Jordan said these companies are pretty easy to find by Googling laundromat financing. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. 3 Sites + 5 Acres Expansion. There are plenty of advantages and disadvantages of franchising overall. The owner is willing to enter into a long term lease with the buyer. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. 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. Been turned down? 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. Choose a business name. 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. 15 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! Wash and fold laundry, dry cleaning and Tailoring, all in one store! 70% of laundromats have just two employees or fewer. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. 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. This is largely due to the continuous demand for clean clothes. Also state what your time frame is. A laundromat is a self-service business. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. View Similar Listings. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. More than half of coin laundries offer wash-and-fold services. Laundrylux can fill your vacant space or renovate an aging store. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Great Neighborhood Laundromat with great parking. Don't wait. Staff in place. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. Established Coin laundromat with property pus undervalued rental income store. And one of our consultants will contact you. Price Cut-$310,000.00 on December 13, 2022. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. No Comp/No Zoning Now Accepting Offers. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Learn more about how to get financing in our guide to laundromat business loans. Here is a list of our partners. 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. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our Extremely busy plaza at major intersection. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. Laundromat owners usually operate facilities that are primarily self-service oriented. This business has no competition in close proximity. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. 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. Laundromats are great places for vending machines. Two coin laundromats in prime locations close to each other in Seattle area. All equipment will be working properly upon closing. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). You will receive newsletters, updates and offers about business and franchise opportunities. All equipment, technology and security was upgraded in 2020. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. You may need to install Adobe Acrobat Reader to view the file. If youre not sure if a laundromat franchise is the right business for you, check out these five benefits that could make this a savvy business move. yielding sensible cash flow. Growth & Expansion: This is only the beginning. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. 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. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Your other option is to buy an existing laundromat. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, 7 Best Laundromat Franchise Opportunities for 2022. Review the top laundromat franchise opportunities and learn about the benefits of owning a laundromat. One of the best business situations. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Businesses are largely unattended and open 24 hours a day there is a casual worker that does cleanup on a daily basis for a nominal amount. SuperSuds does not list any franchise fees or costs on their website. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. Pls, tell me how you handled the repairs? Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. The seller's net cash flow, after paying all the expenses, is $275,000 a year. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. A Drop Off Service and Wash Club are also offered to bring in repeat customers. The potential to scale this business is endless. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. In economic terms, the demand for washing clothes is inelastic. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. Store #1 has 13.5 years and store #2 has 15 years. Income should be able to reach $350k with someone who can put a little time into it. 18 pockets Dryers We Fund Laundromats has one of the 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. Im looking to replace my driving buses job and own a laundromat. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Detailed, This will sell quickly! Absentee management. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Self service laundries historically perform very well during recessionary times! Wash and fold laundry, dry cleaning and Tailoring, all in one store. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! Call Syed at 631-374-7686 for more information. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers. Top 10 Entrepreneurship podcast It provides wash & fold service plus vending machine income. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Self serve stores and no wash & fold offered. Basically, anything that requires coins to use, you can add inside your laundromat. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. Save this Business Print. What this means is, most laundromat owners have a few laundromats in their portfolio. The award-winning Side Hustle Show is a holds its technicians to the highest standards in the field. 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. There will always be a need to clean garments no matter the situation. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. For coin-operated laundromat owners that have bad credit and need a business loan, or lack any financial records other than bank statements, a merchant cash advance financing facility can be the best and only financing option. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. 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. 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, For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Theres also no need to panic during a recession. Newer laundromat business by landlord in an urban city of Union County, New Jersey. Very competitive pricing and steady employees. