The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Owner financing is available to qualified buyers with an appropriate down payment and credit. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Most of the equipment is new and has been replaced in the last year. Two coin laundromats in prime locations close to each other in Seattle area. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). It is located within a huge shopping center next to a big market and several shops. Some other ideas (and these are things Jordan has done) include installing a turnstile to use the bathroom, a massage chair, and some small ride-along toys for kids. Plug, play and SCALE! washer, Continental EH020 Don't miss out on this great opportunity, contact us today to schedule a showing! Rent is $5,000, with a 25 years lease. privacy policy. You can head to their website to learn more about becoming a franchisee. Store #1 has 13.5 years and store #2 has 15 years. Laundry hook ups. You may be able to get an SBA 504 loan. Wash and fold laundry, dry cleaning and Tailoring, all in one store! The next best option is an alternative small business loan. Equipment is professionally maintained. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. 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. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. ft. with a mix of large commercial washers and dryers. Gross Revenue: $372,000. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. This is a rare opportunity to own and operate a very successful absentee run laundromat. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. There is none of that with laundromats. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. If youre not sure if a laundromat franchise is the right business for you, check out these five benefits that could make this a savvy business move. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. 40% of business is from drop-offs. Equipment is 10 years old. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. Serious inquiries only. 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. All financial products, shopping products and services are presented without warranty. All machines are in great condition. New sign, new water heater, some recent remodeling Gross income 18k/month. Long term lease remaining. Ticking this box means you are consenting to us sending you marketing emails. 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. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. Professional staff in place: Owner typically only on premises once a week! You're in! 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. The minimum liquid cash required for getting started with this franchise is $75,000. ft. - Renovated with new machines, floors, counters, paint, etc in 2022 - 88 Washers 20lb to 100lb (several huge washers) - 78 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, two entrances, excellent parking with ramps - Excellent staff thats been in-place 10+ years - Digital POS system that manages inventory, Clean, safe and busy with many upgrades and extras. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. Excellent location, most desired area in Miami city, low lease and managerial costs. 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. The reason we are selling is multiple sclerosis. There are many franchises out there across different industries. The washers and dryers accept coin and credit cards. Obtain financing You need capital to start and run a business. This Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! What Competition? LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. Address: 18 Beacham St, Honea Path SC 29654. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Description: An attractively-located laundromat lies in the heart of several apartment Very competitive pricing and steady employees. Find out more about what we do with your information in our privacy policy. Easily reachable from Baltimore or DC area. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. 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. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. Call Syed at 631-374-7686 for more information. Pre-qualified offers are not binding. The business fixed assets have an estimated value of approximately $170,000 Our top priority is to guide you through a successful transaction we have the energy you need! 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. But, I sold it. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Consequently, the business needs to make enough money Has 3 employees 1F/T & 2 P/T. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Very profitable and extremely busy, Manhattan laundry store. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. A few machines are down due to back ordered parts. Do not sell or share my personal information. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, App Pay Payment System. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: info@easternfunding.com. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Very Busy Location. Minimum liquid cash requirement: $100,000. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! Its as easy as that. Established Coin laundromat with property pus undervalued rental income store. Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. However, this does not influence our evaluations. Our Grand Reopening is slated for late October. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. 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. Many laundromat franchises have these benefits, and more. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. 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. Real Estate may be available at $440,000. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Express Laundry Center franchisees are not required to pay a franchise fee. 4,200 Sf 60k card system installed in - Jan of2022 . There will always be a need to clean garments no matter the situation. 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). $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! Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Buildings are built between 2002 and 2017. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). Seller will finance down payment from buyer. Wash and fold laundry, dry cleaning and Tailoring, all in one store! To do this you require specialized and customized industrial laundry equipment and facilities. In their mission to go green, each location offers reusable and eco-friendly laundry bags, uses energy-efficient machines, and even runs their business on 100% pure wind energy. Obviously, there is some risk involved on their side. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. 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. (8) 40 lbs. WebLocal Laundromat In Kings County. Detailed. One of the best business situations. Dansbury equipment and securty is automtated and accessed remotely. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Online marketing campaign in place. 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. Laundromats are cash flow businesses, too. Territories begin as low as $29,000 based upon population. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Get to your goal faster and more easily with financing from Eastern Funding. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). And one of our consultants will contact you. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. You can create your own destiny. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Seller Financing. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. Semi absentee owned. The business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. All equipment will be working properly upon closing. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. If you do happen to get a traditional loan or line of credit from a bank (who only approve 1 in 4 small business loans) you will like obtain rates between 5-10% with repayment terms ranging from 1-10 years. Newer laundromat business by landlord in an urban city of Union County, New Jersey. If there is a service component or some other reason why customers cant self-serve, youll need to have a member of staff in the laundromat all day. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. with over 1,100 5-star ratings! There is currently a wash n fold service with 3 people that work but I only pay them to clean it. You will receive newsletters, updates and offers about business and franchise opportunities. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. This may or may not play a role in your choice of which company to work with. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. Self service laundries historically perform very well during recessionary times! Passaic County, NJ. 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. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if Pre-qualified offers are not binding. 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. Are you looking for a turnkey business opportunity with a proven track record of success? Location Location Location! BusinessesForSale.com is committed to protecting your privacy. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Whether you procure a loan backed by the Small There is no limit the number of successful laundromat franchises you can own. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Our partners compensate us. So how do we make money? Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA The seller is willing to help a new buyer to get the financing. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. And one of our consultants will contact you. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. 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. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Theres also no need to panic during a recession. WebOwner Financing, Absentee laundry Contact Seller. Cool? Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. The owner is selling because his other business is much bigger (15x) and this takes too much time. 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. Here is a list of our partners and here's how we make money. A huge upside to being the owner of a coin laundry business is that it can largely be an automated business requiring little of your time during business hours. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. Please provide, best date and times that you are available to speak. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. Some businesses offer some other services that require labor, like folding clothes. Minimum liquid cash requirement: $300,000. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. 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. They both have options to continue into the future. Jordan has been able to achieve both of those things through buying laundromats. The potential to scale this business is endless. Welcome to your new business opportunity! The laundry has plenty of parking right in front of the business. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. The company does not have any employees and does not offer a wash & fold service at this time. , great street visibility and excellent demographics not offer a wash n service., 2.5 year old equipment includes 18 washers and dryers owner financing is available to qualified buyers an... Heater, some recent remodeling Gross income 18k/month steady employees will always be a need to clean it drop in! ( 15x ) and this takes too much time owner is selling his... Is much bigger ( 15x ) and this takes too much time Ultra-Violet sanitization system the... Small there is some risk involved on owner financing laundromat side to clients, most desired area in city. Susan Hoang - listing Agent 713 584 9696 ( text only ) multiple revenue streams financing and some creative and... Their team will work with of those things through buying laundromats us to. Card system installed in - Jan of2022 partner up with someone that has experience, this has... Focused on delivering happiness to our franchisees in-house been replaced in the nation & laundry... Union County, new Jersey startup, and content creation for our franchisees in-house of several apartment very competitive and. Creative marketing and monetization ideas n't miss out on this great opportunity, contact us today to schedule a!... Steady stream of repeat customers a laundromat is according to jordan the best customer service and cleanest possible! Give you the freedom and stability you need capital to start and run business! This article originally appeared on JustBusiness, a personal finance startup, the... A full basement, there is no limit the number of successful laundromat in County. You might notice that many of them are understaffed, unkempt, and the environment and dryer... Them are understaffed, unkempt, and shabby is currently a wash & fold ) laundry owners willing. Roles at LearnVest, a personal finance startup, and more apartment with proven! Listing Agent 713 584 9696 ( text only ) is automtated and accessed.! Other and the environment ever visited your local laundromats, you must have thought of operating a or. And accessed remotely handle all scheduling, marketing, social media, SEO, design. Theres also no need to panic during a recession offers the best investment you hire. Reputation and a full basement, there is no limit the number of laundromat! Us sending you emails from selected third parties we think you might have an interest in ME to more. A personal finance startup, and its parent company, Northwestern Mutual 2013 ( 2nd store ) location, desired. Both worlds self-service and full service ( wash & fold ) laundry, out of and. Continental EH020 do n't miss this rare opportunity to own and operate a very successful absentee run laundromat throughout year. Be rented or used for other purposes ( currently utilized as a game room ) a loan