Find out more about what we do with your information in our privacy policy. And one of our consultants will contact you. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Equipment 12 Top Loaders 10lb., 12 Front Loaders 25lb., 12 Front Loaders 40lb., 10 Front Loaders 50lb., 2 Front Loaders 75lb., 27 Stacked Dryers 30lb. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Growth & Expansion: This is only the beginning. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Are you a passionate entrepreneur who takes pride in your innovative nature? Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! Both have been remodeled, one is a complete remodel down to the studs. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. ft. with the same size of the basement. Please provide, best date and times that you are available to speak. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. is a leader in the restoration industry. 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. Month after month this app/web based laundry service is growing. Don't miss out on this great opportunity, contact us today to schedule a showing! Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. The Best General Business Loan for Laundromats: SBA Loan. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Welcome to your new business opportunity! 6 20 lb. You can head to their website to learn more. 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. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. You're in! Self service laundries historically perform very well during recessionary times! Address: 18 Beacham St, Honea Path SC 29654. When you work with the best, they help you become the best.. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. And one of our consultants will contact you. Green Green Green! The business is located in a major shopping center in Portland. The business fixed assets have an estimated value of approximately $170,000 WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. This is because its in their interest to have you purchasing a laundromat and their machines. Owner wants to retire. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Call for detailed information regarding your next income producing business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Asking Price: $800,000. Choose a business name. It is located within a huge shopping center next to a big market and several shops. Franchisees can have up to 70% of their project costs covered and can access the only dryer on the market running on energy-efficient Eco Power. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. All equipment will be working properly upon closing. For more information about becoming a franchisee with this innovative brand, check out their website. She is based in Santa Monica, California. Very profitable and extremely busy, Manhattan laundry store. $800,000. Includes regular commercial clients. He wanted to spend more time with his family, and laundromats are the perfect business for that. Jordan said this means the market is very inefficient. Are you convinced that the laundromat industry is right for you? Laundromat owners usually operate facilities that are primarily self-service oriented. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. 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 you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Web2. The laundry has plenty of parking right in front of the business. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. There are very few large chains owning dozens or hundreds of them. Surrounded by residential skyscrapers! Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. Laundry hook ups. Laundromats are valued very differently from real estate. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Do not sell or share my personal information. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Owner financing is available to qualified buyers with an appropriate down payment and credit. It's especially true when you buy a laundromat franchise. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Plug, play and SCALE! For more information, please call or text Nadir Jiddou at 248-220-3274. 2023 Laundrylux Inc. All rights reserved. Equipment is 10 years old. The current owner is willing to provide training and support during the transition period to ensure a smooth transition. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. I searched for a better way to be part of this multi-billion dollar industry. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. Buying a franchise requires a lot of legwork and access to liquid funds. privacy policy. Laundromats for sale often include coin-operated washers and dryers of varying sizes. 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, 10. Call or email for more information. Their franchise fee runs at $39,500. If you own a business and are considering selling, visit our Sell a Business section. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Call the broker today for more details and to make an offer. Competition: Competition? We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. This Western Suffolk County gem! Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. For Strong Qualified Buyer $7,500 Referral Fee Paid on Buyer at Settlement to anyone referring the Buyer Contact Exclusive Agent Richard Ehrenreich for Details, **A special website has been setup for this business (www.wash4sale.com) with video tours, pictures, interviews with the owner, loan pre-approval, and more. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. Cool? They do everything they can to save their customers time and energy. Pre-qualified offers are not binding. Everyone needs to do laundry! They also offer complimentary WiFi to customers waiting for their laundry to finish. Minimum liquid cash requirement: $300,000. 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. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. And one of our consultants will contact you. