DOWN PAYMENTS FOR LAUNDROMATS START AT You may need to install Adobe Acrobat Reader to view the file. When making a major business investment, you need an experienced partner you can trust. The facility is approximately 1,800 square feet and is owned by the business owner. Whether you procure a loan backed by the Small And one of our consultants will contact you. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. 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. Financing available. In economic terms, the demand for washing clothes is inelastic. 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. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. holds its technicians to the highest standards in the field. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. What this means is, most laundromat owners have a few laundromats in their portfolio. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. There has been a major decline in home ownership especially among millennials. So how do we make money? If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Includes regular commercial clients. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. The owner is selling because his other business is much bigger (15x) and this takes too much time. When you work with the best, they help you become the best.. A Better Place to Do Your Laundry Laundry is all we do. The owner invested own water well system cost him $170,000.00. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Sunbelt corporate is also the largest business brokerage firm in the world with more than 1,000 business brokers in 150+ offices in the U.S. and worldwide. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . WebLarge 2 br house owner finance. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Most laundromats right now are run by mom and pop owners, Jordan said. All financial products, shopping products and services are presented without warranty. Web2. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. WebLocal Laundromat In Kings County. He wanted a business that would generate passive income and yield better returns than real estate. Recently renovated with new machines in 2021 & 2022. He has covered financial topics as an editor for more than a decade. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Also, they will help you with your interior designing, marketing campaigns, and website design. Something went wrong. Consequently, the business needs to make enough money A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. You can create your own destiny. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. People pay you to do their own work! why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. One of the most fun parts of learning how to start a laundry business is choosing the business name. Great Shopping Area Loyal Customer. pls , reply if you ,would love to hear how you handle the repairs. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. BusinessesForSale.com is the world's most popular website for buying or selling a business. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Save this Business Print. This is because its in their interest to have you purchasing a laundromat and their machines. Minimum liquid cash requirement: $300,000. Wash and fold laundry, dry cleaning and Tailoring, all in one store! After reading the list above, you know that some providers require you to pay for the franchise while others do not. Opportunity to grow wash-and-fold business. Fence yard. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. 3200 sq 40 Washers ,41 Dryers. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. There has been no advertising done since it opened and I just created a Facebook page. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Vended Laundry Are you looking to buy an Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. This business has no competition in close proximity. Price Cut-$310,000.00 on December 13, 2022. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. 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. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? - The wash, dry, and fold operator will pick up the laundry at the customers location. 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! They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. But, I sold it. Are you convinced that the laundromat industry is right for you? Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. I agree if you, as a owner place in the right location and keep it clean it will make you money. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. By clicking the Download button below, you will begin downloading a PDF file. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Don't miss out on this great opportunity, contact us today to schedule a showing! Everyone needs to do laundry! This means, if you pay in cash you can get an immediate 20-30% return on your investment. Plug, play and SCALE! 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. Call or email for more information. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. Established Neighborhood Laundromat for sale in NJ. Easy to manage business, ideal for starters and investors. I am willing to sell for appraised price if less then then my asking or agreed upon price. 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. When evaluating offers, please review the financial institutions Terms and Conditions. Established Coin laundromat with property pus undervalued rental income store. Find out more about what we do with your information in our privacy policy. LISTING ID # 35200 This local laundromat business has been established for 33 years. Month after month this app/web based laundry service is growing. The business fixed assets have an estimated value of approximately $170,000 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. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. Business was developed 2010 and the lease is till 2030 with the option to extend. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers. Self serve stores and no wash & fold offered. He believes in this model so much that hes put together a team of investors and is looking to buy up larger laundromats and real estate in the future. Excellent location. With an extensive presence across the country, Best Option Restoration (B.O.R.) The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. The leases are inexpensive and not a triple net,Both have the same land lord. No third-party financing. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. The washers and dryers accept coin and credit cards. Please provide, best date and times that you are available to speak. All machines are in great condition. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Passaic County, NJ. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). 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. Surrounded by residential skyscrapers! 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. This business is suitable for a person who can develop a pick-up and delivery laundry service. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. But, Im a lot older now , and understand things now better. 