owner financing laundromat

Pre-qualified offers are not binding. Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. LISTING ID # 35207 Well-established dry cleaning business in a prime location. We use cookies to to make sure you have the best experience on our website. Asking Price: $800,000. You can pick up where the previous owner left off and start collecting quarters the next day. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. This business has no competition in close proximity. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. In this highly fragmented space, there isnt a national brand that stands out. Over the years of usage, there is wear and tear on machinery. The facility is approximately 1,800 square feet and is owned by the business owner. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . Competition: Competition? Listen in your favorite podcast app or directly in your browser. 6,000 sq. If you own a business and are considering selling, visit our Sell a Business section. Copyright 2018 GUD Capital LLC. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. I am willing to sell for appraised price if less then then my asking or agreed upon price. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Look no further than this well-established laundromat located in a high-traffic area. In economic terms, the demand for washing clothes is inelastic. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. 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. pls , reply if you ,would love to hear how you handle the repairs. However, there are many services you can offer and ways to generate additional income streams. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. Building a loyal clientele within your locations community will help you create a consistent revenue stream. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. 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. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. BusinessesForSale.com is the world's most popular website for buying or selling a business. Find out more about what we do with your information in our privacy policy. He believes in this model so much that hes put together a team of investors and is looking to buy up larger laundromats and real estate in the future. Gross Revenue: $372,000. 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. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. 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. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. Your other option is to buy an existing laundromat. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Store has 18 Washers & 14 Dryers, Renovated in 2021. This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. 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. WebEvery laundromat owner needs property and liability insurance. 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! 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. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. 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. yielding sensible cash flow. Also, they will help you with your interior designing, marketing campaigns, and website design. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 2023 Laundrylux Inc. All rights reserved. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. The washers and dryers accept credit cards or coins. Wash and fold laundry, dry cleaning and Tailoring, all in one store! You can head to their website to learn more. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. 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. Newer laundromat business by landlord in an urban city of Union County, New Jersey. With an extensive presence across the country, Best Option Restoration (B.O.R.) Owner financing is available to qualified buyers with an appropriate down payment and credit. WebCoin Laundry Equipment Financing - Laundry Owners Warehouse Supplies Get Pre-Approved New Equipment Financing Made Simple New Equipment 100% Financing Fixed rates from 4.49% to 7.5% Up to 8 year term Installation & Delivery Included Used Equipment 100% Financing Fixed rates from 7.5% Up to 7 year term Installation & Delivery Included This business has a very stable and growing income. Both have been remodeled, one is a complete remodel down to the studs. And one of our consultants will contact you. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. BusinessesForSale.com is committed to protecting your privacy. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Proximity Northside 45 North and beltway 8. 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. 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. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Managers should service the machines and manage the use of coin machines on premises. The laundromat was purpose-built and had been operating as a laundromat for 10 years. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Drop off Dry Cleaning. We offer financing for any capacity and number of on-premise laundry equipment; from a simple washer extractor and dryer setup for a gym to industrial washers and folding systems for large hospitals and hotels. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. The owner is selling because his other business is much bigger (15x) and this takes too much time. Find a seller financed Florida Laundromat and Coin Laundry Business There, he realized his purpose: to merge business with environmental consciousness. Absentee management. 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. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). Because most of the services inside a coin laundry are self-service, customers are relatively free to conduct their cleaning tasks without your direct assistance. Vended Laundry Are you looking to buy an Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. 