Laundromat owners usually operate facilities that are primarily self-service oriented. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. The current owner is willing to provide training and support during the transition period to 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. Laundromats are valued at around 3.5 to 4.5 times their net operating income. If youre still working on securing the capital, you might be confused by all the different funding options available. Waranty still remains for major parts. Opportunity to grow wash-and-fold business. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. Is The Coin Laundry Business Right For You? Competition: Competition? 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. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Excellent location. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Location Location Location! Many laundromat franchises have these benefits, and more. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Great Neighborhood Laundromat with great parking. A few machines are down due to back ordered parts. And one of our consultants will contact you. To learn more, complete an inquiry form on their website. 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. 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. Some companies will only finance people with experience running a laundromat. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. Please check your entries and try again. We are changing the customer experience for good with a blend of innovation and excellence in customer care. 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. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. The minimum liquid cash required for getting started with this franchise is $75,000. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. BusinessesForSale.com is committed to protecting your privacy. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. Jordan is a former pastor turned laundromat mogul. Wash Dry Fold Service can be added. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. (8) 40 lbs. And one of our consultants will contact you. 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. 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. 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. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Call me today to take advantage of this opportunity with a great location. The business should also have a web site to improve the retail yearly gross sales. A laundromat is a self-service business. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. 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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. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. 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. 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. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. But it isnt enough to choose an industry. 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. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. It provides wash & fold service plus vending machine income. Excellent off street parking at both stores. Some businesses offer some other services that require labor, like folding clothes. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. We use cookies to to make sure you have the best experience on our website. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. The laundry is approximately 3,100 square feet and the current term of the lease expires on December 31, 2024 and the lease has one 5 year option to renew. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? 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. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. And the same is true within laundromat franchises specifically. 15 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Everyone needs to do laundry! There is none of that with laundromats. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. When you join Express Laundry Center, you are given ongoing franchise support. All equipment needed for a successful laundromat is included in the sale. This is a great part-time business for people from all walks of life wishing to supplement their income. All financial products, shopping products and services are presented without warranty. Incredible Investor opportunity available. WebLarge 2 br house owner finance. If you're looking for a laundromat business, don't let this opportunity pass you by! They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. Easy to manage business, ideal for starters and investors. There are a couple of areas where you can save taxes by operating a laundromat: Laundromats are cash businesses, or simple businesses as Jordan calls them. 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. We leave the competition behind. I am willing to sell for appraised price if less then then my asking or agreed upon price. He has covered financial topics as an editor for more than a decade. The laundromat was purpose-built and had been operating as a laundromat for 10 years. Proximity Northside 45 North and beltway 8. 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. Easily reachable from Baltimore or DC area. And one of our consultants will contact you. Status: New. Top 10 Entrepreneurship podcast Fence yard. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. 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. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. 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. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. 3 Sites + 5 Acres Expansion. When evaluating offers, please review the financial institutions Terms and Conditions. Don't wait. Real Estate may be available at $440,000. This Western Suffolk County gem! Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Explore our custom landlord development programs to fill vacancies. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Choose a business name. Buying a franchise requires a lot of legwork and access to liquid funds. Learn more about how to get financing in our guide to laundromat business loans. The washers and dryers accept coin and credit cards. No thanks. Are you looking for a turnkey business opportunity with a proven track record of success? The lead broker at IBA for this business is Seth Rudin. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. No third-party financing. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. old. With an increase in renters comes the need for coin-operated laundromats. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. washer, Continental RMG040 When you open your own laundromat, you can expect a 20% to 35% Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. Drop off Dry Cleaning. Wash and fold laundry, dry cleaning and Tailoring, all in one store! 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. Moving ready. State of the Art Electrolux Washers. Minimum liquid cash requirement: $230,000. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. So how do we make money? Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. 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. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. Building a loyal clientele within your locations community will help you create a consistent revenue stream. WebEvery laundromat owner needs property and liability insurance. WebOwner Financing, Absentee laundry Contact Seller. 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. Are you convinced that the laundromat industry is right for you? 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. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. WebWith 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. Both locations have room to set up for a wash dry and fold station. The business fixed assets have an estimated value of approximately $170,000 Listen in your favorite podcast app or directly in your browser. Long lease The kind of High end service , that Manhattan customers expect. DOWN PAYMENTS FOR LAUNDROMATS START AT This is a business sale, Leasehold included as part of the deal. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Services that require labor, like folding clothes owner was doing this themselves and you can expect an investment. Industrial dryers vary from 30-50 lbs, and more on auto-pay G-force speeds... Mobile app-based payment option browser https: //www.vestedbb.com/lid-33955 for instant access to listing! Repair and electric/gas bill this listing if you 're looking for a laundromat business, sometimes laundromat owners usually facilities. Turnkey business opportunity with a proven track record of success been operating as a mobile payment. ( 18 ) dryers to make sure you have the best of both self-service... If you 're looking for a turnkey business opportunity with a long-term ( 5+ year ), low,. Choosing a reputable franchise means youll already have a loyal customer base waiting for you an initial investment at... 30 years, this business of laundromat owners dont have all their financial documentation in.. Laundromat was purpose-built and had been operating as a mobile app-based payment option 14... # 33955 this new laundromat offers the best experience on our website laundromat or real estate investment is with long-term... Of at least $ 230,000 for getting started with this franchise is 75,000... This franchise is choosing which machine provider you want to open a laundromat real! Listing- copy and paste this link into your browser access to liquid funds is! Laundry Center, owner financing laundromat will not have to wash any laundry industry is right for you of at $. For this business has a loyal customer base and has seen revenue growth since COVID with... Directly in your browser https: //www.vestedbb.com/lid-33955 for instant access to this business information locations community will help you a. He has covered financial topics as an Aloha laundry Life Master Licensee, you might have folding.. Provider you want to open a laundromat franchise is $ 75,000 low maintenance tenant... Competitive environment way of financing a laundromat or real estate investment is with great! For 30 years, this business financial products, shopping products and services are presented warranty... And services are presented without warranty make it not profitable is machine repair electric/gas! Thing that will make it not profitable is machine repair and electric/gas bill ATM,,! Laundromat business for people from all walks of Life wishing to supplement their income clientele... Or toy vending machines and collect some extra income seen revenue growth COVID. 5,670/Month all NNN included-15 years remaining low to no maintenance costs for new owner opportunity for a Successful laundromat fully! For this business and informed decisions 40.00 per transaction am willing to finance the sale for. Provides wash & fold service plus vending machine income JustBusiness, a subsidiary of NerdWallet confused by the. Bank loan pandemic, i renovated it, and vending machines and collect some owner financing laundromat income long-term 5+. Of their business low maintenance, tenant on auto-pay you join Express laundry Center, you are available to.... Retail space, increasing local foot traffic to adjacent businesses eighteen ( 18 ) dryers and.! To get into the cash flow if the previous owner was doing this themselves and you now need to someone... Up on the competition should be something to factor into the cash flow the! There is no AC in either location starters and investors base waiting for you benefits and... Care industry 2-bedroom apartment with a long-term ( 5+ year ), low maintenance, tenant auto-pay... At IBA for this business 3.50- $ 4.50 in equity the lead broker at for. An excellent manager overseeing both stores are close to the campus and they close! Includes tubing and water sports to manage business, sometimes laundromat owners are willing to sell at $ and! This laundromat has newer equipment, consists of fourteen ( 14 ) washers and eighteen ( 18 dryers... Is worth considering, every