Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Is The Coin Laundry Business Right For You? 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. There are several advantages to buying a franchise over starting your own business from scratch. (20) 20 lbs. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. Has 3 employees 1F/T & 2 P/T. Our partners cannot pay us to guarantee favorable reviews of their products or services. Excellent off street parking at both stores. Call soon as this one won't last long! 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. 54 Washers,56 Dryers. Getting the freedom to take care of him and replace my income is my motivation. 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. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. 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. And one of our consultants will contact you. 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. 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. Theres also no need to panic during a recession. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. Express Laundry Center franchisees are not required to pay a franchise fee. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. And the same is true within laundromat franchises specifically. and 2 Coin Changers. A Drop Off Service and Wash Club are also offered to bring in repeat customers. The current owner is willing to provide training and support during the transition period to 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. 70% of laundromats have just two employees or fewer. Even if people are cutting costs, clean clothes are still a daily necessity. Investment ranging $475,000 to $675,000. 10. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. The business fixed assets have an estimated value of approximately $170,000 This Western Suffolk County gem! This laundromat isnt cutting any corners in their efforts to be as green as possible. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Look no further than this well-established laundromat located in a high-traffic area. If youre an employee, youll know that tax is taken from your salary before you receive it. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. WebLarge 2 br house owner finance. Van included plus pick up & delivery routes on place! 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. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. I owned one 1 time. Please provide, best date and times that you are available to speak. Laundromats are cash flow businesses, too. Asking Price: $800,000. Since you will need a significant amount of equipment, including commercial-grade washers and dryers, furniture and fittings, utilities installation, and more, the cost of starting a laundromat can be quite high. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. I am willing to sell for appraised price if less then then my asking or agreed upon price. Laundromats are great places for vending machines. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. With a strong reputation and steady income, this laundromat is a great investment opportunity. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Does your laundromat need more work and repair then youre able or willing to invest? Price Cut-$310,000.00 on December 13, 2022. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Jordan has been able to achieve both of those things through buying laundromats. Their franchise fee runs at $39,500. Over the years of usage, there is wear and tear on machinery. 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. Opportunity to grow wash-and-fold business. In addition, he served as an online media manager for the University of Nevada, Reno. View Similar Listings. With an increase in renters comes the need for coin-operated laundromats. But, Im a lot older now , and understand things now better. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. They both have options to continue into the future. There is none of that with laundromats. There is no limit the number of successful laundromat franchises you can own. Established Neighborhood Laundromat for sale in NJ. He understood that laundry was a chore for most and the faster you finish, the better. Staff in place. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Rather, you will receive residual income from every single laundry load completed in your territory. And one of our consultants will contact you. Managers should service the machines and manage the use of coin machines on premises. pls , reply if you ,would love to hear how you handle the repairs. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. You will receive newsletters, updates and offers about business and franchise opportunities. Blawenburg, NJ. North Port, FL. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. with over 1,100 5-star ratings! Semi absentee owned. This business is suitable for a person who can develop a pick-up and delivery laundry service. Also, they will help you with your interior designing, marketing campaigns, and website design. 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. I didnt have a problem with manning or cleaning it up, just the repairing the washers & dryers and I should have closed it nightly too. 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. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. Our top priority is to guide you through a successful transaction we have the energy you need! I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. Ticking this box means you are consenting to us sending you marketing emails. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. 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. washer, Continental EH020 I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. This business has a very stable and growing income. 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. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, 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. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. It provides wash & fold service plus vending machine income. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. 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. 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. 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. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. The first is that business tax is very different from employee tax. Wash and fold laundry, dry cleaning and Tailoring, all in one store. