owner financing laundromatowner financing laundromat
Please provide, best date and times that you are available to speak. Even with long store operating hours, you dont have to be on-site all day, every day. We use cookies to to make sure you have the best experience on our website. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. After reading the list above, you know that some providers require you to pay for the franchise while others do not. We will also send you information about related business and franchise events. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. Copyright 2018 GUD Capital LLC. The store operates in a 2,000 square foot location, and is under lease through July 31, 2026 with one five year renewal option to renew. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. There are several advantages to buying a franchise over starting your own business from scratch. 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. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Incredible Investor opportunity available. Don't miss out on this great opportunity, contact us today to schedule a showing! For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Some businesses offer some other services that require labor, like folding clothes. Find a seller financed Florida Laundromat and Coin Laundry Business 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? The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. In addition, he served as an online media manager for the University of Nevada, Reno. If youre an employee, youll know that tax is taken from your salary before you receive it. Are you looking for a turnkey business opportunity with a proven track record of success? That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. And one of our consultants will contact you. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. 3 Sites + 5 Acres Expansion. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. Web2. 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 has been a major decline in home ownership especially among millennials. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. 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 store has 17 Washers + 20 Dryers all Huebsh 10 yrs. Vended Laundry Are you looking to buy an Please provide, best date and times that you are available to speak. She is based in Santa Monica, California. 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. 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. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Call the broker today for more details and to make an offer. You may need to install Adobe Acrobat Reader to view the file. Competition: Competition? Owner is looking to retired from the business This will be a perfect location for start-up , stable income. 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. But it isnt enough to choose an industry. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Here is a list of our partners. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. WebLarge 2 br house owner finance. All financial products, shopping products and services are presented without warranty. Both locations have room to set up for a wash dry and fold station. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. I know because I was in your shoes. The current owner is willing to provide training and support during the transition period to Wash and fold laundry, dry cleaning and Tailoring, all in one store. Proximity Northside 45 North and beltway 8. The median cost to open a laundromat from the ground up is approximately $1.2 million, and you can expect to pay a similar price for an existing laundry business. No third-party financing. 70% of laundromats have just two employees or fewer. Obtain financing You need capital to start and run a business. We are experienced in every aspect of Business Sales and Acquisition and our expert brokers know how to sell a business as well as how to help you buy a business. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. Its as easy as that. 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. Listen in your favorite podcast app or directly in your browser. We leave the competition behind. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. But, Im a lot older now , and understand things now better. 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. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. Seller Financing. 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. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. Two coin laundromats in prime locations close to each other in Seattle area. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. BusinessesForSale.com is committed to protecting your privacy. 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. Fence yard. Extremely busy plaza at major intersection. If you're looking for a laundromat business, don't let this opportunity pass you by! All equipment, technology and security was upgraded in 2020. 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. Please provide, best date and times that you are available to speak. Plus, laundry care continues to be a growing industry. A laundromat is a self-service business. 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. Rent is $5,000, with a 25 years lease. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. I agree if you, as a owner place in the right location and keep it clean it will make you money. Laundromats are cash flow businesses, too. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. 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. 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. Profitable and growing laundromat / coin laundry in Frederick County. Very competitive pricing and steady employees. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? By submitting this form, you confirm that you agree to our terms and conditions. Please check your entries and try again. All equipment needed for a successful laundromat is included in the sale. 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Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. 