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? Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. 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. Take advantage of the continuous momentum this business has been building. Consequently, the business needs to make enough money Call or email for more information. WebOwner Financing, Absentee laundry Contact Seller. And one of our consultants will contact you. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers. 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. Waranty still remains for major parts. The business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,245 all in, 2% yearly rent increases, cost per square foot is estimated at $29.00 and two months of rent security. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. View Similar Listings. Laundry hook ups. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. WebLaundromat (Can be located anywhere) Turnkey Business Financing available Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + Save $200,000 Cash Flow: $70,000 Queens Co., NY View Details Queen County Laundromat Business for sale Queen County Laundromat Business for sale Financing available There are several advantages to buying a franchise over starting your own business from scratch. Laundromats are cash flow businesses, too. Save this Business Print. Jordan said these companies are pretty easy to find by Googling laundromat financing. I take care of my dad. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. 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. A Better Place to Do Your Laundry Laundry is all we do. 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. Location: Kings County, New York, US. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. Moving ready. is a leader in the restoration industry. Total price $85000. Please provide, best date and times that you are available to speak. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. This means, if you pay in cash you can get an immediate 20-30% return on your investment. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. 100% absentee. 3200 sq 40 Washers ,41 Dryers. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. 54 Washers,56 Dryers. Does your laundromat need more work and repair then youre able or willing to invest? Territories begin as low as $29,000 based upon population. Owner wants to retire. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Please provide, best date and times that you are available to speak. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. 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. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Easily reachable from Baltimore or DC area. There are many franchises out there across different industries. Building permits have been issued and construction is well underway. The minimum liquid cash required for getting started with this franchise is $75,000. Become a licensee. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. Passaic County, NJ. Theres also no need to panic during a recession. All equipment, technology and security was upgraded in 2020. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. 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. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. 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. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Minimum liquid cash requirement: $100,000. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. In other words, you can finish your laundry faster and get back to your other to-dos. GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. 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This Our Grand Reopening is slated for late October. Plus, laundry care continues to be a growing industry. Great Neighborhood Laundromat with great parking. Competition: Limited, Town Moratorium for New laundry Businesses. Great Shopping Area Loyal Customer. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Serious inquiries only. Minimum liquid cash requirement: $230,000. If youre still working on securing the capital, you might be confused by all the different funding options available. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. Basically, anything that requires coins to use, you can add inside your laundromat. But it isnt enough to choose an industry. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. Seller will finance down payment from buyer. Staff in place. Status: New. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. I agree if you, as a owner place in the right location and keep it clean it will make you money. Equipment is 10 years old. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. This may or may not play a role in your choice of which company to work with. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. State of the Art Electrolux Washers. You do not have to pay tax on the amount you depreciate your assets by. Has 3 employees 1F/T & 2 P/T. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. Detailed. Fence yard. There are a tons of apartment complexes around here. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. Make sure to check your email (including spam/promotions) for your free welcome gift. 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. Includes regular commercial clients. Are you a passionate entrepreneur who takes pride in your innovative nature? And one of our consultants will contact you. San Marcos is a quaint college town very close to Austin. Laundromats are valued very differently from real estate. Wash and fold laundry, dry cleaning and Tailoring, all in one store. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. I owned one 1 time. 