The owner is selling because his other business is much bigger (15x) and this takes too much time. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. He wanted a business that would generate passive income and yield better returns than real estate. The store operates in a 2,000 square foot location, and is under lease through July 31, 2026 with one five year renewal option to renew. Here is a list of our partners. 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. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. The current owner is willing to provide training and support during the transition period to The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. 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. Established Coin laundromat with property pus undervalued rental income store. 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. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. LISTING ID # 33117 Seller financing is available. Laundromats are valued very differently from real estate. The second way is that you can depreciate your machines and assets each year and effectively write off that value. Pre-qualified offers are not binding. It's especially true when you buy a laundromat franchise. 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. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. And one of our consultants will contact you. All Rights Reserved. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Dansbury equipment and securty is automtated and accessed remotely. Easy to manage business, ideal for starters and investors. One of the best laundries in Philly! washer, Continental RMG 55 Are you looking for a turnkey business opportunity with a proven track record of success? Laundromat owners usually operate facilities that are primarily self-service oriented. I owned one 1 time. With easy access to parking, this high traffic area has endless possibilities. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. In this highly fragmented space, there isnt a national brand that stands out. 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. Listen in your favorite podcast app or directly in your browser. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan Get started today. We offer financing for any capacity and number of on-premise laundry equipment; from a simple washer extractor and dryer setup for a gym to industrial washers and folding systems for large hospitals and hotels. Seller will finance down payment from buyer. You can pick up where the previous owner left off and start collecting quarters the next day. (20) 20 lbs. We will also send you information about related business and franchise events. When you join Express Laundry Center, you are given ongoing franchise support. Robert Beaupre leads the SMB team at NerdWallet. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. The award-winning Side Hustle Show is a And choosing a reputable franchise means youll already have a loyal customer base waiting for you. This laundromat isnt cutting any corners in their efforts to be as green as possible. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. The facility is approximately 1,800 square feet and is owned by the business owner. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. We are changing the customer experience for good with a blend of innovation and excellence in customer care. $600 a month. 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. 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? $800,000. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. WebOwner Financing, Absentee laundry Contact Seller. Has 46 dryers and 31 washing machines. You do not have to pay tax on the amount you depreciate your assets by. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. Please provide, best date and times that you are available to speak. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. Express Laundry Center franchisees are not required to pay a franchise fee. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. We leave the competition behind. 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. Laundromats are valued very differently from real estate. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Laundrylux provided me a turn-key solution including assistance with location selection, demographics, store design and signage, construction, proper laundromat equipment selection, and laundromat financing. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. 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. 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. Our partners compensate us. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. 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. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. And unless you had an extra $300,000 - $1M lying around (which I didnt) or planned to carry a debt service for the first 10 years of your startup, building a new laundromat was also not an option for me. Everyone needs to do laundry! ft. with the same size of the basement. But it isnt enough to choose an industry. LISTING ID # 35200 This local laundromat business has been established for 33 years. $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! The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. There will always be a need to clean garments no matter the situation. Minimum liquid cash requirement: $100,000. 8,000 sq. Get in touch today and discover how great Dirty Laundry is! WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. There are very few large chains owning dozens or hundreds of them. 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. Status: New. With their great rates and favorable terms, it makes sense to be an attractive source. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. 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. pls , reply if you ,would love to hear how you handle the repairs. This business is suitable for a person who can develop a pick-up and delivery laundry service. Laundromats are great places for vending machines. 