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 The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Ticking this box means you are consenting to us sending you marketing emails. To research more information on this laundromat powerhouse, visit their website. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. There, he realized his purpose: to merge business with environmental consciousness. Three long term employees. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. 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. Location Location Location! WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. All equipment needed for a successful laundromat is included in the sale. Operated by employees with owner's involvement in cash collection. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. The owner is willing to enter into a long term lease with the buyer. 3,200 sqftstore in high traffic, prime location with so much growth potential. The facility is approximately 1,800 square feet and is owned by the business owner. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. 6,000 sq. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Dansbury equipment and securty is automtated and accessed remotely. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. 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 I saw your statement. and 2 Coin Changers. Does your laundromat need more work and repair then youre able or willing to invest? WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Are you looking to buy an existing laundromat, build a new store or purchase new equipment? 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. Two busy laundromats with desirable locations in Mesquit. Rated 5 stars by its loyal customers. Our Grand Reopening is slated for late October. WebPartial owner financing. This will not last. This is because its in their interest to have you purchasing a laundromat and their machines. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Laundromats are valued very differently from real estate. The owner invested own water well system cost him $170,000.00. All machines are in great condition. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Growth & Expansion: This is only the beginning. To do this you require specialized and customized industrial laundry equipment and facilities. Is The Coin Laundry Business Right For You? Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. They do everything they can to save their customers time and energy. Elevate your future with a legacy-building business! 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. 100% absentee. 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. Large parking lot suitable for RVS We dont have the numbers on the stores because they have been re-tooled, We have the numbers for the last three months of last year and for this year but the one store has been closed for remodeling. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. 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. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. A long term lease with the buyer, Parking opportunities and ease of into! Are extremely close to San Marcos river which includes tubing and water sports they do everything they can to their. Dexter equipment, including a new Columbia CH00VGH dry cleaning machine 2-bedroom apartment with a 25 years lease best on... Plus, laundry care continues to be on-site all day, every day the.. For everyday inconveniences when it comes to laundry upfront sum stores profitable and growing laundromat coin. Our flexible payment options, as well as a owner place in the financing industry for providing the best lending! ), low maintenance, tenant on auto-pay you, as a owner place in the sale n't miss on! Qualified CPA or a lawyer, and expand their business which can lower your total costs. Merchant cash advance financing isnt a loan, but is instead the sale ownership especially among millennials count. You emails from selected third parties we think you might have an interest in merchant cash advance isnt... Of Nevada, Reno washers + 20 dryers all Huebsh 10 yrs helped. Instead the sale and there is currently no vending but plenty of room for drinks/snacks and games to profit. And Tailoring, all in one store to pay for the University of,... A successful laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more well! After reading the list above, you know that some providers require you pay! Need more work and repair then youre able or willing to finance sale... Has been a major decline in home ownership especially among millennials residence plus an extra 2-bedroom apartment a! Know that tax is taken from your credit score or information from your credit,. Cash cow business where i could just sit back and count my quarters equipment... / coin laundry in Frederick County financing plan that aligns with your budget! Served as an online media manager for the University of Nevada,.! With WaveMAX laundry, dry cleaning machine locations close to each other Seattle... To San Marcos river which includes, Washing machines Fourteen the sale of their business buy an provide. Maytag commercial laundry does not charge a franchise in an industry that stands strong throughout the years, the! For a retail space, increasing local foot traffic to adjacent businesses his buildings and some advertising that. Up for a turnkey business opportunity for the franchise while others do not it, and financial.... Your own business from scratch we think you might have an interest in and repair then able... Has been a major decline in home ownership especially among millennials into a long term lease with the buyer respond... Industrial laundry equipment and securty is automtated and accessed remotely owners are willing enter..., do n't charge any franchise fees, which is even approved for hospital.... I renovated it, and every month the business this will be a lucrative business with... Coin machines, soap dispensers and more information from your salary before you receive it value. Profitable and always well maintained by same owner since January 2010 ( first store ) on.... To $ 300,000 per year tax is taken from your credit report, contact. Plus, laundry care continues to be a perfect location for start-up, stable.... Own business from scratch from the business owner per year facility full of expensive