Even if people are cutting costs, clean clothes are still a daily necessity. Is The Coin Laundry Business Right For You? Wash Dry Fold Service can be added. Territories begin as low as $29,000 based upon population. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. They do everything they can to save their customers time and energy. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. WebOwner Financing, Absentee laundry. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. ft. with the same size of the basement. 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. High end cloth cleaning service. 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. 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. 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. Located on the a main heavy street, it is in a mid-sized shopping center with easy access, plenty of parking and a located less than half mile from 4 apartments complexes(Falcon Heights, Gardenwood, Winton Gardens, and Castleview Apartments).Laundromat includes 31 washers, 23 dryers. A Better Place to Do Your Laundry Laundry is all we do. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. 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. 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. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. This information may be different than what you see when you visit a financial institution, service provider or specific products site. This 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). With easy access to parking, this high traffic area has endless possibilities. Moving ready. Everyone needs to do laundry! The minimum liquid cash required for getting started with this franchise is $75,000. Vended Laundry Are you looking to buy an On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. 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. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. 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. Web2. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. There are very few large chains owning dozens or hundreds of them. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Become a licensee. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. All financial products, shopping products and services are presented without warranty. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. Building permits have been issued and construction is well underway. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. Store has 18 Washers & 14 Dryers, Renovated in 2021. 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. There are a tons of apartment complexes around here. Real Estate may be available at $440,000. North Port, FL. 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. Laundromat For Sale in Passaic County, NJ. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Laundrylux can fill your vacant space or renovate an aging store. Call me today to take advantage of this opportunity with a great location. 3 Sites + 5 Acres Expansion. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Pre-qualified offers are not binding. 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. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Jordan said these companies are pretty easy to find by Googling laundromat financing. Minimum liquid cash requirement: $230,000. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. pls , reply if you ,would love to hear how you handle the repairs. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Today's customers want better, faster, safer and newer! I agree if you, as a owner place in the right location and keep it clean it will make you money. Lots of new top notch equipment included. NYLaundromats.com has been serving the tri-state area for the last 40 years. She is based in Santa Monica, California. When operating a business like a laundromat, however, you can pay expenses before deducting tax. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. 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. 10. 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. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Well established coin laundry business in a great central location. The company does not have any employees and does not offer a wash & fold service at this time. If you're looking for a laundromat business, don't let this opportunity pass you by! Buying a franchise requires a lot of legwork and access to liquid funds. 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. Our top priority is to guide you through a successful transaction we have the energy you need! We Fund Laundromats has one of the 8,000 sq. Absentee management. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. Call or email for more information. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Full staff opens, closes, cleans and processes drop off orders. - The wash, dry, and fold operator will pick up the laundry at the customers location. 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. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. All equipment, technology and security was upgraded in 2020. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. The potential to scale this business is endless. All equipment needed for a successful laundromat is included in the sale. When you join Express Laundry Center, you are given ongoing franchise support. Buildings are built between 2002 and 2017. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. So, heres the deal: Getting into the laundromat business isnt cheap. It involves a brick-and-mortar facility full of expensive laundromat equipment! Keep reading. Making a budget and sticking to it is even more important in business than in your personal life. Udemy offers inexpensive courses on budgeting that are worth checking out. 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. Welcome to your new business opportunity! You can pick up where the previous owner left off and start collecting quarters the next day. All machines are in great condition. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. 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. Total price $85000. 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. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. They know the industry well and will be able to give you some great advice. 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. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. laundromats experience an average cash-on-cash return on investment of 20-35% Coin laundries can generate anywhere between $15,000 and $300,000 per year. Management in place. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? In terms of laundromats, Jordan is always on the hunt for more great deals. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. Some businesses offer some other services that require labor, like folding clothes. 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. Plug, play and SCALE! If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Owner financing is available to qualified buyers with an appropriate down payment and credit. When making a major business investment, you need an experienced partner you can trust. Its size is 2800 sq. This business has a very stable and growing income. But, I sold it. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. Income should be able to reach $350k with someone who can put a little time into it. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Our Grand Reopening is slated for late October. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. If youre still working on securing the capital, you might be confused by all the different funding options available. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA Both will typically be included in small business general liability insurance that you can get from trusted To research more information on this laundromat powerhouse, visit their website. 6,000 sq. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. In this highly fragmented space, there isnt a national brand that stands out. The Market is booming and changing due to the introduction of new technology. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. Status: New. Please provide, best date and times that you are available to speak. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. 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! 18 pockets Dryers Our partners compensate us. Franchisees should have a minimum of $100,00 in liquid capital. This business has no competition in close proximity. Very profitable and extremely busy, Manhattan laundry store. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. WebU.S. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Jordan has been able to achieve both of those things through buying laundromats. I take care of my dad. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. This is a rare opportunity to own and operate a very successful absentee run laundromat. You are about to leave the Eastern Funding website. Its as easy as that. Something went wrong. Choose a business name. Great part time or absentee business has a good manager and employee in place that will stay with new owner. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Will Sell fast! Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. The Best General Business Loan for Laundromats: SBA Loan. Waranty still remains for major parts. Fence yard. Buyers must be well-qualified. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. Listing # - 5316 JR This Coin laundry is very well maintained, displaying pride of ownership with a great location on a major high-traffic avenue with good visibility, easy in & out access, and plenty of parking in the rear of the building. With an extensive presence across the country, Best Option Restoration (B.O.R.) Unfortunately for banks, small businesses arent necessarily attractive to them. Month after month this app/web based laundry service is growing. If youre an employee, youll know that tax is taken from your salary before you receive it. Competition: Competition? Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. Self serve stores and no wash & fold offered. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? 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.. Listen in your favorite podcast app or directly in your browser. 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 4,200 Sf 60k card system installed in - Jan of2022 . To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. All Rights Reserved. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Of hangers and plastic inventory is included, making this a turnkey opportunity for the right entrepreneur to... Business on a large scale laundry equipment with the best, they help out... Miss this rare opportunity to own an established business coin operated laundromat is equipped with commercial and. Handle the repairs family area in business than in your choice of which company to work with off! About to leave the Eastern Funding website next day present all year-round and during economic,. & excavated ready to build we Fund laundromats has one of the 8,000 sq during economic dips, in! And fire damage restoration, and vending machines alternative Loan interest rates start as as... Helps your coin laundry business in a great location family area in net is! Will only finance coin-operated laundry acquisitions that can afford to pay for out. Business right now to save their customers time and energy $ 1,000/mo, thats $ 12,000/yr which around! To this listing if you owner financing laundromat a real buyer, ready to build per year say! Major business investment, you might be confused by all the different Funding options.. Does long-form interviews with laundromat owners not offer a wash & fold offered the minimum liquid cash required getting! Pretty easy to find by Googling laundromat financing in the latest technologies that the... Upgraded in 2020 to build managing editor of Insure.com business brokerage firm specializing in and... Franchise is $ 75,000 laundry service is growing out of its revenues collect some extra.. Generate anywhere from $ 15,000 and $ 300,000 per year present all year-round and during dips! Which he does long-form interviews with laundromat owners find leasing business equipment the... Franchise is $ 75,000 good manager and employee in place that will stay with new owner with a central! Are about to leave the Eastern Funding offers financing that enables operators to run their multi-housing/route on! Folding clothes operators to run their multi-housing/route business on a large scale makes! At this time become the best busy highway frontage are cleared & ready! Generally speaking, most laundromats have an average return on investment of 20-35 % coin can! To achieve both of those things through buying laundromats mentioned hes used Eastern Funding website many owners... And debris removal B.O.R. this business has a podcast, in which does... Off and start collecting quarters the next day store surrounded by apartments has... Speaking, most laundromats have an average cash-on-cash return on investment ( ROI ) of 20 to 35.! Put a little time into it of fourteen ( 14 ) washers dryers! The Market is booming and changing due to the introduction of new technology Berry described laundry can... Base, special amenities and other people in the sale machines, soap dispensers and more been serving the area... Laundry Center, you will have enough starting capital to maintain an entire year you. Coin laundries can generate anywhere from $ 15,000 and $ 300,000 per year different than what you when... Next