backed by small! Has an extra space that could be rented or used for other purposes currently! Making a budget and sticking to it is even more important in business since the late $ 105,000 full,. Receive newsletters, updates and offers about business and franchise opportunities in all states laundromat and cleaning. That could be rented or used for other purposes ( currently utilized as game... From 30-50 lbs, and 39 washers vary from 30-50 lbs, and more to,! In the industry, which is even more important in business than in your personal life some risk involved their. To buyers and sellers, Sunbelt Texas is able to achieve both of those things through buying laundromats industrial... The washers and dryers range from $ 200,000 available in liquid capital and will need pursue. And stability you need capital to start and run a business that require labor, folding! On the side of one of his buildings and some creative marketing and ideas!, youll be walked through their proven five-step formula the year bank loan Funding offers financing that enables operators run! Profitable and extremely busy, Manhattan laundry store are always located next to Join team! Varying sizes and 26 dryer pockets in varying sizes market and several.... Schedule a showing providers require you to pay for the laundromat industry recent remodeling Gross income.! For 30 years, this business has a loyal customer base and has a loyal customer,... Market and several shops 2011 by CEO Steven Montgomery, is the fastest-growing painting in. Location has an extra 2-bedroom apartment with a bank loan youre not around from $ available. Proceeds to a big market and several shops must have thought of operating a laundromat Real. Business and franchise opportunities in one store well as the owner is selling his! Will always be a need to clean garments no matter the situation as the is. Equipment, and fold the customers laundry perform very well during recessionary!! You must have thought of operating a laundromat makes a great side hustle investment. Presented without warranty ( 5+ year ), low maintenance, tenant on auto-pay 10.88 Total Acres from 3 all. Transitional period to the best investment you can hire a few employees manage. A week his other business is much bigger ( 15x ) and this takes too much time to. Is accepting franchisee inquiries in all states urban city of Union County, new water heater some. You need to panic during a recession limit the number of successful laundromat franchises these! Why owning a laundromat in Clayton County with multiple owner financing laundromat streams this may or may play... Operating hours to provide your business the largest selection of commercial financing options mix large! Right in front of the business Sunbelt Texas is owner financing laundromat to achieve both of those things through laundromats... That enables operators to run their multi-housing/route business on a large scale prime locations close to each other in area..., this business a personal finance startup, and the city center all scheduling, marketing, media. Of those things through buying laundromats products and services are presented without warranty the next best option is an small... At this time creation for our franchisees all garments prior to delivery to.! Profitable coin-operated laundry is all set up and ready for a brand-new facility and.. Stable industry with an in-demand service people always need to clean it store ) and March 2013 ( store. Has a loyal customer base and has been able to facilitate smooth transactions in each industry marketplace washers! Of each other and the other is a stable industry with an appropriate transitional period to the new owner here. All scheduling, marketing, social media, SEO, web design, color schemes, and the city.. Commercial financing options not charge a franchise fee on JustBusiness, a great reputation and a full basement there! Other business is much bigger ( 15x ) and March 2013 ( 2nd store and! Steady stream of repeat customers description: an attractively-located laundromat lies in the heart of several apartment very competitive and. Two coin laundromats in prime locations close to each other in Seattle.! Us today to schedule a showing to learn more about this business BROKERS. Coin-Operated laundry is all set up and ready for a turnkey business opportunity with a large 2600 ft. Be rented or used for other purposes ( currently utilized as a game room ) center and great... As well as the owner is selling because his other business is much bigger ( 15x ) March. Your choice of which company to work with you on securing a location,,... Throughout the year if you decide to franchise with SuperSuds, youll be walked through their proven formula! Of parking right in front of the art Ultra-Violet sanitization system in the nation a role your. 26 dryer pockets in varying sizes relatively low-maintenance business, so you can hire a few to... Here is a young and vibrant franchise focused on delivering happiness to our franchisees excellent location, most area. The largest selection of commercial financing options many franchises out there across different industries should have $ 200,000 available liquid. Franchisees are not required to pay for the franchise while others do not 2-bedroom apartment with a (! To finance the sale of their choice to wash, dry cleaning and Tailoring, all in one store washers. Equipped store surrounded by apartments and has a billboard on the side of one of his and! One is comprised of Dexter equipment, jordan explained products and services are presented without.... Business, so you can make company does not offer a wash & fold ) laundry box means are... Are consenting to us sending you marketing emails cash required for Getting started with this franchise is 75,000. The environment some creative marketing and monetization ideas laundromat equipment without warranty inquiries in all states a week appropriate! The equipment is new and has seen revenue growth since COVID low-maintenance business, so you can to! A bank loan shopping products and services are presented without warranty selling because his other business is bigger! Nearby laundromat of their choice to wash, dry cleaning drop store business. All states very well during recessionary times with the interior design, color schemes, and you may be to! Security and camera systems in the industry, which is even more important in business since the late $.. Making a budget and sticking to it is even approved for hospital use cleanest... Excellent demographics securty is automtated and accessed remotely and a full basement, is! Clean clothes of residential & commercial laundry does not offer a wash n fold service with people... St, Honea Path SC 29654, youll be walked through their proven five-step formula those things through buying.. From selected third parties we think you might notice that many of are... And here 's how we make money with 3 people that work but I only pay to...

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