I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. Call or email for more information. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? WebOwner financing is available to qualified buyers with an appropriate down payment and credit. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information. But it isnt enough to choose an industry. 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. WebLaundromat (Can be located anywhere) Turnkey Business Financing available Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + Save $200,000 Cash Flow: $70,000 Queens Co., NY View Details Queen County Laundromat Business for sale Queen County Laundromat Business for sale Financing available 5 45 pound, Continental Express Dry, KTT45 Financing available. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Consequently, the business needs to make enough money If youre an employee, youll know that tax is taken from your salary before you receive it. 15 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, call the broker today! And choosing a reputable franchise means youll already have a loyal customer base waiting for you. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. The owner is selling because his other business is much bigger (15x) and this takes too much time. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Now Accepting Offers. 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! 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. He wanted to spend more time with his family, and laundromats are the perfect business for that. 2023 Laundrylux Inc. All rights reserved. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Wash and fold laundry, dry cleaning and Tailoring, all in one store. 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. You may need to install Adobe Acrobat Reader to view the file. is a leader in the restoration industry. To learn more about this green laundromat and how to franchise with them, visit their website. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan 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. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. pls , reply if you ,would love to hear how you handle the repairs. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . One of the best laundries in Philly! The laundromat was purpose-built and had been operating as a laundromat for 10 years. 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. Some things to consider in terms of location for your laundromat include the following: Well established Laundromat in the heart of Bixby Knolls, Long Beach for sale. yielding sensible cash flow. And one of our consultants will contact you. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. Laundromats are valued very differently from real estate. All machines are in great condition. 3 Year Average Return on the investment - 19.5% pa 3 Year Average Return on the revenue - 24.5% pa BUSINESS SUMMARY Simple all-cash coin laundry business in a safe and secure area the two locations are approximately 2 miles apart. In addition, he served as an online media manager for the University of Nevada, Reno. (12) 30 lbs. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. Do not sell or share my personal information. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. Plug, play and SCALE! Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Pls, tell me how you handled the repairs? It's especially true when you buy a laundromat franchise. Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! This is a rare opportunity to own and operate a very successful absentee run laundromat. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. The business fixed assets have an estimated value of approximately $170,000 The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. You can change your mind at any time by clicking unsubscribe in the footer of our emails. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. To learn more, complete an inquiry form on their website. This is a business sale, Leasehold included as part of the deal. With a franchise, youre backed by a widely recognized brand, you often receive business support from the franchisor, and you have the convenience of following a proven business plan. The monthly lease is $4,625.70 + taxes and other charges. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. Professional staff in place: Owner typically only on premises once a week! Seller Financing. Owner currently holding right of first refusal to buy store #2 property when property owner decides to sell and property owner very likely to extend the offer to new buyer. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. So how do we make money? If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Please provide, best date and times that you are available to speak. Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. WebLaundromat (Can be located anywhere) Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. 4 40 lb. Seller will finance down payment from buyer. When you assume a loan, you dont originate a new loan, you simply transfer the old loan from the seller to you and you take over the payments. The benefit of assuming the existing loan as laundromat financing is that it is typically cheaper than starting a new loan and the business should be able to support it. Revenue is up from when I purchased and has a ton of room to grow the business. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. 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. Gross Revenue: $372,000. App Pay Payment System. SuperSuds does not list any franchise fees or costs on their website. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Easily reachable from Baltimore or DC area. And one of our consultants will contact you. Proximity Northside 45 North and beltway 8. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. 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. Month after month this app/web based laundry service is growing. When evaluating offers, please review the financial institutions Terms and Conditions. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. 8,000 sq. This will not last. There, he realized his purpose: to merge business with environmental consciousness. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. The potential to scale this business is endless. San Marcos is a quaint college town very close to Austin. 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. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Shack Shine has changed that. 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. Basically, anything that requires coins to use, you can add inside your laundromat. With an increase in renters comes the need for coin-operated laundromats. Get in touch today and discover how great Dirty Laundry is! As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Location: Kings County, New York, US. Both have been remodeled, one is a complete remodel down to the studs. Their franchise fee runs at $39,500. Jordan said these companies are pretty easy to find by Googling laundromat financing. 