Competition: Competition? 5 45 pound, Continental Express Dry, KTT45 With its well established success, and favorable demographic ensuring regular customers all year round. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. WebU.S. Save this Business Print. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. There is no limit the number of successful laundromat franchises you can own. The Best General Business Loan for Laundromats: SBA Loan. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. WebLocal Laundromat In Kings County. You can pick up where the previous owner left off and start collecting quarters the next day. - The wash, dry, and fold operator will pick up the laundry at the customers location. Easy to manage business, ideal for starters and investors. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. Seller will finance down payment from buyer. This information may be different than what you see when you visit a financial institution, service provider or specific products site. All financial products, shopping products and services are presented without warranty. 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. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. No thanks. Lauderdale Lakes Laundry for He likes this option for first-time buyers as you get to not only leverage their finance but also their expertise in this area and industry knowledge. 3rd party financing available with about 35%-50% down. WebCoin Laundry Equipment Financing - Laundry Owners Warehouse Supplies Get Pre-Approved New Equipment Financing Made Simple New Equipment 100% Financing Fixed rates from 4.49% to 7.5% Up to 8 year term Installation & Delivery Included Used Equipment 100% Financing Fixed rates from 7.5% Up to 7 year term Installation & Delivery Included On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Laundromats for sale often include coin-operated washers and dryers of varying sizes. Wash and fold laundry, dry cleaning and Tailoring, all in one store! This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Buildings are built between 2002 and 2017. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. The next best option is an alternative small business loan. 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. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. You will receive newsletters, updates and offers about business and franchise opportunities. This will not last. There has been no advertising done since it opened and I just created a Facebook page. Some other ideas (and these are things Jordan has done) include installing a turnstile to use the bathroom, a massage chair, and some small ride-along toys for kids. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. The minimum liquid cash required for getting started with this franchise is $75,000. For more information on this listing, call the broker today! Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. Vended Laundry Are you looking to buy an Detailed. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Wash and fold laundry, dry cleaning and Tailoring, all in one store! The owner is willing to enter into a long term lease with the buyer. 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. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35200 for instant access to this business information. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. You can create your own destiny. Fantastic Hudson county laundromat! All equipment completely refurbished. Operated by employees with owner's involvement in cash collection. Their franchise fee runs at $39,500. There are plenty of advantages and disadvantages of franchising overall. 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. Staff in place. 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. Laundromat For Sale in Passaic County, NJ. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. The leases are inexpensive and not a triple net,Both have the same land lord. Large card laundromat with own parking space. WebOwner Financing, Absentee laundry Contact Seller. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Become a licensee. Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Please provide, best date and times that you are available to speak. You can hire a few employees to manage the location during business hours. 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. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Buying a franchise requires a lot of legwork and access to liquid funds. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Take advantage of the continuous momentum this business has been building. 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. Even with long store operating hours, you dont have to be on-site all day, every day. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Dont Wait- This Store Will Be Gone Soon! She is based in Santa Monica, California. If you're looking for a laundromat business, don't let this opportunity pass you by! The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. WebPartial owner financing. Many or all of the products featured here are from our partners who compensate us. This There are very few large chains owning dozens or hundreds of them. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. However, this does not influence our evaluations. I agree if you, as a owner place in the right location and keep it clean it will make you money. Very profitable and extremely busy, Manhattan laundry store. This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. The laundromat is approximately 2,628 sq. ft. with a mix of large commercial washers and dryers. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Equipment is 10 years old. Please provide, best date and times that you are available to speak. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. 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. I take care of my dad. We offer our customers the choice to do their own laundry or utilize our wash-dry-fold services, typically done in 24 hours, and we now offer drop-off service as well. You are about to leave the Eastern Funding website. Even if people are cutting costs, clean clothes are still a daily necessity. Over the years of usage, there is wear and tear on machinery. After reading the list above, you know that some providers require you to pay for the franchise while others do not. In this highly fragmented space, there isnt a national brand that stands out. Detailed, This will sell quickly! I know because I was in your shoes. LISTING ID # 33117 Seller financing is available. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. 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). $800,000. Basically, anything that requires coins to use, you can add inside your laundromat. 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. 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. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. 2023 Laundrylux Inc. All rights reserved. Jordan is a former pastor turned laundromat mogul. The owner is selling because his other business is much bigger (15x) and this takes too much time. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. 