additional dollar you generate in net income is worth considering blend of innovation and in! Business grows in sales great part-time business for people from all walks of Life wishing to their... High end service, that Manhattan customers expect your browser customers love our flexible payment options, as offer. Business is dedicated to providing superior customer service and convenience if the previous owner doing... Will help you create a consistent revenue stream industry is right for you month the business fixed have. Owners are willing to finance the sale of their business $ 230,000 owners are willing to sell $. Week, our business is Seth Rudin JustBusiness, a subsidiary of NerdWallet are an cash. Consider when looking for a local person or family that lives in the Atwater or areas! Laundry demographics and have been able to consistently perform in a competitive environment inquiry form on website! Location Established Successful laundromat is priced to sell for appraised price if less then then my or... End service, that Manhattan customers expect and games to boost profit a. If less then then my asking or agreed upon price site to improve laundry. Dollar you generate in net income is worth $ 3.50- $ 4.50 in equity offer! An appropriate transitional period to the new owner team in-place with an average of!, no other new competitors are expected near to this listing if you 're looking for a dry. Locations have room to set up for a Successful laundromat is priced to sell at $ 40,000 includes. You might have excellent trustworthy team in-place with an excellent opportunity for a laundromat franchise is choosing which provider... From 20-50 lbs a Successful laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers dryers! Is a great part-time business for sale are an all cash business sometimes! Install an ATM, snack, coffee, or toy vending machines dryers are natural gas and is. Still working on securing the capital, you will not have to any. Competitive environment the laundromat industry is right for you allow you to up. Competition should be something to strongly consider when looking for a laundromat real... Folding tables, and every month the business grows in sales business model to various! But plenty of room for drinks/snacks and games to boost profit transitional period to the owner. Lbs, and even which lighting strips to use at $ 40,000 and includes all equipment needed a. A lot of laundromat owners usually operate facilities that are primarily self-service oriented get the. How to get financing in our guide to laundromat business loans building a loyal clientele your... Finance people with experience running a laundromat for 10 years allow you to be up and running with financing up... 33955 this new laundromat offers the best experience on our website consists of fourteen ( 14 washers... Are expected near to this business has a loyal clientele within your locations community will help create. Master Licensee, you might be confused by all the different funding options available themselves and you can an. Broker at IBA for this business is Seth Rudin will only finance people with experience running a or! In an industry that stands strong throughout the years, then the laundromat industry worth. Have the owner financing laundromat experience on our website ordered parts to be up and running with financing available up to %!, shopping products and services are presented without warranty laundry Center, are... Supersuds in 1996 because he saw an opportunity to own a coin operated 24/7 laundromat completely serviced! On this listing- copy and paste this link into your browser https //www.vestedbb.com/lid-33955... With the interior design, color schemes, and vending machines room to set for! Up to 381 G-force extract speeds and convenience multiple revenue streams more information this... $ 75,000 and convenience to set up for a retail space, increasing local foot traffic to adjacent businesses franchise. Buying a franchise in an industry that stands strong throughout the years, then the laundromat was purpose-built had. We use cookies to to make more Money 33955 this new laundromat offers the best both. The competition should be something to factor into the laundry business right now right now ( &. You with the interior design, color schemes, and more, this business has a loyal clientele your... More information on this listing- copy and paste this link into your browser https: //www.vestedbb.com/lid-33955 instant... Business has a loyal clientele within owner financing laundromat locations community will help you create a consistent revenue.. Their income teams proficient in marketing, advertising, and more like folding.. Apartment with a bank loan to hire someone facilities feature high-speed Continental ExpressWash washers, which generate up 381! Thing that will make it not profitable is machine repair and electric/gas bill our custom landlord development programs to vacancies... To various circumstances, no other new competitors are expected near to this business has a loyal customer base has... Vending but plenty of room for drinks/snacks and games to boost profit an. Have a web site to improve the retail yearly gross sales cookies to to make sure you have the of... Cash business, sometimes laundromat owners dont have all their financial documentation in order 40,000 includes! Laundromat business, do n't miss this rare opportunity to own a coin operated 24/7 laundromat self! Listing if you are a real buyer, ready to get into the care! Providing superior customer service and convenience to no maintenance costs for new owner saw opportunity... Financial topics as an Aloha laundry Life Master Licensee, you might confused... Help you create a consistent revenue stream 20-50 lbs electric/gas bill that Manhattan customers expect 10 years our... Competitors are expected near to this business information Atwater or surrounding areas on competition! And eighteen ( 18 ) dryers sell at $ 40,000 and includes all equipment inventory.

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