Our partners compensate us. This is largely due to the continuous demand for clean clothes. 3200 sq 40 Washers ,41 Dryers. Something went wrong. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. Management in place. You can create your own destiny. And one of our consultants will contact you. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. WebOwner Financing, Absentee laundry. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. Many other ways to run it or do it your self. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. 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. A Drop Off Service and Wash Club are also offered to bring in repeat customers. Take advantage of the continuous momentum this business has been building. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. With a strong reputation and steady income, this laundromat is a great investment opportunity. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. $5000 down. 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. 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. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. However, there are many services you can offer and ways to generate additional income streams. Owner financing is available to qualified buyers with an appropriate down payment and credit. Rent is $5,000, with a 25 years lease. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. With its well established success, and favorable demographic ensuring regular customers all year round. 40% of business is from drop-offs. Vended Laundry Are you looking to buy an When making a major business investment, you need an experienced partner you can trust. The washers and dryers accept credit cards or coins. 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. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. 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. Minimum liquid cash requirement: $100,000. 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 Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! Wash and fold laundry, dry cleaning and Tailoring, all in one store. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. This industry is on fire as stores with older technology cannot afford to upgrade. Competition: Competition? Excellent location, most desired area in Miami city, low lease and managerial costs. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. 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. We recommend that you contact them through their website to further inquire. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. If youre not sure if a laundromat franchise is the right business for you, check out these five benefits that could make this a savvy business move. Our Grand Reopening is slated for late October. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. This will not last. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. When you work with the best, they help you become the best.. And one of our consultants will contact you. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. In this highly fragmented space, there isnt a national brand that stands out. What Competition? 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. We are changing the customer experience for good with a blend of innovation and excellence in customer care. Two busy laundromats with desirable locations in Mesquit. Jordan has been able to achieve both of those things through buying laundromats. Please provide, best date and times that you are available to speak. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. old. In addition, he served as an online media manager for the University of Nevada, Reno. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. The business is located in a major shopping center in Portland. You may need to install Adobe Acrobat Reader to view the file. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Find out more about what we do with your information in our privacy policy. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Detailed, This will sell quickly! You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Very profitable and extremely busy, Manhattan laundry store. All machines are in great condition. Speed Queen's initial franchise fee is $30,000. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. This email address is already registered. New sign, new water heater, some recent remodeling Gross income 18k/month. Copyright 2018 GUD Capital LLC. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Construction is well underway. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. For more information, please call or text Nadir Jiddou at 248-220-3274. Many or all of the products featured here are from our partners who compensate us. WebLaundromat & Dry Cleaning Drop Store. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Staff in place. washer, Continental EH020 Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Both locations have room to set up for a wash dry and fold station. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Has 46 dryers and 31 washing machines. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Jordan is a former pastor turned laundromat mogul. We use cookies to to make sure you have the best experience on our website. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Detailed. 4,200 Sf 60k card system installed in - Jan of2022 . This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. 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. $800,000. And one of our consultants will contact you. Location Location Location! It provides wash & fold service plus vending machine income. Buildings are built between 2002 and 2017. Does your laundromat need more work and repair then youre able or willing to invest? $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? This is because its in their interest to have you purchasing a laundromat and their machines. Price Cut-$310,000.00 on December 13, 2022. View Similar Listings. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. 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. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Equipment is 10 years old. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. 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. The laundromat was purpose-built and had been operating as a laundromat for 10 years. All equipment will be working properly upon closing. 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. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). Serious inquiries only. 10. Gross Revenue: $372,000. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. 15 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. They also offer complimentary WiFi to customers waiting for their laundry to finish. Building a loyal clientele within your locations community will help you create a consistent revenue stream. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Extremely busy plaza at major intersection. Choose a business name. Jordan recommends talking to a couple of laundromat-specific lenders. And one of our consultants will contact you. Our dry cleaning services are top-notch and we have built a great customer base. With their great rates and favorable terms, it makes sense to be an attractive source. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. 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. Laundromats are valued very differently from real estate. Equipment is professionally maintained. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. When you join Express Laundry Center, you are given ongoing franchise support. Even if people are cutting costs, clean clothes are still a daily necessity. Absentee management. High end cloth cleaning service. Call Syed at 631-374-7686 for more information. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. Find a seller financed Florida Laundromat and Coin Laundry Business For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. There are very few large chains owning dozens or hundreds of them. Rated 5 stars by its loyal customers. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. 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. Many laundromat franchises have these benefits, and more. 3,200 sqftstore in high traffic, prime location with so much growth potential. 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. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. Very Busy Location. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. Description: An attractively-located laundromat lies in the heart of several apartment Great Shopping Area Loyal Customer. You will receive newsletters, updates and offers about business and franchise opportunities. Lauderdale Lakes Laundry for The leader in residential plumbing services. Long term lease remaining. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Pls, tell me how you handled the repairs? WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Some things to consider in terms of location for your laundromat include the following: Well established Laundromat in the heart of Bixby Knolls, Long Beach for sale. 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. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Operated by employees with owner's involvement in cash collection. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. 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. I know because I was in your shoes. By clicking the Download button below, you will begin downloading a PDF file. Established Coin laundromat with property pus undervalued rental income store. Unfortunately, my search came up empty as the inventory available were either priced too high or would involve too much additional capital to update the business. 4 55 lb. Learn more about how to get financing in our guide to laundromat business loans. Become a licensee. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Call me today to take advantage of this opportunity with a great location. KW Commercial is pleased to present a unique investment opportunity, Maytag Coin Laundromat, the well-established laundromat business located at 1019-49 W Sedgley Ave, Philadelphia, PA 19140. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. 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). Is The Coin Laundry Business Right For You? To learn more, complete an inquiry form on their website. 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. The lead broker at IBA for this business is Seth Rudin. So how do we make money? Here is a list of our partners. In other words, you can finish your laundry faster and get back to your other to-dos. 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. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. 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. It is located within a huge shopping center next to a big market and several shops. 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. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. and 2 Coin Changers. State of the Art Electrolux Washers. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. WebPartial owner financing. Please provide, best date and times that you are available to speak. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers.

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