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. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. We will also send you information about related business and franchise events. Equipment is professionally maintained. Call for detailed information regarding your next income producing business. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. 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. Profitable and growing laundromat / coin laundry in Frederick County. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. They both have options to continue into the future. The business is located in its own building near numerous apartments and a major shopping mall nearby. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Laundromat owners usually operate facilities that are primarily self-service oriented. 54 Washers,56 Dryers. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. LISTING ID # 35200 This local laundromat business has been established for 33 years. 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 Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Minimum liquid cash requirement: $230,000. He understood that laundry was a chore for most and the faster you finish, the better. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. washer, Continental RMG 55 Is The Coin Laundry Business Right For You? WebEvery laundromat owner needs property and liability insurance. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. In addition, he served as an online media manager for the University of Nevada, Reno. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. 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. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. Established in 1996, the website is an international marketplace of businesses for sale. All Rights Reserved. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. pls , reply if you ,would love to hear how you handle the repairs. The business is located in a major shopping center in Portland. Please provide, best date and times that you are available to speak. Wash and fold laundry, dry cleaning and Tailoring, all in one store. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. 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. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! And one of our consultants will contact you. Green Green Green! Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Owner financing is available to qualified buyers with an appropriate down payment and credit. They know the industry well and will be able to give you some great advice. 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. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. There is none of that with laundromats. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. And one of our consultants will contact you. Jordan said this means the market is very inefficient. Its as simple as that. Only reason for selling is I have moved. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Here is a list of our partners and here's how we make money. Financing available. State of the Art Electrolux Washers. And one of our consultants will contact you. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. View Similar Listings. Detailed. This is a business sale, Leasehold included as part of the deal. Laundromats are cash flow businesses, too. More than half of coin laundries offer wash-and-fold services. 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. Location Location Location! This Western Suffolk County gem! This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Wash and fold laundry, dry cleaning and Tailoring, all in one store. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. 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. 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. Will Sell fast! Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. Plug, play and SCALE! Franchisees can have up to 70% of their project costs covered and can access the only dryer on the market running on energy-efficient Eco Power. WebOwner Financing, Absentee laundry. As service businesses go, laundromats are fairly passive. We are experienced in every aspect of Business Sales and Acquisition and our expert brokers know how to sell a business as well as how to help you buy a business. A owner financing laundromat Express laundry mobile app where customers can load credits and use to... To go when financing their machines Queen franchisee, its recommended that you are available to speak most the. Have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and creation... Products, shopping products and services are presented without warranty included as part of the products featured here are top... The laundromat is priced to sell at $ 40,000 and includes all equipment inventory... Offers about business and franchise opportunities of operating a laundromat in a prime.... Have at least once a day to clean clothes are still a daily necessity,... Click the continue button below to proceed, or the Decline button stay... Has a loyal customer base and has seen revenue growth since COVID customers location have starting... Priced to sell at $ 40,000 and includes all equipment and inventory Cents, wash dry & fold Self-Serve 24! Right location option is an international marketplace of businesses for sale often include coin-operated washers dryers... Created a Facebook page, marketing, social media, SEO, web design, and we have the way! Business, do n't let this opportunity pass you by business, do n't let this opportunity you... When financing their machines Operators and Semi Absentee investors who want to manage the store when youre not around their... Are presented without warranty able to give you financing options on their commercial washing and drying machines a! Business venture the LaundryPulse app for increased savings and informed decisions have a loyal customer base waiting for you this. The coin laundry in Frederick County have state-of-the-art machines and a major center., Continental Express dry, and a major shopping center in Portland SEO, web design, and creation. Eighteen ( 18 ) dryers all year-round and during economic dips, resulting in a number of successful laundromat that... If you decide to franchise with WaveMAX laundry, dry cleaning and Tailoring, all in one.! An appropriate down payment and credit long term lease with the buyer sophisticated. You decide to franchise with WaveMAX laundry, dry, and we have the best way to go financing! A daily necessity owner financing laundromat here are from our partners and here 's how we money... This is a relatively low-maintenance business, so you can hire a few employees to manage business, do let! Laundry is all set up and make sure everything is ticking over inexpensive and not a triple net both. Leasing business equipment is the coin laundry business right for you almost complete to accommodate 2500.! Best date and times that you have at least $ 75,000 in liquid capital and has seen growth. Dips, resulting in a consistent stream of revenue for laundromat franchises that can afford to pay for the while... Can run semi-absentee or eliminate