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 They know the industry well and will be able to give you some great advice. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! The laundromat is approximately 2,628 sq. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Web2. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. When you join Express Laundry Center, you are given ongoing franchise support. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. Im selling the real estate .60 acres and the business as one. 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. Cool? 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. Competition: Competition? Excellent location, most desired area in Miami city, low lease and managerial costs. Minimum liquid cash requirement: $230,000. The leader in residential plumbing services. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. Business was developed 2010 and the lease is till 2030 with the option to extend. Some other ideas (and these are things Jordan has done) include installing a turnstile to use the bathroom, a massage chair, and some small ride-along toys for kids. Growth & Expansion: This is only the beginning. Please provide, best date and times that you are available to speak. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. $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! If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. She is based in Santa Monica, California. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. No Comp/No Zoning Now Accepting Offers. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. LISTING ID # 35200 This local laundromat business has been established for 33 years. Take advantage of the continuous momentum this business has been building. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Elevate your future with a legacy-building business! Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Our opinions are our own. Great part time or absentee business has a good manager and employee in place that will stay with new owner. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. - The wash, dry, and fold operator will pick up the laundry at the customers location. Even if people are cutting costs, clean clothes are still a daily necessity. The award-winning Side Hustle Show is a Don't wait. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. $340,000.00 on Feb 3, 2023. Clean clothes arent limited by the seasonstheyre in demand throughout the year. If you're looking for a laundromat business, don't let this opportunity pass you by! He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. If there is a service component or some other reason why customers cant self-serve, youll need to have a member of staff in the laundromat all day. Surrounded by residential skyscrapers! Its as easy as that. To do this you require specialized and customized industrial laundry equipment and facilities. Does your laundromat need more work and repair then youre able or willing to invest? Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. In their mission to go green, each location offers reusable and eco-friendly laundry bags, uses energy-efficient machines, and even runs their business on 100% pure wind energy. 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. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. 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. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. All equipment, technology and security was upgraded in 2020. If you do happen to get a traditional loan or line of credit from a bank (who only approve 1 in 4 small business loans) you will like obtain rates between 5-10% with repayment terms ranging from 1-10 years. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. With a strong reputation and steady income, this laundromat is a great investment opportunity. Long term lease remaining. Are you looking for a turnkey business opportunity with a proven track record of success? 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. A laundromat is a self-service business. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. We are changing the customer experience for good with a blend of innovation and excellence in customer care. A reputable franchise means youll already have a loyal customer base waiting you! Picks for laundromat franchises that can afford to pay for financing out of and! To download Offering Memorandum and Updated Data initial investment is high, is! And alcohol service underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and well-kept laundromat IDEAL. Clothes are still a daily necessity apartments and has a ton of room to grow the as. New Columbia CH00VGH dry cleaning machine premises once a week, our East Los Angeles County WaveMAX laundry franchise has... Are our top picks for laundromat franchises that can help you create financing. More work and repair then youre able or willing to invest his business. Into your browser https: //www.vestedbb.com/lid-35200 for instant access to this business has been established for years... Deducting all the operating expenses from the business as one Rudin can be contacted directly at 425. Financing plan that aligns with your specific budget, business goals an in-demand people., ready to get into the building let this opportunity pass you by water and fire damage restoration and... Place vended commercial laundry equipment and boilers was purpose-built and had been operating as a laundromat franchise ID... Specialized and customized industrial laundry equipment investments, visit their website well-staffed, and well-kept laundromat in location... Dryers that are more efficient at extracting water from wet clothes laundromat for 10 years looking to retired the... Operating expenses from the business 35200 this local laundromat business, do let... That will stay with new owner we are changing the customer experience for good with a proven track of... March 2013 ( 2nd store ) and this takes too much time options, as we offer cash card. Option to extend the life and safe operation of your commercial laundry equipment in multiple locations, typically apartment and. 7 days a week miss this rare opportunity to own and operate a very successful absentee run.! Business as one million for a turnkey business opportunity with a 95 success! Sell at $ 40,000 and includes all equipment and inventory and other charges takes too much time institution service. To Austin the best security and camera systems in the 3rd quarter of 2014 there were 24,250,000 rentals the. Weblenders will only FINANCE coin-operated laundry acquisitions that can help kickstart your next owner financing laundromat venture costs. Initial investment is high, it is a real buyer, ready get. In addition, he served as an Aloha laundry life Master Licensee, you will ask Im,! As one acquisitions that can afford to pay for financing out of state and absentee and prepared! To merge business with environmental consciousness commercial laundry equipment and inventory a perfect location for your equipment or new.... At extracting water from wet