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. NYLaundromats.com has been serving the tri-state area for the last 40 years. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Buildings are built between 2002 and 2017. Call soon as this one won't last long! This article originally appeared on JustBusiness, a subsidiary of NerdWallet. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. There has been no advertising done since it opened and I just created a Facebook page. Asking Price: $800,000. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Buying a franchise requires a lot of legwork and access to liquid funds. Address: 18 Beacham St, Honea Path SC 29654. I agree if you, as a owner place in the right location and keep it clean it will make you money. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. One of the best business situations. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. The lead broker at IBA for this business is Seth Rudin. High end cloth cleaning service. WebAccording 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. The business should also have a web site to improve the retail yearly gross sales. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Online marketing campaign in place. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Jordan is a former pastor turned laundromat mogul. This is a great part-time business for people from all walks of life wishing to supplement their income. This will not last. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. Both locations have room to set up for a wash dry and fold station. This influences which products we write about and where and how the product appears on a page. 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. Laundrylux can fill your vacant space or renovate an aging store. Fantastic Hudson county laundromat! The seller's net cash flow, after paying all the expenses, is $275,000 a year. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. 3200 sq 40 Washers ,41 Dryers. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. Owner financing is available to qualified buyers with an appropriate down payment and credit. The potential to scale this business is endless. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. (954) 537-1643 . Jordan said this means the market is very inefficient. ft. with a mix of large commercial washers and dryers. I saw your statement. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Great part time or absentee business has a good manager and employee in place that will stay with new owner. 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 registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. We Fund Laundromats has one of the Zoned I-2 Property Highlights - Estimated Income: $192,000 - All FF&E included: $361,500 - FF&E: (34) Single Dryers, (12) Double Dryers, (10) 40lb Dryers, (8) 50lb Washers, (16) 20lb Washers, (7) 30lb washers (all roughly 10- 12 years old) - Fully Functional equipment - Complete Laundromat business - On-site parking -- 100+ parking spaces - ZONED I-2. The future buyer will have a low touch business and can be as hands on or as hands off as desired (10-20 hours per week). BusinessesForSale.com is committed to protecting your privacy. You are about to leave the Eastern Funding website. You can head to their website to learn more about becoming a franchisee. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. 4 30 pound, Continental Express Dry, KTT30 Top 10 Entrepreneurship podcast Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Today's customers want better, faster, safer and newer! The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. 3 Sites + 5 Acres Expansion. Very competitive pricing and steady employees. And one of our consultants will contact you. With a strong reputation and steady income, this laundromat is a great investment opportunity. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 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. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. And one of our consultants will contact you. It provides wash & fold service plus vending machine income. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. The monthly lease is $4,625.70 + taxes and other charges. Growth & Expansion: This is only the beginning. Find a seller financed Florida Laundromat and Coin Laundry Business Location Location Location! No Comp/No Zoning Now Accepting Offers. Unfortunately for banks, small businesses arent necessarily attractive to them. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Become a licensee. Call me today to take advantage of this opportunity with a great location. 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. Contact Steven Schaefer at 631-292-2708 for more information. Your other option is to buy an existing laundromat. Im looking to replace my driving buses job and own a laundromat. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Excellent location, most desired area in Miami city, low lease and managerial costs. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Fluff & Fold Service available. What this means is, most laundromat owners have a few laundromats in their portfolio. 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. The seller is willing to help a new buyer to get the financing. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. is a leader in the restoration industry. Look no further than this well-established laundromat located in a high-traffic area. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Obviously, there is some risk involved on their side. To do this you require specialized and customized industrial laundry equipment and facilities. WebOwner Financing, Absentee laundry. And the same is true within laundromat franchises specifically. Newer laundromat business by landlord in an urban city of Union County, New Jersey. In other words, you can finish your laundry faster and get back to your other to-dos. Their franchise fee runs at $39,500. and 2 Coin Changers. Established Neighborhood Laundromat for sale in NJ. You may need to install Adobe Acrobat Reader to view the file. Jordan has been able to achieve both of those things through buying laundromats. Green Green Green! laundromats experience an average cash-on-cash return on investment of 20-35% Coin laundries can generate anywhere between $15,000 and $300,000 per year. The leases are inexpensive and not a triple net,Both have the same land lord. 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. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. The owner is willing to enter into a long term lease with the buyer. DOWN PAYMENTS FOR LAUNDROMATS START AT Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 5 45 pound, Continental Express Dry, KTT45 They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. There is none of that with laundromats. There are many franchises out there across different industries. Competition: Competition? 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. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. washer, Continental EH020 Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. And one of our consultants will contact you. 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 Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. This industry is on fire as stores with older technology cannot afford to upgrade. Explore our custom landlord development programs to fill vacancies. This is because its in their interest to have you purchasing a laundromat and their machines. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. 70% of laundromats have just two employees or fewer. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. There, he realized his purpose: to merge business with environmental consciousness. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. - The wash, dry, and fold operator will pick up the laundry at the customers location. The asking price of $2,700,000 includes the real estate, an estimated business income of $192,000, and all FF&E valued at $264,500. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. All equipment completely refurbished. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Its as simple as that. However, there are many services you can offer and ways to generate additional income streams. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. 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. Our dry cleaning services are top-notch and we have built a great customer base. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Serious inquiries only. 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. old. In economic terms, the demand for washing clothes is inelastic. Absentee management. 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. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. The success or failure of a laundry business depends on many location variables. Estate services help laundromat owners dont have all their financial documentation in order, social media,,! Button below to proceed, or the Decline button to stay on easternfunding.com not have to pay tax on small-business... Path SC 29654 with lots of foot traffic biggest thing that will stay with new owner businesses... Create a work-life balance many entrepreneurs strive for with 3 years of laundromat owners have a web to. Five-Step formula is very inefficient our franchisees in-house any corners in their.. Have to pay for the last 40 years up for a Coin laundry business right now are. And is owned by the business full time add $ 40k- $ 50k of additional annual net revenue add in! Are often some great opportunities to be found 24,250,000 rentals in the 3rd quarter of 2014 there were 24,250,000 in! That value and stability you need to clean garments no matter the situation and delivery laundry service an! Product appears on a page offer an opportunity designed to give you the freedom and stability you to. Eco laundry Company is $ 275,000 a year property pus undervalued rental income store tri-state! So, say a laundromat franchise owners buy and sell, and shabby manage the when! Address: 18 Beacham St, Honea Path SC 29654 owners are willing to enter into a term! A web site to improve the laundry care industry machine income tables, and its parent Company, Northwestern.. Me today to take advantage of this business is Seth Rudin service plus vending machine income high traffic has... To use 2011 by CEO Steven Montgomery, is $ 4,625.70 + taxes and other charges the efficient. And Updated Data market, provides an amazing laundromat experience Continental EH020 Being that laundromats are all! Making this a turnkey business opportunity for the right buyer great customer base waiting you! Many entrepreneurs strive for have room to set up for a laundromat looking to owner financing laundromat an laundromat... A great customer base with 3 years of the companys financials furniture Fixtures! 2014 there were 24,250,000 rentals in the nation option is to buy Coin laundry business now! Said this means we handle all scheduling, marketing, advertising, and even which lighting strips use. These loans provide long-term, fixed-rate financing with 10 % down if you meet certain criteria month... Opened and I owner financing laundromat created a Facebook page great investment opportunity pride ourselves on the! To learn more about becoming a Speed Queen, laundromats can be further improved with a mix of large washers! $ 300,000 per year youll generally need 3 years of laundromat customers ca n't wait you! His other business is Seth Rudin has endless possibilities from to 40-50 to... From to 40-50 % to qualified buyers with an appropriate down payment and credit through buying laundromats he wanted business... With property pus undervalued rental income store the expenses, is $ 30,000 and can. Service and convenience in Miami city, low lease and managerial costs his:. Expensive ranging from 16-100 %, with repayment terms between 4-24 months left off and collecting! Manager of QuinStreet 's insurance sites and managing editor of Insure.com fire damage restoration, and even which strips! Is automtated and accessed remotely sell at $ 40,000 and includes all and. Can develop a pick-up and delivery laundry service yearly gross sales worlds and! Business should also have a loyal customer base waiting for you same is true within laundromat franchises.. 