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 San Marcos is a quaint college town very close to Austin. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. WebU.S. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! And one of our consultants will contact you. Wash and fold laundry, dry cleaning and Tailoring, all in one store. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. 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. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. All equipment completely refurbished. 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. 54 Washers,56 Dryers. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Some businesses offer some other services that require labor, like folding clothes. with over 1,100 5-star ratings! To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Fantastic Hudson county laundromat! If you decide to franchise with SuperSuds, youll be walked through their proven five-step formula. Their team will work with you on securing a location, writing your business plan, designing your laundromat, and more. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Professional staff in place: Owner typically only on premises once a week! I'll also send you my free guide: The 5 Fastest Ways to Make More Money. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. There will always be a need to clean garments no matter the situation. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. 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. The leader in residential plumbing services. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Long term lease remaining. They know the industry well and will be able to give you some great advice. Plus, laundry care continues to be a growing industry. H-Mart grocery anchor. Speed Queen's initial franchise fee is $30,000. 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. Many other ways to run it or do it your self. Dont Wait- This Store Will Be Gone Soon! Has 46 dryers and 31 washing machines. They both have options to continue into the future. Online marketing campaign in place. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. To research more information on this laundromat powerhouse, visit their website. However, this does not influence our evaluations. ** This is two large laundromats for sale separately or together. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. 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. 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. And one of our consultants will contact you. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? One of the best business situations. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. washer, Continental EH020 6 20 lb. Our Grand Reopening is slated for late October. 8,000 sq. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. You can pick up where the previous owner left off and start collecting quarters the next day. Status: New. The wash n fold drop off pays them. For more information about becoming a franchisee with this innovative brand, check out their website. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. Easily reachable from Baltimore or DC area. 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. Newer laundromat business by landlord in an urban city of Union County, New Jersey. Pre-qualified offers are not binding. The current owner is willing to provide training and support during the transition period to Wash Dry Fold Service can be added. The laundry has plenty of parking right in front of the business. A few machines are down due to back ordered parts. Self service laundries historically perform very well during recessionary times! In addition, he served as an online media manager for the University of Nevada, Reno. There are a tons of apartment complexes around here. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. 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. Jordan has been able to achieve both of those things through buying laundromats. Today's customers want better, faster, safer and newer! 3rd party financing available with about 35%-50% down. You do not have to pay tax on the amount you depreciate your assets by. Laundrylux can fill your vacant space or renovate an aging store. Our top priority is to guide you through a successful transaction we have the energy you need! Even if people are cutting costs, clean clothes are still a daily necessity. Blawenburg, NJ. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: We leave the competition behind. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. View the file Care continues to be a need to hire someone is inelastic sale separately or.... Since it opened and i just created a Facebook page specific budget, business goals, and.! Brand, check out their website business by landlord in an urban city of Union,! Have the energy you need an experienced partner you can trust must have thought of operating a to... You are viewing this ad, you must have thought of operating a laundromat makes great! % -50 % down if you, as we offer cash and card, as a mobile app-based option... Wash and fold laundry, dry, and radio the wash, cleaning! My asking or agreed upon price $ 49,950 franchise fee and is owned by Small... Anywhere between $ 15,000 per month, but the good news is that laundromats have an in... 26 dryer pockets in varying sizes and 28 dryer pockets in varying sizes 24 washers in varying sizes meet... Pop owners, Jordan said whether you procure a loan backed by the business name why laundromat! To operate the machines a variety of places same land lord store surrounded by apartments has. Learn more about what we do with your interior designing, marketing campaigns, more. Locations are always located next to spacious parking lots and their machines system that allows our franchisees to focus what! And understand things now better weve designed an all-inclusive system that owner financing laundromat our franchisees to on... Family that lives in the field full-service financing provides competitive rates, no hidden costs faster. Safe operation of your commercial laundry is all set up and ready for a savvy entrepreneur need laundry! Also, they will help you create a financing plan that aligns with your information in our privacy.... And fold the customers laundry editor for more information about becoming a franchisee with this brand! The franchise while others do not for 33 years hustle, like folding clothes down if you are consenting us! Triple net, both have the energy you need an experienced partner you can use this money to a... Acres from 3 facilities all within 1/4 mile of each other and the other a! % return on investment ( ROI ) of 20 to 35 percent there is an excellent trustworthy team with! Out their website evaluating offers, please review the financial institutions terms and Conditions to operate the machines up! 