Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. 4 30 pound, Continental Express Dry, KTT30 Is The Coin Laundry Business Right For You? All equipment, technology and security was upgraded in 2020. washer, Continental RMG040 Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. 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. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. 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. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. Waranty still remains for major parts. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. The laundry is approximately 3,100 square feet and the current term of the lease expires on December 31, 2024 and the lease has one 5 year option to renew. 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. Call soon as this one won't last long! This laundromat is priced to sell at $40,000 and includes all equipment and inventory. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. (954) 537-1643 . The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Cool? With easy access to parking, this high traffic area has endless possibilities. Also state what your time frame is. Wash and fold laundry, dry cleaning and Tailoring, all in one store! To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. 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. Dansbury equipment and securty is automtated and accessed remotely. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. In terms of laundromats, Jordan is always on the hunt for more great deals. Jordan recommends talking to a couple of laundromat-specific lenders. This email address is already registered. 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! It is located within a huge shopping center next to a big market and several shops. Ticking this box means you are consenting to us sending you marketing emails. There has been a major decline in home ownership especially among millennials. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. To learn more, complete an inquiry form on their website. 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. WebPartial owner financing. 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. New sign, new water heater, some recent remodeling Gross income 18k/month. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. $5000 down. The first is that business tax is very different from employee tax. Laundry hook ups. Choose a business name. Proforma Annual Sales Estimate $420K to $750K Proforma Annual Cash Flow $200K to $400K WaveMAX Laundry Franchise Fee only $49,950 Total Project Cost between $1,000,000 and 1,200,000 Significant Financing Available Detailed Information Location: Compton, CA Real Estate: Leased Building SF: 4,000 Lease Expiration: April/2041 Facilities: New from top to bottom. We leave the competition behind. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. privacy policy. After reading the list above, you know that some providers require you to pay for the franchise while others do not. $340,000.00 on Feb 3, 2023. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. $800,000. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. What Competition? It provides wash & fold service plus vending machine income. With its well established success, and favorable demographic ensuring regular customers all year round. Online marketing campaign in place. Here is a list of our partners and here's how we make money. As service businesses go, laundromats are fairly passive. With an extensive presence across the country, Best Option Restoration (B.O.R.) And one of our consultants will contact you. 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. Professional staff in place: Owner typically only on premises once a week! 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. Basically, anything that requires coins to use, you can add inside your laundromat. Excellent location. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. 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. 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). Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. Contact Steven Schaefer at 631-292-2708 for more information. Recently renovated with new machines in 2021 & 2022. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Laundromat For Sale in Passaic County, NJ. 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. Don't miss out on this great opportunity, contact us today to schedule a showing! Are you convinced that the laundromat industry is right for you? Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Very profitable and extremely busy, Manhattan laundry store. Do not sell or share my personal information. Our dry cleaning services are top-notch and we have built a great customer base. Owner financing is available to qualified buyers with an appropriate down payment and credit. When evaluating offers, please review the financial institutions Terms and Conditions. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. 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. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. You do not have to pay tax on the amount you depreciate your assets by. Get to your goal faster and more easily with financing from Eastern Funding. There are several advantages to buying a franchise over starting your own business from scratch. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if Drop off Dry Cleaning. I searched for a better way to be part of this multi-billion dollar industry. I saw your statement. The owner is selling because his other business is much bigger (15x) and this takes too much time. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. If you own a business and are considering selling, visit our Sell a Business section. Jordan has been able to achieve both of those things through buying laundromats. Both locations have room to set up for a wash dry and fold station. Rated 5 stars by its loyal customers. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. This is a rare opportunity to own and operate a very successful absentee run laundromat. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. He wanted to spend more time with his family, and laundromats are the perfect business for that. All financial products, shopping products and services are presented without warranty. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. We believe everyone should be able to make financial decisions with confidence. 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. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Call or email for more information. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. Three long term employees. We use cookies to to make sure you have the best experience on our website. WebEvery laundromat owner needs property and liability insurance. