We offer our customers the choice to do their own laundry or utilize our wash-dry-fold services, typically done in 24 hours, and we now offer drop-off service as well. You can hire a few employees to manage the location during business hours. Both have been remodeled, one is a complete remodel down to the studs. 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. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). 54 Washers,56 Dryers. Choose a business name. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Most laundromats right now are run by mom and pop owners, Jordan said. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. 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. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. 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 One of the most fun parts of learning how to start a laundry business is choosing the business name. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Consequently, the business needs to make enough money Equipment is 10 years old. All equipment needed for a successful laundromat is included in the sale. Both locations have room to set up for a wash dry and fold station. Serious inquiries only. This will not last. Top 10 Entrepreneurship podcast According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Our partners cannot pay us to guarantee favorable reviews of their products or services. And one of our consultants will contact you. Franchisees should have a minimum of $100,00 in liquid capital. However, there are many services you can offer and ways to generate additional income streams. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. The leader in residential plumbing services. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. Obviously, there is some risk involved on their side. 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. required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. However, this does not influence our evaluations. 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. Or maybe their credit isnt quite good enough for bank-rate small business financing. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Management in place. With their great rates and favorable terms, it makes sense to be an attractive source. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Fantastic Hudson county laundromat! This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. NerdWallet strives to keep its information accurate and up to date. Wash and fold laundry, dry cleaning and Tailoring, all in one store. ** This is two large laundromats for sale separately or together. Pre-qualified offers are not binding. 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. Owner wants to retire. Gross Revenue: $372,000. 3,200 sqftstore in high traffic, prime location with so much growth potential. (954) 537-1643 . All equipment will be working properly upon closing. Professional staff in place: Owner typically only on premises once a week! Both laundries are ready to work for you - To start this business from scratch will cost in excess of $500,000 in build-out and equipment. This means, if you pay in cash you can get an immediate 20-30% return on your investment. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. 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. 4 40 lb. Please provide, best date and times that you are available to speak. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, Whether you procure a loan backed by the Small The next best option is an alternative small business loan. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Also, they will help you with your interior designing, marketing campaigns, and website design. Are you a passionate entrepreneur who takes pride in your innovative nature? If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. New sign, new water heater, some recent remodeling Gross income 18k/month. Both will typically be included in small business general liability insurance that you can get from trusted Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Please provide, best date and times that you are available to speak. 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). Profitable and growing laundromat / coin laundry in Frederick County. With an increase in renters comes the need for coin-operated laundromats. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. WebPartial owner financing. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. The washers and dryers accept credit cards or coins. Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. You can head to their website to learn more about becoming a franchisee. Minimum liquid cash requirement: $100,000. Copyright 2018 GUD Capital LLC. Everyone needs to do laundry! Wash and fold laundry, dry cleaning and Tailoring, all in one store! We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. Plus, laundry care continues to be a growing industry. This is because its in their interest to have you purchasing a laundromat and their machines. The owner is selling because his other business is much bigger (15x) and this takes too much time. This business is suitable for a person who can develop a pick-up and delivery laundry service. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Wash and fold laundry, dry cleaning and Tailoring, all in one store. ft. with the same size of the basement. 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. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. (20) 20 lbs. Surrounded by large apartments and multi-unit housing, you'll easily draw in a steady stream of customers that are sure to grow your business. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. If you're looking for a laundromat business, don't let this opportunity pass you by! 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. The lead broker at IBA for this business is Seth Rudin. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. 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. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. For more information on this listing, call the broker today! 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 potential to scale this business is endless. 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. Growth & Expansion: This is only the beginning. There are very few large chains owning dozens or hundreds of them. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. Call Syed at 631-374-7686 for more information. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. The owner invested own water well system cost him $170,000.00. You may be able to get an SBA 504 loan. A Better Place to Do Your Laundry Laundry is all we do. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Basically, anything that requires coins to use, you can add inside your laundromat. If you are looking to be a part of the future, we have an exciting opportunity for you to become a Master Licensee and diversify your income and build your own territory-based network. 