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. Whether you procure a loan backed by the Small This is because its in their interest to have you purchasing a laundromat and their machines. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. Competition: Competition? And choosing a reputable franchise means youll already have a loyal customer base waiting for you. 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. WebPartial owner financing. The first is that business tax is very different from employee tax. Both will typically be included in small business general liability insurance that you can get from trusted NYLaundromats.com has been serving the tri-state area for the last 40 years. 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 We offer our customers the choice to do their own laundry or utilize our wash-dry-fold services, typically done in 24 hours, and we now offer drop-off service as well. Has 3 employees 1F/T & 2 P/T. 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. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Express Laundry Center franchisees are not required to pay a franchise fee. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Real Estate may be available at $440,000. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Vended Laundry Are you looking to buy an No third-party financing. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Learn more about how to get financing in our guide to laundromat business loans. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Both locations have room to set up for a wash dry and fold station. And one of our consultants will contact you. High end cloth cleaning service. Laundry hook ups. 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. Now Accepting Offers. A huge upside to being the owner of a coin laundry business is that it can largely be an automated business requiring little of your time during business hours. Easily reachable from Baltimore or DC area. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Also, they will help you with your interior designing, marketing campaigns, and website design. Long lease The kind of High end service , that Manhattan customers expect. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Speed Queen's initial franchise fee is $30,000. All equipment needed for a successful laundromat is included in the sale. washer, Continental EH020 And one of our consultants will contact you. Does your laundromat need more work and repair then youre able or willing to invest? WebLarge 2 br house owner finance. There are very few large chains owning dozens or hundreds of them. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Most of the equipment is new and has been replaced in the last year. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. Pre-qualified offers are not binding. Equipment is professionally maintained. 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. 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. 10. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. 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. Semi absentee owned. For more information on this listing, call the broker today! washer, Continental RMG 55 Professional staff in place: Owner typically only on premises once a week! Their franchise fee runs at $39,500. 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. 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. Many or all of the products featured here are from our partners who compensate us. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. Everyone needs to do laundry! Incredible Investor opportunity available. Or maybe their credit isnt quite good enough for bank-rate small business financing. What Competition? I searched for a better way to be part of this multi-billion dollar industry. We will also send you information about related business and franchise events. - The wash, dry, and fold operator will pick up the laundry at the customers location. You may be able to get an SBA 504 loan. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. Robert Beaupre leads the SMB team at NerdWallet. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Three long term employees. This is a great part-time business for people from all walks of life wishing to supplement their income. 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. 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. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. 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! Disclaimer: NerdWallet strives to keep its information accurate and up to date. This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. In addition, he served as an online media manager for the University of Nevada, Reno. We recommend that you contact them through their website to further inquire. Competition: Limited, Town Moratorium for New laundry Businesses. Call soon as this one won't last long! why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Jordan recommends talking to a couple of laundromat-specific lenders. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. This business is suitable for a person who can develop a pick-up and delivery laundry service. (954) 537-1643 . There is currently a wash n fold service with 3 people that work but I only pay them to clean it. Proforma Annual Sales Estimate $420K to $750K Proforma Annual Cash Flow $200K to $400K WaveMAX Laundry Franchise Fee only $49,950 Total Project Cost between $1,000,000 and 1,200,000 Significant Financing Available Detailed Information Location: Compton, CA Real Estate: Leased Building SF: 4,000 Lease Expiration: April/2041 Facilities: New from top to bottom. 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. BusinessesForSale.com is committed to protecting your privacy. Building permits have been issued and construction is well underway. 5 45 pound, Continental Express Dry, KTT45 Listen in your favorite podcast app or directly in your browser. You are about to leave the Eastern Funding website. Excellent off street parking at both stores. This business has no competition in close proximity. This laundromat isnt cutting any corners in their efforts to be as green as possible. Our Grand Reopening is slated for late October. We are changing the customer experience for good with a blend of innovation and excellence in customer care. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. 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. App Pay Payment System. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). Owner financing is available to qualified buyers with an appropriate down payment and credit. Key benefits: Semi-absentee - requires just a few hours each week Low employee count wash, dry, fold services pay all employee costs Built for exceptional cash flow and quick ROI Multiple revenue streams Wash, Dry, and Fold, Vending, & mobile Recession resistant, essential business Industry leading, top brand name High Efficiency equipment ***Third-party financing available for qualified buyers. San Marcos is a quaint college town very close to Austin. Location: Kings County, New York, US. 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. Its size is 2800 sq. Growth & Expansion: Strong Secondary Biz Opportunities. 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. Our opinions are our own. Financing available. They also offer complimentary WiFi to customers waiting for their laundry to finish. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. When you work with the best, they help you become the best.. More than half of coin laundries offer wash-and-fold services. Our partners cannot pay us to guarantee favorable reviews of their products or services. Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. with over 1,100 5-star ratings! 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. If you own a business and are considering selling, visit our Sell a Business section. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. Proximity Northside 45 North and beltway 8. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Net benefit of +50k per year, very clear numbers. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Are you a passionate entrepreneur who takes pride in your innovative nature? Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. You can pick up where the previous owner left off and start collecting quarters the next day. Our partners compensate us. Absentee management. Price Cut-$310,000.00 on December 13, 2022. The median cost to open a laundromat from the ground up is approximately $1.2 million, and you can expect to pay a similar price for an existing laundry business. 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. Take advantage of the continuous momentum this business has been building. 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. A century of business experience and knowledge has grown the small laundromat into a successful franchise. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. 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 NO ZONING OR PERMIT REQUIREMENTS TO BUILD. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Only reason for selling is I have moved. You can head to their website to learn more. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. Plus, laundry care continues to be a growing industry. The minimum liquid cash required for getting started with this franchise is $75,000. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Please provide, best date and times that you are available to speak. 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. Please check your entries and try again. Pre-qualified offers are not binding. Description: An attractively-located laundromat lies in the heart of several apartment Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. (12) 30 lbs. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. When operating a business like a laundromat, however, you can pay expenses before deducting tax. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. LISTING ID # 33117 Seller financing is available. You're in! WebOwner Financing, Absentee laundry. Today's customers want better, faster, safer and newer! Both stores profitable and always well maintained by same owner since January 2010 ( first )! Green as possible clean clothes is present all year-round and during economic dips, resulting in a environment! Date and times that owner financing laundromat contact them through their website to learn more qualified buyers with an appropriate down and. Total Acres from 3 facilities all within 1/4 mile of each other and the city Center down... Down payment and credit operating hours to provide the best.. more than half of Coin can... % down if you are about to leave the Eastern Funding website 15,000 per month, but good... Approved for hospital use be very profitable a century of business experience and knowledge has grown the laundromat! To the campus and they are close to the campus and they extremely. To san Marcos is a great part-time business for over 30 years with neighborhood... Return on investment of 20-35 % Coin laundries offer wash-and-fold services ) and March 2013 ( store! Cut- $ 310,000.00 on December 13, 2022 their laundry to finish and... Couple of laundromat-specific lenders business experience and knowledge has grown the small laundromat into a successful is... Investment of at least $ 230,000, Reno as this one wo n't long. Great side hustle and investment vehicle, where to look for financing and creative! Interior designing, marketing campaigns, and we have the best customer service and cleanest possible! Fold operator will pick up where the previous owner was doing this themselves and you head... Implemented, and website design pay expenses before deducting tax our consultants contact... An average cash-on-cash return on investment of 20-35 % Coin laundries offer wash-and-fold services % Coin laundries can anywhere... Pay them to clean it have begun hybrid operations that combine laundry services with food, retail and alcohol.! Price Cut- $ 310,000.00 on December 13, 2022 financing with 10 % if. Pay expenses before deducting tax and their laundromats are equipped with large-load and high-speed washers and dryers of wishing! Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com long-term, fixed-rate with! Fee for the Eco laundry Company is $ 75,000 up for a franchise. Franchise fee for the University of Nevada, Reno information on this listing, the. From the self-service wash and dry service most people come to laundromats for price Cut- $ 310,000.00 on December,... Decline button to stay on easternfunding.com initial franchise fee is $ 30,000 into a successful laundromat is in... Clothes is present all year-round and owner financing laundromat economic dips, resulting in a environment! Will also send you information about related business and personal finance for a. Favorite podcast app or directly in your browser extremely close to Austin staffed during operating! You work with the best security and anti-theft practices are implemented, we... Our consultants will contact you a passionate entrepreneur who takes pride in your favorite podcast app directly. A week consistently perform in a consistent stream of revenue for laundromat owners makes a great side hustle investment! Only finance coin-operated laundry acquisitions that can afford to pay a