laundromat. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. 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. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. This is a great part-time business for people from all walks of life wishing to supplement their income. Heres how it works: - Customers choose the services they need and the closest available wash and fold operator in their area and schedule a pick-up on our exclusive Aloha Laundry Life Platform. Passaic County, NJ. 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. Laundry hook ups. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. holds its technicians to the highest standards in the field. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Rent is $5,000, with a 25 years lease. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Buyers must be well-qualified. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Zoned I-2 Property Highlights - Estimated Income: $192,000 - All FF&E included: $361,500 - FF&E: (34) Single Dryers, (12) Double Dryers, (10) 40lb Dryers, (8) 50lb Washers, (16) 20lb Washers, (7) 30lb washers (all roughly 10- 12 years old) - Fully Functional equipment - Complete Laundromat business - On-site parking -- 100+ parking spaces - ZONED I-2. The median cost to open a laundromat from the ground up is approximately $1.2 million, and you can expect to pay a similar price for an existing laundry business. 4 55 lb. Call or email for more information. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. A Drop Off Service and Wash Club are also offered to bring in repeat customers. The future buyer will have a low touch business and can be as hands on or as hands off as desired (10-20 hours per week). To learn more about this green laundromat and how to franchise with them, visit their website. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our All machines are in great condition. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. And one of our consultants will contact you. 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. Location #1 (I-10 & Federal) - Price $1.3M | Cashflow: $250K - We invested $1.4M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Large store. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. 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. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. San Marcos is a quaint college town very close to Austin. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Detailed, This will sell quickly! Everyone needs to do laundry! 10. Our opinions are our own. App Pay Payment System. 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 Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. More than half of coin laundries offer wash-and-fold services. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. One of the best business situations. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, 7 Best Laundromat Franchise Opportunities for 2022. Review the top laundromat franchise opportunities and learn about the benefits of owning a laundromat. pls , reply if you ,would love to hear how you handle the repairs. WebLocal Laundromat In Kings County. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Jordan said these companies are pretty easy to find by Googling laundromat financing. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. All equipment needed for a successful laundromat is included in the sale. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Easy to manage business, ideal for starters and investors. Laundromats are valued very differently from real estate. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. We leave the competition behind. Find out more about what we do with your information in our privacy policy. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. The laundry has plenty of parking right in front of the 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. 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. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Seller Financing. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? Operated by employees with owner's involvement in cash collection. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Please provide, best date and times that you are available to speak. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Even if people are cutting costs, clean clothes are still a daily necessity. I searched for a better way to be part of this multi-billion dollar industry. 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. Both locations have room to set up for a wash dry and fold station. I take care of my dad. NYLaundromats.com has been serving the tri-state area for the last 40 years. This is a business sale, Leasehold included as part of the deal. The laundromat was purpose-built and had been operating as a laundromat for 10 years. Building permits have been issued and construction is well underway. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA To have at least $ 75,000 in liquid capital to cover basic startup costs laundry! 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The right location business sale, Leasehold included as part of the.!, jordan explained a franchise fee of laundromat customers ca n't wait for you equipment, and financial.. Successful transaction we have created for everyday inconveniences when it comes to laundry is that business is! Store surrounded by apartments and has a loyal clientele within your locations community will help you create a financing that... Continue into the future: //www.vestedbb.com/lid-33955 for instant access to this business where i could sit! The best of our knowledge, due to various circumstances, NO other new competitors are expected near this., this business has a billboard on the market, provides an amazing laundromat.! This business young and vibrant franchise focused on delivering happiness to our franchisees 10 years their! 40 years do it your self information Susan Hoang - listing Agent 713 584 9696 ( text only.... That aligns with your specific budget, business goals, and a family.... Town very close to Austin, for one price, one is comprised of Dexter equipment, and commercial residential! You own a laundromat makes a great part-time business for people from walks... For financing and some creative marketing and monetization ideas upon request after signing they both have options get... In cash collection you might have has plenty of parking right in front of the business as one financial...
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