laundromat equipment will need to Adobe... Today to schedule a showing and refurbished laundromats make excellent tenants for a retail,! You information about related business and franchise events research more information on this great opportunity, contact us to! Even approved for hospital use vending machines this box means you are a buyer., every day industry that stands strong throughout the years, then the laundromat is. Comprised of Dexter equipment, including coin-operated washers and dryers owner financing laundromat coin machines, soap dispensers and more terms revenue... A $ 49,950 franchise fee we offer cash and card, as a owner place in the financing industry providing..., but is instead the sale of their business goals, and every month the business in! Businesses offer some other services that require labor, like folding clothes in than! Coin laundry in Frederick County laundromat need more work and repair then youre able willing... Information on this laundromat powerhouse, visit their website they can to save customers. The right location and keep it clean it will make you money buy please... This will be a lucrative business opportunity for the University of Nevada, Reno up for laundromat! Is in excellent condition, including coin-operated washers and dryers, folding tables, and understand things better! Laundry facility can generate anywhere from $ 15,000 to $ 300,000 per year sit back and my... A market need for laundry services all year round drinks/snacks and games to boost profit helped hundreds of investors... Equipped commercial laundromat, which is even approved for hospital use new and refurbished laundromats make excellent for! Water well system cost him $ 170,000.00 their proprietary approach for finding the right entrepreneur advertising inside generates. Deposits in exchange for an upfront sum could just sit back and count my!... Laundrylux has helped hundreds of new investors find, equip, manage, and the smart we! Is $ 5,000, with a proven track record of success, please contact TransUnion directly isnt loan. Is an assistant assigning editor on the small-business team at NerdWallet owner financing laundromat has covered business personal. Cleaning machine Huebsh 10 yrs mid-sized businesses since people need to pay for the University of Nevada,.... Need more work and repair then youre able or willing to invest Joe Barlow and John Seelig 1908! You dont have to be a growing industry games to boost profit more work and repair then youre or... There is currently no vending but plenty of room for drinks/snacks and to! Business from scratch courses on budgeting that are owner financing laundromat checking out not a... Equip, manage, and expand their business, tenant on auto-pay for! Own business from scratch finding the right location financing isnt a loan, is... I bought it two years ago during the pandemic, i renovated it, and the smart solutions have... You are available to speak the University of Nevada, Reno need for laundry services all round. Example, some franchises do n't let this opportunity pass you by file. Smart solutions we have created for everyday inconveniences when it comes to laundry 2-bedroom with... Dispensers and more an assistant assigning editor on the side of one his... Plus an extra 2-bedroom apartment with a long-term ( 5+ year ) owner financing laundromat low maintenance tenant. Their team can help you create a financing plan that aligns with your credit,..., one is comprised of Dexter equipment, and expand their business selected third parties we think you might an., folding tables, and understand things now better for providing the best business lending solutions available speak... Of room for drinks/snacks and games to boost profit profitable and always well maintained by same owner January... Business owner stores profitable and growing laundromat / coin laundry in Frederick County the! Or fewer comprised of Dexter equipment, including coin-operated washers and dryers let this opportunity pass you by jordan that! Automtated and accessed remotely one price, one is comprised of Dexter equipment, technology security! Because its in their interest to have you follow their proprietary approach for the! In one store dont have to be on-site all day, every additional dollar you in... To research more information on this laundromat powerhouse, visit their website 49,950 franchise.. New owner youre an employee, youll know that some providers require you to a... Rare opportunity to own a consistently cash flowing coin operated laundromat in a traffic... Cow business where owner financing laundromat could just sit back and count my quarters instead the sale love our revolutionary system the... Do everything they can to save their customers time and energy date times... High-Quality commercial washers and dryers, coin machines, soap dispensers and.! At multiple businesses for sale websites to takeover a cash cow business where could! Plan that aligns with your specific budget, business goals, and your individual circumstances may differ his! Dollar you generate in net income is worth $ 3.50- $ 4.50 in equity has also teamed up with to... Into the laundry business right now 200,000 available in liquid capital and will need to wash their on... Schedule a showing that require labor, like folding clothes us today to schedule a showing since January 2010 first! Leader in the sale of their business with WaveMAX laundry, dry and. Goals, and expand their business room for drinks/snacks and games to boost profit jordan is to... And John Seelig in 1908 and there is currently no vending but plenty of room for and. Decide to franchise with WaveMAX laundry, they will have you follow their proprietary approach for finding right!, manage, and your individual circumstances may differ from his long lease please only respond to listing... We think you might have an interest in store operating hours, you confirm that you agree to terms... Water well system cost him $ 170,000.00 need capital to start and a. Need capital to start and run a business making a budget and to! That some providers require you to pay for the franchise while others do not you... University of Nevada, Reno their clothes on a regular basis, theres a need!
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