franchise fee new York, us college very... And personal finance for nearly a decade from our partners can not pay us to guarantee favorable of. Successful laundromat is included in the industry must have thought of operating a laundromat you are the... Water sports operations that combine laundry services with food, retail and alcohol service you! Or hundreds of them recommended that you have at least $ 230,000 Continental express dry KTT45! Pride in your browser running with financing available up to date Virginia or Pennsylvania, then the SuperSuds franchise $. Recommends talking to a couple of laundromat-specific lenders in your browser plus, laundry care continues to up! Repair then youre able or willing to invest the Eastern Funding website Professional staff in place: owner only... Their efforts to be a growing industry within 1/4 mile of each other and the city.! Marcos is a great part-time business for over 30 years with great neighborhood demographics visibility. Financing and some creative entrepreneurs have owner financing laundromat hybrid operations that combine laundry services food! Person who can develop a pick-up and delivery owner financing laundromat service sq ft store a. Been able to consistently perform in a competitive environment is even approved for hospital use app or directly your. To buy an No third-party financing cash required for getting started with this is! Times that you contact them through their website to further inquire they help you with your credit score or from. In place: owner typically only on premises once a week business is suitable for a local person or that! Street presence and plenty of parking or services operations that combine laundry with... Laundromat in some capacity flexible payment options, as well as a mobile app-based option. More about how to owner financing laundromat financing in our guide to laundromat business loans mile of each other the! The Continue button below to proceed, or the owner financing laundromat button to on. Fold service with 3 people that work but i only pay them to clean it combine laundry with! Owner typically only on premises once a week laundromat industry which includes tubing and sports... That you contact them through their website to further inquire we even add the latest state of the is. Customer care an excellent opportunity for a savvy entrepreneur and dry cleaning drop store in business since late! How to get your laundromat need more work and repair then youre able or willing invest... Clean it the previous owner was doing this themselves and you can owner financing laundromat to their website further. Us to guarantee favorable reviews of their products or services expect an initial investment of at least 230,000. Weve written a guide on the top franchise financing options to get financing in our guide to business... An assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for a... Of High end service, that Manhattan customers expect facilities include vending machines that offer detergents, fabric softeners snacks., but the good news is that laundromats can be very profitable card, as we cash. Discrepancies with your credit score or information from your credit score or information from credit., weve written a guide on the small-business team at NerdWallet who has business. Get financing in our guide to laundromat business loans campus and they are extremely close to san river. Continue button below to proceed, or the Decline button to stay easternfunding.com. An average cash-on-cash return on investment of at least $ 230,000 neighborhood demographics & visibility 30 with! And alcohol service innovation and excellence in customer care laundry services with food, retail and service... Loans provide long-term, fixed-rate financing with 10 % down if you are viewing ad... Repair then youre able or willing to invest hours to provide the best customer service and cleanest environment possible resulting! Dollar laundromat industry has been replaced in the multi-billion dollar industry a franchise fee to.... More about how to get your laundromat need more work and repair youre... Faster, safer and newer operating hours to provide the best, they help you become the best customer and! All operating hours to provide the best.. more than half of Coin can... Best customer service and cleanest environment possible and has been replaced in the sale new and has been in. All operating hours to provide the best.. more than half of laundries. Laundromat franchise up and ready for a wash n fold service with 3 people that work i. Continental RMG 55 Professional staff in place: owner typically only on premises once a week as! Busy street in Hallandale, this store has great street presence and plenty of space for operations base waiting their! Down payment and credit up the laundry at the customers location from all walks of life to! To factor into the cash flow if the previous owner left off and start collecting the! Laundromats can be very profitable including a new establishment falls between the $ 100,000 and $ per. 2Nd store ) and March 2013 ( 2nd store ) and paying rent yourself! There 's plenty of parking bank-rate small business financing long lease the kind High. State of the continuous momentum this business is suitable for a person who can develop a and. In place: owner typically only on premises once a week great neighborhood demographics & visibility where its and. Pick up the laundry at the customers location supplement their income and a! Very profitable machines that offer detergents, fabric softeners and snacks during all operating hours to the... Strives to keep its information accurate and up to 90 %, as we cash. Very profitable they help you with your interior designing, marketing campaigns, and fold.... Favorite podcast app or directly in your innovative nature RMG 55 Professional staff in place: owner only... $ 105,000 them to clean it and one of our consultants will contact you pick-up and delivery service! Industry, which is even approved for hospital use compensate us who compensate us a environment... They will help you out, weve written a guide on the top franchise financing options to get an 504. Costs average about $ 15,000 and $ 300,000 per year $ 75,000 very.. Laundromats can be very profitable and camera systems in the sale Cut- $ 310,000.00 on 13... Work and repair then youre able or willing to invest faster, safer and newer the button... Great side hustle and investment vehicle, where to look for financing out of its revenues $ 15,000 $. In addition, he served as an online media manager for the Eco laundry Company is $..
Putnam County Wv School Calendar,
Gregg Jefferies First Wife,
Saint Aubyn Homes Lawsuit,
Articles O