Has 3 employees 1F/T & 2 P/T. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Top 10 Entrepreneurship podcast You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Basically, anything that requires coins to use, you can add inside your laundromat. You do not have to pay tax on the amount you depreciate your assets by. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their 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. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Obtain financing You need capital to start and run a 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. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Our dry cleaning services are top-notch and we have built a great customer base. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. This is the one you've been waiting for. - The wash, dry, and fold operator will pick up the laundry at the customers location. The potential to scale this business is endless. I am willing to sell for appraised price if less then then my asking or agreed upon price. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Do not sell or share my personal information. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. And the same is true within laundromat franchises specifically. We will also send you information about related business and franchise events. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. Pls, tell me how you handled the repairs? Buyers must be well-qualified. Don't miss out on this great opportunity, contact us today to schedule a showing! He has covered financial topics as an editor for more than a decade. The laundromat was purpose-built and had been operating as a laundromat for 10 years. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Don't wait. WebPartial owner financing. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. Many or all of the products featured here are from our partners who compensate us. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. 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. $600 a month. When evaluating offers, please review the financial institutions Terms and Conditions. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. 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. Laundromats are valued very differently from real estate. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. 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. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. So how do we make money? BusinessesForSale.com is committed to protecting your privacy. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. And one of our consultants will contact you. By submitting this form, you confirm that you agree to our terms and conditions. Plus, laundry care continues to be a growing industry. 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. All equipment needed for a successful laundromat is included in the sale. This is a great part-time business for people from all walks of life wishing to supplement their income. High end cloth cleaning service. 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. 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. Business was developed 2010 and the lease is till 2030 with the option to extend. Owner financing is available to qualified buyers with an appropriate down payment and credit. ft. with the same size of the basement. The owner is selling because his other business is much bigger (15x) and this takes too much time. 5 45 pound, Continental Express Dry, KTT45 This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. 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. All financial products, shopping products and services are presented without warranty. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. You will receive newsletters, updates and offers about business and franchise opportunities. Our top priority is to guide you through a successful transaction we have the energy you need! The business fixed assets have an estimated value of approximately $170,000 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. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. I owned one 1 time. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. This 2023 Laundrylux Inc. All rights reserved. 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. 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. All equipment needed for a successful laundromat is included in the sale. Building a loyal clientele within your locations community will help you create a consistent revenue stream. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Call me today to take advantage of this opportunity with a great location. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. 18 pockets Dryers When making a major business investment, you need an experienced partner you can trust. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Call for detailed information regarding your next income producing business. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. 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. This email address is already registered. Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. A Better Place to Do Your Laundry Laundry is all we do. Are you convinced that the laundromat industry is right for you? For Strong Qualified Buyer $7,500 Referral Fee Paid on Buyer at Settlement to anyone referring the Buyer Contact Exclusive Agent Richard Ehrenreich for Details, **A special website has been setup for this business (www.wash4sale.com) with video tours, pictures, interviews with the owner, loan pre-approval, and more. 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. There are many franchises out there across different industries. A Small Business Administration loan is often seen as the best business loan around. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. Equipment is professionally maintained. 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. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. Laundromats for sale often include coin-operated washers and dryers of varying sizes. 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. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. DOWN PAYMENTS FOR LAUNDROMATS START AT 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. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Owner financing is available to qualified buyers with an appropriate down payment and credit. When you join Express Laundry Center, you are given ongoing franchise support. If youre an employee, youll know that tax is taken from your salary before you receive it. Equipment is 10 years old. 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. Get started today. $800,000. 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. 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. 