Dansbury equipment and securty is automtated and accessed remotely. 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. You're in! You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Please check your entries and try again. There are many franchises out there across different industries. 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. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. For more information about becoming a franchisee with this innovative brand, check out their website. 4,200 Sf 60k card system installed in - Jan of2022 . 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. If you own a business and are considering selling, visit our Sell a Business section. In terms of laundromats, Jordan is always on the hunt for more great deals. There are plenty of advantages and disadvantages of franchising overall. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Don't miss out on this chance to own a thriving business. Our partners compensate us. You can head to their website to learn more about becoming a franchisee. Are you looking for a turnkey business opportunity with a proven track record of success? WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Location Location Location! Wash Dry Fold Service can be added. Call the broker today for more details and to make an offer. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Whether you procure a loan backed by the Small 5 45 pound, Continental Express Dry, KTT45 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. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. 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. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. The laundry has plenty of parking right in front of the business. Express Laundry Center franchisees are not required to pay a franchise fee. This business has no competition in close proximity. The success or failure of a laundry business depends on many location variables. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. There are a tons of apartment complexes around here. Owner wants to retire. Full staff opens, closes, cleans and processes drop off orders. Income should be able to reach $350k with someone who can put a little time into it. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. If want to tap into this lucrative industry and join a laundromat franchise, see below the benefits of owning a laundromat and a list of the top laundromat franchise opportunities. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. 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. Its as simple as that. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. 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. Excellent location, most desired area in Miami city, low lease and managerial costs. Minimum liquid cash requirement: $230,000. 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 Recently renovated with new machines in 2021 & 2022. This is a great part-time business for people from all walks of life wishing to supplement their income. They both have options to continue into the future. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Description: An attractively-located laundromat lies in the heart of several apartment Please provide, best date and times that you are available to speak. Robert Beaupre leads the SMB team at NerdWallet. 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. All financial products, shopping products and services are presented without warranty. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. Only reason for selling is I have moved. Please provide, best date and times that you are available to speak. When you open your own laundromat, you can expect a 20% to 35% Our dry cleaning services are top-notch and we have built a great customer base. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. (954) 537-1643 . Total price $85000. 3,200 sqftstore in high traffic, prime location with so much growth potential. When operating a business like a laundromat, however, you can pay expenses before deducting tax. No third-party financing. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). With its well established success, and favorable demographic ensuring regular customers all year round. This We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. When you assume a loan, you dont originate a new loan, you simply transfer the old loan from the seller to you and you take over the payments. The benefit of assuming the existing loan as laundromat financing is that it is typically cheaper than starting a new loan and the business should be able to support it. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). 2023 Laundrylux Inc. All rights reserved. There will always be a need to clean garments no matter the situation. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Growth & Expansion: This is only the beginning. 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 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. Long term lease remaining. North Port, FL. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. Rather, you will receive residual income from every single laundry load completed in your territory. holds its technicians to the highest standards in the field. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. When evaluating offers, please review the financial institutions Terms and Conditions. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. 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. The second way is that you can depreciate your machines and assets each year and effectively write off that value. 8,000 sq. 4 40 lb. Self serve stores and no wash & fold offered. There are a couple of areas where you can save taxes by operating a laundromat: Laundromats are cash businesses, or simple businesses as Jordan calls them. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. Jordan is a former pastor turned laundromat mogul. old. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. 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. Professional staff in place: Owner typically only on premises once a week! Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Also, they will help you with your interior designing, marketing campaigns, and website design. Our top priority is to guide you through a successful transaction we have the energy you need! 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. They know the industry well and will be able to give you some great advice. Franchisees should have a minimum of $100,00 in liquid capital. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Laundromats are valued very differently from real estate. One of the best business situations. Wash and fold laundry, dry cleaning and Tailoring, all in one store! You can head to their website to learn more. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. Please provide, best date and times that you are available to speak. 6,000 sq. Plug, play and SCALE! Business was developed 2010 and the lease is till 2030 with the option to extend. 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. Learn more about how to get financing in our guide to laundromat business loans. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. And one of our consultants will contact you. Great Neighborhood Laundromat with great parking. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. Find a seller financed Florida Laundromat and Coin Laundry Business As service businesses go, laundromats are fairly passive. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. 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 A Drop Off Service and Wash Club are also offered to bring in repeat customers. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Fence yard. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Store has 18 Washers & 14 Dryers, Renovated in 2021. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. 3 Year Average Return on the investment - 19.5% pa 3 Year Average Return on the revenue - 24.5% pa BUSINESS SUMMARY Simple all-cash coin laundry business in a safe and secure area the two locations are approximately 2 miles apart. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Shack Shine has changed that. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. 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. 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. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Rated 5 stars by its loyal customers. Extremely busy plaza at major intersection. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Are you convinced that the laundromat industry is right for you? This will not last. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Owner financing is available to qualified buyers with an appropriate down payment and credit. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. The company does not have any employees and does not offer a wash & fold service at this time. All equipment needed for a successful laundromat is included in the sale. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if privacy policy. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. In addition, he served as an online media manager for the University of Nevada, Reno. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Plus, laundry care continues to be a growing industry. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. We use cookies to to make sure you have the best experience on our website. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. 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. 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