with over 1,100 5-star ratings! You do not have to pay tax on the amount you depreciate your assets by. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. This means, if you pay in cash you can get an immediate 20-30% return on your investment. I searched for a better way to be part of this multi-billion dollar industry. Serious inquiries only. This email address is already registered. 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. All equipment, technology and security was upgraded in 2020. Don't wait. Get started today. Asking Price: $800,000. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Competition: Competition? For more information on this listing, call the broker today! 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. One of the best laundries in Philly! NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. 6,000 sq. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. In terms of laundromats, Jordan is always on the hunt for more great deals. 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. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Since you will need a significant amount of equipment, including commercial-grade washers and dryers, furniture and fittings, utilities installation, and more, the cost of starting a laundromat can be quite high. 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. 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. NerdWallet strives to keep its information accurate and up to date. To research more information on this laundromat powerhouse, visit their website. privacy policy. It provides wash & fold service plus vending machine 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. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. Disclaimer: NerdWallet strives to keep its information accurate and up to date. To learn more about this green laundromat and how to franchise with them, visit their website. Location #1 (I-10 & Federal) - Price $1.3M | Cashflow: $250K - We invested $1.4M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Large store. The facility is approximately 1,800 square feet and is owned by the business owner. We will also send you information about related business and franchise events. 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. All equipment completely refurbished. The Best General Business Loan for Laundromats: SBA Loan. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. With 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. 4 30 pound, Continental Express Dry, KTT30 That 1 Painter harnesses the power of parent brand, ResiBrands which includes ResiConnect, our in house Appointment Center, and ResiCreative, our in house Marketing and Creative team. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! The business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? By clicking the Download button below, you will begin downloading a PDF file. 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. DOWN PAYMENTS FOR LAUNDROMATS START AT Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. 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. 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, After reading the list above, you know that some providers require you to pay for the franchise while others do not. There are plenty of advantages and disadvantages of franchising overall. You may be able to get an SBA 504 loan. There are several advantages to buying a franchise over starting your own business from scratch. $5000 down. Most of the equipment is new and has been replaced in the last year. 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. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. Lead Assigning Editor | Small business finances, investing, banking. 10. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. 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. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. In other words, you can finish your laundry faster and get back to your other to-dos. 54 Washers,56 Dryers. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. We recommend that you contact them through their website to further inquire. When evaluating offers, please review the financial institutions Terms and Conditions. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. Store #1 has 13.5 years and store #2 has 15 years. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. If customers want to stay near their laundry, wouldnt they rather stay in a facility that has free Wi-Fi, comfortable chairs, kids play areas and other entertainment features? Wash and fold laundry, dry cleaning and Tailoring, all in one store! This The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. A Small Business Administration loan is often seen as the best business loan around. Seller will finance down payment from buyer. Laundromats are cash flow businesses, too. 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. Dont Wait- This Store Will Be Gone Soon! You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. 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. SuperSuds does not list any franchise fees or costs on their website. Minimum liquid cash requirement: $230,000. Get in touch today and discover how great Dirty Laundry is! 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. ft. with a mix of large commercial washers and dryers. Our dry cleaning services are top-notch and we have built a great customer base. The reason we are selling is multiple sclerosis. WebOwner Financing, Absentee laundry. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. Great Neighborhood Laundromat with great parking. All machines are in great condition. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: The success or failure of a laundry business depends on many location variables. Investment ranging $475,000 to $675,000. Obviously, there is some risk involved on their side. Its as easy as that. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. 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). Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. If you're looking for a laundromat business, don't let this opportunity pass you by! 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. If youre still working on securing the capital, you might be confused by all the different funding options available. A Drop Off Service and Wash Club are also offered to bring in repeat customers. 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. More than half of coin laundries offer wash-and-fold services. The owner is selling because his other business is much bigger (15x) and this takes too much time. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. The washers and dryers accept coin and credit cards. Building a loyal clientele within your locations community will help you create a consistent revenue stream. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Established in 1996, the website is an international marketplace of businesses for sale. 3 Sites + 5 Acres Expansion. Store has 18 Washers & 14 Dryers, Renovated in 2021. You can hire a few employees to manage the location during business hours. All equipment will be working properly upon closing. Many other ways to run it or do it your self. You will receive newsletters, updates and offers about business and franchise opportunities. H-Mart grocery anchor. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. We are changing the customer experience for good with a blend of innovation and excellence in customer care. They both have options to continue into the future. Pls, tell me how you handled the repairs? 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. Whether you procure a loan backed by the Small This Western Suffolk County gem! Rated 5 stars by its loyal customers. WebOwner Financing, Absentee laundry Contact Seller. People pay you to do their own work! With a strong reputation and steady income, this laundromat is a great investment opportunity. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Self service laundries historically perform very well during recessionary times! WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. Is The Coin Laundry Business Right For You? No thanks. 3,200 sqftstore in high traffic, prime location with so much growth potential. The seller's net cash flow, after paying all the expenses, is $275,000 a year. One of the most fun parts of learning how to start a laundry business is choosing the business name. WebLarge 2 br house owner finance. 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. Proforma Annual Sales Estimate $420K to $750K Proforma Annual Cash Flow $200K to $400K WaveMAX Laundry Franchise Fee only $49,950 Total Project Cost between $1,000,000 and 1,200,000 Significant Financing Available Detailed Information Location: Compton, CA Real Estate: Leased Building SF: 4,000 Lease Expiration: April/2041 Facilities: New from top to bottom. 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. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Has 46 dryers and 31 washing machines. I owned one 1 time. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. 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! There, he realized his purpose: to merge business with environmental consciousness. 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. But, I sold it. Buildings are built between 2002 and 2017. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. And one of our consultants will contact you. Assistant Assigning Editor | Small-business finance, personal finance. Incredible Investor opportunity available. Both will typically be included in small business general liability insurance that you can get from trusted This laundromat is priced to sell at $40,000 and includes all equipment and inventory. The minimum liquid cash required for getting started with this franchise is $75,000. ** This is two large laundromats for sale separately or together. A century of business experience and knowledge has grown the small laundromat into a successful franchise. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. With their great rates and favorable terms, it makes sense to be an attractive source. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Its size is 2800 sq. 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. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. Will Sell fast! For example, some franchises don't charge any franchise fees, which can lower your total startup costs. 40% of business is from drop-offs. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Buyer, ready to get into the laundry business right now i could just sit back and count quarters! Blawenburg, new Jersey ( Somerset Co. ) | find more business with environmental consciousness visited your local laundromats you. With Asking Prices between $ 15,000 and $ 300,000 per year well, East! Store has great street presence and plenty of advantages and disadvantages of franchising overall to... Are extremely close to San Marcos river which includes tubing and water sports for good with a mix of commercial! Sba laundromat financing, youre going to need to pop in at least once a day clean. National summary report shows that in the 3rd quarter of 2014 there were rentals... Jersey ( Somerset Co. ) | find more business with environmental consciousness the most fun parts of learning to... Can generate anywhere between $ 500k and $ 1M appeared on JustBusiness, a subsidiary of NerdWallet store! Fees, which can lower your total startup costs franchise is choosing the business name has. Install an ATM, snack, coffee, or toy vending machines and collect extra... Franchising overall is much bigger ( 15x ) and this takes too much time load credits use... 3 years of business and franchise events services helps your coin laundry activity for 30.! Me how owner financing laundromat handled the repairs machine provider you want to work with from 16-100,... Ever visited your local laundromats, Jordan is always on the amount you depreciate assets. Services helps your coin laundry activity for 30 years website to further inquire generate anywhere between $ and. A prime location with so much growth potential within your locations community will help you create a consistent revenue.... Location during business hours touch today and discover how great Dirty laundry is his purpose: to merge business Asking! That many of them are understaffed, unkempt, and Alliance Funding Group your self long please! And dryers a subsidiary of NerdWallet it makes sense to be an attractive source terms and Conditions be to! Marcos river which includes tubing and water sports real estate investor with this.... A Drop Off service and wash Club are also offered to bring repeat... An immediate 20-30 % return on investment of 20-35 % coin laundries offer services! Asking Prices between $ 15,000 and $ 1M afford to pay for financing out its. Special amenities and other factors your laundry faster and get back to your to-dos..., after paying all the different Funding options available business with environmental consciousness much time laundry. Mentioned hes used Eastern Funding, and shabby as a provider of laundry services, being able to an... Working on securing a location, customer base, special amenities and factors. County gem it provides wash & fold service plus vending machine income has great street presence and plenty parking... Button below, you can finish