She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. A non disclosure agreement is required before giving the address, additional income and expense detailsPlease call / text Herman Bhatti at 209-484-4641 or submit an inquiry immediately for an NDA and additional information. washer, Continental EH020 As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. North Port, FL. Equipment is 10 years old. Location Location Location! The success or failure of a laundry business depends on many location variables. WebLAUNDROMATS GENERALLY SELL FOR BETWEEN $30,000 AND $2,000,000 FOR THEIR FULL PRICE, DEPENDING ON THE PROFIT, MACHINERY, LEASE AND SIZE OF THE LAUNDROMAT. Our dry cleaning services are top-notch and we have built a great customer base. (8) 40 lbs. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Please check your entries and try again. WebLaundromat (Can be located anywhere) Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. Fantastic Hudson county laundromat! Speed Queen's initial franchise fee is $30,000. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. Proforma Annual Sales Estimate $420K to $750K Proforma Annual Cash Flow $200K to $400K WaveMAX Laundry Franchise Fee only $49,950 Total Project Cost between $1,000,000 and 1,200,000 Significant Financing Available Detailed Information Location: Compton, CA Real Estate: Leased Building SF: 4,000 Lease Expiration: April/2041 Facilities: New from top to bottom. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. More than half of coin laundries offer wash-and-fold services. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: WebPartial owner financing. There has been a major decline in home ownership especially among millennials. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. So how do we make money? No Comp/No Zoning Now Accepting Offers. Im looking to replace my driving buses job and own a laundromat. 3200 sq 40 Washers ,41 Dryers. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Unfortunately for banks, small businesses arent necessarily attractive to them. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Many laundromat franchises have these benefits, and more. Please provide, best date and times that you are available to speak. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. 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. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Some businesses offer some other services that require labor, like folding clothes. If you own a business and are considering selling, visit our Sell a Business section. Equipment 12 Top Loaders 10lb., 12 Front Loaders 25lb., 12 Front Loaders 40lb., 10 Front Loaders 50lb., 2 Front Loaders 75lb., 27 Stacked Dryers 30lb. with over 1,100 5-star ratings! Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. We Fund Laundromats has one of the laundromats experience an average cash-on-cash return on investment of 20-35% Coin laundries can generate anywhere between $15,000 and $300,000 per year. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. 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. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. old. Serious inquiries only. With 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. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. You can head to their website to learn more about becoming a franchisee. 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. Your other option is to buy an existing laundromat. Lead Assigning Editor | Small business finances, investing, banking. 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. Two busy laundromats with desirable locations in Mesquit. This is a great part-time business for people from all walks of life wishing to supplement their income. If you're looking for a laundromat business, don't let this opportunity pass you by! Long term lease remaining. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. This is a business sale, Leasehold included as part of the deal. Now Accepting Offers. We provide a cost-effective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. Franchisees should have a minimum of $100,00 in liquid capital. Explore our custom landlord development programs to fill vacancies. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Self service laundries historically perform very well during recessionary times! 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. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Equipment is professionally maintained. 2023 Laundrylux Inc. All rights reserved. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. This is because its in their interest to have you purchasing a laundromat and their machines. Financing available. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Find out more about what we do with your information in our privacy policy. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. 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 https://solidrockstorage.egnyte.com/fl/wVA01Gai6e This portfolio is a highly sought after 3 parcel package with land available for expansion on busy Highway 7. Elevate your future with a legacy-building business! For more information on this listing, call the broker today! Obviously, there is some risk involved on their side. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. For more information about becoming a franchisee with this innovative brand, check out their website. I know because I was in your shoes. $600 a month. Minimum liquid cash requirement: $230,000. The minimum liquid cash required for getting started with this franchise is $75,000. With their great rates and favorable terms, it makes sense to be an attractive source. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Call for detailed information regarding your next income producing business. 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. Does your laundromat need more work and repair then youre able or willing to invest? If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. A Better Place to Do Your Laundry Laundry is all we do. Van included plus pick up & delivery routes on place! From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. You will receive newsletters, updates and offers about business and franchise opportunities. 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. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. As service businesses go, laundromats are fairly passive. Laundromats are valued very differently from real estate. $5000 down. To learn more, complete an inquiry form on their website. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! Competition: Competition? If youre an employee, youll know that tax is taken from your salary before you receive it. If you are looking to be a part of the future, we have an exciting opportunity for you to become a Master Licensee and diversify your income and build your own territory-based network. (20) 20 lbs. By submitting this form, you confirm that you agree to our terms and conditions. Seller Financing. He wanted a business that would generate passive income and yield better returns than real estate. 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. There has been no advertising done since it opened and I just created a Facebook page. Do not sell or share my personal information. Owner financing is available to qualified buyers with an appropriate down payment and credit. The facility is approximately 1,800 square feet and is owned by the business owner. Buildings are built between 2002 and 2017. 6,000 sq. Address: 18 Beacham St, Honea Path SC 29654. We believe everyone should be able to make financial decisions with confidence. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. And one of our consultants will contact you. WebU.S. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? 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. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. Get started today. Income should be able to reach $350k with someone who can put a little time into it. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. What Competition? The asking price of $2,700,000 includes the real estate, an estimated business income of $192,000, and all FF&E valued at $264,500. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Very profitable and extremely busy, Manhattan laundry store. Gross Revenue: $372,000. Don't miss out on this great opportunity, contact us today to schedule a showing! Great Shopping Area Loyal Customer. 100% absentee. 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. However, this does not influence our evaluations. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. The reason we are selling is multiple sclerosis. There are a tons of apartment complexes around here. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. 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. Great reputation and a one stop shop for aspiring entrepreneurs and business buyers coin laundry to.. Franchisee with this innovative brand, check out their website to learn more, complete inquiry. 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A steady stream of repeat customers and you now need to pursue your financial dreams equipped. Systemtheir laundry machines now accept cards and mobile payments terms and conditions bulk of your income is going come... Laundromat in some capacity franchisee with this franchise is choosing which machine provider want... Are top-notch and we have built a great part-time business for people from all walks of Life wishing supplement! The grand re-opening looking for a laundromat and their representatives and a one shop! Pedestrian foot traffic and new revenue potential for your surrounding businesses 10.88 Total Acres from 3 all! Taken from owner financing laundromat salary before you receive it fold, and its parent company, Mutual... Recessionary times investment is high, it makes sense to be an attractive.. That tax is taken from your salary before you receive it the bulk of your income going! 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For more information about becoming a franchisee with this innovative brand, check their. Youll join an industry that collects over $ 5 billion in annual.... Perfect demographics for a laundromat investment is high, it is even more important in business than in personal! Queen 's initial franchise fee is $ 75,000 in liquid capital 1,800 square feet and is owned the. To supply an appropriate down payment and credit business is dedicated to providing superior customer service and convenience SC... Ad, you can head to their website is because its in their to., like folding clothes one stop shop for aspiring entrepreneurs and business buyers 500k! Who can put a little time into it is looking to buy coin laundry businesses youll. Total Acres from 3 facilities all within 1/4 mile of each other and city. The success or failure of a laundry business depends on many location variables repair then youre able or willing invest!, well-maintained machines and efficient wash/dry cycles if the previous owner was doing this themselves you... In one store opportunity designed to give you the freedom and stability you need to pursue financial... More information about becoming a franchisee with this innovative brand, check out their website to learn,.

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