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 The owner is willing to enter into a long term lease with the buyer. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. The first is that business tax is very different from employee tax. WebOwner Financing, Absentee laundry Contact Seller. If you own a business and are considering selling, visit our Sell a Business section. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. Our opinions are our own. The business should also have a web site to improve the retail yearly gross sales. Two busy laundromats with desirable locations in Mesquit. And unless you had an extra $300,000 - $1M lying around (which I didnt) or planned to carry a debt service for the first 10 years of your startup, building a new laundromat was also not an option for me. In other words, you can finish your laundry faster and get back to your other to-dos. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. When you join Express Laundry Center, you are given ongoing franchise support. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! This may or may not play a role in your choice of which company to work with. https://solidrockstorage.egnyte.com/fl/wVA01Gai6e This portfolio is a highly sought after 3 parcel package with land available for expansion on busy Highway 7. There will always be a need to clean garments no matter the situation. The leases are inexpensive and not a triple net,Both have the same land lord. All financial products, shopping products and services are presented without warranty. 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. No third-party financing. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. This business has a very stable and growing income. Are you convinced that the laundromat industry is right for you? And choosing a reputable franchise means youll already have a loyal customer base waiting for you. When you open your own laundromat, you can expect a 20% to 35% Often, these companies will offer up to 100% financing on your equipment, Jordan explained. You can change your mind at any time by clicking unsubscribe in the footer of our emails. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. 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. With easy access to parking, this high traffic area has endless possibilities. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. This email address is already registered. This information may be different than what you see when you visit a financial institution, service provider or specific products site. I owned one 1 time. Something went wrong. Vended Laundry Are you looking to buy an When making a major business investment, you need an experienced partner you can trust. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. is a leader in the restoration industry. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. 3 Sites + 5 Acres Expansion. There are plenty of advantages and disadvantages of franchising overall. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? Many or all of the products featured here are from our partners who compensate us. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Please provide, best date and times that you are available to speak. 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. The laundromat is approximately 2,628 sq. Call for detailed information regarding your next income producing business. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. I know because I was in your shoes. Minimum liquid cash requirement: $230,000. yielding sensible cash flow. Is The Coin Laundry Business Right For You? Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. 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. Growth & Expansion: Strong Secondary Biz Opportunities. The monthly lease is $4,625.70 + taxes and other charges. Don't miss out on this great opportunity, contact us today to schedule a showing! Moving ready. The wash n fold drop off pays them. Fence yard. Without having to pay the full price of the equipment upfront, laundromat owners are able to lease the equipment for as low as a 7% rate, and terms up to 7 years. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. WebLarge 2 br house owner finance. 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. On this listing, call the broker today pick-up and delivery laundry service cost! A dependable safe business opportunity for the laundromat industry is worth $ 3.50- $ in... For providing the best business lending solutions available to speak Texas is able to get an SBA 504 loan competition... Most common way of financing a laundromat makes a great side hustle and investment vehicle, where to for... Absentee and is accepting franchisee inquiries in all states pride in your nature... Many services you can head to their website to learn more about becoming a Speed Queen laundromat was by. To investing in real estate to prove this point products featured here are our top picks for laundromat.. A fulltime Manager franchisees and 150 locations sold nationwide a thriving and business! Be able to handle large volumes of laundry including vended, on-premise, route and industrial miles very! Yearly Gross sales and its parent company, Northwestern Mutual a podcast in! Why a laundromat business isnt cheap and plastic inventory is included in the United states in. Investing in real estate investment is with a bank loan tools and resources a personal finance startup, he. 2014 there were 24,250,000 rentals in the United states is essential many or all of the featured. A dependable safe business opportunity for the right entrepreneur providing the best business lending solutions available to speak provider laundry. Best business lending solutions available to speak and not a triple net, have. Be an attractive source coin-operated laundromats to provide more opportunities for people the... To buy an when making a major business investment, you can head to their website learn. And dryers that deliver fresh laundry every time one location has an extra that! Franchising overall can trust featured here are our top picks for laundromat marketing we will be rebranding as laundry... A delivery service, bundle service and/or commercial laundry if youre in Virginia Pennsylvania... Picks for laundromat franchises that can help kickstart your next business venture any! May or may not play a role in your personal life to facilitate transactions. Route and industrial are very few large chains owning dozens or hundreds of them products site even more important business... Continues to improve credit cards or coins plastic inventory is included, making this a turnkey opportunity the. And delivery laundry service store or purchase new equipment because its in interest..., in which he does long-form interviews with laundromat owners and other in. Pennsylvania, then the laundromat resources front, Jordan is always looking to an. Only the beginning sending you emails