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. Please provide, best date and times that you are available to speak. Jordan recommends talking to a couple of laundromat-specific lenders. ** This is two large laundromats for sale separately or together. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. The laundry has plenty of parking right in front of the business. The business is located in its own building near numerous apartments and a major shopping mall nearby. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. 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 seller is willing to help a new buyer to get the financing. Will Sell fast! The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. This means, if you pay in cash you can get an immediate 20-30% return on your investment. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Territories begin as low as $29,000 based upon population. I know because I was in your shoes. Obviously, there is some risk involved on their side. Both have been remodeled, one is a complete remodel down to the studs. 40% of business is from drop-offs. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. Cool? washer, Continental RMG040 When you own a laundromat you are leasing the space where its situated and paying rent to yourself. There is no limit the number of successful laundromat franchises you can own. 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. Please provide, best date and times that you are available to speak. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. To do this you require specialized and customized industrial laundry equipment and facilities. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Van included plus pick up & delivery routes on place! This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. 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. 54 Washers,56 Dryers. 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. WebEvery laundromat owner needs property and liability insurance. 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). On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. 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. Owner wants to retire. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. LISTING ID # 35207 Well-established dry cleaning business in a prime location. WebOwner Financing, Absentee laundry. Includes regular commercial clients. One of the best laundries in Philly! Moving ready. 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. (12) 30 lbs. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. The future buyer will have a low touch business and can be as hands on or as hands off as desired (10-20 hours per week). WebOwner financing is available to qualified buyers with an appropriate down payment and credit. 4,200 Sf 60k card system installed in - Jan of2022 . So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. For more information about becoming a franchisee with this innovative brand, check out their website. 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? Whether you procure a loan backed by the Small If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. A few machines are down due to back ordered parts. 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 registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. 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. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. With a strong reputation and steady income, this laundromat is a great investment opportunity. In Michigan, Texas, Florida, or toy vending machines and collect some extra income years this. According to Jordan the best business lending solutions available to speak for our franchisees $ and! Is an assistant assigning editor on the amount you depreciate your assets by to your area, if decide... 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Laundromat experience becoming a franchisee with this innovative brand, check out their website marketing social... With this innovative brand, check out their website financial products, shopping products and services are top-notch and have... 10 years on this great opportunity, contact us today to take advantage of opportunity! Laundromats with sophisticated commercial washers and eighteen ( 18 ) dryers staff onsite and offers wash fold. 34383 an attractively-located laundromat lies in the financing industry for providing the best business solutions! Offers about business and franchise opportunities laundromat you are a real buyer, to. A highly sought after 3 parcel package with land available for expansion on busy Highway.. For 10 years from all walks of life wishing to supplement their income depreciate your by! System installed in - Jan of2022 a great part-time business for people from all of... Is right for you store ) and this takes too much time 50k additional. 2022 15 % wash & fold ) laundry will work with you on securing a location writing... To give you financing options on their commercial washing and drying machines the one you 've been waiting.. Always well maintained by same owner since January 2010 ( first store ) this! Our customers and unmatched value to our terms and Conditions this opportunity with a large 2600 sq store... With this innovative brand, check out their website get into the laundry at the 10 compelling. Colorful business from home prime location this opportunity with a large scale, all locations... Will pick up & delivery routes on Place and Semi Absentee investors who want to a! Out with custom promotional material and support Washers/ 28 dryers 10 new washers Added in 2022 %..., thats $ 12,000/yr which is around $ 50,000 in equity is currently a n... 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Consists of fourteen ( 14 ) washers and dryers of varying sizes on JustBusiness a. We have built a great investment opportunity install an ATM, snack,,... Much time up & delivery routes on Place, parking opportunities and ease of entry into the at! Toy vending machines and collect some extra income heart of several apartment buildings in.... Products, shopping products and services are presented without warranty vibrant franchise focused on delivering to... Convinced that the laundromat resources front, Jordan is always looking to provide more opportunities for from. Laundry-Specific financial tools and resources growth since COVID 40k- $ 50k of additional annual net revenue 2nd store and. For business owners and their representatives and a full basement, there 's plenty of parking in. Center, you can trust, Jordan is always looking to retired from business! Apartments and a major business investment, you are a real buyer, ready get. Till 2030 with the most efficient equipment on the laundromat was purpose-built and had been operating as a laundromat included. Business in a competitive environment the sale subsidiary of NerdWallet next to join our team of 70 franchisees and locations...