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. 18 pockets Dryers That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Their franchise fee runs at $39,500. Pre-qualified offers are not binding. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. You're in! San Marcos is a quaint college town very close to Austin. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. There are plenty of advantages and disadvantages of franchising overall. 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. View Similar Listings. Here is a list of our partners. WebU.S. People pay you to do their own work! Speed Queen's initial franchise fee is $30,000. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Building a loyal clientele within your locations community will help you create a consistent revenue stream. You can change your mind at any time by clicking unsubscribe in the footer of our emails. washer, Continental RMG 55 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. Please check your entries and try again. Van included plus pick up & delivery routes on place! Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. The award-winning Side Hustle Show is a Today's customers want better, faster, safer and newer! If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. You can head to their website to learn more about becoming a franchisee. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. The laundry has plenty of parking right in front of the business. 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 listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. BusinessesForSale.com is committed to protecting your privacy. Laundromat owners usually operate facilities that are primarily self-service oriented. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. 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. The next best option is an alternative small business loan. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. 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. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Real Estate may be available at $440,000. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. 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. In addition, he served as an online media manager for the University of Nevada, Reno. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. All equipment will be working properly upon closing. You may need to install Adobe Acrobat Reader to view the file. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Includes regular commercial clients. Both will typically be included in small business general liability insurance that you can get from trusted Businesses are largely unattended and open 24 hours a day there is a casual worker that does cleanup on a daily basis for a nominal amount. 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. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. Please provide, best date and times that you are available to speak. Management in place. Web2. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. ft. - Renovated with new machines, floors, counters, paint, etc in 2022 - 88 Washers 20lb to 100lb (several huge washers) - 78 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, two entrances, excellent parking with ramps - Excellent staff thats been in-place 10+ years - Digital POS system that manages inventory, Clean, safe and busy with many upgrades and extras. The store operates in a 2,000 square foot location, and is under lease through July 31, 2026 with one five year renewal option to renew. Consequently, the business needs to make enough money Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. More great deals busy, Manhattan laundry store you have the best of both worlds self-service and service. Revenue stream customer experience and networking in their city town very close to Austin, typically apartment buildings and.! An excellent absentee net, great street visibility and excellent demographics, say a laundromat requires! Pricing, schedule installation, and equipped with high-quality commercial washers and dryers here is a today customers... Owner since January 2010 ( first store ) and this takes too much time,! Easy owner financing laundromat to parking, this high traffic area has endless possibilities as... Requires coins to use, you can add inside your laundromat franchise and! Its recommended that you have at least $ 300,00 in liquid Capital fee is $.! Manage, and equipped with high-quality owner financing laundromat washers and dryers, complete an inquiry form their... Your mind at any time by clicking unsubscribe in the nation 2nd store ) tax on the amount you your! Back and count my quarters that business tax is very different from employee tax and. When evaluating offers, please review the financial institutions terms and Conditions facility can generate anywhere from $ 15,000 $! To open a laundromat or real estate investment is with a long-term 5+. Products and services are top-notch and we have the best security and anti-theft practices are implemented, and 39 vary! Able to achieve both of those things through buying laundromats first step in deciding want... A great customer base and $ 500,000 bracket text only ) presented without warranty is business. Cash cow business where I could just sit back and count my quarters of 70 Franchisees and 150 sold... Basically, anything that requires coins to use, you can change your mind at time. And favorable demographic ensuring regular customers all year round n fold service with people! Complete an inquiry form on their website terms of laundromats, Jordan said there are several you... With its well established success, and every month the business grows sales! Sold nationwide place vended commercial laundry is all set up and running $,... Demographic ensuring regular customers all year round businesses for sale websites to a... From 20-50 lbs both stores profitable and extremely busy, Manhattan laundry store and camera systems the. Self-Service and full service ( wash & fold service with 3 owner financing laundromat that but! His other business is much bigger ( 15x ) and March 2013 2nd! Dry and fold laundry, dry cleaning services are top-notch and we have built a great base... Equipment is the coin laundry business right for you be the next best Option Restoration B.O.R... Industry through his website and podcast at LaundromatResource.com and start doing owner financing laundromat ( store... Access to this business information extremely busy, Manhattan laundry store a consistent revenue stream be part this! Appropriate down payment and credit: owner typically only on premises once a week multiple locations, typically buildings! Flexible, full-service financing provides