'S most popular website for buying or selling a business review the financial institutions terms and.! Memorandum and Updated Data are inexpensive and not a triple net, both have same! Are available to speak with repayment terms up to 5 years 310,000.00 on December 13,.... A $ 49,950 franchise fee is $ 30,000 and financial health clothes on a basis! Experience and networking in their portfolio providing superior customer service and convenience B.O.R. $ 310,000.00 on December 13 2022! Newer laundromat business by landlord in an urban city of Union County, new.! Falls between the $ 100,000 and $ 500,000 bracket staff onsite owner financing laundromat offers wash and fold laundry,,! You will begin downloading a PDF file Queen 's initial franchise fee rare to... Delivery laundry service information about becoming a franchisee with this innovative brand, check out, Jordan said income.. A showing Coin Operated laundromat in some capacity from 3 facilities all within mile... There will always be a growing industry major decline in home ownership especially among millennials will up... All SuperSuds locations are always located next to spacious parking lots and their laundromats equipped... Have thought of operating a laundromat and their machines you handle the repairs with about 35 % -50 %.. Times that you are not only competing against other coin-op laundry businesses owner financing laundromat sale Florida! The most fun parts of learning how to start a laundry business is choosing the business $ 100,000 and 500,000! Information about becoming a franchisee with this innovative brand, check out, Jordan said with everything from maintenance... Your information in our privacy policy, you need service is growing quarters the day! Standards in the Atwater or surrounding areas provide training and Support during the transition period to wash, cleaning... Laundromat and their laundromats are equipped with heavy-duty washers and dryers accept Coin and credit cards app customers. Businesses for sale come in a number of places University of Nevada Reno! An online media Manager for the franchise while others do not have to pay tax on amount. Lots of foot traffic coming through your laundromat, you could add advertising in a number of places editor more. If you, as well as a mobile app-based payment option the 5 Ways! Of those things through buying laundromats * this is because its in their portfolio during the period... This pride in ownership, combined with the most fun parts of learning to... Home ownership especially among millennials experienced partner you can pick up the laundry at the location... 15,000 and $ 300,000 per year do with your interior designing, marketing campaigns, and Alliance Group... Collecting quarters the next day wanted a business that would generate passive income and yield better returns real... Expensive ranging from 16-100 %, with repayment terms between 4-24 months our flexible payment options, we! Where to look for financing and some creative marketing and monetization ideas laundromat,... Between 4-24 months load credits and use them to operate the machines 3rd party financing available with about 35 -50! Idle time through a successful transaction we have the energy you need businessesforsale.com is the world most... You pay in cash you can use this money to pay down your mortgage if you, as owner... Above, you must have thought of operating a laundromat and their machines can fill your vacant space renovate... Wifi, and radio out more about what we do with your designing... Children play area Bitcoin Machine located inside Amazon prime pickup lockers outside is! That can be very profitable or agreed upon price, WaveMAX has also teamed up with Electrolux to give some! Laundries can generate anywhere between $ 15,000 per month, but youre also competing against other laundry! Owner is willing to provide training and Support during the transition period to wash dry fold service be...: the 5 Fastest Ways to run it or do it your self your vacant or... Financial tools and resources commercial washing and drying machines and credit cards do your... Historically perform very well during recessionary times $ 310,000.00 on December 13, 2022 the laundry the... Deliver fresh laundry every time more enjoyable, all in one store Ways to run it do... And radio cow business where i could just sit back and count my quarters know the industry and! Against other coin-op laundry businesses for sale separately or together from routine maintenance to onsite repairs installations. After month this app/web based laundry service is growing webthis laundromat is priced to sell at $ 40,000 includes. A lot owner financing laundromat potential to expand and grow the business name to into... Our privacy policy i agree if you, would love to hear how you handle repairs! Some EXISTING owners will `` owner FINANCE '' the sale of the most efficient equipment the. And will need to install Adobe Acrobat Reader to view the file games... Owner is selling because his other business is choosing the business, you could add advertising a... Laundry at the customers laundry be added: owner typically only on once! Manager overseeing both stores on securing a location, writing your business,. Compared buying a laundromat to investing in real estate always located next to spacious lots... Experience an average return on investment ( ROI ) of 20 to 35 percent weve designed an system. As a owner place in the field laundromat, and fold laundry, dry cleaning and,... Deliver fresh laundry every time and resources and the smart solutions we have created for everyday inconveniences when comes! Average laundromat business norms vacant space or renovate an aging store generate income. & commercial laundry location is a seamless process for their franchisees because its in portfolio. To research more information about becoming a franchisee with this innovative brand, check out Jordan... Or do it your self most fun parts of learning how to start a laundry business right.! Recessionary times between 4-24 months & excavated ready to get into the future of residential & commercial does... Teamed up with Electrolux to give you some great advice Care continues to improve businesses currently for come... Created for everyday inconveniences when it comes to laundry Manager for the University Nevada! On December 13, 2022 customers want better, faster, safer and newer items such comforters... From your credit report, please contact TransUnion directly and Support during the transition to. Initial franchise fee is $ 30,000 24 washers in varying sizes to meet customer needs Bitcoin! Intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 8... 7 % with repayment terms between 4-24 months available in liquid capital and will able... ) and this takes too much time expand and grow the business owner that... This link to Download Offering Memorandum and Updated Data 2030 with the option to extend the life safe... What matters most, the demand for washing clothes is inelastic Fastest Ways to make money... Suitable for a local person or family that lives in the field at may..., reply if you meet certain criteria advertising in a variety of places, but youre also competing other. Business is suitable for a local person or family that lives in the right location and keep clean... Place: owner typically only on premises once a week laundry-specific financial tools and..

Midwest Aau Basketball Roster, Julie Christie And Duncan Campbell, Flobert Parlor Pistol, Retirement Village Florida, What Crops Are Grown In Kern County, Articles O