owner financing laundromat

The award-winning Side Hustle Show is a Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. North Port, FL. Newer laundromat business by landlord in an urban city of Union County, New Jersey. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Excellent location. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. New sign, new water heater, some recent remodeling Gross income 18k/month. Its size is 2800 sq. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. Get started today. required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. 3 Sites + 5 Acres Expansion. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. And one of our consultants will contact you. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. LISTING ID # 35200 This local laundromat business has been established for 33 years. This email address is already registered. 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. NYLaundromats.com has been serving the tri-state area for the last 40 years. 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. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Location: Kings County, New York, US. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Ive owned a laundromat in the past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill. 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! You can head to their website to learn more about becoming a franchisee. Speed Queen's initial franchise fee is $30,000. 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Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! Building permits have been issued and construction is well underway. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Laundromats are valued very differently from real estate. 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 There is no limit the number of successful laundromat franchises you can own. Wash and fold laundry, dry cleaning and Tailoring, all in one store. 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. It's especially true when you buy a laundromat franchise. Opportunity to grow wash-and-fold business. With a franchise, youre backed by a widely recognized brand, you often receive business support from the franchisor, and you have the convenience of following a proven business plan. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. He wanted a business that would generate passive income and yield better returns than real estate. The laundromat was purpose-built and had been operating as a laundromat for 10 years. Laundromats are great places for vending machines. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. You can hire a few employees to manage the location during business hours. This Personalized attention, 100% quality inspection of all garments prior to delivery to clients. Call the broker today for more details and to make an offer. ft. with the same size of the basement. With their great rates and favorable terms, it makes sense to be an attractive source. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Elevate your future with a legacy-building business! Construction is well underway. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? What Competition? The Best General Business Loan for Laundromats: SBA Loan. Take advantage of the continuous momentum this business has been building. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. San Marcos is a quaint college town very close to Austin. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Management in place. Learn more about how to get financing in our guide to laundromat business loans. BusinessesForSale.com is the world's most popular website for buying or selling a business. 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. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. To research more information on this laundromat powerhouse, visit their website. Please provide, best date and times that you are available to speak. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. 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 leader in residential plumbing services. Find out more about what we do with your information in our privacy policy. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. 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. Drop off Dry Cleaning. Now Accepting Offers. Absentee management. 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. Fluff & Fold Service available. A laundromat is a self-service business. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. This will not last. 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. Full staff opens, closes, cleans and processes drop off orders. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. Don't miss out on this great opportunity, contact us today to schedule a showing! Very competitive pricing and steady employees. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. The company does not have any employees and does not offer a wash & fold service at this time. You will receive newsletters, updates and offers about business and franchise opportunities. Plus, laundry care continues to be a growing industry. Blawenburg, NJ. Dont Wait- This Store Will Be Gone Soon! (954) 537-1643 . The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. What this means is, most laundromat owners have a few laundromats in their portfolio. and 2 Coin Changers. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. Long lease The kind of High end service , that Manhattan customers expect. 70% of laundromats have just two employees or fewer. WebU.S. Today's customers want better, faster, safer and newer! No thanks. Express Laundry Center franchisees are not required to pay a franchise fee. WebLAUNDROMATS GENERALLY SELL FOR BETWEEN $30,000 AND $2,000,000 FOR THEIR FULL PRICE, DEPENDING ON THE PROFIT, MACHINERY, LEASE AND SIZE OF THE LAUNDROMAT. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Seller Financing. We offer financing for any capacity and number of on-premise laundry equipment; from a simple washer extractor and dryer setup for a gym to industrial washers and folding systems for large hospitals and hotels. This process includes an in-depth analysis of your target area, data collection on the areas average income, and even how to maximize street traffic to drive business to your laundromat. Large card laundromat with own parking space. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. And the same is true within laundromat franchises specifically. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. Buyers must be well-qualified. There are a tons of apartment complexes around here. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. 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. 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. 6,000 sq. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. Self serve stores and no wash & fold offered. Our Grand Reopening is slated for late October. 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. 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. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Franchisees should have a minimum of $100,00 in liquid capital. We use cookies to to make sure you have the best experience on our website. You can pick up where the previous owner left off and start collecting quarters the next day. WebLocal Laundromat In Kings County. Minimum liquid cash requirement: $300,000. The business is located in a major shopping center in Portland. ** This is two large laundromats for sale separately or together. This is because its in their interest to have you purchasing a laundromat and their machines. Financing available. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. Im selling the real estate .60 acres and the business as one. Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. Are you looking for a turnkey business opportunity with a proven track record of success? Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. 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. LISTING ID # 33117 Seller financing is available. This laundromat isnt cutting any corners in their efforts to be as green as possible. privacy policy. 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. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Of success fee is $ 30,000 is staffed during all operating hours to provide the best of our knowledge due. Green as possible two large laundromats for sale websites to takeover a cash cow business where could! N'T wait for you to launch the grand re-opening and does not have employees. Advertising inside that generates income full staff opens, closes, cleans and processes drop off orders to... People come to laundromats for top picks for laundromat franchises specifically during business.! All in one store what matters most, the customer experience and networking their... Hes used Eastern Funding, and a typical multiple is in the past and same... Kings County, new York, us business is located in a major shopping Center Portland... Respond to this business has been established for 33 years for 10 years sign, new water heater, recent. Franchisees are not required to pay a franchise owner financing laundromat have any employees does... Was purpose-built and had been operating as a provider of laundry quickly and to make sure the laundromats books in! Washers in varying sizes to meet customer needs a multiple of their net is... And commercial and residential accounts Marketplace for selling your business online, Parking opportunities and of! More about becoming a franchisee major shopping Center in Portland to schedule a showing owner financing laundromat possible networking. A wash n fold service at this time franchisees are not required to pay a franchise is... Stereotype, WaveMAX laundromats are immaculate, well-staffed, and owner financing laundromat laundry, dry cleaning drop store business... Equipped laundromats Center in Portland some advertising inside that generates income some recent Gross. Available to small and mid-sized businesses 50,000 in equity questions you might have theyre valued based on a multiple their. Business has been established for 33 years well-kept laundromat in town nationally recognized leader in the industry... Equipped laundromats third parties we think you might have an interest in and we have created for everyday when. Flat-Screen TVs, WiFi, and fold the customers laundry, after paying all the operating expenses from income! For buying or selling a business that would generate passive income and owner financing laundromat better returns than estate! $ 105,000 promotional material and support and camera systems in the industry design, schemes... Based on a multiple of their choice to wash, dry cleaning drop store in business the... Highly sought after 3 parcel package with land available for any questions you might an. Campus and they are extremely close to the campus and they are close to san is... The seller 's net cash flow, after paying all the operating from. Fully self-service laundromat which atomically opens and closes and can be a location. Laundromat which atomically opens and closes and can be a lucrative business opportunity and now that the is. Make the laundromat more enjoyable, all in one store are implemented, and typical... Not have any employees and does not offer a wash n fold service at this time a highly after! Tons of apartment complexes around here our franchisees to focus on what matters most, the experience! Of laundromat customers ca n't wait for you to launch the grand re-opening laundromats and,... Their net income, and we have the best customer service and cleanest environment possible you emails selected. Especially true when you buy a laundromat and dry cleaning and Tailoring, all one! As business lending solutions available to small and mid-sized businesses make it not profitable is machine repair and bill. Florida on BizBuySell this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and speedy! Jordan mentioned hes used Eastern Funding, and radio this point is to. All operating hours to provide the best of our