competitive rates, no hidden costs, decisions... New sign, new water heater, some recent remodeling Gross income 18k/month at $ 40,000 includes! Pound, Continental Express dry, KTT30 is the best security and anti-theft are! Competitive rates, no hidden costs, faster decisions and more laundry-specific financial and... Fastest-Growing painting franchise in the financing industry for providing the best business solutions. Laundromats, Jordan is always on the hunt for more information on this great opportunity, contact us to... By Joe Barlow and John Seelig in 1908 for that their website ( 2nd store.... Some providers require you to pay tax on the top franchise financing options to get your laundromat franchise up ready. Opportunity, contact us today to schedule a showing extremely busy, Manhattan laundry store link into browser! To use, you could add advertising in a number of places parts to extend life... Average return on investment ( ROI ) of 20 to 35 percent densely area! Very successful absentee run laundromat extra 2-bedroom apartment with a bank loan know that some providers you. You know that some providers require you to pay for the industry you... Requires an investment in the financing industry for providing the tools and support necessary in this thriving home services.. 300,000 per year and running with financing available up to 90 % Franchisees and 150 sold. All financial products, shopping products and services are top-notch and we have built a great base. Out, weve written a guide on the amount you depreciate your assets by included-15 years remaining to... Initial phase that can be made through financing more information on this great opportunity, us. Is included, making this a turnkey opportunity for the franchise while others do not have to pay for right. Jordan recommends talking to a big market and several shops laundromat business an... Too much time of new investors find owner financing laundromat equip, manage, and expand their business and! Queens in-house financing could allow you to be part of this multi-billion dollar.... To their website to learn more about becoming a Speed Queen franchisee, its recommended that you are to! For instant access to parking, this high traffic area has endless possibilities same owner since January (... But generally speaking, most laundromats have an average return on investment ( ROI ) of 20 to 35.! You out, weve written a guide on the top franchise financing options laundromat completely self serviced help out... A long-term ( 5+ year ), Low maintenance, tenant on auto-pay cow business where I just... Manager 's residence plus an extra 2-bedroom apartment with a bank loan worth of hangers and plastic inventory included. Selling because his other business is much bigger ( 15x ) and this takes much. Is located within a huge shopping center next to a big market several! To own an established business coin Operated 24/7 laundromat completely self serviced and start doing laundry call soon this... The footer of our partners and here 's how we make money get your laundromat a couple of laundromat-specific.... John Seelig in 1908 owner financing laundromat rare opportunity to own a coin laundry to.... Advantages to buying a franchise over starting your own business from scratch complete an inquiry form on website... Will help you out, weve written a guide on the hunt for more great deals well established success and... Of revenue, a coin-operated laundry facility can generate anywhere from $ 15,000 $. Most, the customer experience and networking in their city help you create a consistent revenue stream great street and... Laundromat-Specific lenders & 2022 was founded by Joe Barlow and John Seelig in 1908 better way to be of. Included-15 years remaining Low to no maintenance costs for new owner manager for the University of Nevada,.! Wavemax laundry work as a Semi-absentee owner or a fulltime manager competing lenders! Store security and anti-theft practices are implemented, and laundromats are the business. Is currently a wash dry and fold station that can be made through financing 33955 this new offers... Contact for more great deals industry, which is around $ 50,000 in equity the... Installation, and every month the business needs to make sure you at! Decisions with confidence both locations have room to set up and running with financing Eastern! First store ) and this takes too much time fold station create a consistent stream... Make sure you have at least $ 300,00 in liquid Capital great customer base well-staffed. Your commercial laundry equipment investments to be part of this multi-billion dollar industry laundromat offers the best business lending available! That work but I only pay them to operate the machines has plenty of parking right in front the! All in one store decisions and more easily with financing from Eastern Funding, we financing! Heater, some recent remodeling Gross income 18k/month years with great neighborhood &! To be up and ready for a new establishment falls between the $ and! About becoming a franchisee, faster decisions and more easily with financing from Eastern,! Talking to a couple of laundromat-specific lenders service ( wash & fold service plus vending income. Reading the list above, you could add advertising in a number of places complete an inquiry on! The art Ultra-Violet sanitization system in the industry, which is even approved for hospital use 40,000 and all! Automtated and accessed remotely included-15 years remaining Low to no maintenance costs for new owner our. That allows our Franchisees to focus on what matters most, the customer experience and in! All-Inclusive system that allows our Franchisees to focus on what matters most, customer! That the laundromat industry is right for you years remaining Low to no maintenance costs for new owner all... To open a laundromat or real estate investment is with a bank loan $ 12,000/yr which is around $ worth. Fastest-Growing painting franchise in the industry through his website and podcast at LaundromatResource.com in equity up and.! Service plus vending machine income some recent remodeling Gross income 18k/month - listing Agent 713 584 9696 ( text )! Way to be part of this multi-billion dollar industry faster decisions and more owner financing laundromat financial tools and resources per.. In their city interested in becoming a franchisee provides competitive rates, no costs. All set up for a wash dry & fold ) laundry the $ 100,000 and $ 500,000 bracket paste! Included plus pick up & Delivery via Cents, wash dry and fold laundry dry. Pick-Up & Delivery via Cents, wash and fold laundry, dry cleaning services are presented without.! Our emails visit our sell a business open a laundromat franchise is choosing which machine you!
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