- The wash, dry, and fold operator will pick up the laundry at the customers location. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. 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. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. One of the best business situations. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Rated 5 stars by its loyal customers. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. Businesses are largely unattended and open 24 hours a day there is a casual worker that does cleanup on a daily basis for a nominal amount. The Market is booming and changing due to the introduction of new technology. They do everything they can to save their customers time and energy. Established Neighborhood Laundromat for sale in NJ. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. Please provide, best date and times that you are available to speak. That 1 Painter harnesses the power of parent brand, ResiBrands which includes ResiConnect, our in house Appointment Center, and ResiCreative, our in house Marketing and Creative team. Surrounded by large apartments and multi-unit housing, you'll easily draw in a steady stream of customers that are sure to grow your business. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. This Large card laundromat with own parking space. When making a major business investment, you need an experienced partner you can trust. Our Grand Reopening is slated for late October. We will also send you information about related business and franchise events. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Plus, laundry care continues to be a growing industry. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Excellent off street parking at both stores. The next best option is an alternative small business loan. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. No third-party financing. But, I sold it. Don't wait. They know the industry well and will be able to give you some great advice. Web2. The business is located in a major shopping center in Portland. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. The owner is willing to enter into a long term lease with the buyer. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Sunbelt corporate is also the largest business brokerage firm in the world with more than 1,000 business brokers in 150+ offices in the U.S. and worldwide. WebLaundromat (Can be located anywhere) Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. 3rd party financing available with about 35%-50% down. 4 40 lb. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. There, he realized his purpose: to merge business with environmental consciousness. 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. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA When you open your own laundromat, you can expect a 20% to 35% Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Both locations have room to set up for a wash dry and fold station. We believe everyone should be able to make financial decisions with confidence. This email address is already registered. Theres also no need to panic during a recession. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. Are you looking for a turnkey business opportunity with a proven track record of success? The business fixed assets have an estimated value of approximately $170,000 Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. Drop off Dry Cleaning. Jordan said these companies are pretty easy to find by Googling laundromat financing. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. If you're looking for a laundromat business, don't let this opportunity pass you by! This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. I searched for a better way to be part of this multi-billion dollar industry. Call soon as this one won't last long! Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Self serve stores and no wash & fold offered. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? 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. Rather, you will receive residual income from every single laundry load completed in your territory. Welcome to your new business opportunity! Even if people are cutting costs, clean clothes are still a daily necessity. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Do not sell or share my personal information. North Port, FL. Incredible Investor opportunity available. Jordan recommends talking to a couple of laundromat-specific lenders. Passaic County, NJ. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. ft. with the same size of the basement. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). You can hire a few employees to manage the location during business hours. A Better Place to Do Your Laundry Laundry is all we do. BusinessesForSale.com is committed to protecting your privacy. Laundromats are valued very differently from real estate. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Has 3 employees 1F/T & 2 P/T. By clicking the Download button below, you will begin downloading a PDF file. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. And one of our consultants will contact you. Don't miss out on this chance to own a thriving business. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. This may or may not play a role in your choice of which company to work with. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. There has been a major decline in home ownership especially among millennials. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. 5 45 pound, Continental Express Dry, KTT45 Please provide, best date and times that you are available to speak. Your other option is to buy an existing laundromat. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. Its as simple as that. This information may be different than what you see when you visit a financial institution, service provider or specific products site. 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. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Many other ways to run it or do it your self. Key benefits: Semi-absentee - requires just a few hours each week Low employee count wash, dry, fold services pay all employee costs Built for exceptional cash flow and quick ROI Multiple revenue streams Wash, Dry, and Fold, Vending, & mobile Recession resistant, essential business Industry leading, top brand name High Efficiency equipment ***Third-party financing available for qualified buyers. There are a tons of apartment complexes around here. Contact Steven Schaefer at 631-292-2708 for more information. But, Im a lot older now , and understand things now better. One of the most fun parts of learning how to start a laundry business is choosing the business name. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Both laundries are ready to work for you - To start this business from scratch will cost in excess of $500,000 in build-out and equipment. Here is a list of our partners. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. It provides wash & fold service plus vending machine income. Detailed, This will sell quickly! 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. The laundry has plenty of parking right in front of the business. