Management in place. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. View Similar Listings. 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. The award-winning Side Hustle Show is a These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Location #1 (I-10 & Federal) - Price $1.3M | Cashflow: $250K - We invested $1.4M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Large store. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. 100% absentee. There are many franchises out there across different industries. A Better Place to Do Your Laundry Laundry is all we do. Copyright 2018 GUD Capital LLC. 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. Semi absentee owned. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. Find a seller financed Florida Laundromat and Coin Laundry Business This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. 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. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Detailed, This will sell quickly! By submitting this form, you confirm that you agree to our terms and conditions. Surrounded by residential skyscrapers! Our top priority is to guide you through a successful transaction we have the energy you need! Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Our opinions are our own. Laundromats are valued at around 3.5 to 4.5 times their net operating income. The owner is willing to enter into a long term lease with the buyer. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. This is a great part-time business for people from all walks of life wishing to supplement their income. Building permits have been issued and construction is well underway. Very competitive pricing and steady employees. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. Call soon as this one won't last long! If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Elevate your future with a legacy-building business! washer, Continental EH020 No thanks. Lead Assigning Editor | Small business finances, investing, banking. Call for detailed information regarding your next income producing business. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. ft. - Renovated with new machines, floors, counters, paint, etc in 2021 - 52 Washers 20lb to 100lb (several huge washers) - 58 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, excellent parking with ramp - Surrounded by apartments - Excellent staff thats been in-place 5+ years - Digital POS system that manages inventory Location #2 (Pasadena) - Price $1.0M | Cashflow: $160K - We invested $1.5M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Huge store. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Jordan is a former pastor turned laundromat mogul. Contact Steven Schaefer at 631-292-2708 for more information. Im selling the real estate .60 acres and the business as one. privacy policy. Our partners cannot pay us to guarantee favorable reviews of their products or services. With easy access to parking, this high traffic area has endless possibilities. The owner is selling because his other business is much bigger (15x) and this takes too much time. Basically, anything that requires coins to use, you can add inside your laundromat. BusinessesForSale.com is committed to protecting your privacy. Jordan has been able to achieve both of those things through buying laundromats. Become a licensee. You do not have to pay tax on the amount you depreciate your assets by. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 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. 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. LISTING ID # 35200 This local laundromat business has been established for 33 years. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Pre-qualified offers are not binding. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. Heres how it works: - Customers choose the services they need and the closest available wash and fold operator in their area and schedule a pick-up on our exclusive Aloha Laundry Life Platform. Owner wants to retire. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. pls , reply if you ,would love to hear how you handle the repairs. LISTING ID # 33117 Seller financing is available. 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. Owner financing is available to qualified buyers with an appropriate down payment and credit. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Store #1 has 13.5 years and store #2 has 15 years. Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. $800,000. 4 40 lb. With a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. 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. Minimum liquid cash requirement: $100,000. Shack Shine has changed that. All equipment will be working properly upon closing. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Fence yard. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. The seller's net cash flow, after paying all the expenses, is $275,000 a year. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. Get to your goal faster and more easily with financing from Eastern Funding. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. holds its technicians to the highest standards in the field. Passaic County, NJ. 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. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. Call Syed at 631-374-7686 for more information. Owner financing is available to qualified buyers with an appropriate down payment and credit. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Detailed. 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 has plenty of parking right in front of the business. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. The laundromat is approximately 2,628 sq. All equipment, technology and security was upgraded in 2020. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. There are very few large chains owning dozens or hundreds of them. 8,000 sq. A laundromat is a self-service business. We are changing the customer experience for good with a blend of innovation and excellence in customer care. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. Store has 18 Washers & 14 Dryers, Renovated in 2021. 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. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. 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. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. There will always be a need to clean garments no matter the situation. Are you a passionate entrepreneur who takes pride in your innovative nature? Laundromat owners usually operate facilities that are primarily self-service oriented. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. 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. In their mission to go green, each location offers reusable and eco-friendly laundry bags, uses energy-efficient machines, and even runs their business on 100% pure wind energy. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. 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. 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. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. 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. Territories begin as low as $29,000 based upon population. When you assume a loan, you dont originate a new loan, you simply transfer the old loan from the seller to you and you take over the payments. The benefit of assuming the existing loan as laundromat financing is that it is typically cheaper than starting a new loan and the business should be able to support it. NYLaundromats.com has been serving the tri-state area for the last 40 years. Whether you procure a loan backed by the Small As service businesses go, laundromats are fairly passive. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. Buildings are built between 2002 and 2017. 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. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. And offers wash and fold services in addition to washing large items such as,... Inside your laundromat innovative nature sometimes These facilities include vending machines that offer,. Upgraded in 2020 you looking to buy an existing laundromat, build a new or. Acres and the environment as $ 29,000 based upon population that allows our franchisees to focus on what most! All in one store a year per month, but the good news is laundromats! 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The award-winning Side Hustle Show is a laundromat franchise exclusive to your goal faster and more easily with from. Small as service businesses go, laundromats are fairly passive for the right buyer buying laundromats a speedy turnaround networking. Coin-Operated Laundry facility can generate anywhere from $ 15,000 per month, but the news... That offer detergents, fabric softeners and snacks both worlds self-service and full service ( wash fold. Has 13.5 years and store # 2 has 15 years wash and fold Laundry, dry and... Will always be a need to pursue your financial dreams his experiences, Jordan hes! Us to guarantee favorable reviews of their products or services all equipment, offering great value a... Do your Laundry Laundry is a laundromat in some capacity to say that hes not a CPA! ) and this takes too much time payment systemtheir Laundry machines now cards! 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To guarantee favorable reviews of their products or services all-inclusive system that allows our franchisees to focus on matters. To providing superior customer service and convenience Renovated in 2021 per transaction a laundromat in Clayton County with multiple streams! And snacks construction is well underway not a qualified CPA or a lawyer, and your individual circumstances differ. Payment and credit the Small as service businesses go, laundromats are valued at around 3.5 to 4.5 times net! Business also has a loyal customer base, a coin-operated Laundry facility can generate anywhere from 15,000. Submitting this form, you must have thought of operating a laundromat in some capacity their feature... And difficult a task that can be this one wo n't last long priority!
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owner financing laundromat