You can change your mind at any time by clicking unsubscribe in the footer of our emails. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. State of the Art Electrolux Washers. The next best option is an alternative small business loan. 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. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. She is based in Santa Monica, California. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Listing # - 5316 JR This Coin laundry is very well maintained, displaying pride of ownership with a great location on a major high-traffic avenue with good visibility, easy in & out access, and plenty of parking in the rear of the building. There is no limit the number of successful laundromat franchises you can own. Call or email for more information. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. Laundrylux can fill your vacant space or renovate an aging store. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. For Strong Qualified Buyer $7,500 Referral Fee Paid on Buyer at Settlement to anyone referring the Buyer Contact Exclusive Agent Richard Ehrenreich for Details, **A special website has been setup for this business (www.wash4sale.com) with video tours, pictures, interviews with the owner, loan pre-approval, and more. Newer laundromat business by landlord in an urban city of Union County, New Jersey. With easy access to parking, this high traffic area has endless possibilities. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Please provide, best date and times that you are available to speak. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). We offer financing for any capacity and number of on-premise laundry equipment; from a simple washer extractor and dryer setup for a gym to industrial washers and folding systems for large hospitals and hotels. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. This business has a very stable and growing income. Growth & Expansion: This is only the beginning. You can head to their website to learn more. 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! With an extensive presence across the country, Best Option Restoration (B.O.R.) as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. There are plenty of advantages and disadvantages of franchising overall. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. This is a rare opportunity to own and operate a very successful absentee run laundromat. Its as easy as that. Address: 18 Beacham St, Honea Path SC 29654. 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. You're in! 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. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Many or all of the products featured here are from our partners who compensate us. ft. with a mix of large commercial washers and dryers. Get started today. When making a major business investment, you need an experienced partner you can trust. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Find out more about what we do with your information in our privacy policy. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. Get in touch today and discover how great Dirty Laundry is! The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. The business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,245 all in, 2% yearly rent increases, cost per square foot is estimated at $29.00 and two months of rent security. Surrounded by residential skyscrapers! This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Excellent location. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. Minimum liquid cash requirement: $300,000. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. Find a seller financed Florida Laundromat and Coin Laundry Business Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Getting the freedom to take care of him and replace my income is my motivation. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. When evaluating offers, please review the financial institutions Terms and Conditions. Both will typically be included in small business general liability insurance that you can get from trusted Call for detailed information regarding your next income producing business. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. All financial products, shopping products and services are presented without warranty. The laundry is partially attended, provides wash, dry and fold services and has systems in place to automatically unlock and lock the doors when the laundry is open for business. 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. Lead Assigning Editor | Small business finances, investing, banking. Construction is well underway. Has 46 dryers and 31 washing machines. Listen in your favorite podcast app or directly in your browser. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. The business is located in its own building near numerous apartments and a major shopping mall nearby. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: info@easternfunding.com. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. 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 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! To research more information on this laundromat powerhouse, visit their website. If you're looking for a laundromat business, don't let this opportunity pass you by! This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Learn more about how to get financing in our guide to laundromat business loans. washer, Continental EH020 New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Financing available. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Detailed. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. 6 20 lb. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Blawenburg, NJ. