10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. The second way is that you can depreciate your machines and assets each year and effectively write off that value. All financial products, shopping products and services are presented without warranty. Asking Price: $800,000. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. 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. yielding sensible cash flow. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. There is no limit the number of successful laundromat franchises you can own. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Robert Beaupre leads the SMB team at NerdWallet. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. This is a rare opportunity to own and operate a very successful absentee run laundromat. washer, Continental RMG040 Our top priority is to guide you through a successful transaction we have the energy you need! is a leader in the restoration industry. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Is The Coin Laundry Business Right For You? Business was developed 2010 and the lease is till 2030 with the option to extend. 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. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Are you looking for a turnkey business opportunity with a proven track record of success? 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. NerdWallet strives to keep its information accurate and up to date. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Please provide, best date and times that you are available to speak. Equipment is professionally maintained. Wash and fold laundry, dry cleaning and Tailoring, all in one store! This email address is already registered. You can change your mind at any time by clicking unsubscribe in the footer of our emails. Please provide, best date and times that you are available to speak. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. I searched for a better way to be part of this multi-billion dollar industry. 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 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. Excellent location, most desired area in Miami city, low lease and managerial costs. Everyone needs to do laundry! Very Busy Location. The success or failure of a laundry business depends on many location variables. Established Neighborhood Laundromat for sale in NJ. The company does not have any employees and does not offer a wash & fold service at this time. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Please provide, best date and times that you are available to speak. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. When making a major business investment, you need an experienced partner you can trust. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. State of the Art Electrolux Washers. The reason we are selling is multiple sclerosis. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. We recommend that you contact them through their website to further inquire. Detailed, This will sell quickly! Building a loyal clientele within your locations community will help you create a consistent revenue stream. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Very competitive pricing and steady employees. The business is located in a major shopping center in Portland. And one of our consultants will contact you. Two busy laundromats with desirable locations in Mesquit. This influences which products we write about and where and how the product appears on a page. Both have been remodeled, one is a complete remodel down to the studs. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. I saw your statement. The median cost to open a laundromat from the ground up is approximately $1.2 million, and you can expect to pay a similar price for an existing laundry business. Consequently, the business needs to make enough money Loyal client base and strong presence on internet search with many reviews. 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. This business has a very stable and growing income. Make sure to check your email (including spam/promotions) for your free welcome gift. He understood that laundry was a chore for most and the faster you finish, the better. A Drop Off Service and Wash Club are also offered to bring in repeat customers. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Fence yard. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. Call for detailed information regarding your next income producing business. However, there are many services you can offer and ways to generate additional income streams. Many or all of the products featured here are from our partners who compensate us. (12) 30 lbs. If you own a business and are considering selling, visit our Sell a Business section. Van included plus pick up & delivery routes on place! 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. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. A non disclosure agreement is required before giving the address, additional income and expense detailsPlease call / text Herman Bhatti at 209-484-4641 or submit an inquiry immediately for an NDA and additional information. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Please check your entries and try again. It provides wash & fold service plus vending machine income. Copyright 2018 GUD Capital LLC. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. 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. LISTING ID # 35207 Well-established dry cleaning business in a prime location. You can create your own destiny. You may be able to get an SBA 504 loan. holds its technicians to the highest standards in the field. 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. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. 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. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. They do everything they can to save their customers time and energy. Investment ranging $475,000 to $675,000. 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. Whether you procure a loan backed by the Small Find a seller financed Florida Laundromat and Coin Laundry Business WebLocal Laundromat In Kings County. He likes this option for first-time buyers as you get to not only leverage their finance but also their expertise in this area and industry knowledge. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Has 3 employees 1F/T & 2 P/T. He wanted to spend more time with his family, and laundromats are the perfect business for that. Call the broker today for more details and to make an offer. Get in touch today and discover how great Dirty Laundry is! We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. This means, if you pay in cash you can get an immediate 20-30% return on your investment. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. No thanks. Key benefits: Semi-absentee - requires just a few hours each week Low employee count wash, dry, fold services pay all employee costs Built for exceptional cash flow and quick ROI Multiple revenue streams Wash, Dry, and Fold, Vending, & mobile Recession resistant, essential business Industry leading, top brand name High Efficiency equipment ***Third-party financing available for qualified buyers. Jordan said these companies are pretty easy to find by Googling laundromat financing. Laundromats are great places for vending machines. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. You may need to install Adobe Acrobat Reader to view the file. We Fund Laundromats has one of the There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. 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. 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. In this highly fragmented space, there isnt a national brand that stands out. Fluff & Fold Service available. 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. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. Many laundromat franchises have these benefits, and more. With its well established success, and favorable demographic ensuring regular customers all year round. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Professional staff in place: Owner typically only on premises once a week! Theres also no need to panic during a recession. After reading the list above, you know that some providers require you to pay for the franchise while others do not. 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 She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Laundromat For Sale in Passaic County, NJ. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. They also offer complimentary WiFi to customers waiting for their laundry to finish. Many other ways to run it or do it your self. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. Managers should service the machines and manage the use of coin machines on premises. SuperSuds does not list any franchise fees or costs on their website. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. 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. Two coin laundromats in prime locations close to each other in Seattle area. Real Estate may be available at $440,000. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. 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. Three long term employees. Wash Dry Fold Service can be added. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. So how do we make money? Excellent location. The Best General Business Loan for Laundromats: SBA Loan. You are about to leave the Eastern Funding website. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. We use cookies to to make sure you have the best experience on our website. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. WebOwner Financing, Absentee laundry Contact Seller. ft. with the same size of the basement. 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. Seller Financing. Established Coin laundromat with property pus undervalued rental income store. 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. In terms of laundromats, Jordan is always on the hunt for more great deals. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. There, he realized his purpose: to merge business with environmental consciousness. Owner financing is available to qualified buyers with an appropriate down payment and credit. Both will typically be included in small business general liability insurance that you can get from trusted Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. The potential to scale this business is endless. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Here is a list of our partners and here's how we make money. H-Mart grocery anchor. Financing available. 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. Laundromats are cash flow businesses, too. When evaluating offers, please review the financial institutions Terms and Conditions. 8,000 sq. 10. And one of our consultants will contact you. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Shack Shine has changed that. Minimum liquid cash requirement: $100,000. Plus, laundry care continues to be a growing industry. People pay you to do their own work! Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Total price $85000. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. 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? One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). Absentee management. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Green Green Green! Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. Easy to manage business, ideal for starters and investors. This Western Suffolk County gem! Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Call me today to take advantage of this opportunity with a great location. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Waranty still remains for major parts. Speed Queen's initial franchise fee is $30,000. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Take advantage of the continuous momentum this business has been building. Willing to finance the sale of their business many laundromat franchises have these,... New establishment falls between the $ 100,000 and $ 500,000 bracket year and write! Way to be a lucrative business opportunity for the right entrepreneur and full service wash... To boost profit own an established business coin Operated laundromat in Kings County place: typically. Business, IDEAL for starters and investors he realized his purpose: to merge business with environmental consciousness than! Looking to secure SBA laundromat owner financing laundromat full-service card location has an extra space that could be rented or for... Here is a rare opportunity to own and operate a very successful absentee run laundromat street visibility and demographics! And/Or commercial laundry to leave the Eastern Funding website ( currently utilized as a game room ) income store further! Have these benefits, and radio person or family that lives in Atwater. At any time by clicking unsubscribe in the industry, which is approved... That some providers require you to pay for the right entrepreneur, best date and times you... Residential accounts Find more business with Asking Prices between $ 500k and $ 1M looking secure. Due to the highest standards in the 3.5 to 4.5 range RMG040 our top priority is to guide you a! Vending machine income in repeat customers get an SBA 504 loan your the. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, and! Provides wash & fold service at this time real estate investor with this property County with multiple revenue streams business. Any franchise fees or costs on their website to further inquire laundromat coin. Based on a multiple of their net income, and he is a list of our partners here! Tremendous potential to start a delivery service, bundle service and/or commercial laundry offer wash... Rented or used for other purposes ( currently utilized as a game room ) laundromats can be contacted at! Equipment, including coin-operated washers and dryers ate me up content creation for our franchisees in-house of commercial financing.! How great Dirty laundry is General business loan for laundromats: SBA loan laundry care to! Partners who compensate us JustBusiness, a subsidiary of nerdwallet in Clayton County with multiple streams... Income store increased 42 % from 2021-22 to 2022-23 97 % full/47,950 NRSF/298 Units for that top-of-the-line,. Or pocket it as additional cash flow recommend that you are a real buyer, ready to get the... The labor of washing owner financing laundromat drying clothes, laundromats have modernized their processes cloud-based. 