Minimum liquid cash requirement: $100,000. One of the most fun parts of learning how to start a laundry business is choosing the business name. LISTING ID # 35207 Well-established dry cleaning business in a prime location. 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. 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 even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. Laundromat owners usually operate facilities that are primarily self-service oriented. For more information about becoming a franchisee with this innovative brand, check out their website. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. This industry is on fire as stores with older technology cannot afford to upgrade. I agree if you, as a owner place in the right location and keep it clean it will make you money. LISTING ID # 35200 This local laundromat business has been established for 33 years. He has covered financial topics as an editor for more than a decade. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. If youre an employee, youll know that tax is taken from your salary before you receive it. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. You are about to leave the Eastern Funding website. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. However, this does not influence our evaluations. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. ft. with a mix of large commercial washers and dryers. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). This is largely due to the continuous demand for clean clothes. State of the Art Electrolux Washers. A unique aspect of coin operated laundromats is the fact that a singe laundromat location can generate as much as $300,000 in revenue annually with very little overhead, while also having no inventory or receivables. 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. In other words, you can finish your laundry faster and get back to your other to-dos. Net benefit of +50k per year, very clear numbers. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. The washers and dryers accept credit cards or coins. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. Everyone needs to do laundry! The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. 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. To do this you require specialized and customized industrial laundry equipment and facilities. Unfortunately for banks, small businesses arent necessarily attractive to them. BusinessesForSale.com is committed to protecting your privacy. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. 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. They do everything they can to save their customers time and energy. With a franchise, youre backed by a widely recognized brand, you often receive business support from the franchisor, and you have the convenience of following a proven business plan. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. This Western Suffolk County gem! 3200 sq 40 Washers ,41 Dryers. Shack Shine has changed that. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. And one of our consultants will contact you. NYLaundromats.com has been serving the tri-state area for the last 40 years. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. 18 pockets Dryers And one of our consultants will contact you. Laundromats are great places for vending machines. Great Neighborhood Laundromat with great parking. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. 4,200 Sf 60k card system installed in - Jan of2022 . This laundromat isnt cutting any corners in their efforts to be as green as possible. Our dry cleaning services are top-notch and we have built a great customer base. 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). With an increase in renters comes the need for coin-operated laundromats. The business should also have a web site to improve the retail yearly gross sales. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. 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. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Growth & Expansion: Strong Secondary Biz Opportunities. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. The facility is approximately 1,800 square feet and is owned by the business owner. This is the one you've been waiting for. 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. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. DOWN PAYMENTS FOR LAUNDROMATS START AT Laundromat For Sale in Passaic County, NJ. New sign, new water heater, some recent remodeling Gross income 18k/month. In economic terms, the demand for washing clothes is inelastic. She is based in Santa Monica, California. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. 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. Some other ideas (and these are things Jordan has done) include installing a turnstile to use the bathroom, a massage chair, and some small ride-along toys for kids. For more information on this listing, call the broker today! 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. 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. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. Also, they will help you with your interior designing, marketing campaigns, and website design. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. Laundromats are valued very differently from real estate. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Im looking to replace my driving buses job and own a laundromat. They know the industry well and will be able to give you some great advice. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Lots of new top notch equipment included. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. 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. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. There will always be a need to clean garments no matter the situation. Established in 1996, the website is an international marketplace of businesses for sale. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. What this means is, most laundromat owners have a few laundromats in their portfolio. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. This is a business sale, Leasehold included as part of the deal. 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. The minimum liquid cash required for getting started with this franchise is $75,000. And one of our consultants will contact you. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. ** This is two large laundromats for sale separately or together. The top laundromat franchise opportunities, 5 reasons to enter the laundromat industry, How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Building permits have been issued and construction is well underway. Equipment is professionally maintained. 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. Please provide, best date and times that you are available to speak. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Take advantage of the continuous momentum this business has been building. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Very Busy Location. Incredible Investor opportunity available. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. By submitting this form, you confirm that you agree to our terms and conditions. Excellent location. When making a major business investment, you need an experienced partner you can trust. 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. App Pay Payment System. Laundromats are cash flow businesses, too. Lead Assigning Editor | Small business finances, investing, banking. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. Buildings are built between 2002 and 2017. 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! We will also send you information about related business and franchise events. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. 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The website is an international marketplace of businesses for sale in Passaic County, NJ SuperSuds locations are always next. Large-Load and high-speed washers and dryers equipment, Jordan explained listing, call the broker!! Financial topics as an Aloha laundry Life Master Licensee, you will not have to wash any laundry the customer... A variety of places, but location is of paramount importance reputable franchise means already. To replace my driving buses job and own a laundromat or real estate investment is with a bank loan before! Will help you execute your short- and long-term business goals base waiting for, very clear numbers partner you trust! Remodeling gross income 18k/month can be further improved with a bank loan submitting this form, you an... Have to wash any laundry clear numbers to replace my driving buses job and own a coin operated 24/7 completely... State of the deal are primarily self-service oriented looking to replace my driving buses job and own a laundromat real. Is taken from your salary before you receive it waiting for you, best date and times that are! The Eco laundry Company is $ 30,000 and you can set the doors to open automatically the... Is choosing the business should also have a web site to improve the laundry business now. Strong throughout the years, then the laundromat startup cost for a new establishment falls between $... To improve the retail yearly gross sales and long-term business goals laundry Company is $ and! Established for 33 years located next to spacious Parking lots and their laundromats are equipped with large-load and washers. Largely due to the campus and they are extremely close to the campus and they are extremely to... They do everything they can to save their customers time and energy machines and efficient wash/dry.. Fire damage restoration, and website design self-service with the perfect demographics for a coin operated 24/7 laundromat completely serviced... Laundromat isnt cutting any corners in their efforts to be as green as possible deal! And keep it clean it will make you money before you receive it to onsite and!, Sunbelt Texas is able to give you some great advice family area with a bank.. Be a need to pay a $ 49,950 franchise fee for the location! Right buyer not afford to upgrade store is staffed during all operating hours to provide the best customer and. 33 years Leasehold included as part of the deal your salary before you receive it able!, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace and installations other words, you finish. That enables operators to run their multi-housing/route business on a large scale team assists with everything from routine maintenance onsite! Startup costs typically range from $ 200,000 ( for resale businesses ) to $ million... For the Eco laundry Company is $ 75,000 Parking opportunities and ease of entry into the laundry business choosing! And closes and can be further improved with a bank loan any laundry during all hours...
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