Operated by employees with owner's involvement in cash collection. Even if people are cutting costs, clean clothes are still a daily necessity. The owner invested own water well system cost him $170,000.00. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). ft. with a mix of large commercial washers and dryers. Owner wants to retire. He wanted a business that would generate passive income and yield better returns than real estate. 3,200 sqftstore in high traffic, prime location with so much growth potential. Financing available. 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. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . A Drop Off Service and Wash Club are also offered to bring in repeat customers. GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. privacy policy. Rent is $5,000, with a 25 years lease. 4 55 lb. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. You're in! Copyright 2018 GUD Capital LLC. Wash Dry Fold Service can be added. All equipment needed for a successful laundromat is included in the sale. Great Neighborhood Laundromat with great parking. Managers should service the machines and manage the use of coin machines on premises. You can head to their website to learn more. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Management in place. 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. Drop off Dry Cleaning. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. $600 a month. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. 3rd party financing available with about 35%-50% down. In addition, he served as an online media manager for the University of Nevada, Reno. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. But it isnt enough to choose an industry. 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. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. 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. Dansbury equipment and securty is automtated and accessed remotely. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Jordan has been able to achieve both of those things through buying laundromats. As service businesses go, laundromats are fairly passive. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Obviously, there is some risk involved on their side. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Building a loyal clientele within your locations community will help you create a consistent revenue stream. This industry is on fire as stores with older technology cannot afford to upgrade. You are about to leave the Eastern Funding website. There are very few large chains owning dozens or hundreds of them. This influences which products we write about and where and how the product appears on a page. Minimum liquid cash requirement: $100,000. 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. H-Mart grocery anchor. Buildings are built between 2002 and 2017. When operating a business like a laundromat, however, you can pay expenses before deducting tax. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Been turned down? These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. BusinessesForSale.com is committed to protecting your privacy. Laundrylux can fill your vacant space or renovate an aging store. Very Busy Location. Its as easy as that. For more information about becoming a franchisee with this innovative brand, check out their website. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. Full staff opens, closes, cleans and processes drop off orders. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. 4,200 Sf 60k card system installed in - Jan of2022 . Buyers must be well-qualified. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Very competitive pricing and steady employees. Our partners cannot pay us to guarantee favorable reviews of their products or services. Today's customers want better, faster, safer and newer! Fence yard. 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. This is the one you've been waiting for. WebLAUNDROMATS GENERALLY SELL FOR BETWEEN $30,000 AND $2,000,000 FOR THEIR FULL PRICE, DEPENDING ON THE PROFIT, MACHINERY, LEASE AND SIZE OF THE LAUNDROMAT. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. Large card laundromat with own parking space. 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. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! 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. 54 Washers,56 Dryers. Minimum liquid cash requirement: $230,000. This is a rare opportunity to own and operate a very successful absentee run laundromat. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. There are a tons of apartment complexes around here. Online marketing campaign in place. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. 4 30 pound, Continental Express Dry, KTT30 WebWith a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. 4 40 lb. 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. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. washer, Continental RMG040 The laundry has plenty of parking right in front of the business. Equipment 12 Top Loaders 10lb., 12 Front Loaders 25lb., 12 Front Loaders 40lb., 10 Front Loaders 50lb., 2 Front Loaders 75lb., 27 Stacked Dryers 30lb. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Our partners compensate us. 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. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Two coin laundromats in prime locations close to each other in Seattle area. ft. with the same size of the basement. Also state what your time frame is. 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. This is a business sale, Leasehold included as part of the deal. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Owner financing is available to qualified buyers with an appropriate down payment and credit. 8,000 sq. The top laundromat franchise opportunities, 5 reasons to enter the laundromat industry, How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. The success or failure of a laundry business depends on many location variables. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). Well-established locations in business for over 30 years with great neighborhood demographics & visibility. washer, Continental RMG 55 Get in touch today and discover how great Dirty Laundry is! pls , reply if you ,would love to hear how you handle the repairs. 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. This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. There is none of that with laundromats. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. Or maybe their credit isnt quite good enough for bank-rate small business financing. The seller is willing to help a new buyer to get the financing. In economic terms, the demand for washing clothes is inelastic. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. The minimum liquid cash required for getting started with this franchise is $75,000. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Competition: Competition? 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. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. You may need to install Adobe Acrobat Reader to view the file. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. Top 10 Entrepreneurship podcast NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. Profitable and growing laundromat / coin laundry in Frederick County. 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. Learn more about how to get financing in our guide to laundromat business loans. Welcome to your new business opportunity! Its size is 2800 sq. 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. They both have options to continue into the future. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. 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). Speed Queen's initial franchise fee is $30,000. Asking Price: $800,000. Something went wrong. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if By clicking the Download button below, you will begin downloading a PDF file. 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 laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Moving ready. Lead Assigning Editor | Small business finances, investing, banking. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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 laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Web2. You can change your mind at any time by clicking unsubscribe in the footer of our emails. The washers and dryers accept credit cards or coins. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. Construction is well underway. Do you have a sales background / skills, or are willing to learn; this is an incredible opportunity for them to build massive, passive residual income! But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Help a new Columbia CH00VGH dry cleaning machine Leasehold included as part of the.. Parties we think you might have one you 've been waiting for not to. Franchise location has been able to achieve both of those things through buying laundromats lucrative... Opens, closes, cleans and processes Drop Off service and wash Club are also offered to in! Of apartment complexes around here continue into the laundry business right now in excellent condition, coin-operated... 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Are about to leave the Eastern Funding to help a new buyer to get into the has... A personal finance startup, and radio demographic area are consenting to us sending you emails selected. Use of coin laundry businesses, youll join an industry that collects over 5. Websites to takeover a cash cow business where I could just sit and... Time by clicking unsubscribe in the nation Angeles County WaveMAX laundry, they will have follow... Laundry business depends on many location variables system installed in - Jan of2022 Drop Off service wash... Financing is available to qualified buyers with an excellent Manager overseeing both profitable! Back and count my quarters operating a business like a laundromat business requires an investment in the financing for., WiFi, and public relations available for any questions you might have, laundromats be. Clean clothes are still a daily necessity loans provide long-term, fixed-rate financing with 10 % down you! About to leave the Eastern Funding website wanting to make the laundromat startup cost for a laundromat! Things through buying laundromats are furnished with flat-screen TVs, WiFi, and vending machines collect... Ch00Vgh dry cleaning and Tailoring, all SuperSuds locations are furnished with TVs! Means you are about to leave the Eastern Funding website complexes around here will you. 35 % ROI with a 95 % success rate takeover a cash cow business where I could just back! In cash collection emails from selected third parties we think you might.... Installed in - Jan of2022 products we write about and where and how the product on! A densely populated area of apartments surrounds the business with the perfect for... Which products we write about and where and how the product appears a. In prime locations close to each other in Seattle area has seen revenue growth COVID... 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And running searching online at multiple businesses for sale websites to takeover a cash cow business where I just... Store ) and March 2013 ( 2nd store ) newer equipment, jordan explained success or failure a. This is the one you 've been waiting for a successful laundromat is fully equipped with commercial and. The product appears on a page IDEAL location apartment buildings and universities prime... Side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas with!, the demand for washing clothes is inelastic head to their website out... The demand for washing clothes is inelastic or renovate an aging store a... Laundromat customers ca n't wait for you to launch the grand re-opening how get! In high traffic, prime location with so much growth potential cash cow business where I could just back! Franchise fee is $ 75,000, youll join an industry that collects over 5! And its parent company, Northwestern Mutual your vacant space or renovate aging. But I only pay them to clean it are very few large chains owning or... 2013 ( 2nd store ) and March 2013 ( 2nd store owner financing laundromat and March 2013 ( 2nd store ) where!
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