Extremely busy plaza at major intersection. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. 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. Profitable and growing laundromat / coin laundry in Frederick County. With easy access to parking, this high traffic area has endless possibilities. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. This will not last. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. Are you a passionate entrepreneur who takes pride in your innovative nature? Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. Includes regular commercial clients. There has been a major decline in home ownership especially among millennials. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. 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. Very competitive pricing and steady employees. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. 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 You can change your mind at any time by clicking unsubscribe in the footer of our emails. Getting the freedom to take care of him and replace my income is my motivation. Rent is $5,000, with a 25 years lease. The business should also have a web site to improve the retail yearly gross sales. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Our top priority is to guide you through a successful transaction we have the energy you need! Please provide, best date and times that you are available to speak. LISTING ID # 35200 This local laundromat business has been established for 33 years. Laundromats for sale often include coin-operated washers and dryers of varying sizes. Elevate your future with a legacy-building business! 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. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA So how do we make money? Wash Dry Fold Service can be added. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. Laundromats are valued very differently from real estate. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Income should be able to reach $350k with someone who can put a little time into it. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. People pay you to do their own work! But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Franchisees should have a minimum of $100,00 in liquid capital. View Similar Listings. 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. 4,200 Sf 60k card system installed in - Jan of2022 . Both will typically be included in small business general liability insurance that you can get from trusted If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. Its size is 2800 sq. Building permits have been issued and construction is well underway. 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. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. Growth & Expansion: This is only the beginning. Please provide, best date and times that you are available to speak. 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. You can pick up where the previous owner left off and start collecting quarters the next day. Wash and fold laundry, dry cleaning and Tailoring, all in one store! You do not have to pay tax on the amount you depreciate your assets by. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. 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. Managers should service the machines and manage the use of coin machines on premises. Many other ways to run it or do it your self. 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. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. Speed Queen's initial franchise fee is $30,000. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. Call the broker today for more details and to make an offer. Management in place. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Competition: Competition? This information may be different than what you see when you visit a financial institution, service provider or specific products site. Pre-qualified offers are not binding. 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. with over 1,100 5-star ratings! We will also send you information about related business and franchise events. Seller Financing. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. WebOwner Financing, Absentee laundry Contact Seller. LISTING ID # 33117 Seller financing is available. A few machines are down due to back ordered parts. As service businesses go, laundromats are fairly passive. Express Laundry Center franchisees are not required to pay a franchise fee. The reason we are selling is multiple sclerosis. When evaluating offers, please review the financial institutions Terms and Conditions. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. ft. - Renovated with new machines, floors, counters, paint, etc in 2021 - 52 Washers 20lb to 100lb (several huge washers) - 58 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, excellent parking with ramp - Surrounded by apartments - Excellent staff thats been in-place 5+ years - Digital POS system that manages inventory Location #2 (Pasadena) - Price $1.0M | Cashflow: $160K - We invested $1.5M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Huge store. Does your laundromat need more work and repair then youre able or willing to invest? This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. In this highly fragmented space, there isnt a national brand that stands out. Businesses are largely unattended and open 24 hours a day there is a casual worker that does cleanup on a daily basis for a nominal amount. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. 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. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Has 3 employees 1F/T & 2 P/T. 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. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Welcome to your new business opportunity! Professional staff in place: Owner typically only on premises once a week! Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. 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. No third-party financing. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. Top 10 Entrepreneurship podcast On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. 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. Minimum liquid cash requirement: $100,000. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. More than half of coin laundries offer wash-and-fold services. 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. Basically, anything that requires coins to use, you can add inside your laundromat. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. San Marcos is a quaint college town very close to Austin. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. The award-winning Side Hustle Show is a Well established coin laundry business in a great central location. Find a seller financed Florida Laundromat and Coin Laundry Business This is a rare opportunity to own and operate a very successful absentee run laundromat. There are many franchises out there across different industries. 54 Washers,56 Dryers. Don't wait. There are a tons of apartment complexes around here. I am willing to sell for appraised price if less then then my asking or agreed upon price. 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