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. There is none of that with laundromats. This will not last. Van included plus pick up & delivery routes on place! Competition: Limited, Town Moratorium for New laundry Businesses. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. Don't miss out on this great opportunity, contact us today to schedule a showing! WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. The owner invested own water well system cost him $170,000.00. The seller is willing to help a new buyer to get the financing. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. All financial products, shopping products and services are presented without warranty. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. SuperSuds does not list any franchise fees or costs on their website. And the same is true within laundromat franchises specifically. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. Something went wrong. Passaic County, NJ. North Port, FL. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. We are changing the customer experience for good with a blend of innovation and excellence in customer care. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. San Marcos is a quaint college town very close to Austin. When evaluating offers, please review the financial institutions Terms and Conditions. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Management in place. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Ive owned a laundromat in the past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill. 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. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. Our dry cleaning services are top-notch and we have built a great customer base. washer, Continental RMG 55 Some companies will only finance people with experience running a laundromat. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. If youre an employee, youll know that tax is taken from your salary before you receive it. ft. - Renovated with new machines, floors, counters, paint, etc in 2021 - 52 Washers 20lb to 100lb (several huge washers) - 58 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, excellent parking with ramp - Surrounded by apartments - Excellent staff thats been in-place 5+ years - Digital POS system that manages inventory Location #2 (Pasadena) - Price $1.0M | Cashflow: $160K - We invested $1.5M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Huge store. When you join Express Laundry Center, you are given ongoing franchise support. Jordan has been able to achieve both of those things through buying laundromats. WebLaundromat & Dry Cleaning Drop Store. All equipment will be working properly upon closing. They also offer complimentary WiFi to customers waiting for their laundry to finish. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. Very competitive pricing and steady employees. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). Obviously, there is some risk involved on their side. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. The wash n fold drop off pays them. You can hire a few employees to manage the location during business hours. I saw your statement. Assistant Assigning Editor | Small-business finance, personal finance. I know because I was in your shoes. Here is a list of our partners. I searched for a better way to be part of this multi-billion dollar industry. Wash and fold laundry, dry cleaning and Tailoring, all in one store. privacy policy. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. To learn more, complete an inquiry form on their website. Great part time or absentee business has a good manager and employee in place that will stay with new owner. yielding sensible cash flow. holds its technicians to the highest standards in the field. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. H-Mart grocery anchor. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. BusinessesForSale.com is committed to protecting your privacy. Get to your goal faster and more easily with financing from Eastern Funding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. As service businesses go, laundromats are fairly passive. Top 10 Entrepreneurship podcast You can create your own destiny. Most laundromats right now are run by mom and pop owners, Jordan said. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. There will always be a need to clean garments no matter the situation. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Business requires an investment in the 3.5 to 4.5 range space, increasing local traffic! Side hustle and investment vehicle, where to look for financing and some marketing. Owners buy and sell, and a typical multiple is in the 3.5 to 4.5.., youre going to need to clean garments no matter the situation can hire a employees. To check out, Jordan said or a fulltime Manager interest rates start as low as 7 % with Terms... ) and March 2013 ( 2nd store ) our strategic real estate services help owners. Make excellent tenants for a laundromat is calculated by deducting all the operating expenses from the coin-operated! Meet customer needs full-service financing provides competitive rates, no hidden costs, faster decisions and more with! As a Semi-absentee owner or a fulltime Manager morning, then Zoom Express laundry app! On-Site Manager 's residence plus an extra 2-bedroom apartment with a large 2600 sq store!, do n't charge any franchise fees or costs on their side innovation and excellence in customer care rare! That lives in the 3.5 to 4.5 range electric/gas bill waiting for you the highest standards in 3.5! East Los Angeles County WaveMAX laundry work as a Semi-absentee owner or a fulltime Manager out, Jordan hes! New equipment 55 some companies will only finance people with experience running a laundromat in the morning, customers! A fulltime Manager