For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. 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. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. 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. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. I saw your statement. In economic terms, the demand for washing clothes is inelastic. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. 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. Please provide, best date and times that you are available to speak. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Located on the a main heavy street, it is in a mid-sized shopping center with easy access, plenty of parking and a located less than half mile from 4 apartments complexes(Falcon Heights, Gardenwood, Winton Gardens, and Castleview Apartments).Laundromat includes 31 washers, 23 dryers. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. Online marketing campaign in place. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. However, this does not influence our evaluations. Learn more about how to get financing in our guide to laundromat business loans. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). - The wash, dry, and fold operator will pick up the laundry at the customers location. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Competition: Competition? I take care of my dad. A Drop Off Service and Wash Club are also offered to bring in repeat customers. Easy to manage business, ideal for starters and investors. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. To learn more, complete an inquiry form on their website. Jordan said this means the market is very inefficient. You will receive newsletters, updates and offers about business and franchise opportunities. Wash and fold laundry, dry cleaning and Tailoring, all in one store! WebLAUNDROMATS GENERALLY SELL FOR BETWEEN $30,000 AND $2,000,000 FOR THEIR FULL PRICE, DEPENDING ON THE PROFIT, MACHINERY, LEASE AND SIZE OF THE LAUNDROMAT. Income should be able to reach $350k with someone who can put a little time into it. You can hire a few employees to manage the location during business hours. When you join Express Laundry Center, you are given ongoing franchise support. Financing available. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. The laundromat was purpose-built and had been operating as a laundromat for 10 years. The laundromat is approximately 2,628 sq. 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. 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. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Our partners cannot pay us to guarantee favorable reviews of their products or services. For more information, please call or text Nadir Jiddou at 248-220-3274. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. No Comp/No Zoning Now Accepting Offers. We are changing the customer experience for good with a blend of innovation and excellence in customer care. The lead broker at IBA for this business is Seth Rudin. The facility is approximately 1,800 square feet and is owned by the business owner. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. 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. Buying a franchise requires a lot of legwork and access to liquid funds. 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. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. All Rights Reserved. Today's customers want better, faster, safer and newer! All financial products, shopping products and services are presented without warranty. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Pls, tell me how you handled the repairs? Im selling the real estate .60 acres and the business as one. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. 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. Look no further than this well-established laundromat located in a high-traffic area. Dansbury equipment and securty is automtated and accessed remotely. A laundromat is a self-service business. All equipment, technology and security was upgraded in 2020. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. This means, if you pay in cash you can get an immediate 20-30% return on your investment. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. And one of our consultants will contact you. SuperSuds does not list any franchise fees or costs on their website. The owner is willing to enter into a long term lease with the buyer. Wash and fold laundry, dry cleaning and Tailoring, all in one store! More than half of coin laundries offer wash-and-fold services. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. All equipment will be working properly upon closing. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. Buyers must be well-qualified. Our partners compensate us. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Our dry cleaning services are top-notch and we have built a great customer base. When operating a business like a laundromat, however, you can pay expenses before deducting tax. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. The washers and dryers accept credit cards or coins. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. Call the broker today for more details and to make an offer. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. Copyright 2018 GUD Capital LLC. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? 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. State of the Art Electrolux Washers. Professional staff in place: Owner typically only on premises once a week! Also state what your time frame is. However, talking about his experiences, Jordan called laundromats a tax advantage business.. So, heres the deal: Getting into the laundromat business isnt cheap. It involves a brick-and-mortar facility full of expensive laundromat equipment! Keep reading. Making a budget and sticking to it is even more important in business than in your personal life. Udemy offers inexpensive courses on budgeting that are worth checking out. They know the industry well and will be able to give you some great advice. Recently renovated with new machines in 2021 & 2022. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Drop off Dry Cleaning. 4 40 lb. Explore our custom landlord development programs to fill vacancies. Our Grand Reopening is slated for late October. 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 [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. Two coin laundromats in prime locations close to each other in Seattle area. Established Neighborhood Laundromat for sale in NJ. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Don't miss out on this chance to own a thriving business. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. With a strong reputation and steady income, this laundromat is a great investment opportunity. This Western Suffolk County gem! In this highly fragmented space, there isnt a national brand that stands out. You can create your own destiny. 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, Full staff opens, closes, cleans and processes drop off orders. 3 Sites + 5 Acres Expansion. 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. The current owner is willing to provide training and support during the transition period to ensure a smooth transition. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. In addition, he served as an online media manager for the University of Nevada, Reno. Territories begin as low as $29,000 based upon population. The minimum liquid cash required for getting started with this franchise is $75,000. This process includes an in-depth analysis of your target area, data collection on the areas average income, and even how to maximize street traffic to drive business to your laundromat. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. This business has a very stable and growing income. Detailed, This will sell quickly! Clean clothes arent limited by the seasonstheyre in demand throughout the year. He wanted a business that would generate passive income and yield better returns than real estate. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Growth & Expansion: This is only the beginning. Many laundromat franchises have these benefits, and more. Management in place. Rather, you will receive residual income from every single laundry load completed in your territory. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Both locations have room to set up for a wash dry and fold station. 3200 sq 40 Washers ,41 Dryers. WebPartial owner financing. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. And one of our consultants will contact you. You may be able to get an SBA 504 loan. The owner is selling because his other business is much bigger (15x) and this takes too much time. Wash and fold laundry, dry cleaning and Tailoring, all in one store. The success or failure of a laundry business depends on many location variables. Do not sell or share my personal information. And one of our consultants will contact you. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. We provide a cost-effective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. But, Im a lot older now , and understand things now better. The reason we are selling is multiple sclerosis. Self service laundries historically perform very well during recessionary times! The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Their franchise fee runs at $39,500. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. Get to your goal faster and more easily with financing from Eastern Funding. We will also send you information about related business and franchise events. 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. WebEvery laundromat owner needs property and liability insurance. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Top 10 Entrepreneurship podcast Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. When you work with the best, they help you become the best.. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: One of the most fun parts of learning how to start a laundry business is choosing the business name. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. Fence yard. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US SPONSOR MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information.