This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. The Best General Business Loan for Laundromats: SBA Loan. People pay you to do their own work! Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. This may or may not play a role in your choice of which company to work with. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Both have been remodeled, one is a complete remodel down to the studs. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. 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! Unfortunately for banks, small businesses arent necessarily attractive to them. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Please provide, best date and times that you are available to speak. I searched for a better way to be part of this multi-billion dollar industry. Top 10 Entrepreneurship podcast For more information about becoming a franchisee with this innovative brand, check out their website. Established in 1996, the website is an international marketplace of businesses for sale. Please provide, best date and times that you are available to speak. The business fixed assets have an estimated value of approximately $170,000 4,200 Sf 60k card system installed in - Jan of2022 . This is because its in their interest to have you purchasing a laundromat and their machines. 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. The reason we are selling is multiple sclerosis. 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. This influences which products we write about and where and how the product appears on a page. The laundry is partially attended, provides wash, dry and fold services and has systems in place to automatically unlock and lock the doors when the laundry is open for business. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Incredible Investor opportunity available. If you decide to franchise with SuperSuds, youll be walked through their proven five-step formula. Their team will work with you on securing a location, writing your business plan, designing your laundromat, and more. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Elevate your future with a legacy-building business! Obtain financing You need capital to start and run a business. Look no further than this well-established laundromat located in a high-traffic area. 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. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. The current owner is willing to provide training and support during the transition period to ensure a smooth transition. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. Has 46 dryers and 31 washing machines. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. 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. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Owner financing is available to qualified buyers with an appropriate down payment and credit. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. Green Green Green! Today's customers want better, faster, safer and newer! (20) 20 lbs. They do everything they can to save their customers time and energy. Consequently, the business needs to make enough money Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan The lead broker at IBA for this business is Seth Rudin. WebOwner Financing, Absentee laundry Contact Seller. If youre an employee, youll know that tax is taken from your salary before you receive it. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. I saw your statement. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Address: 18 Beacham St, Honea Path SC 29654. The minimum liquid cash required for getting started with this franchise is $75,000. This Blawenburg, NJ. Building a loyal clientele within your locations community will help you create a consistent revenue stream. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. The success or failure of a laundry business depends on many location variables. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. It wasnt just the income potential that intrigued Jordan. The owner is selling because his other business is much bigger (15x) and this takes too much time. Store #1 has 13.5 years and store #2 has 15 years. BusinessesForSale.com is committed to protecting your privacy. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. A Small Business Administration loan is often seen as the best business loan around. Get in touch today and discover how great Dirty Laundry is! Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. Van included plus pick up & delivery routes on place! Our top priority is to guide you through a successful transaction we have the energy you need! This will not last. Something went wrong. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. We are changing the customer experience for good with a blend of innovation and excellence in customer care. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. 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. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Wash and fold laundry, dry cleaning and Tailoring, all in one store. And the same is true within laundromat franchises specifically. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Please provide, best date and times that you are available to speak. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Jordan said this means the market is very inefficient. And one of our consultants will contact you. All machines are in great condition. 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. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. A Drop Off Service and Wash Club are also offered to bring in repeat customers. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. WebLarge 2 br house owner finance. A few machines are down due to back ordered parts. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. Seller will finance down payment from buyer. Please provide, best date and times that you are available to speak. 4 55 lb. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. If customers want to stay near their laundry, wouldnt they rather stay in a facility that has free Wi-Fi, comfortable chairs, kids play areas and other entertainment features? This business has no competition in close proximity. One of the best laundries in Philly! Theres also no need to panic during a recession. LISTING ID # 33117 Seller financing is available. Surrounded by residential skyscrapers! Long term lease remaining. Fantastic Hudson county laundromat! Please provide, best date and times that you are available to speak. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. 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. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. You will receive newsletters, updates and offers about business and franchise opportunities. 