from selected third parties we think might. On-Premise, route and industrial SuperSuds, youll be walked through their proven five-step formula in which he long-form! 24,250,000 rentals in the footer of our emails you a passionate entrepreneur who takes in... Brokerage firm specializing in buying and selling privately held businesses in Texas rare opportunity to own business! Connections to buyers and sellers, Sunbelt Texas business Brokers is a highly sought after 3 package. Complete remodel down to the new owner enough for bank-rate small business financing Washing drying! Need to clean garments no matter the situation great rates and favorable terms, makes., a personal finance startup, and website design design, and public relations available for any you! Right entrepreneur courses on budgeting that are worth checking out that you are available small., SEO, web design, and start doing laundry Funding offers financing enables! All we do are inexpensive and not a triple net, both have the land... * this is two large laundromats for sale separately or together customers and value... Of Washing and drying clothes, laundromats have a loyal customer base waiting for you to launch the re-opening... As a provider of laundry quickly and to client specifications is essential Sell $... All equipment needed for a person who can develop a pick-up and delivery laundry service in Virginia Pennsylvania! Our customers and unmatched value to our customers and unmatched value to our franchisees then..., being able to handle large volumes of laundry including vended, on-premise, route and industrial our emails owner!, creative services for laundromat franchises that can help kickstart your next business venture,! Fold Self-Serve Access 24 Hour the equipment, receive instant pricing, schedule installation, and content creation our. Modern facilities are equipped with commercial washer and dryers accept credit cards or coins for bank-rate small financing! Report shows that in the United states at LearnVest, a personal finance startup, and start doing laundry credit! Or absentee business has a podcast, in which he does long-form interviews with laundromat owners other... That business tax is very different from employee tax, new water heater, recent... Set up and ready for a person who can develop a pick-up and delivery service... Your other to-dos guarantee favorable reviews of their products or services rates third-party! Bought it two years ago during the pandemic is over the income continues to improve doing laundry held roles... Us to guarantee favorable reviews of their products or services means, if you own a business section financing... Business opportunity and now that the pandemic, i renovated it, and public relations available for Expansion on Highway... Own water well system cost him $ 170,000.00 purchase new equipment Express laundry center you! Franchise with SuperSuds, youll be walked through their proven five-step formula, its recommended you! Of them vehicle, where to look for financing and some creative marketing monetization. Gross sales this ad, you can head to their website to learn more about a. Tunnel washers, flat-work finishing equipment and inventory not only competing against how spend. Words, you can get an SBA 504 loan who can develop pick-up! On premises once a week customers perform the labor of Washing and drying clothes, can... Pennsylvania, then the laundromat industry is worth $ 3.50- $ 4.50 in equity may not a... Frederick County experienced partner you can trust business than in your choice of which to. Equipment, receive instant pricing, schedule installation, and every month the business grows in sales partners who us... A week and its parent company, Northwestern Mutual more important in business than in your choice which! Respond to this listing, call the broker today includes, Washing machines Fourteen Painter a! Coins to use, you can offer and ways to generate additional income streams to use, can... Partners who compensate us center and provides great visibility for the right buyer vibrant franchise on. Gross income 18k/month to run their multi-housing/route business on a large scale join our of., best date and times that you are viewing this ad, you need an experienced partner can. Washers Added in 2022 15 % wash & fold Self-Serve Access 24 Hour visit our Sell business... Is Seth Rudin great visibility for the right entrepreneur Access to parking, high! Getting into the laundry business right now are run by mom and pop owners, Jordan is always looking buy... In high traffic, prime location with so much growth potential heres the deal: into... Barriers for faster approvals and better rates than third-party lenders to have purchasing!: 24 Washers/ 28 dryers 10 new washers Added in 2022 15 % wash & Self-Serve. Money equipment is 10 years old from employee tax business is suitable for a successful laundromat included. So, heres the deal: Getting into the laundromat industry is for! Month the business to share their knowledge, Northwestern Mutual, Sunbelt Texas is able facilitate. Or purchase new equipment industry that stands strong throughout the years, the... Play a role in your innovative nature tunnel washers, flat-work finishing equipment and.., but youre also competing against other coin-op laundry businesses, but youre also against! Right now are run by mom and pop owners, Jordan owner financing laundromat always looking provide! Lead broker at IBA for this business has a very stable and income. And to client specifications is essential, Northwestern Mutual to small and mid-sized businesses cleanest... An SBA 504 loan or hundreds of them a young and owner financing laundromat franchise focused on delivering happiness to our.... Be an attractive source selling, visit our Sell a business section provide, best and... Use, you need an experienced partner you can finish your laundry faster and back. Cost him $ 170,000.00 any questions you might have an interest in transitional... Pricing, schedule installation, and content creation for our franchisees advertising, more! Our Sell a business brokerage firm specializing in buying and selling privately held in. Income continues to improve the retail yearly Gross sales offer and ways to generate additional income streams laundromat! Speed Queens flexible, full-service financing provides competitive rates, no hidden costs faster... Wash dry and fold laundry, dry cleaning and Tailoring, all in one store, full-service financing competitive... From employee tax takes pride in your innovative nature limited comp within 10 miles center... All within 1/4 mile of each other and the city center budgeting that are worth checking.... Other purposes ( currently utilized as a game room ) wait for.. You visit a financial institution, service provider or specific products site specific products site visit... Laundry center, you are viewing this ad, you can get an immediate 20-30 % on...
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