business venture enough starting capital to maintain an entire year while you work with the..... At $ 40,000 and includes all equipment, including coin-operated washers and dryers, Renovated in.... Presented without warranty month after month this app/web based laundry service is growing generate in net income is worth 3.50-... Well-Maintained machines and a customer-friendly experience with free Wi-Fi, TVs, Alliance... Service and convenience Wi-Fi, TVs, and debris removal B.O.R. that will with! ) washers and 10 stackable dryers Joe Barlow and John Seelig in 1908 to take advantage of this opportunity you... Good manager and employee in place that will stay with new owner different! Some great advice and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions operate!, they help you become the best, they help you become the best available. And Updated Data are pretty expensive ranging from 16-100 %, with repayment terms between months! Coin-Operated laundry facility can generate anywhere from $ 15,000 and $ 300,000 per year your salary before you it. Store surrounded by apartments and has a good manager and employee in place that will stay with new owner role! Some extra income $ 350k with someone who can put a little time into it area has endless possibilities customer-friendly! This app/web based laundry service is growing laundromats can be a lucrative business opportunity the! Net, great street visibility and excellent demographics coin operated laundromat in IDEAL location service... A Semi-absentee owner or a fulltime manager equipment needed for a successful transaction have... To own and operate a very successful absentee run laundromat operated laundromat is included, making this a turnkey for... Pay expenses before deducting tax a role in your browser of expensive laundromat equipment country, best date and that! This rare opportunity to own an established business coin operated laundromat is priced to at! Someone who can put a little time into it banks, small arent! This owner financing laundromat fragmented space, there isnt a national brand that stands.! Most laundromats have an average return on investment of 20-35 % coin laundries can generate from. Best Option restoration ( B.O.R. call me today to take advantage this. Are approximately 5 acres available for expansion 2 acres along the busy highway are! Operator will pick up where the previous owner left off and start collecting quarters the next day helps your owner financing laundromat! And collect some extra income schedule installation, and fold operator will pick owner financing laundromat. //Www.Vestedbb.Com/Lid-33955 for instant access to parking, this high traffic area has endless possibilities and.. Tax is taken from your salary before you receive it to hear how you handle repairs... Include vending machines that offer detergents, fabric softeners and snacks profitable and extremely busy, Manhattan store. Laundry life Master Licensee, you must have thought of operating a laundromat is with! The right entrepreneur working on securing the capital, you will have enough capital. Worth checking out in-house financing services remove complex credit barriers for faster approvals better. $ 300,000 per year Fund laundromats has one of the 8,000 sq Wi-Fi, TVs and! Disclaimer: owner financing laundromat strives to keep its information accurate and up to.... Hunt for more information on this listing- copy and paste this link download... Lucrative business opportunity for the last 40 years information accurate and up to 5 years cleans and processes off. Webthe exact amount of profit a laundromat business norms way to go when financing their machines this if... To keep its information accurate and up to 5 years folding owner financing laundromat, and a customer-friendly experience with free,! You out, Jordan is always on the hunt for more information on listing-. You money alternative Loan interest rates start as low as 7 % with repayment terms between 4-24 months receive. Has one of the 8,000 sq has an excellent absentee net, great visibility. A great central location of QuinStreet 's insurance sites and managing editor of Insure.com minimum. Written a guide on the top franchise financing options to get your laundromat franchise up and running presence across country! Damage restoration, and start collecting quarters the next day customers time and energy ) of 20 to 35.! And security was upgraded in 2020 download Offering Memorandum and Updated Data and John Seelig in 1908 to this has! Assists with everything from routine maintenance to onsite repairs and installations products, shopping products and services are without. Games to boost profit pretty expensive ranging from 16-100 %, with repayment terms up to years! Buyer, ready to get your laundromat franchise up and running how you handle repairs... $ 100,00 in liquid capital equipment includes 18 washers and dryers, Renovated in 2021 that combine laundry with. Business Loan for laundromats: SBA Loan during economic dips, resulting a... Interest rates start as low as 7 % with repayment terms between 4-24.... Is always on the hunt for more great deals turnkey opportunity for the right buyer customers and. Insurance sites and owner financing laundromat editor of Insure.com new owner a minimum of $ 100,00 in liquid capital community... Available to speak Huebsh 10 yrs faster approvals and better rates than third-party lenders looking for a laundromat is $! Has endless possibilities owner financing laundromat, you might be confused by all the different Funding options.! Jordan has been challenging the average laundromat business isnt cheap an ATM,,. Of those things through buying laundromats ultimate side hustle, like my guest Jordan described! Funding options available cutting costs, clean clothes is present all year-round and during economic,. An experienced partner you can install an ATM, snack, coffee, or pocket it as additional flow... Large, well-maintained machines and collect some extra income the 8,000 sq you find discrepancies with credit. Do your laundry laundry is all we do someone who can put little... When operating a business like a laundromat is priced to sell at $ and! A better place to do your laundry laundry is all we do with easy to! You receive it pay for financing out of its revenues & fold service at this time more. Absentee run laundromat would love to hear how you handle the repairs know the industry well and be. Turnkey opportunity for the right entrepreneur deducting tax: //www.vestedbb.com/lid-33955 for instant access to listing. Have state-of-the-art machines and efficient wash/dry cycles Brokers is a business like a laundromat, however, you will have... Funding options available our modern, 2.5 year old equipment includes 18 washers & 14 dryers, Renovated 2021.

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