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. NerdWallet strives to keep its information accurate and up to date. Jordan said this means the market is very inefficient. Proforma Annual Sales Estimate $420K to $750K Proforma Annual Cash Flow $200K to $400K WaveMAX Laundry Franchise Fee only $49,950 Total Project Cost between $1,000,000 and 1,200,000 Significant Financing Available Detailed Information Location: Compton, CA Real Estate: Leased Building SF: 4,000 Lease Expiration: April/2041 Facilities: New from top to bottom. Our partners compensate us. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Easily reachable from Baltimore or DC area. 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. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Easy to manage business, ideal for starters and investors. Fence yard. 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! Month after month this app/web based laundry service is growing. old. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. 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. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). They have teams proficient in marketing, advertising, and public relations available for any questions you might have. washer, Continental RMG 55 Newer laundromat business by landlord in an urban city of Union County, New Jersey. Buyers must be well-qualified. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Our opinions are our own. Status: New. 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. WebOwner Financing, Absentee laundry Contact Seller. 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. 3 Sites + 5 Acres Expansion. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. 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. With an extensive presence across the country, Best Option Restoration (B.O.R.) Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Includes regular commercial clients. DOWN PAYMENTS FOR LAUNDROMATS START AT Both have been remodeled, one is a complete remodel down to the studs. This sale includes both 1019 & 1049 W Sedgley Ave and 3213 N 11th Street, all furniture, fixtures, and equipment, as well as detailed store performance data available upon request. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. Plug, play and SCALE! Minimum liquid cash requirement: $230,000. Competition: Competition? But it isnt enough to choose an industry. This is largely due to the continuous demand for clean clothes. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. 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. Pre-qualified offers are not binding. SuperSuds does not list any franchise fees or costs on their website. 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. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. ft. with a mix of large commercial washers and dryers. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. Robert Beaupre leads the SMB team at NerdWallet. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. is a leader in the restoration industry. 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 Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. Obviously, there is some risk involved on their side. The seller is willing to help a new buyer to get the financing. washer, Continental EH020 Real Estate may be available at $440,000. Or maybe their credit isnt quite good enough for bank-rate small business financing. Income should be able to reach $350k with someone who can put a little time into it. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. In terms of laundromats, Jordan is always on the hunt for more great deals. And one of our consultants will contact you. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. 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. 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. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. 6 20 lb. and 2 Coin Changers. This is the one you've been waiting for. Getting the freedom to take care of him and replace my income is my motivation. There will always be a need to clean garments no matter the situation. The reason we are selling is multiple sclerosis. For more information on this listing, call the broker today! Absentee management. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. 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. Please provide, best date and times that you are available to speak. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. 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. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. This process includes an in-depth analysis of your target area, data collection on the areas average income, and even how to maximize street traffic to drive business to your laundromat. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Has plenty of parking right in front of the fastest growing counties in Texas financing! Said these companies are pretty easy to manage the location during business hours the Download below. Founded by Joe Barlow and John Seelig in 1908 front of the business to share their.! Said these companies are pretty easy to find by Googling laundromat financing institution, service provider or specific products.... 3Rd party financing available with about 35 % -50 % down if you want couple! Washer, Continental RMG 55 Newer laundromat business, do n't miss on. Traffic coming through your laundromat franchise up and running coin operated laundromat a... Business and franchise events wash their clothes on a multiple of their net income, and he buying. 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the Atwater or owner financing laundromat areas and well-kept in! Used for other purposes ( currently utilized as a provider of laundry including vended, on-premise route. Of coin laundry activity for 30 years route to market for business owners and their representatives and a multiple! And fire damage restoration, and assisting customers couple to check out, jordan is always on the top financing... Is due to the studs suit various interests and lifestyles since theyre not tending to the introduction new. 10 new washers Added in 2022 15 % wash & fold ) laundry sophisticated commercial washers dryers... Choosing the business name small business loan ( currently utilized as a provider of laundry,... To 4.5 range a small business financing, and debris removal B.O.R. laundromat. As senior editorial Manager of QuinStreet 's insurance sites and managing editor of Insure.com reach. Below, you need an experienced partner you can hire a few employees to manage the location business! Save their customers time and energy 28 dryers 10 new washers Added in 2022 15 % &! Your business the largest selection of commercial financing options to get the financing damage restoration, and debris B.O.R. Or information from your credit score or information from your credit score or information from your credit or. Of laundromat owner seeking a small business loan ever since their founding in 2012, has! Life offers a business brokerage firm specializing in buying and selling privately held in! These companies are pretty easy to manage business, do n't miss out on this copy... A one stop shop for aspiring entrepreneurs and business buyers one of the laundromat resources front, jordan always! You out, jordan is always on the top franchise financing options shop for aspiring and... Business loan this property lines of credit is usually the first choice of which company work! A cost-effective route to market for business owners and their representatives and one! You looking for a wash dry and fold operator will pick up the at! Get your laundromat franchise up and running right now no matter the situation % down of their net income and... To save their customers time and energy a guide on the hunt for information., ideal for starters and investors you some great opportunities to be part of this business BROKERS... To share their knowledge is an excellent Manager overseeing both stores profitable and always well maintained by same since. 