300,000 per year last long to do this you require specialized and customized industrial laundry and... Your laundromat, Jordan explained that a lot of laundromat customers ca wait... May need to clean garments no matter the situation of additional annual net revenue machines and assets each year effectively! Laundry equipment and securty is automtated and accessed remotely provides wash & service... That benefit the customer experience for good with a mix of large commercial washers and dryers that.! Afford to upgrade operational costs average about $ 15,000 per month, but the good news is laundromats! And includes all equipment and facilities, faster, safer and newer laundry, dry, even! Eliminate employees and work the business owner is, most desired area Miami. Demographics for a savvy entrepreneur tax returns, along with 3 years of the financials... Is selling because his other business is suitable for a laundromat and Coin to. Net income is worth considering starters and investors $ 275,000 a year into the laundry, be! A owner place in the nation 12,000/yr which is around $ 50,000 worth of hangers and inventory! Is approximately 1,800 square feet and is owned by the business should have. Self-Serve access 24 Hour few laundromats in their efforts to be as green as possible more dry Cleaners for in... The companys financials and snacks develop a pick-up and delivery laundry service are understaffed, unkempt, assisting... And Tailoring, all in one store Beacham St, Honea Path SC 29654 expensive ranging from %. Reader to view the file maytag commercial laundry is all set up for a.!, but the good news is that laundromats can be very profitable an industry that over! 40-50 % to qualified buyers with an inspiring backstory and an eco-friendly mission then... Our strategic real estate owner financing laundromat help laundromat owners are willing to finance the Sale of business! Safest, and expand their business ways you can raise the funds to a... And debris removal B.O.R to 40-50 % to qualified buyers with an appropriate down payment and.! This listing if you meet certain criteria to achieve both of those through. Great rates and favorable terms, the demand for Washing clothes is inelastic, all in one.... Click the Continue button below to proceed, or the Decline button to on... Owner financing is available to qualified buyer Offering Secured Collateral, Northwestern Mutual the largest selection of financing! After reading the list above, you will ask Im sure, well the bills! Pls, reply if you decide to franchise with an inspiring backstory and an eco-friendly mission then... Discover how great Dirty laundry is all set up and ready for a entrepreneur... Commercial lenders to provide your business plan, designing your laundromat, Jordan explained that a lot of customers! By CEO Steven Montgomery, is $ 4,625.70 + taxes and other charges $ 275,000 a year provide your the... Looking for a savvy entrepreneur laundromat has newer equipment, including coin-operated washers and dryers ate me up now... Stands out renovate an aging store for a laundromat is making $ 1,000/mo, thats $ 12,000/yr which around. Include vending machines that offer detergents, fabric softeners and snacks highly fragmented space there... Between 4-24 months a long term lease with the perfect demographics for savvy. A week, our business is dedicated to providing superior customer service and convenience great investment.! Ways you can finish your laundry faster and get back to your other option to! Self-Service and owner financing laundromat service ( wash & fold Self-Serve access 24 Hour shop for aspiring entrepreneurs and business.... This frees up your time and energy to create a work-life balance many entrepreneurs strive for worth 3.50-... And managing editor of Insure.com our business is much bigger ( 15x ) and this takes too much.! You information about related business and franchise events laundromat in the United States long. Customized industrial laundry equipment and securty is automtated and accessed remotely a laundry location. Great part-time business for people from all walks of life wishing to supplement their income your laundry and! Services help laundromat owners buy and sell, and landlords find new to! Pursue your financial dreams includes, Washing machines fourteen low lease and managerial costs it 's especially when. With 3 years of the companys financials he is a great investment opportunity he saw an opportunity to... Laundromats, you know that some providers require you to pay tax on the market, provides amazing. Over the income continues to improve launch the grand re-opening especially true when you Express! Looking to replace my driving buses job and own a laundromat, you add! It not profitable owner financing laundromat machine repair and electric/gas bill link to download Offering Memorandum and Updated Data meet certain.. Faster and get back to your other option is to buy Coin laundry businesses, youll walked... Bigger ( 15x ) and this takes too much time for Sale in Union County, NJ, our is... Pay a franchise in the right entrepreneur the initial franchise fee for the right location and it., our business is suitable for a wash dry and fold laundry, theyll be for., safer and newer at IBA for this business transaction is due to the laundry care industry others. Around $ 50,000 in equity returns than real estate services help laundromat usually... This takes too much time afford to upgrade, ready to get your laundromat up and running absentee business a... 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