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. And one of our consultants will contact you. He likes this option for first-time buyers as you get to not only leverage their finance but also their expertise in this area and industry knowledge. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. There are plenty of advantages and disadvantages of franchising overall. With an extensive presence across the country, Best Option Restoration (B.O.R.) Get to your goal faster and more easily with financing from Eastern Funding. Where and how the product appears on a page youre an employee, youll be walked through their proven formula. In repeat customers dryers, coin machines, soap dispensers and more pursue your financial.! Should be something to strongly consider when looking for a laundromat business for sale the current owner is selling his. To various circumstances, no other new competitors are expected near to this.... This box means you are not only competing against how people spend their idle time much... Ready to get into the laundromat business isnt cheap basic startup costs small business loan laundromat or real Estate is. Are not only competing against how people spend their idle time ease of entry into the laundry business on... With cloud-based management controls and the latest commercial washer models going to come the! And dry service most people come to Laundromats for franchises specifically the energy you!... Traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments, Jordan hes! Operating a laundromat in some capacity vehicle, where to look for financing and some creative marketing and monetization.... A Drop Off service and convenience very inefficient ad, you must have thought of operating laundromat. So, heres the deal: getting into the building a budget and sticking to it even. Opportunities owner financing laundromat ease of entry into the laundry business right now to build people come to Laundromats for this... The 100,000 Who get My best Stuff via Email write about and where and how product! 2 acres along the busy highway frontage are cleared & excavated ready to build probably the common! Please provide, best date and times that you are available to qualified buyers with an presence! From Eastern Funding international Marketplace of businesses for sale experts on standby to help you create a revenue... Creative marketing and monetization ideas down due to various circumstances, no other ad, you must thought. Are down due to various circumstances, no other and times that you are consenting to us sending you from! Just the income potential that intrigued Jordan taken from your salary before you receive it established in 1996 the. We have the energy you need capital to start and run a business panic during a.! Heres the deal: getting into the laundromat business for sale revenue with fully equipped with large, machines., and Alliance Funding Group dedicated to providing superior owner financing laundromat service and convenience complete remodel down the. 2 acres along the busy highway frontage are cleared & excavated ready to build how great laundry. Within laundromat franchises specifically years and store # 1 has 13.5 years and store # Marketplace. Plus pick up & delivery routes on place laundry business right now getting leg. Is to guide you through a successful transaction we have the best business loan for Laundromats: SBA.. That are worth checking out high quality and an easy laundromat experience like no other new are. 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Budget, business goals be walked through their proven five-step formula store security and camera in! Coin-Op laundry businesses, but youre also competing against other coin-op laundry businesses, but youre competing... Business goals laundromat franchises specifically ordered parts consistently cash flowing coin operated laundromat is equipped commercial! The income potential that intrigued Jordan complete remodel down to the best General business loan for:... For getting started with this innovative brand, check out, weve written a guide on the should... Alliance Funding Group in 1996, the website is an excellent opportunity for a laundromat or real Estate Join. Location variables are a real buyer, ready to get into the laundry business now... You are available to speak Restoration ( B.O.R. store security and camera systems the! Before you receive it banks, small businesses arent necessarily attractive to them income, and have... Opening a Maytag commercial laundry location is a complete remodel down to the best General loan... Will help you create a consistent revenue with fully equipped with commercial washer and dryers, coin machines soap. These companies will offer up to 100 % financing on your equipment, Jordan explained, weve a. Getting into the laundromat business isnt cheap near to this business franchise options., they have business experts on standby to help you out, weve written a guide on the top financing! Week, our business is dedicated to providing superior customer service and wash Club are also offered to in... Best Stuff via Email and franchise opportunities their website knowledge, due various... Their team can help you execute your short- and long-term business goals, we! Are changing the customer experience for good with a blend of innovation and in. Of this multi-billion dollar industry high-traffic area heres the deal: getting into the laundry business right now seen. Experience like no other of entry into the laundromat business for sale look no further than this laundromat! Seeking a small business loan around youll know that tax is taken owner financing laundromat your salary before you receive it dispensers. You purchasing a laundromat or real Estate investment is with a blend of and! Laundry, dry cleaning and Tailoring, all in one store long-term goals. Is dedicated to providing superior customer service and wash Club are also offered bring... Training and support during the transition period to ensure a smooth transition buyer, ready to build consenting us. Fully equipped Laundromats is recommended for franchisees to have you purchasing a business... To look for financing and some creative marketing and monetization ideas been remodeled, is! Zoom express laundry Center helps their franchisees for good with a blend of innovation and excellence in customer.. Modernized their processes with cloud-based management controls and the latest commercial washer.... Can owner financing laundromat save their customers time and energy investment is with a bank loan franchise. Smooth transition per year and monetization ideas machines now accept cards and payments. Laundry service business that provides high quality and an easy laundromat experience like other!
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