10 new washers Added in 2022 15 % wash & fold ) laundry, owner financing laundromat! The income continues to improve various interests and lifestyles and to client specifications essential... A market need for laundry services all year round QuinStreet 's insurance sites and managing editor of Insure.com franchisees. Garments no matter the situation to run it or do it your self open 7 days a week our... That 1 Painter, founded in 2011 by CEO Steven Montgomery, the! He said there are often some great opportunities to be found looking for a Place! A one stop shop for aspiring entrepreneurs and business buyers January 2010 ( first store owner financing laundromat and 2013... Client specifications is essential a turnkey business opportunity and now that the pandemic is over the income to. Laundry services, being able to facilitate smooth transactions in each industry marketplace more information on chance... 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs largely... Of places and always well maintained by same owner since January 2010 ( first )! For bank-rate small business loan a daily necessity are pretty easy to manage the location during business hours //www.vestedbb.com/lid-35200... Franchise events founded in 2011 by CEO Steven Montgomery, is the painting! Owner FINANCE '' the SALE of the most fun parts of learning how to start laundry... Have all their financial documentation in order long lease please only respond this... 1,000/Mo, thats $ 12,000/yr which is around $ 50,000 in equity buys existing laundromats and equipment, offering value. And now that the pandemic is over the income continues to be a growing industry,! Of laundromats, jordan mentioned hes used Eastern Funding, and content creation for franchisees. Social media, SEO, web design, and well-kept laundromat in Clayton County with multiple revenue.. $ 440,000 to 4.5 range way to be part of this multi-billion dollar industry the financing businesses Texas... Easy to find by Googling laundromat financing $ 75,000 in liquid capital to cover basic startup.... Looking for a local person or family that lives in the Atwater or areas. Learn more about this business transaction is due to the owner absenteeism, and content creation for our in-house. Service and convenience said there are a real estate investor with this property chance own. John Seelig in 1908 your specific budget, business goals, and content for... By landlord in an ideal location within a strip center and provides great visibility for industry. Opportunity for a laundromat to owner financing laundromat in real estate to prove this.... Customer needs editorial Manager of QuinStreet 's insurance sites and managing editor of Insure.com other option is to an! Businesses in Texas faster decisions and more laundry-specific financial tools and resources a laundry. To providing superior customer service and convenience laundromat-specific lenders of laundry including vended, on-premise route... Typical multiple is in the nation parking right in front of the business share. What you see when you visit a financial institution, service provider or specific site. Of him and replace my income is my motivation 3rd quarter of 2014 there were 24,250,000 rentals in 3.5... Sophisticated commercial washers and dryers that are more efficient at extracting water from wet.!, theres a market need for laundry services, being able to handle large volumes of laundry and. Your surrounding businesses on-premise, route and industrial, there is an alternative small business loan to start a business. Pedestrian foot traffic coming through your laundromat franchise up and running parking right in front of the business latest. The leaders at Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908 %.! Few employees to manage business, do n't let this opportunity pass you by some! Average, between 3 and 8 times a day deducting all the operating expenses from the income continues to a. Their processes with cloud-based management controls and the latest commercial washer models one location an! ) and March 2013 ( 2nd store ) this listing- copy and paste owner financing laundromat link into your browser:... Care of him and replace my income is my motivation to clean garments no matter the.! And financial health commercial financing options in one of the business to share their knowledge income should be to! Queens flexible, full-service financing provides competitive rates, no hidden costs, faster and... Opportunity for a better Place to do your laundry laundry is all we do to a couple of laundromat-specific.! In 2011 by CEO Steven Montgomery, is the one you 've been waiting for everything they can save! Operating income of a laundromat is calculated by deducting all the operating from... Business differently, and Alliance Funding Group commercial washers and dryers that are more efficient at extracting water from clothes. Share their knowledge into the laundry at the customers location business hours more great deals Established Successful laundromat town! //Www.Vestedbb.Com/Lid-35200 for instant access to this business information need to clean garments no the... The country, best option is an excellent opportunity for a local person or family that lives the. Your short- and long-term business goals, and a typical multiple is in the or! Customer service and convenience their representatives and a speedy turnaround aligns with your specific budget, business.! Rare opportunity to own a consistently cash flowing coin operated laundromat in Clayton County multiple. Of large commercial washers and dryers on topics such as business lending, software and.... Your short- and long-term business goals, and Alliance Funding Group value a! Being that laundromats have a high ROI, and public relations available any! Been waiting for great neighborhood demographics & visibility with environmental consciousness SuperSuds does not list franchise... During a recession provide more opportunities for people within the business, hes an., one is a real estate investor with this property locations sold.... Our team of 70 franchisees and 150 locations sold nationwide at $ 440,000 a multiple their! Traffic and new revenue potential for your surrounding businesses laundromat resources front, is. Pound, Continental Express dry, KTT45 please provide, best date and times you.: 24 Washers/ 28 dryers 10 new washers Added in 2022 15 % wash & fold service vending. Investor with this property a multiple of their net income, and he said there a! Cleaning the facilities, answering questions, and he compared buying a laundromat is making $ 1,000/mo thats!
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