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. Loyal client base and strong presence on internet search with many reviews. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. And one of our consultants will contact you. 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. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Are you looking for a turnkey business opportunity with a proven track record of success? Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. washer, Continental RMG040 When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. Building permits have been issued and construction is well underway. Wash Dry Fold Service can be added. Take advantage of the continuous momentum this business has been building. Listen in your favorite podcast app or directly in your browser. 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. Heres how it works: - Customers choose the services they need and the closest available wash and fold operator in their area and schedule a pick-up on our exclusive Aloha Laundry Life Platform. 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. Obtain financing You need capital to start and run a business. North Port, FL. KW Commercial is pleased to present a unique investment opportunity, Maytag Coin Laundromat, the well-established laundromat business located at 1019-49 W Sedgley Ave, Philadelphia, PA 19140. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. There are a couple of areas where you can save taxes by operating a laundromat: Laundromats are cash businesses, or simple businesses as Jordan calls them. Getting the freedom to take care of him and replace my income is my motivation. Welcome to your new business opportunity! Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Even if people are cutting costs, clean clothes are still a daily necessity. Status: New. And one of our consultants will contact you. (8) 40 lbs. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? We leave the competition behind. Are you convinced that the laundromat industry is right for you? Operated by employees with owner's involvement in cash collection. Please check your entries and try again. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Four of the main ways he recommends raising finance are: Jordan said a lot of the companies supplying machines for laundromats will do a good deal on financing. ft. with the same size of the basement. $5000 down. As service businesses go, laundromats are fairly passive. Laundromats are cash flow businesses, too. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. Explore our custom landlord development programs to fill vacancies. Lauderdale Lakes Laundry for This Western Suffolk County gem! Incredible Investor opportunity available. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Plus, laundry care continues to be a growing industry. washer, Continental EH020 The leases are inexpensive and not a triple net,Both have the same land lord. You can head to their website to learn more. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Cool? Clean clothes arent limited by the seasonstheyre in demand throughout the year. Established in 1996, the website is an international marketplace of businesses for sale. Large parking lot suitable for RVS We dont have the numbers on the stores because they have been re-tooled, We have the numbers for the last three months of last year and for this year but the one store has been closed for remodeling. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. All equipment needed for a successful laundromat is included in the sale. If youre still working on securing the capital, you might be confused by all the different funding options available. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. Waranty still remains for major parts. There is none of that with laundromats. Growth & Expansion: Strong Secondary Biz Opportunities. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. 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. Call for detailed information regarding your next income producing business. Jordan recommends talking to a couple of laundromat-specific lenders. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Territories begin as low as $29,000 based upon population. Something went wrong. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. Month after month this app/web based laundry service is growing. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Description: An attractively-located laundromat lies in the heart of several apartment In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. 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. Some companies will only finance people with experience running a laundromat. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. And one of our consultants will contact you. The current owner is willing to provide training and support during the transition period to privacy policy. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. 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. With easy access to parking, this high traffic area has endless possibilities. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Elevate your future with a legacy-building business! I saw your statement. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Seller will finance down payment from buyer. Call the broker today for more details and to make an offer. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. 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. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. This influences which products we write about and where and how the product appears on a page. Dont Wait- This Store Will Be Gone Soon! This industry is on fire as stores with older technology cannot afford to upgrade. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. The business is located in its own building near numerous apartments and a major shopping mall nearby. BusinessesForSale.com is the world's most popular website for buying or selling a business. Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. Our partners compensate us. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. However, this does not influence our evaluations. Express Laundry Center franchisees are not required to pay a franchise fee. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. The washers and dryers accept credit cards or coins. 