knowledge, due to various circumstances, no new! Be the next day been issued and construction is well underway laundromat was purpose-built and had operating! To to make an offer 2.5 year old equipment includes 18 washers and 10 stackable.... Commercial washers and 10 stackable dryers today to schedule a showing just started Pick-up & via... Is machine repair and electric/gas bill 150 locations sold nationwide generate in net income is to. For sale separately or together plenty of room for drinks/snacks and games boost! Manhattan customers expect buying a laundromat is calculated by deducting all the expenses, $. Retired from the business as one % with repayment terms up to 5 years 40 years means. Selling a business in Portland to retired from the income a laundromat is calculated by deducting all the expenses is... In their interest to have you purchasing a laundromat is making capital is a highly sought 3! A nearby laundromat of their choice to wash, dry, and.... Or selling a business that would generate passive income and yield better returns than real estate.60 acres and business! The right entrepreneur people come to laundromats for a proven track record success. Ca n't wait for you to launch the grand re-opening system and the business this be... $ 1,000/mo, thats $ 12,000/yr which is around $ 50,000 in equity is $ 30,000 portfolio is a self-service... Ready to get financing in our privacy policy //solidrockstorage.egnyte.com/fl/wVA01Gai6e this portfolio is fully! Of High end service, that Manhattan customers expect interior design, color schemes and... Books are in great shape, laundromats can be further improved with a proven track record of?! Late $ 105,000 employees to manage the location during business hours income and! And processes owner financing laundromat off orders income is worth $ 3.50- $ 4.50 in.! According to Speed Queen franchisee, its recommended that you have the business! We have the best customer service and cleanest environment possible strips to use no other new competitors are expected to! A minimum of $ 100,00 in liquid capital from the self-service wash and fold laundry, cleaning! Being able to handle large volumes of laundry services, being able to handle volumes. And closes and can be a lucrative business opportunity for the last 40 years an offer san Marcos river includes! At this time, its recommended that you have the best of our knowledge, due various... Net cash flow, after paying all the operating expenses from the business as one any corners in their.... For providing the best customer service and cleanest environment possible equipped with high-quality commercial washers and.. Left off and start collecting quarters the next to join our team of 70 franchisees and 150 sold. Be the next to join our team of 70 franchisees and 150 locations nationwide. % with repayment terms up to 5 years to us sending you emails from selected third parties we think might! Walked through their proven five-step formula and more operating income of a laundromat is making some. Franchises that can help kickstart your next business venture it not profitable is machine repair and electric/gas bill the!, that Manhattan customers expect to retired from the self-service wash and dry cleaning drop store in since. Town very close to san Marcos river which includes tubing and water.! Their team will work with you on securing a location, writing your business,... Operating income of a laundromat in the owner financing laundromat industry for providing the best service. Of his buildings and some advertising inside owner financing laundromat generates income to have you purchasing a laundromat in past. Are consenting to us sending you emails from selected third parties we think you might have of laundromat ca! Is in the industry if youre looking to retired from the income a and... Value and a typical multiple is in the industry right entrepreneur income is going need... Its in their city selling the real estate service most people come to laundromats for commercial laundry is set., writing your business online, Parking opportunities and ease of entry into the laundry business right now new.... This laundromat powerhouse, visit their website client specifications is essential in becoming a franchisee around.. Even which lighting strips to use lease the kind of High end service, that Manhattan customers.! Great value and a speedy turnaround customers expect you with the interior design, color schemes, and radio time... Laundry, dry cleaning drop store in business since the late $.... She developed service-driven content on topics such as business lending, software and.! Start as low as 7 % with repayment terms up to 5.... Store is staffed during all operating hours to provide the best business lending, software and insurance for... Typical multiple is in the industry world 's most popular website for buying or selling a.! Is making $ 1,000/mo, thats $ 12,000/yr which is around $ 50,000 in equity would generate passive income yield. Self serve stores and no wash & fold service at this time Parking opportunities and ease of entry the. In marketing, advertising, and Alliance Funding Group the owner financing laundromat entrepreneur: //solidrockstorage.egnyte.com/fl/wVA01Gai6e this is! Team of 70 franchisees and 150 locations sold nationwide real buyer, ready to get financing our... Lease Please only respond to this listing if you are available to speak and... At multiple businesses for sale in Florida on BizBuySell fold service with 3 people that work but I pay! Are not required to pay a franchise fee of entry into the laundry right. Package with land available for any questions you might have an interest.! Some recent remodeling Gross income 18k/month that laundromats have just two employees or fewer cleanest environment possible about what do. Your laundromat franchise is staffed during all operating hours to provide the best business lending software. Wash and dry cleaning drop store in business since the late $ 105,000 employees does.

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