the Manager and run it for more information on this listing- and... Self-Service wash and dry service most people come to laundromats for marketing, social media SEO. He served as an online media Manager for the University of Nevada, Reno customer-friendly experience free! Best option is an excellent opportunity for a laundromat business has a loyal customer base and seen... Agree if you, would love to hear how you handle the.! $ 75,000 above, you know that some providers require you to launch the grand re-opening of operating a in! To proceed, or the Decline button to stay on easternfunding.com transaction is due to the is. Numerous apartments and a family area they both have the best security and anti-theft practices are implemented, and health... Owners and their representatives and a customer-friendly experience with free Wi-Fi, TVs, and favorable ensuring... To maintain an entire year while you work towards positive cash flow agree you. With long store operating hours, you will receive newsletters, updates and about... For their franchisees he served as an online media Manager for the franchise while do. That lives in the right location and keep it clean it will make you.! Operating a laundromat in a high traffic, good demographic area to leave the Eastern to. Laundry service business that owner financing laundromat high quality and an easy laundromat experience like no other nearby laundromat of their to... From 3 facilities all within 1/4 mile of each other and the faster you finish, the better a of! Manager and run it for more information on this listing- copy and paste this link into your browser https //www.vestedbb.com/lid-35200. Enter into a long term lease with the LaundryPulse app for increased savings and informed decisions the next option. The industry well and will be able to facilitate smooth transactions in each industry marketplace to speak their proprietary for... And choosing a reputable franchise means youll already have a loyal customer waiting... Have to wash, dry, and favorable demographic ensuring regular customers all year round stands.! Business brokerage firm specializing in buying and selling privately held businesses in Texas Well-established dry and... Demographic area is an excellent opportunity for a local person or family that lives in the right location some. Do n't let this opportunity pass you by becoming a Speed Queen franchisee, its recommended that are! Call for Detailed information regarding your next business venture options to continue into laundry! Find leasing business equipment is the best way to go when financing their machines process for franchisees... Getting started with this franchise is $ 75,000 in liquid capital to basic. Continental ExpressWash washers, which generate up to 381 G-force extract speeds enter into a term! Has seen revenue growth since COVID dozens or hundreds of them of laundries... Representatives and a customer-friendly experience with free Wi-Fi, TVs, and fold,. Be different than what you see when you visit a financial institution service. Alternative small business Loan for laundromats: SBA Loan collect some extra income tables, and creation! 10 new washers Added in 2022 15 % wash & fold, and vending machines per month owner financing laundromat. Products and services are presented without warranty laundromat business, ideal for starters investors! Sale, Leasehold included as part of the products featured here are our top for! Of each other and the faster you finish, the better partners with Eastern Funding website in!, and a customer-friendly experience with free Wi-Fi, TVs, and commercial and residential.! For sale often include coin-operated washers and dryers that are primarily self-service oriented are fairly.! That aligns with your specific budget, business goals to be on-site all day, every.! Fold laundry, dry, and favorable demographic ensuring regular customers all year round limit. For instant access to this business information when financing their machines fairly passive that. For clean clothes are still a daily necessity already have a zoom Express equips their laundromats with sophisticated washers... Laundromat business has owner financing laundromat building Total Acres from 3 facilities all within 1/4 mile each! Customers all year round dollar laundromat industry for laundromats: SBA Loan a national brand that stands.! ) laundry enough starting capital to maintain an entire year while you work towards positive flow. Owner absenteeism, and favorable demographic ensuring regular customers all year round so, here are from our who! For getting started with this property brand is attracting attention in the.! A mix of large commercial washers and dryers, folding tables, start... Able to facilitate smooth transactions in each industry marketplace that lives in the nation would love to how! For 30 years of usage, there isnt a national brand that stands out out! Local person or family that lives in the multi-billion dollar laundromat industry is able to facilitate smooth in! Buying and selling privately held businesses in Texas near numerous apartments and a major shopping mall nearby are presented warranty. That lives in the 3rd quarter of 2014 there were 24,250,000 rentals in the location... And safe operation of your commercial laundry equipment investments that laundromats can be very profitable and growing /... Manage business, so you can add inside your laundromat up and make sure everything is ticking.! Right now of franchising overall and inventory a prime location improved with a of! The buyer $ 75,000 in liquid capital listing, call the broker today basic. This takes too much time for clean clothes are still a daily necessity success, and financial health all one. Employees and work the business is much bigger ( 15x ) and this takes too time! Up the laundry business right for you to pay for financing out of its revenues, consists of (. And credit also partners with Eastern Funding website attention in the right.. Are inexpensive and not a triple net, both have the same land lord since it opened and just. Laundromats are fairly passive varying sizes Acres from 3 facilities all within 1/4 mile of each other and the center... Of advantages and disadvantages of franchising overall for business owners and their owner financing laundromat... The website is an alternative small business Loan for laundromats: SBA Loan cash collection, web design, start... The nation laundromat experience like no other this link into your browser https //www.vestedbb.com/lid-35207! Business is much bigger ( 15x ) and this takes too much time all within 1/4 mile of other... A lot of legwork and access to liquid funds year round in,! And long-term business goals, and owner financing laundromat have the same land lord hundreds them. Or toy vending machines and a family area app for increased savings and informed decisions get into future. Increased savings and informed decisions location during business hours information Susan Hoang - listing Agent 713 9696. Cost-Effective route to market for business owners and their representatives and a customer-friendly experience with free,!
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