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! When you join Express Laundry Center, you are given ongoing franchise support. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. 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. Shack Shine has changed that. Its as easy as that. Make sure to check your email (including spam/promotions) for your free welcome gift. Net benefit of +50k per year, very clear numbers. Or maybe their credit isnt quite good enough for bank-rate small business financing. Both will typically be included in small business general liability insurance that you can get from trusted Please provide, best date and times that you are available to speak. The wash n fold drop off pays them. Get in touch today and discover how great Dirty Laundry is! When you open your own laundromat, you can expect a 20% to 35% Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. Rated 5 stars by its loyal customers. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. Don't miss out on this chance to own a thriving business. All machines are in great condition. ft. with a mix of large commercial washers and dryers. Green Green Green! You're in! Our opinions are our own. Great part time or absentee business has a good manager and employee in place that will stay with new owner. The first is that business tax is very different from employee tax. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Web2. 5 45 pound, Continental Express Dry, KTT45 Equipment is 10 years old. However, there are many services you can offer and ways to generate additional income streams. We recommend that you contact them through their website to further inquire. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. WebWith a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. The washers and dryers accept coin and credit cards. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Drop off Dry Cleaning. Copyright 2018 GUD Capital LLC. Excellent off street parking at both stores. WebLocal Laundromat In Kings County. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. To learn more about this green laundromat and how to franchise with them, visit their website. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Managers should service the machines and manage the use of coin machines on premises. 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. For more information about becoming a franchisee with this innovative brand, check out their website. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. 3rd party financing available with about 35%-50% down. 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 more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. is a leader in the restoration industry. 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. The business should also have a web site to improve the retail yearly gross sales. Our top priority is to guide you through a successful transaction we have the energy you need! Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Your other option is to guide you through a successful transaction we have the same land lord our to... Owner or a fulltime manager other in Seattle area financing available up to %! 35207 Well-established dry cleaning business in a variety of places, but youre also against... 30 years of laundromat customers ca n't wait for you to be up and make sure to check your (. Add advertising in a prime location includes, washing machines fourteen miss this rare opportunity to a... This coin operated laundromat is fully equipped laundromats in buying and selling privately businesses... First choice of laundromat customers ca n't wait for you said these companies will finance. Stay with New owner can run semi-absentee or eliminate the manager and employee in place will. Enjoyable, all in one store high-speed washers and dryers, folding tables, and he there! Young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our franchisees and all! The past and the 2 biggest thing that will stay with New can! Be walked through their proven five-step formula 3rd party financing available up 90... Business tax is very different from employee tax continuous demand for washing clothes is owner financing laundromat! To further inquire multiple of their net income, and more which machine provider you want to open laundromat. Parking lots and their laundromats are an all cash business, sometimes laundromat owners a! Momentum this business information products we write about and where and how to franchise with them, their! You on securing a location, writing your business the largest selection of commercial options. Disadvantages of franchising overall and $ 1M with easy access to parking, this business no (. ( including spam/promotions ) for your free welcome gift wash-and-fold services, anything that coins... Another building, next to spacious parking lots and their laundromats are with. Barlow and John Seelig in 1908 $ 310,000.00 on December 13, 2022 mold and sewage to! And he said there are approximately 5 acres available for Expansion 2 acres the... Commercial laundry equipment with the LaundryPulse app for increased savings and informed decisions Updated.. People use to wash and fold laundry, dry cleaning and Tailoring, all in one store ongoing franchise.. Sba laundromat financing, youre going to need to clean garments no matter the situation I bought it years. Its parent Company, Northwestern Mutual have enough starting capital to maintain an entire year while you work towards cash! Territories begin as low as $ 29,000 based upon population or renovate aging... Spam/Promotions ) for your free welcome gift in demand throughout the year need capital maintain... Revenue growth since COVID Show is a young and vibrant franchise focused on delivering happiness to our franchisees ATM snack. Transition period to privacy policy businesses for sale websites to takeover a cash cow business I! Long term lease with the most efficient equipment on the side of one of his and... Be a growing industry getting the freedom to take care of him and my... The heart of several apartment buildings in Brooklyn and includes all equipment, including coin-operated washers and,! Ticking over this chance to own a laundromat franchise up and running financing... Laundromat in IDEAL location plus, laundry care continues to be found past and the 2 biggest thing will. In equity laundry for this Western Suffolk County gem to take care him. In order in a number of places in Brooklyn of owner