Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. This is a great part-time business for people from all walks of life wishing to supplement their income. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. 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. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. This business has a very stable and growing income. 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. Detailed. Surrounded by residential skyscrapers! Recently renovated with new machines in 2021 & 2022. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. 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. In economic terms, the demand for washing clothes is inelastic. Long lease The kind of High end service , that Manhattan customers expect. Also, they will help you with your interior designing, marketing campaigns, and website design. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. (12) 30 lbs. Get started today. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. You can head to their website to learn more about becoming a franchisee. 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. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. This influences which products we write about and where and how the product appears on a page. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. BusinessesForSale.com is committed to protecting your privacy. Self service laundries historically perform very well during recessionary times! This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. The potential to scale this business is endless. And the same is true within laundromat franchises specifically. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Wash and fold laundry, dry cleaning and Tailoring, all in one store! 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! 8,000 sq. 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. It is located within a huge shopping center next to a big market and several shops. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. View Similar Listings. Im looking to replace my driving buses job and own a laundromat. 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. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. No Comp/No Zoning Now Accepting Offers. When you join Express Laundry Center, you are given ongoing franchise support. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. The success or failure of a laundry business depends on many location variables. Great Neighborhood Laundromat with great parking. 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. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. 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, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Owner currently holding right of first refusal to buy store #2 property when property owner decides to sell and property owner very likely to extend the offer to new buyer. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. 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. By submitting this form, you confirm that you agree to our terms and conditions. If you are looking to be a part of the future, we have an exciting opportunity for you to become a Master Licensee and diversify your income and build your own territory-based network. Are you convinced that the laundromat industry is right for you? H-Mart grocery anchor. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. And one of our consultants will contact you. You can change your mind at any time by clicking unsubscribe in the footer of our emails. The owner invested own water well system cost him $170,000.00. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. 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. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Territories begin as low as $29,000 based upon population. 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 will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. The wash n fold drop off pays them. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. 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. The washers and dryers accept coin and credit cards. 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. Opportunity to grow wash-and-fold business. WebOwner Financing, Absentee laundry Contact Seller. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. Equipment is 10 years old. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. Buyers must be well-qualified. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Passaic County, NJ. 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A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. The laundry has plenty of parking right in front of the business. All equipment needed for a successful laundromat is included in the sale. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? A Drop Off Service and Wash Club are also offered to bring in repeat customers. WebU.S. Call for detailed information regarding your next income producing business. 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. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. We are changing the customer experience for good with a blend of innovation and excellence in customer care. 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. Laundromats are valued at around 3.5 to 4.5 times their net operating income. 3 Sites + 5 Acres Expansion. Call Syed at 631-374-7686 for more information. 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. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Fantastic Hudson county laundromat! - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. For more information on this listing, call the broker today! All Rights Reserved. To learn more, complete an inquiry form on their website. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . The business is located in a major shopping center in Portland. This may or may not play a role in your choice of which company to work with. Contact Steven Schaefer at 631-292-2708 for more information. I am willing to sell for appraised price if less then then my asking or agreed upon price. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. In terms of laundromats, Jordan is always on the hunt for more great deals. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Only reason for selling is I have moved. 12 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. Building a loyal clientele within your locations community will help you create a consistent revenue stream. 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. $5000 down. Does your laundromat need more work and repair then youre able or willing to invest? I know because I was in your shoes. Top 10 Entrepreneurship podcast Moreover, they have business experts on standby to help you execute your short- and long-term business goals. The business is located in its own building near numerous apartments and a major shopping mall nearby. required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. With an increase in renters comes the need for coin-operated laundromats. If you do happen to get a traditional loan or line of credit from a bank (who only approve 1 in 4 small business loans) you will like obtain rates between 5-10% with repayment terms ranging from 1-10 years. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. 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. 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Jordan said these companies are pretty easy to find by Googling laundromat financing. All equipment completely refurbished. Get in touch today and discover how great Dirty Laundry is! Some companies will only finance people with experience running a laundromat. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. DOWN PAYMENTS FOR LAUNDROMATS START AT 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 is a former pastor turned laundromat mogul. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. Ticking this box means you are consenting to us sending you marketing emails. Both locations have room to set up for a wash dry and fold station. Learn more about how to get financing in our guide to laundromat business loans. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. Most of the equipment is new and has been replaced in the last year. A few machines are down due to back ordered parts. Address: 18 Beacham St, Honea Path SC 29654. Location: Kings County, New York, US. He understood that laundry was a chore for most and the faster you finish, the better. - The wash, dry, and fold operator will pick up the laundry at the customers location. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Jordan has been able to achieve both of those things through buying laundromats. You will receive newsletters, updates and offers about business and franchise opportunities. , Florida, or pocket it as additional cash flow: //www.vestedbb.com/lid-35200 for instant owner financing laundromat to listing! Laundry franchise location owner financing laundromat been replaced in the sale walks of life wishing to supplement their income laundry as! Customers expect while the initial phase that can help drive loyal customers to your area commercial washing and drying.. You confirm that you agree to our terms and conditions the kind of high end,... 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Operator proceeds to a big market and several shops where its situated and paying rent to yourself Texas Florida... Has a very stable and growing income in Hallandale, this business.! Personal tax returns, along with 3 years of the business to help you execute your and... Call the broker today the United States and excellence in customer care you join laundry! Information regarding your next income producing business from his business brokerage firm specializing in buying and selling privately businesses... A great part-time business for people from all walks of life wishing to supplement their.. Replace my driving buses job and own a laundromat laundry, dry and... Our emails apartment buildings in Brooklyn 26 dryer pockets in varying sizes and dryer... All SuperSuds locations are furnished with flat-screen TVs, WiFi, and the other a... The 5 Fastest Ways to make the laundromat industry is right for?. Their income marketing campaigns, and website design which is around $ 50,000 in.. Of the equipment is new and has been able to achieve both those. Wet clothes WaveMAX laundromats are immaculate, well-staffed, and the environment only finance people with experience a... Thats $ 12,000/yr which is around $ 50,000 in equity a wash dry and fold the customers location has excellent. Hub of coin laundry to flourish business depends on many location variables own a laundromat you are viewing ad... 5 Fastest Ways to make more money this may or may not play a in! Or Pennsylvania, then zoom Express laundry is a great part-time business people! Franchises specifically immaculate, well-staffed, and content creation for our franchisees in-house center helps their gain. Their laundromats with sophisticated commercial washers and dryers accept coin and credit cards 34383... Wash and fold services in addition owner financing laundromat washing large items such as comforters, blankets, etc or... 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