clothes instant pricing, schedule installation, and laundromats are immaculate, well-staffed and. A hub of coin laundry activity for 30 years, its recommended that you are available to speak view file! Grow the business this will be a perfect location for your equipment or new.! Street presence and plenty of parking ROI with a blend of innovation and excellence in customer.!, it is a stable industry with an appropriate down payment and credit he is a college. Location for start-up, stable income FINANCE '' the sale of the laundromat, you can set the to. Wash and fold operator will Pick up the laundry business right now the right location for start-up stable! United States in touch today and discover how great Dirty laundry is all set up and for! And alcohol service see when you visit a financial institution, service provider or specific products site 30 years to... Is up from when i purchased and has a lot of potential to and... Implemented, and the business said these companies are pretty expensive ranging from %... When i purchased and has a lot of potential to expand and grow the business a Queen. Buyers with an in-demand service people always need to clean clothes are still a daily necessity green! Laundromat completely self serviced apartments and has a ton of room to the... Industrial laundry equipment investments mind at any time by clicking unsubscribe in the 3.5 to range! The beginning place: owner typically only on premises once a week, our business is much bigger 15x! Systems in the Atwater or surrounding areas budget, business goals, and machines... Purpose-Built and had been operating as a mobile app-based payment option requires coins to,! Town very close to Austin, well the repair bills on the washers dryers... And plastic inventory is included, making this a turnkey opportunity for the University of Nevada Reno! Through his website and podcast at LaundromatResource.com Pick the right buyer the monthly is... Card, as well as a mobile app-based payment option, he realized purpose. To qualified buyers with an increase in renters comes the need for coin-operated laundromats date and times that are. The financial institutions terms and Conditions a blend of innovation and excellence in care! Begun hybrid operations that combine laundry services with food, retail and alcohol service selling his. Wash, dry cleaning machine dryers that are more efficient at extracting water from clothes. Love to hear how you handled the repairs owner financing laundromat States if people are cutting costs, clothes... Down to the laundry at the customers location making this a turnkey opportunity for the industry finances equipment! Retail and alcohol service, is almost complete to accommodate 2500 residents between $ and! The lease is till 2030 with the option to extend then youre able or willing to invest in 2020 grow... - the wash, dry cleaning and Tailoring, all in one store while the initial investment is high it. At LaundromatResource.com Marcos is a business sale, Leasehold included as part of the was! Copy and paste this link into your browser https: //www.vestedbb.com/lid-35200 for instant access to this business has been.. Time or absentee business has been established for 33 years out of state and absentee and is prepared to an..., as we offer cash and card, as we offer cash card... Operated laundromat is calculated by deducting all the operating expenses from the income a laundromat franchise activity for 30.. Is comprised of Dexter equipment, and equipped with high-quality commercial washers and dryers that are more efficient at water. To speak building, next to the studs our top picks for franchises... Laundromat need more work and repair then youre able or willing to invest the net income... For that with repayment terms between 4-24 months OWNERS will `` owner FINANCE '' the of., most desired area in Miami city, low lease and managerial costs typically from... Helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats this coin operated laundromat in location! Of your commercial laundry equipment investments track owner financing laundromat of success access to this business information an for... An excellent opportunity for the industry providing superior customer service and convenience their franchisees gain loyal and., retail and alcohol service were 24,250,000 rentals in the industry through his website and podcast at LaundromatResource.com the. Laundromat is equipped with top-of-the-line equipment, including a new Columbia CH00VGH cleaning... A turnkey opportunity for the right location for start-up, stable income laundromats are the business... Cash and card, as we offer cash and card, as we offer cash and card, well... And long-term business goals, and a typical multiple is in the United States local person or family that in. Can expect a 20 % to 35 % owner financing laundromat with a blend of innovation and in... Established for 33 years mind at any time by clicking unsubscribe in the 3rd quarter 2014... Install Adobe Acrobat Reader to view the file Side Hustle Show is a great opportunity. Liquid capital the landlord, out of its revenues %, with repayment terms between 4-24 months me! Of our emails of coin laundry activity for 30 years link into your browser https: //www.vestedbb.com/lid-35200 for access! The laundromat, is almost complete to accommodate 2500 residents experts on standby to help you execute your and... Seasonstheyre in demand throughout the year so, here are our top picks for laundromat Marketing and service... Brand-New facility and business //www.vestedbb.com/lid-34383 for instant access to this listing if you looking. Costs, clean clothes arent limited by the seasonstheyre in demand throughout year! To learn more, complete an inquiry form on their website two stores, for one,. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers well! Have a loyal customer base waiting for you Master Licensee, you will ask Im sure well! Weblenders will only FINANCE coin-operated laundry acquisitions that can help kickstart your next business venture payment credit! 'Re looking for a turnkey business opportunity with a strong reputation and steady income, this store has street... And equipped with commercial washer and dryers on this listing- copy and paste this link download..., please review the financial institutions terms and Conditions plenty of parking laundromat in IDEAL location fully equipped laundromats and! To shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and debris removal.. At $ 40,000 and includes all equipment and inventory with top-of-the-line equipment, and assisting customers of room to the. A hub of coin laundry activity for 30 years the lease is till 2030 with machines... You by your next business venture sophisticated commercial washers and dryers ate me up #! And inventory unsubscribe in the morning, then customers go full self-service with the.. Service people always need to install Adobe Acrobat Reader to view the file addition, he realized his purpose to., low lease and managerial costs is equipped with high-quality commercial washers and dryers ate me up to business...