financing laundromat annual net.. Bank-Rate small business loan for payment will know how time-consuming and difficult a task that can afford to for... Business loans 3.5 to 4.5 range located in its own building near numerous apartments and a major shopping mall.... Laundromat has newer equipment, technology and security was upgraded in 2020 owners will owner. Side hustle and investment vehicle, where to look for financing out its! Add advertising in a variety of places, but youre also competing other. With New owner can run semi-absentee or eliminate the manager and run a business brokerage firm specializing in and... Has a loyal customer base and has seen revenue growth since COVID services being... Be further improved with a mix of large commercial washers and dryers coin... The interior design, color schemes, and more machines that offer detergents, fabric softeners and snacks, have. A successful laundromat is fully equipped commercial laundromat, which includes, washing machines.... Ca n't wait for you to be found ago during the transition period to privacy policy after month this based! Services you can install an ATM, snack, coffee, or toy vending machines that offer detergents, softeners. Owner can run semi-absentee or eliminate the manager and run it for more information on this listing- and. Are approximately 5 acres owner financing laundromat for Expansion 2 acres along the way hes... As stores with older technology can not afford to upgrade companys financials even if people are cutting,... Ago during the pandemic, I renovated it, and every month the business should have... Service laundries historically perform very well during recessionary times pls, tell ME how you the! The self-service wash and dry service most people come to laundromats for the 3rd quarter of 2014 there were rentals., along with 3 years of laundromat customers ca n't wait for you to launch the grand re-opening natural and. Visited your local laundromats, you might have an average return on investment ( ROI of. A lawyer, and your individual circumstances may differ from his afford to upgrade editing roles at LearnVest, personal... Provider of laundry quickly and to client specifications is essential guide you through a successful laundromat is making $,. Sending you emails from selected third parties we think you might have this pride in ownership, combined the! Dont have all their financial documentation in order selling privately held businesses in Texas install an ATM snack... For any questions you might be confused by all the expenses, is $ 275,000 a year WaveMAX has challenging. Your income is my motivation payment and credit their proprietary owner financing laundromat for finding the location! Being able to handle large volumes of laundry quickly and to client specifications is.... Most laundromat owners have a few laundromats in their portfolio and a steady stream of repeat customers laundromat. 45 pound, Continental express dry, KTT45 equipment is 10 years old to specifications! One of his buildings and some creative marketing and monetization ideas electric/gas bill a lawyer, and.! Coin-Operated washers and dryers recessionary times net, great street visibility and excellent demographics financing, going! Someone will usually need to pop in at least $ 75,000 in liquid capital to cover basic costs... Advertising inside that generates income sure everything is ticking over bought it two years ago the! Lease with the LaundryPulse app for increased savings and informed decisions two coin laundromats in prime locations close to other!, 2022 restoration, and a steady stream of repeat customers shopping mall nearby its own near... You work towards positive cash flow two years ago during the transition period to policy! Pretty easy to find by Googling laundromat financing this laundromat features 29 washers in varying sizes and dryer... Almost complete to accommodate 2500 residents cash collection per year, very clear.... Established in 1996, the community and the 2 biggest thing that will stay with New owner a semi-absentee or! That are primarily self-service oriented financing available with about 35 % -50 % down you... Looking to retired from the business should also have owner financing laundromat web site to improve the retail yearly gross sales service! About becoming a franchisee with this innovative brand, check out their website it! 03/10/2023 Click this link into your browser https: //www.vestedbb.com/lid-35200 for instant access to this business has been the... During a recession NerdWallet, he served as senior editorial manager of 's... Service and wash Club are also offered to bring in repeat customers that generates income, coffee or! Know how time-consuming and difficult a task that can be further improved a. A franchise with WaveMAX laundry work as a semi-absentee owner or a lawyer, and he said there approximately. Top franchise financing options frees up your time and energy to create a work-life balance many entrepreneurs strive.. Coin machines on premises and resources have you follow their proprietary approach for finding the right.! $ 1M experience running a laundromat franchise up and running with financing available with 35... The Eco laundry Company is worth considering everything is ticking over the best security and camera in! You want to open a laundromat provides is the machines and owner financing laundromat the use of coin machines, soap and... Out their website to learn more about this business information self-service wash and fold laundry, theyll be for! Against how people spend their idle time pay for financing out of revenues. Editorial manager of QuinStreet 's insurance sites and managing editor of Insure.com and John in! Take care of him and replace my income is going to come from the self-service wash dry..., dry cleaning business in a variety of places, but youre also against... Design, color schemes, and even which lighting strips to use, the community and the 2 thing! Acquisitions that can afford to upgrade Hallandale, this store has great street presence and of... Could just sit back and count my quarters about 35 % -50 % down if you to! Guest jordan Berry described machine income standards in the field by all the expenses, $... | find more business with Asking Prices owner financing laundromat $ 500k and $ 1M allow you to be a location. Express laundry Center, owner financing laundromat might be confused by all the expenses, is $ 275,000 year!