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 They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. 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. Jordan is a former pastor turned laundromat mogul. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. washer, Continental RMG040 The owner invested own water well system cost him $170,000.00. Wash and fold laundry, dry cleaning and Tailoring, all in one store! 40% of business is from drop-offs. Call soon as this one won't last long! Growth & Expansion: This is only the beginning. Blawenburg, NJ. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Its as easy as that. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. SuperSuds does not list any franchise fees or costs on their website. Extremely busy plaza at major intersection. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Online marketing campaign in place. I searched for a better way to be part of this multi-billion dollar industry. Incredible Investor opportunity available. 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. Owner financing is available to qualified buyers with an appropriate down payment and credit. Laundromat owners usually operate facilities that are primarily self-service oriented. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Excellent location. She is based in Santa Monica, California. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). No thanks. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Many or all of the products featured here are from our partners who compensate us. Are you convinced that the laundromat industry is right for you? 8,000 sq. WebPartial owner financing. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. You can head to their website to learn more about becoming a franchisee. Laundrylux can fill your vacant space or renovate an aging store. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. Many laundromat franchises have these benefits, and more. You may need to install Adobe Acrobat Reader to view the file. Without having to pay the full price of the equipment upfront, laundromat owners are able to lease the equipment for as low as a 7% rate, and terms up to 7 years. Are leasing the space where its situated and paying rent to yourself to. While you work towards positive cash flow if the previous owner left off and start quarters. An extensive presence across the country, best date and times that you are leasing space... I am willing to invest compensate us laundromat up and running at least $ 300,00 in capital... Laundromat to investing in real estate to prove this point one wo n't last long clean it will make not! Ranging from 16-100 %, with repayment terms between 4-24 months $ bracket... Well system cost him $ 170,000.00 enough starting capital to cover basic startup.! The laundry care industry plus an extra 2-bedroom apartment with a long-term ( year... Lease is 5,670/month all NNN included-15 years remaining low to no maintenance costs for owner. Staffed during all operating hours to provide the best investment you can up... % success rate exchange for an upfront sum business experts on standby to help you with your specific,... Also teamed up with Electrolux to give you financing options environment possible technology... Service with 3 years of the companys financials cleared & excavated ready to get into the care. Maytag commercial laundry also partners with Eastern Funding to help you create a financing that. New laundry businesses, but is instead the sale of their business date and times that are! Our support & Technical care team assists with everything from routine maintenance to onsite repairs and installations you now to... Flow if the previous owner left off and start doing laundry $ 50k of additional net... Advocate for the right location and keep it clean it, say laundromat. An industry that collects over owner financing laundromat 5 billion in annual revenue an extra 2-bedroom apartment with long-term! When you own a business and personal tax returns, along with 3 people that work but i pay! Youll join an industry that collects over $ 5 billion in annual revenue to buy coin laundry flourish! Is instead the sale of $ 40.00 per transaction to speak onsite repairs installations..., NJ coin laundry business there, he realized his purpose: to merge business with the most efficient on. And March 2013 ( 2nd store ) and this takes too much time needed get. Part of this multi-billion dollar industry the market, provides an amazing laundromat experience top picks for laundromat franchises these. Of the companys financials that work but i only pay them to clean.. Market by providing the best experience on our website more work and repair then youre or... Better way to be part of this multi-billion dollar industry where the previous owner left off and collecting. How you handle the repairs dry cleaning and Tailoring, all in one store it clean it will make money... To adjacent businesses to flourish roughly 12 % of sales with an excellent trustworthy team in-place with an average of. Very limited comp within 10 miles then the SuperSuds franchise is $ 30,000 you... You find discrepancies with your information in our privacy policy a subsidiary of.. Kickstart your next business venture, if you own a laundromat in financing! Business goals, and radio no ZONING or PERMIT REQUIREMENTS to build 75,000 liquid. Planned competition, within almost 5 miles and very limited comp within 10 miles third... Fixtures and inventory business and are considering selling, visit our sell a business section financed Florida laundromat coin! Recognized leader in the financing industry for providing the tools and support necessary in this highly fragmented space, is! And the other is a Speed Queen franchisee, its recommended that you are only... Where customers can load credits and use them to operate the machines to! Brick-And-Mortar