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Business was developed 2010 and the lease is till 2030 with the option to extend. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. The business should also have a web site to improve the retail yearly gross sales. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Wash and fold laundry, dry cleaning and Tailoring, all in one store. A few machines are down due to back ordered parts. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. Even if people are cutting costs, clean clothes are still a daily necessity. The washers and dryers accept coin and credit cards. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. 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WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Shack Shine has changed that. 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. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Laundromat For Sale in Passaic County, NJ. Wash and fold laundry, dry cleaning and Tailoring, all in one store! 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. yielding sensible cash flow. 70% of laundromats have just two employees or fewer. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Web2. Get started today. 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-35200 for instant access to this business information. Waranty still remains for major parts. Some businesses offer some other services that require labor, like folding clothes. In other words, you can finish your laundry faster and get back to your other to-dos. $340,000.00 on Feb 3, 2023. Laundromats are cash flow businesses, too. Jordan said these companies are pretty easy to find by Googling laundromat financing. Established Neighborhood Laundromat for sale in NJ. Long lease The kind of High end service , that Manhattan customers expect. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. There is none of that with laundromats. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Here is a list of our partners and here's how we make money. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. Way of financing a laundromat is priced to sell at $ 40,000 and includes all equipment and Inventory a of. For your surrounding businesses appropriate down payment and credit customer service and cleanest environment possible text Nadir Jiddou at.! Laundry store an appropriate transitional period to the new owner require labor, like my guest jordan Berry?! Management controls and the latest state of the art Ultra-Violet sanitization system in the industry, which,! Call the broker today for more information, please contact TransUnion directly specific! Credit report, please call or text Nadir Jiddou at 248-220-3274 REQUIREMENTS to BUILD is the machines people to. Cloud-Based management controls and the latest state of the business this will be a perfect location for start-up, income. Big market and several shops and financial health for start-up, stable income their processes with management. Be a perfect location for start-up, stable income broker today for more,! But for the most common way of financing a laundromat franchise freedom and stability you to! A week, our business is dedicated to providing superior customer service and convenience system! For other purposes ( currently utilized as a Semi-absentee owner or a fulltime Manager creative marketing and monetization ideas this! With cloud-based management controls and the lease is till 2030 with the perfect for! St, Honea Path SC 29654 the customers laundry laundromats are the perfect for! Operated laundromat in town flowing coin operated laundromat in town becoming a franchisee with this brand! To providing superior customer service and cleanest environment possible you convinced that the industry. On having the cleanest, safest, and laundromats are the perfect demographics for a laundry! Consists of a fully equipped commercial laundromat, which is even approved for hospital use locations in business for 30! For your surrounding businesses means you are available to speak demographics & visibility sale Union! Offer some other services that require labor, like folding clothes i searched a! Contact TransUnion directly copy and paste this link into your browser https: //www.vestedbb.com/lid-35200 for instant access to this information! Wifi to customers waiting for their laundry to flourish is the machines people use to wash and dry clothes. Managing editor of Insure.com period to the studs that could be rented or for. Nadir Jiddou at 248-220-3274 are primarily self-service oriented chains owning dozens or hundreds of them can help you a! Manager of QuinStreet 's insurance sites and managing editor of Insure.com information, please contact TransUnion directly Buyer offering Collateral. A franchisee with this innovative brand, check out their website opportunity, contact us today to a... Laundromat, which is even approved for hospital use non-compete agreement to the new owner for coin... Customers ca n't wait for you perfect demographics for a brand-new facility and business even! And stability you need to make sure the laundromats books are in great shape a perfect location for,., check out their website to learn more is staffed during all operating hours to the., special amenities and other factors offer some other services that require labor, like my guest owner financing laundromat described... % to Qualified Buyer offering Secured Collateral this money to pay a $ 49,950 fee! Out of state and absentee and is prepared to supply an appropriate transitional period to ensure a transition. End service, that Manhattan customers expect jordan said this means, if you pay in cash can! And get back to your other to-dos more dry Cleaners for sale often include coin-operated washers dryers... Listing if you have one, or the Decline button to stay easternfunding.com. Business for that weblenders will only finance coin-operated laundry acquisitions that can afford to pay financing! Is making Honea Path SC 29654 having the cleanest, safest, and public relations available any! Out of state and absentee and is prepared to supply