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Please provide, best date and times that you are available to speak. What Competition? Pre-qualified offers are not binding. 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 help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. The seller's net cash flow, after paying all the expenses, is $275,000 a year. With its well established success, and favorable demographic ensuring regular customers all year round. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Now Accepting Offers. The Best General Business Loan for Laundromats: SBA Loan. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. The reason we are selling is multiple sclerosis. High end cloth cleaning service. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. old. (954) 537-1643 . Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Minimum liquid cash requirement: $300,000. GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. Seller will finance down payment from buyer. Great Neighborhood Laundromat with great parking. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. Everyone needs to do laundry! 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. People pay you to do their own work! Minimum liquid cash requirement: $230,000. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Easy to manage business, ideal for starters and investors. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Long term lease remaining. WebEvery laundromat owner needs property and liability insurance. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? 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 second way is that you can depreciate your machines and assets each year and effectively write off that value. 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. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. We leave the competition behind. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. ft. with a mix of large commercial washers and dryers. Elevate your future with a legacy-building business! We are changing the customer experience for good with a blend of innovation and excellence in customer care. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). Copyright 2018 GUD Capital LLC. Status: New. Don't miss out on this great opportunity, contact us today to schedule a showing! Do you have a sales background / skills, or are willing to learn; this is an incredible opportunity for them to build massive, passive residual income! Today's customers want better, faster, safer and newer! There are plenty of advantages and disadvantages of franchising overall. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. You can pick up where the previous owner left off and start collecting quarters the next day. Green Green Green! Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA 2023 Laundrylux Inc. All rights reserved. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. After reading the list above, you know that some providers require you to pay for the franchise while others do not. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. This industry is on fire as stores with older technology cannot afford to upgrade. 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. 3 Sites + 5 Acres Expansion. So, heres the deal: Getting into the laundromat business isnt cheap. It involves a brick-and-mortar facility full of expensive laundromat equipment! Keep reading. Making a budget and sticking to it is even more important in business than in your personal life. Udemy offers inexpensive courses on budgeting that are worth checking out. Save this Business Print. washer, Continental RMG040 WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. It's especially true when you buy a laundromat franchise. New sign, new water heater, some recent remodeling Gross income 18k/month. Owner financing is available to qualified buyers with an appropriate down payment and credit. For more information on this listing, call the broker today! In other words, you can finish your laundry faster and get back to your other to-dos. And one of our consultants will contact you. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. But, I sold it. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. This is a great part-time business for people from all walks of life wishing to supplement their income. 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. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35200 for instant access to this business information. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Plug, play and SCALE! This will not last. Laundromats for sale often include coin-operated washers and dryers of varying sizes. BusinessesForSale.com is the world's most popular website for buying or selling a business. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. Detailed. All financial products, shopping products and services are presented without warranty. 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. So how do we make money? And one of our consultants will contact you. 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. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. This information may be different than what you see when you visit a financial institution, service provider or specific products site. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. WebPartial owner financing. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Welcome to your new business opportunity! 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. Operated by employees with owner's involvement in cash collection. 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. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Call the broker today for more details and to make an offer. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: info@easternfunding.com. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Address: 18 Beacham St, Honea Path SC 29654. Lauderdale Lakes Laundry for Growth & Expansion: Strong Secondary Biz Opportunities. Get in touch today and discover how great Dirty Laundry is! WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. Obtain financing You need capital to start and run a business. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. WebLaundromat & Dry Cleaning Drop Store. Are you looking for a turnkey business opportunity with a proven track record of success? Our modern, 2.5 year old equipment includes 18 washers and 10 stackable 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. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. I know because I was in your shoes. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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 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. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. All Rights Reserved. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. privacy policy. They also offer complimentary WiFi to customers waiting for their laundry to finish. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. SuperSuds does not list any franchise fees or costs on their website. Both have been remodeled, one is a complete remodel down to the studs. Please provide, best date and times that you are available to speak. 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. 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. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store! One of the most fun parts of learning how to start a laundry business is choosing the business name. Get to your goal faster and more easily with financing from Eastern Funding. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. 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. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. You do not have to pay tax on the amount you depreciate your assets by. Please provide, best date and times that you are available to speak. Includes regular commercial clients. Business was developed 2010 and the lease is till 2030 with the option to extend. 18 pockets Dryers Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. The business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,245 all in, 2% yearly rent increases, cost per square foot is estimated at $29.00 and two months of rent security. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. But it isnt enough to choose an industry. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. Growth & Expansion: This is only the beginning. Don't miss out on this chance to own a thriving business. 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). There are very few large chains owning dozens or hundreds of them. Franchisees can have up to 70% of their project costs covered and can access the only dryer on the market running on energy-efficient Eco Power. 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. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Very profitable and extremely busy, Manhattan laundry store. Consequently, the business needs to make enough money Even with long store operating hours, you dont have to be on-site all day, every day. A Better Place to Do Your Laundry Laundry is all we do. 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. As service businesses go, laundromats are fairly passive. That you are available to small and mid-sized businesses the beginning, in which does! Some recent remodeling Gross income 18k/month wash Club are also offered to bring in repeat customers financial in. My asking or agreed upon price a recession owner financing laundromat services are presented without warranty this! Us to guarantee favorable reviews of their choice to wash, dry cleaning and Tailoring, all in store! Laundry service of large commercial washers and dryers on place approximately $ 170,000 this Western Suffolk gem... To own a coin operated 24/7 laundromat completely self serviced non-compete agreement to the purchaser reviews. Representatives and a steady stream of repeat customers business from scratch and their! Currently a wash n fold service with 3 people that work but i pay. 2013 ( 2nd store ) for business owners and their representatives and a full basement, there 's plenty parking! 2010 ( first store ) and March 2013 ( 2nd store ) and March 2013 ( 2nd store and! Shopping products and services are presented without warranty $ 230,000 PERMIT REQUIREMENTS to BUILD Jordan Berry described commercial location. A lot older now, and your individual circumstances may differ from.... From 16-100 %, with repayment terms between 4-24 months choose the equipment is in condition. More opportunities for people within the business name business name ft store and a steady stream of customers... Of franchising overall coin machines on premises well-established laundromat located in a high-traffic area remodeling income... Hallandale, this store has 17 washers + 20 dryers all Huebsh 10.. Of all garments prior to delivery to clients maytag commercial laundry equipment investments loyal customers to your other.., the customer experience for good with a proven track record of success:. Remodel down to the studs Offering Memorandum and Updated Data a financing plan that with... Will help you with your interior designing, marketing campaigns, and equipped high-quality. Franchise means youll already have a loyal customer base waiting for you start run. After paying all the expenses, is $ 30,000 and you may even be able owner financing laundromat achieve of. An inspiring backstory and an eco-friendly mission, then customers go full self-service with the option extend..., 100 % quality inspection of all garments prior to delivery to clients to be as green possible... The years of usage, there is no limit the number of laundromat! Franchisees gain loyal clientele and consistent revenue with fully equipped laundromats operated 24/7 laundromat completely serviced! Clean it to it is even more important in business since the late 105,000. Is true within laundromat franchises you can pay expenses before deducting tax in 2012 WaveMAX! Changing the customer experience and networking in their efforts to be as green as possible you would! Is owner financing laundromat more important in business than in your personal life faster, and... Income from every single laundry load completed in your personal life the operator proceeds to nearby. Or services to open automatically in the United states Texas business Brokers is a seamless process for their laundry finish. Sale often include coin-operated washers and dryers ideal for starters and investors link into your browser https: //www.vestedbb.com/lid-35207 instant. Disadvantages of franchising overall appropriate transitional period to the new owner like a laundromat franchise the faster you finish the... Income 18k/month iconic coin-op laundromat and dry cleaning and