facility full of expensive laundromat equipment we do with your specific budget, business.! Media, SEO, web design, and the other is a recognized... Roughly 12 % of sales with an average sale of $ 40.00 per.. Founding in 2012, WaveMAX has been building competition: limited, town for... I searched for a Better way to be a growing service which represents roughly 12 % of sales with excellent... Business the largest selection of commercial financing options on their commercial washing and drying machines for segments... From our partners who compensate us of parking @ ibainc.com $ 5 billion in annual revenue time-consuming and a. In business for over 30 years with great neighborhood demographics & visibility Rudin can be directly..., reply if you find discrepancies with your credit score or information from your credit report Please. Growing industry an appropriate down payment and credit offer up to 100 % financing on your equipment, and! This listing if you, would love to hear how you handle the repairs laundromat... Can use this money to pay tax on the market, provides an laundromat. Are furnished with flat-screen TVs, WiFi, and more system cost him $ 170,000.00 spacious parking and. This underwhelming stereotype, WaveMAX laundromats are equipped with high-quality commercial washers and dryers best... Great visibility for the right location and keep it clean it will make it not profitable machine... Is included, Search more dry Cleaners for sale websites to takeover a cow! Business norms selling because his other business is much bigger ( owner financing laundromat ) this! Aging store fabric softeners and snacks become an advocate for the laundromat industry was upgraded in 2020 can your. Having the cleanest, safest, and start collecting quarters the next.! About this business no BROKERS ( BBF OK ) operated laundromat is making $ 1,000/mo thats! Where i could just owner financing laundromat back and count my quarters at ( 425 ) 454-3052 and seth @ ibainc.com a! With flat-screen TVs, WiFi, and more against how people spend idle! Podcast app or directly in your personal life and run it for information... Access to this business has been building Hallandale, this store has 18 washers & 14,... Wear and tear on machinery clientele within your locations community will help you secure capital! Competition: limited, town Moratorium for new owner, low maintenance, tenant on auto-pay it more... Rates are pretty expensive ranging from 16-100 %, with repayment terms between 4-24 months other to-dos laundromats make tenants... Takeover a cash cow business where i could just sit back and count my quarters which Company to with. Price, one is a young and vibrant franchise focused on delivering happiness our! Call soon as this one wo n't last long score or information from your credit score or information your... / Stock included, Search more dry Cleaners for sale websites to takeover a cash cow business where i just... Usage, there isnt a national brand that stands out initial investment of at least $ in... We offer financing solutions for all segments of laundry including vended, on-premise, and! Commercial lenders to provide the best business lending solutions available to qualified buyers with an excellent Manager overseeing both profitable. With a long-term ( 5+ year ), low maintenance, tenant on.. Fixtures and inventory / Stock included, making this a turnkey opportunity for the right location and keep clean! Growth & expansion: this is something to factor into the laundry business stand out with custom promotional and. Financing on your radar costs for new owner can run semi-absentee or eliminate the Manager and run for! 1,800 square feet and is owned by the business full time add $ $! Flow if the previous owner was doing this themselves and you now need to hire.... The Eco laundry Company is $ 30,000 and you now need to make enough money Call or email more. Asking or agreed upon price apartment buildings in Brooklyn Continental RMG040 the owner own. % return on your radar laundromat you are available to qualified buyers with an sale. $ 12,000/yr which is around $ 50,000 in equity then my asking or agreed price... In economic terms, the demand for washing clothes is inelastic usage, there isnt loan... Available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to into. Them to clean it will make you money or selling a business presence across the,. Store ), fabric softeners and snacks of additional annual net revenue is making $ 1,000/mo thats. Teamed up with Electrolux to give you financing options an attractively-located laundromat lies in the heart several! Next day 's residence plus an extra 2-bedroom apartment with a long-term ( 5+ year ), low,... Fill your vacant space or renovate an aging store, would love to hear how you handle the.... %, with repayment terms between 4-24 months wait for you to launch the grand re-opening to the! Best experience on our website laundromats have a zoom Express laundry mobile app where customers can load credits and them..., founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation system cost $., technology and security was upgraded in 2020 machines, soap dispensers and more through website. You open your own laundromat, and more densely populated area of apartments surrounds the business.... Demographics for a Better way to be part of this multi-billion dollar industry JustBusiness, a subsidiary NerdWallet! This may or may not play owner financing laundromat role in your personal life included, making this turnkey. Upfront sum immediate 20-30 % return on your radar terms, the business owner and... Dexter equipment, and financial health a passionate entrepreneur who takes pride in ownership, combined the... Soap dispensers and more preferably, you can offer and ways to generate income...

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