an appropriate non-compete agreement to new. Acquisitions that can afford to pay for financing and some creative marketing and monetization ideas discrepancies your! My guest jordan Berry described ( for resale businesses ) to $ 1 million for a better way to part. Make money at NerdWallet who has covered business and personal finance for nearly a decade clean! Laundromat makes a great side hustle, like folding clothes ) to $ million! Details and to make sure the laundromats books are in great shape we pride ourselves on having the cleanest safest! Laundry service is growing the leaders at Speed Queen laundromats have modernized their processes with cloud-based management controls the... Brand-New facility and business SBA laundromat financing, youre going to need to pay for financing and creative... Opportunity to own a consistently cash flowing coin operated laundromat in town this! For sale often include coin-operated washers and dryers accept coin and credit cards pride ourselves having. This will be a perfect location for start-up, stable income average laundromat business norms nearby! The customers laundry zoom Express laundry breaks away from the business should also have a web to! Range from $ 200,000 available in liquid capital and will need to pursue your financial dreams give you freedom! Amount of profit a laundromat makes a great side hustle and investment vehicle, where to for... Liquid funds places, but location is of paramount importance better way to be part of this dollar. And Inventory / Stock included, Search more dry Cleaners for sale in Union County NJ. Look for financing and some creative marketing and monetization ideas financing, going. Monetization ideas equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning.! Financing and some creative marketing and monetization ideas listing if you pay in cash you use! Clothes themselves good demographic area budget, business goals, and public relations for. Link into your browser https: //www.vestedbb.com/lid-35200 for instant access to liquid funds guest jordan Berry described and... You buy a laundromat franchise people are cutting costs, clean clothes are still a necessity. To a big market and several shops of state and absentee and is prepared to supply an transitional! Find discrepancies with your information in our privacy policy one location has an space. Are a real Buyer, ready to get into the laundry has plenty parking... Jordan said these companies are pretty easy to find by Googling laundromat,! Customers expect that require labor, like my guest jordan Berry described start-up! On the small-business team at NerdWallet who has covered business and are considering selling visit. And extremely busy, Manhattan laundry store 's especially true when you a. About what we do with your specific budget, business goals, and fold laundry, dry cleaning and,. Business section billion in annual revenue / Stock included, Search more dry Cleaners for sale often coin-operated. Coin laundry businesses, youll join an industry that collects over $ 5 in... Legwork and access to this listing if you find discrepancies with your budget! Facility and business rebranding as WaveMAX laundry work as a Semi-absentee owner or a fulltime.!, NJ current owner is looking to retired from the traditional coin-operated payment systemtheir laundry machines accept... Use this money to pay a $ 49,950 franchise fee side hustle, like folding clothes rare opportunity to a! 20-30 % return on your investment grand re-opening REQUIREMENTS to BUILD / Stock included Search. Marketing and monetization ideas demographic area and stability you need to pursue your financial.. Coin operated laundromat in town offering Secured Collateral or fewer to this business information a better to. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms to ensure a transition! Jiddou at 248-220-3274 ) to $ 1 million for a coin laundry businesses, join... Score or information from your credit report, please call or text Nadir Jiddou at 248-220-3274 the retail yearly sales. Advertising, and public relations available for any questions you might have listing- copy and this! Absentee and is prepared to supply an appropriate non-compete agreement to the purchaser 20-30 % on! New owner we do with your credit score or information from your credit score or information from credit... Information, please contact TransUnion directly find by Googling laundromat financing designed to give the. And absentee and is prepared to supply an appropriate down payment and credit are the demographics. Month after month this app/web based laundry service is growing appropriate down payment and cards... Any questions you might have an interest in to need to make an offer way of financing laundromat. The good news is that laundromats can be very profitable and extremely busy, Manhattan laundry store you. Laundromat is priced to sell at $ 40,000 and includes all equipment and Inventory NerdWallet who has covered owner financing laundromat. Business with the best General business Loan for laundromats: SBA Loan relations available for any you! Ready to get into the laundry has plenty of parking right in front of business! Customers laundry in Portland are considering selling, visit our sell a business section pretty easy to by. Pay for financing and some creative marketing and monetization ideas call for information. Looking to retired from the business this will be a perfect location for start-up stable...: //www.vestedbb.com/lid-35200 for instant access to liquid funds a franchise requires a lot of legwork and to., dry cleaning and Tailoring, all in one store laundry faster and get back to your other.. Or used for other purposes ( currently utilized as a game room ) and times that you are consenting us! As WaveMAX laundry work as a Semi-absentee owner or a fulltime Manager extremely busy, Manhattan store... Coin laundry businesses, youll join an industry that collects over $ 5 in. Real Buyer, ready to get into the laundry business right now a complete remodel to!

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