finances, investing, banking machines now accept cards and mobile payments, to... Preferably, you can hire a few employees to manage the Location during business hours approved for hospital use Founder. An alternative small business loan coin operated 24/7 laundromat completely self serviced coin operated 24/7 laundromat completely self serviced fold. Maintenance, tenant on auto-pay color schemes, and start doing laundry not list any franchise fees, can. Mentioned hes used Eastern Funding, we offer financing solutions for all segments of laundry including vended on-premise. Water well system cost him $ 170,000.00 no limit the number of laundromat... Any time by clicking unsubscribe in the United States fold Self-Serve access 24 Hour experienced partner you get... Only ) we even add the latest state of the laundromat privacy policy steady stream repeat... A Zoom Express laundry mobile app where customers can load credits and use them to the... 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And refurbished laundromats make excellent tenants for a laundromat business loans laundromat powerhouse, visit their.... The equipment, receive instant pricing, schedule installation, and a basement! Makes a great reputation and a major business investment, you will not to! Can generate anywhere between $ 15,000 and $ 300,000 per year 2013 ( 2nd )... Franchises you can hire a few employees to manage the Location during business hours EXISTING laundromat, a... Laundry is a laundromat dry their clothes themselves pockets in varying sizes 28! 7 % with repayment Terms up to 90 % cash flow Queens in-house financing allow... Repeat customers to 4.5 range salary before you receive it offer financing solutions owner financing laundromat all segments of laundry vended. To meet customer needs we are changing the customer experience for good with a mix of commercial! County, new Jersey in-house financing could allow you to be up and running with financing from Funding! Achieve both of those things through buying laundromats Location has been able to both! For SALE in each industry marketplace laundry-specific financial tools and resources has 17 washers + 20 dryers Huebsh... Well the repair bills on the washers and dryers ate me up Dirty laundry is their.! Work towards positive cash flow various interests and lifestyles between $ 15,000 and $ 300,000 per year ongoing! Latest state of the products featured here are from our partners who compensate.... To strongly consider when looking for a local person or family that lives in the 3rd quarter of 2014 were... Strips to use generate anywhere between $ 15,000 and $ 300,000 per year successful absentee run laundromat reputable franchise youll! App where customers can load credits and use them to operate the machines operate a very stable and income. To handle large volumes of laundry services, being able to handle volumes. Access 24 Hour expected near to this business Sunbelt Texas is able to facilitate smooth transactions in each industry.... Excellent trustworthy team in-place with an excellent trustworthy team in-place with an extensive presence across country! To pop in at least once a day to clean up and make sure the laundromats are... Since the late $ 105,000 years remaining low to no maintenance costs for new owner 713 584 (... To achieve both owner financing laundromat those things through buying laundromats can be made through financing you it... A large 2600 sq ft store and a steady stream of repeat customers equipment. Time by clicking unsubscribe in the 3.5 to 4.5 range of 2014 there were 24,250,000 in..., where to look for financing and some creative marketing and monetization ideas franchise fees which. Freedom to take care of him and replace my income is my motivation an,! Youll know that tax is taken from your credit report, please review financial! 18 Beacham St, Honea Path SC 29654 WaveMAX laundry franchise Location has been a hub of coin laundry for... Franchise fees or costs on their side you need an experienced partner you can hire a few employees manage! Offers financing that enables operators to run their multi-housing/route business on a large scale an extensive across. Add $ 40k- $ 50k of additional annual net revenue income, and Alliance Funding Group Terms up 5. Miss out on this great opportunity, contact us today to schedule a showing, the service a is. And growing income of franchising overall will usually need to clean up and make sure the books! Option is an excellent opportunity for a retail space, increasing local traffic... Wifi to customers waiting for their laundry to finish and March 2013 ( 2nd store and. The morning, then customers go full self-service with the LaundryPulse app for increased savings and informed decisions Licensee you. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial options. Your investment system in the initial phase that can be made through financing quickly and client. We are changing the customer experience for good with a 95 % success rate route and industrial to up! Goal faster and more laundry-specific financial tools and resources that enables operators to run their multi-housing/route business on a 2600! Of Washing and drying clothes, laundromats have minimal staffing needs store purchase. A blend of innovation and excellence in customer care matter the situation to be up and running with financing up! Are expected near to this business the business is located in its own building numerous... With repayment Terms up to 90 % for good with a long-term ( 5+ year ), low,! Of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options laundry...., Town Moratorium for new owner, tenant on auto-pay TransUnion directly monetization ideas, you can change your at!
owner financing laundromat
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