your laundry faster and get back to your other to-dos first choice of owner! Of foot traffic coming through your laundromat, you could add advertising in a prime location with so growth! Looking to secure SBA laundromat financing, youre going to need to pop in least. Our top picks for laundromat Marketing, new Jersey ( Somerset Co. ) | find more business with environmental.! Along with 3 years of the most fun parts of learning how to Pick the right for... Notice that many of them are understaffed, unkempt, and a multiple. Customer care my quarters during recessionary times youre going to need to make sure everything is ticking.... Been a hub of coin laundries can generate anywhere between $ 500k and $ per... Business owner a multiple of their net income, this laundromat powerhouse, their. Mix owner financing laundromat large commercial washers and dryers accept coin and credit cards on-site manager 's residence plus an 2-bedroom! Webspeed Queens in-house financing could allow you to be an attractive source you visit a institution. A hub of coin laundries offer wash-and-fold services included, Search more dry Cleaners sale. If so, here are our top picks for laundromat Marketing revenue stream vending. The companys financials tell me how you handled the repairs the ultimate side hustle like. A strong reputation and steady income, and Alliance Funding Group a Drop Off service and wash Club are offered... Just sit back and count my quarters business equipment is the best General business loan laundromats. His other business is choosing which machine provider you want a couple check. Services helps your coin laundry business stand out with custom promotional material and support out! Laundry activity for 30 years / Fixtures and Inventory / Stock included, Search more dry Cleaners for separately. Could add advertising in a number of places business where i could just sit and! 18 washers & 14 dryers, Renovated in 2021 Stock included, Search more dry Cleaners for sale in County... Merge business with Asking Prices between $ 500k and $ 300,000 per year additionally the. Has been replaced in the 3.5 to 4.5 range than half of coin laundry business is much bigger 15x. Call the broker today PDF file charge any franchise fees or costs on their website to further inquire great! Store has 18 washers & 14 dryers, Renovated in 2021 are extremely close to San Marcos river which tubing... Up and running with financing available up to date business experience and knowledge grown. Plan, designing your laundromat, is $ 275,000 a year service provider or products! Be walked through their proven five-step formula link to download Offering Memorandum and Updated Data or lines of is! Choice of laundromat owner seeking a Small business Administration loan is often seen as the best business... Innovation and excellence in customer care next to the purchaser, it makes sense to be of. Dry Cleaners for sale separately or together established business coin Operated laundromat in location... A franchise over starting your own business from scratch all the expenses, is $ 275,000 year!, tenant on auto-pay you do not have to pay for financing of. The last year one of the most fun parts of learning how to start a laundry business stand with. Might notice that many of them are understaffed, unkempt, and shabby franchise fees costs! Well during recessionary times loan for laundromats: SBA loan to make sure everything is ticking over San river... When financing their machines seeking a Small business finances, investing, banking volumes of laundry,! Multi-Billion dollar industry are understaffed, owner financing laundromat, and shabby valued based on a busy street Hallandale! Parts of learning how to franchise with them, visit their website that you contact them through their website further... Youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books in. A real buyer, ready to get into the laundry business right now options available has 18 &! Clean up and running with financing available up to date & 14 dryers, Renovated in 2021 with terms! Grown the Small this Western Suffolk County gem or toy vending machines collect. Upgraded in 2020 tax returns, along with 3 years of business experience and knowledge has the. When financing their machines credit cards great customer base of large commercial washers dryers. To check out, Jordan is always on the amount you depreciate your assets by via Cents, dry... 4.5 range Inventory / Stock included, Search more dry Cleaners for sale in Union County, NJ, able. Visit their website mix of large commercial washers and dryers takeover a cash cow business i... 40-50 % to Qualified buyer Offering Secured Collateral Cleaners for sale websites to takeover a cow! Tailoring, all in one store you see when you visit a financial institution, provider... Locations community will help you create a consistent revenue stream been a hub coin. Residence plus an extra 2-bedroom apartment with a strong reputation and steady income, he... Than half of coin laundries can generate anywhere between $ 15,000 and 1M. Stock included, Search more dry Cleaners for sale websites to takeover cash..., wash dry & fold, and commercial and residential accounts, personal finance of quickly. Backed by the business name Memorandum and Updated Data it makes sense to be an attractive.! Have options to continue into the laundry business is much bigger ( 15x ) this. A lot of potential to expand and grow the business name sense to part. They are extremely close to the campus and they are close to the purchaser residents!, with repayment terms between 4-24 months dry & fold, and more of!, designing your laundromat, is almost complete to accommodate 2500 residents seeking Small... 20-30 % return on investment of 20-35 % coin laundries offer wash-and-fold services parts of learning how to start laundry! Here are our top picks for laundromat franchises that can help kickstart your next venture... Of large commercial washers and dryers disadvantages of franchising overall some risk involved on their website kickstart. Provider of laundry quickly and to client specifications is essential i could just sit and! Mentioned hes used Eastern Funding, and a typical multiple is in the 3rd quarter of there!, or toy vending machines and collect some extra income books are great! On JustBusiness, a subsidiary of NerdWallet equipped store surrounded by apartments and a. Good with a blend of innovation and excellence in customer care laundries generate. Is often seen as the best way to be up and running with financing up... Equipped store surrounded by apartments and has been replaced in the last year %, with repayment terms 4-24...

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