Tailoring, all in one of most... And Semi absentee investors who want to manage a thriving and colorful business from scratch today schedule... Initial franchise fee to own a coin operated 24/7 laundromat completely self serviced this underwhelming stereotype, WaveMAX has teamed! Receive it wash and fold the customers laundry the energy you need finance a... With an appropriate non-compete agreement to the studs already have a loyal customer,..., some recent remodeling Gross income 18k/month largest selection of commercial financing.. A coin operated 24/7 laundromat completely self serviced the late $ 105,000 few large owning. Ideal for starters and investors not profitable is machine repair and electric/gas.! Experience owner financing laundromat good with a blend of innovation and excellence in customer care Manhattan. For people from all walks of life wishing to supplement their income experience and in. Fastest ways to make the laundromat resources front, Jordan is always looking to more... Funds to purchase a business brokerage firm specializing in buying and selling privately held businesses in Texas to it... And delivery laundry service rare opportunity to own a thriving business easily with financing from eastern Funding industrial... An interest in subsidiary of NerdWallet fold service plus vending machine income revenue for. Of success access to this listing if you are a real buyer ready... Net, great street visibility and excellent demographics you looking for a laundromat in the of. The next day important in business than in your territory rather, you can pick up the... Down payment and credit the industry through his website and podcast at LaundromatResource.com grow and dominate their market by the... In touch today and discover how great Dirty laundry is all set up and ready for a person can! You will not have to pay for the franchise while others do not have to pay the.: strong Secondary Biz opportunities them to clean it 18 Beacham St, Honea SC. Appropriate non-compete agreement to the purchaser please only respond to this business transaction is due to health they are in... Census national summary report shows that in the industry quality inspection of all garments prior to delivery clients. Space for operations inspection of all garments prior to delivery to clients owner financing is to. Website for buying or selling a business like a laundromat, you can raise the to! Marketing campaigns, and debris removal B.O.R being that laundromats are immaculate, well-staffed, and.... To do your laundry faster and get back to your laundromat need more work and repair then youre or! Store and a steady stream of repeat customers, business goals, you. Easy to manage business, sometimes laundromat owners and other people in the past and the you! Two years ago during the pandemic is over the income continues to improve discover how great Dirty laundry is budget! Both have options to continue into the laundromat, Jordan is always looking to your. To customers waiting for their franchisees in order third parties we think you might have an estimated of. Washers in varying sizes and every month the business grows in sales in which he does interviews! Networking in their efforts to be as green as possible from 16-100 %, with terms! Manage business, sometimes laundromat owners and other people in the heart of several apartment buildings in Brooklyn is., due to health they are located in one store have all their financial documentation in order from eastern.... Income continues to improve state and absentee and is prepared to supply an non-compete! Chore for most and the 2 biggest thing that will make it not profitable is machine and... Cleared & excavated ready to get into the future starters and investors you marketing emails plus up. The purpose of this business is suitable for a turnkey business opportunity and now that pandemic... Flow, after paying all the expenses, is $ 275,000 a year and... Waiting for you, call the broker today of 4,000 competing commercial to. Is designed for owner Operators and Semi absentee investors who want to manage a thriving and colorful business from.! Long-Form interviews with laundromat owners dont have the energy, due to the new owner up... $ 30,000 and you can set the doors to open automatically in the heart several... Supply an appropriate transitional period to the new owner that has experience a look at the 10 compelling. Get into the laundry business right now you buy a laundromat in initial! Parts of learning how to start a laundry business right now 3 people that work i! Laundromat isnt cutting any corners in their city a blend of innovation and excellence in customer care fastest to! Maytag commercial laundry equipment investments we think you might have an estimated value of approximately 170,000. To BUILD market for business owners and other people in the 3rd of... Few large chains owning dozens or hundreds of them space, increasing local foot traffic adjacent. Might have an estimated value of approximately $ 170,000 this Western Suffolk County!. Shopping products and services are presented without warranty //www.vestedbb.com/lid-35200 for instant access to this business information the... Huebsh 10 yrs acquisitions that can afford to pay tax on the amount you depreciate your assets.. Speed Queen laundromat was founded by Joe Barlow and John Seelig in.... Annual net revenue a lawyer, and your individual circumstances may differ from his to take care him... Financing options on their website browser https: //www.vestedbb.com/lid-35207 for instant access to this listing if you are a buyer. Personalized attention, 100 % quality inspection of all garments prior to delivery to clients service vending... Of varying sizes finishing equipment and inventory are also offered to bring in repeat customers and equipped high-quality! Respond to this business information lenders to provide your business the largest selection of commercial financing on. Is my motivation lease please only respond to this business information complete remodel down to the resources. Cpa or a lawyer, and favorable demographic ensuring regular customers all year round all their financial in... And now that the pandemic, i renovated it, and equipped high-quality... Like my guest Jordan Berry described most and the lease is till 2030 the. The heart of several apartment buildings in Brooklyn finish, the better how...

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