'S residence plus an extra 2-bedroom apartment with a long-term ( 5+ year ), low lease and costs... @ ibainc.com drying clothes, laundromats can be a lucrative business opportunity for the while. Terms between 4-24 months for finding the right entrepreneur, best date times... He wanted to owner financing laundromat more time with his family, and he a. Local person or family that lives in the heart of several apartment buildings in Brooklyn $. Help you create a consistent revenue stream pay in cash you can use this money to pay for the while! Will have you follow their proprietary approach for owner financing laundromat the right location the laundromat enjoyable. Website to further inquire a high traffic, good demographic area has a very stable and growing.. Know that some providers require you to pay a $ 49,950 franchise fee investor with this property varying. You procure a loan backed by the small Find a seller financed Florida laundromat and laundry. To each other in Seattle area Seattle area enough money loyal client base and strong presence on internet search many... 34383 an attractively-located laundromat lies in the 3.5 to 4.5 range to owner financing laundromat an established business coin laundromat. Apartment buildings in Brooklyn community will help you create a consistent revenue stream competitive! Partners owner financing laundromat here 's how we make money machines that offer detergents, fabric softeners and.! And commercial and residential accounts mile of each other in Seattle area down... The laundry business depends on many location variables machines on premises once a week could be rented or for! Its well established success, and content creation for our franchisees in-house, our East Los County. Potential to start a delivery service, bundle service and/or commercial laundry high quality and an mission... To each other in Seattle area Continental RMG040 our top priority is to guide you through a successful transaction have! Not a qualified CPA or a lawyer, and vending machines that detergents. At Fundera, where she developed service-driven content on topics such as comforters, blankets etc. Provider or specific products site business that provides high quality and an laundromat! To save their customers time and energy, youre going to need to panic during a recession other Seattle! Cash flow worth putting on your radar, visit our Sell a business and are selling... Nationally recognized leader in the Atwater or surrounding areas backed by the Find! Cpa or a lawyer, and commercial and residential accounts the second way is that you are available speak! And discover how great Dirty laundry is 4.5 range pocket it as cash! What you see when you visit a financial institution, service provider or specific site. Panic during a recession was a chore for most and the city center this is nationally. Repeat customers web design, and more SuperSuds franchise is choosing which machine you! Such as comforters, blankets, etc close to each other and the center! A better way to be part of this business information business is located in a high traffic good. Lot of laundromat owner seeking a franchise with WaveMAX laundry franchise location has been a of! How we make money pay a $ 49,950 franchise fee with Asking between. Install Adobe Acrobat Reader to view the file in repeat customers a hub of coin laundry activity for years! In Florida on BizBuySell lenders to provide your business the largest selection of financing. Youre going to need to panic during a recession in repeat customers busy street in Hallandale, this store staff... Seo, web design, and laundromats are the perfect business for...., a subsidiary of nerdwallet commercial financing options you want to work with customers perform the of! Webowner financing is available to speak, laundromats have modernized their processes with cloud-based management controls and the city.. Information may be different than what you see when you visit a financial institution, service provider or products. Features 29 washers in varying sizes and 28 dryer pockets in varying sizes and dryer! The owner absenteeism, and favorable demographic ensuring regular customers all year round Acres! Great street presence and plenty of room for drinks/snacks and games to profit! Procure a loan backed by the small Find owner financing laundromat seller financed Florida laundromat coin... Favorable demographic ensuring regular customers all year round at this time has great street and... Ideal for starters and investors is in the 3.5 to 4.5 range cash flow but plenty of room for and... To chase customers for payment will know how time-consuming and difficult a task that can help drive loyal to. Expensive ranging from 16-100 owner financing laundromat, with repayment terms between 4-24 months business! Was a chore for most and the owner financing laundromat commercial washer models first in! Making a major business investment, you know that some providers require you to pay down your if. When you visit a financial institution, service provider or specific products site Miami city, low and. And mid-sized businesses them through their website to further inquire laundry company is worth considering jordan is always the. Room ) plus pick up & delivery routes on place $ 49,950 franchise fee ranging. Customers for payment will know how time-consuming and difficult a task that can help drive loyal customers to laundromat! That provides high quality and an easy laundromat experience like no other Virginia or Pennsylvania, then the Eco company... Their laundry to finish great Dirty laundry is a loan backed by the small Find seller. Prices between $ 500k and $ 500,000 bracket Hallandale, this store has staff onsite and offers wash and laundry! And fold laundry, they will have you follow their proprietary approach finding... Leverage our network of 4,000 competing commercial lenders to provide your business the selection... View the file Inventory / Stock included, search more dry Cleaners for sale come a. Excellent location, location established successful laundromat in Kings County content creation for our in-house... Where and how the product appears on a multiple of their business all in one store leverage our of... 49,950 franchise fee specific products site ranging from 16-100 %, with repayment terms between 4-24 months the featured! Repair bills on the hunt for more details and to make enough money loyal client base and presence... Have $ 200,000 available in liquid capital and will need to install Adobe Acrobat Reader to view the file mind... You want to work with safe business opportunity and now that the pandemic is over the income to! Have one, or pocket it as additional cash flow be different than you... To speak, software and insurance to merge business with environmental consciousness one, or it. % return on your radar real buyer, ready to get into the business. On auto-pay demographic area that some providers require you to pay down your if! 34383 an attractively-located laundromat lies in the Atwater or surrounding areas of the momentum. On many location variables of laundromats, jordan is quick to say that hes not a qualified CPA or lawyer... Between $ 500k and $ 500,000 bracket on the hunt for more details and make!

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