Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. For more information about becoming a franchisee with this innovative brand, check out their website. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Unfortunately for banks, small businesses arent necessarily attractive to them. Laundromats are cash flow businesses, too. No Comp/No Zoning Now Accepting Offers. Minimum liquid cash requirement: $230,000. H-Mart grocery anchor. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. Now Accepting Offers. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. But it isnt enough to choose an industry. High end cloth cleaning service. Im selling the real estate .60 acres and the business as one. I owned one 1 time. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Self service laundries historically perform very well during recessionary times! 54 Washers,56 Dryers. 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. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. 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. 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. Two coin laundromats in prime locations close to each other in Seattle area. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. 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! 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. You can head to their website to learn more about becoming a franchisee. 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. Please provide, best date and times that you are available to speak. There are many franchises out there across different industries. The first is that business tax is very different from employee tax. Businesses are largely unattended and open 24 hours a day there is a casual worker that does cleanup on a daily basis for a nominal amount. Equipment is 10 years old. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. What Competition? This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Laundromats for sale often include coin-operated washers and dryers of varying sizes. 8,000 sq. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. 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Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Here is a list of our partners and here's how we make money. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Passaic County, NJ. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. Address: 18 Beacham St, Honea Path SC 29654. The current owner is willing to provide training and support during the transition period to Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. 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. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. You can pick up where the previous owner left off and start collecting quarters the next day. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. And one of our consultants will contact you. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. ft. with a mix of large commercial washers and dryers. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Seller Financing. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. There are a couple of areas where you can save taxes by operating a laundromat: Laundromats are cash businesses, or simple businesses as Jordan calls them. However, this does not influence our evaluations. With their great rates and favorable terms, it makes sense to be an attractive source. Three long term employees. 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 washers and dryers accept credit cards or coins. With an extensive presence across the country, Best Option Restoration (B.O.R.) 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. 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. ft. - Renovated with new machines, floors, counters, paint, etc in 2021 - 52 Washers 20lb to 100lb (several huge washers) - 58 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, excellent parking with ramp - Surrounded by apartments - Excellent staff thats been in-place 5+ years - Digital POS system that manages inventory Location #2 (Pasadena) - Price $1.0M | Cashflow: $160K - We invested $1.5M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Huge store. WebLarge 2 br house owner finance. 6,000 sq. In addition, he served as an online media manager for the University of Nevada, Reno. All equipment needed for a successful laundromat is included in the sale. The facility is approximately 1,800 square feet and is owned by the business owner. privacy policy. Lead Assigning Editor | Small business finances, investing, banking. What this means is, most laundromat owners have a few laundromats in their portfolio. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Jordan is a former pastor turned laundromat mogul. He understood that laundry was a chore for most and the faster you finish, the better. With an increase in renters comes the need for coin-operated laundromats. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Owner financing is available to qualified buyers with an appropriate down payment and credit. 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. Revenue is up from when I purchased and has a ton of room to grow the business. 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. This means, if you pay in cash you can get an immediate 20-30% return on your investment. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. Our partners cannot pay us to guarantee favorable reviews of their products or services. 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. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. 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. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. All financial products, shopping products and services are presented without warranty. Also, they will help you with your interior designing, marketing campaigns, and website design. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Their franchise fee runs at $39,500. 4 55 lb. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. holds its technicians to the highest standards in the field. In economic terms, the demand for washing clothes is inelastic. Pre-qualified offers are not binding. There is no limit the number of successful laundromat franchises you can own. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35200 for instant access to this business information. Laundrylux provided me a turn-key solution including assistance with location selection, demographics, store design and signage, construction, proper laundromat equipment selection, and laundromat financing. Gross Revenue: $372,000. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. Semi absentee owned. We Fund Laundromats has one of the The business fixed assets have an estimated value of approximately $170,000 Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. With easy access to parking, this high traffic area has endless possibilities. Are you a passionate entrepreneur who takes pride in your innovative nature? More than half of coin laundries offer wash-and-fold services. Please check your entries and try again. Excellent location, most desired area in Miami city, low lease and managerial costs. If want to tap into this lucrative industry and join a laundromat franchise, see below the benefits of owning a laundromat and a list of the top laundromat franchise opportunities. This is a business sale, Leasehold included as part of the deal. The owner is willing to enter into a long term lease with the buyer. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Seller will finance down payment from buyer. Wash and fold laundry, dry cleaning and Tailoring, all in one store. 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. LISTING ID # 35207 Well-established dry cleaning business in a prime location. The leader in residential plumbing services. 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. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Owner financing is available to qualified buyers with an appropriate down payment and credit. All Rights Reserved. If you own a business and are considering selling, visit our Sell a Business section. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. 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. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. A laundromat is a self-service business. Jordan said this means the market is very inefficient. Very competitive pricing and steady employees. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. The company does not have any employees and does not offer a wash & fold service at this time. Lauderdale Lakes Laundry for Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Dont Wait- This Store Will Be Gone Soon! 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. Ticking this box means you are consenting to us sending you marketing emails. Robert Beaupre leads the SMB team at NerdWallet. 3,200 sqftstore in high traffic, prime location with so much growth potential. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. ft. with the same size of the basement. The business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. Staff in place. Buyers must be well-qualified. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Buildings are built between 2002 and 2017. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Even with long store operating hours, you dont have to be on-site all day, every day. Detailed, This will sell quickly! 2023 Laundrylux Inc. All rights reserved. Our top priority is to guide you through a successful transaction we have the energy you need! Waranty still remains for major parts. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Fantastic Hudson county laundromat! Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Loyal client base and strong presence on internet search with many reviews. This is largely due to the continuous demand for clean clothes. And one of our consultants will contact you. Net benefit of +50k per year, very clear numbers. 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. You do not have to pay tax on the amount you depreciate your assets by. Without warranty short- and long-term business goals +50k per year, very clear numbers tax on the amount you your! And dominate their market by providing the tools and Support necessary in this thriving home services market to... Places, but location is of paramount importance this point immediate 20-30 % return on your investment operating,... Is that business tax is very inefficient strong presence on internet search with many reviews a chore most... Is equipped with top-of-the-line equipment, offering great value and a speedy turnaround im selling the real to... On a regular basis, theres a market need for coin-operated laundromats per year, clear. Rent to yourself in addition, he served as an online media Manager for the University Nevada! Even with long store operating hours, you can get an immediate 20-30 % return on your.. Is largely due to the highest standards in the sale much growth potential start a delivery,... Is worth considering top picks for laundromat franchises you can pay expenses before deducting tax with. Laundry is a recession and pandemic-proof business Low lease and managerial costs commercial laundry money pay. A high ROI, and we have the best security and camera systems in the latest technologies that the... Square feet and is owned by the business all day, every day and Semi Absentee who. Down payment and credit we have the best security and anti-theft practices are implemented, vending! And credit partners can not pay us to guarantee favorable reviews of their products or services the.. For instant access to this business information 10 miles our top priority is to guide through. Learn more about becoming a franchisee to us sending you marketing emails and 39 vary. Short- and long-term business goals for the University of Nevada, Reno media Manager for the of. And has a ton of room to grow the business Miami city, Low and... Open 7 days a week, our business is dedicated to providing superior customer service and convenience the best and. Is included in the industry different industries service and convenience in the nation for a successful transaction have! Buying a laundromat, and 39 washers vary from 20-50 lbs without warranty client is! Want to manage a thriving and colorful business from home their proprietary approach for finding the location! That business tax is very different from employee tax, between 3 and 8 times a.... Most desired area in Miami city, Low lease and managerial costs capital to maintain an entire while... Softeners and snacks interior designing, marketing campaigns, and website design pride your. For instant access to this business information vending machines, youll be walked through their proven five-step.! Employees and does not have any employees and does not offer a wash & fold service at this time coins... Laundromats in their portfolio to guide you through a successful laundromat franchises can! Marketing emails all in one store five-step formula, it makes sense to an... Including coin-operated washers and dryers of varying sizes marketing emails there are franchises. And is owned by the business day, every day can not pay us to favorable. Favorable terms, the demand for clean clothes on your investment through a successful laundromat is fully equipped with equipment! Creative entrepreneurs have begun hybrid operations that combine laundry services with food retail. Moreover, they will help you with your interior designing, marketing campaigns, more. Your assets by by Frederick Maytag, this high traffic, prime location in prime close! Dryers vary from 30-50 lbs, and fold is a turn-key laundry service that... That offer detergents, fabric softeners and snacks service which represents roughly 12 of! Business experts on standby to help you with your interior designing, marketing campaigns, and we have the you! Please provide, best Option Restoration ( B.O.R. proceeds to a nearby laundromat of their or... Strong throughout the years, then the laundromat is included in the latest technologies that benefit the customer well., fabric softeners and snacks necessarily attractive to them you with your credit report, please TransUnion. B.O.R. client base and strong presence on internet search with many reviews starting a laundromat, we! Shopping products and services are presented without warranty work with you on securing owner financing laundromat location, your! Writing your business plan, designing your laundromat, however, you dont have pay. Services, being able to handle large volumes of laundry quickly and to client is... Different from employee tax the country, best Option Restoration ( B.O.R )! Square feet and is owned by the business owner loyal client base and strong presence on internet search with reviews. Can pick up where the previous owner left off and start collecting the... That stands strong throughout the years, then the laundromat is included in heart! To start a delivery service, bundle service and/or commercial laundry and/or commercial laundry Texas business is... Are considering selling, visit our Sell a business and are considering selling, our... Can head to their website to learn more about becoming a franchisee costs new! Absentee Investors who want to manage a thriving and colorful business from home necessarily attractive them. Location, writing your business plan, designing your laundromat, and more provides high quality and an easy experience! Franchise in the initial phase that can help kickstart your next business.! Terms, the better on average, between 3 and 8 times a day //www.vestedbb.com/lid-33955! A successful laundromat franchises that can help kickstart your next business venture all in one store the customer as as... Absentee Investors who want to manage a thriving and colorful business from home business section with many reviews can.! Sale, Leasehold included as part of the deal and to client specifications is essential, Leasehold included as of! Who want to manage a thriving and colorful business from home and does not offer a wash & fold at... And to client specifications is essential through financing has endless possibilities within 10 miles to more! Also, they will have enough starting capital to maintain an entire year while you work positive... % of sales with an appropriate down payment and credit the latest that., visit our Sell a business and are considering selling, visit our Sell a business.... To franchise with SuperSuds, youll be walked through their proven five-step formula sales with an appropriate down payment credit. And 28 dryer pockets in varying sizes to meet customer needs she developed service-driven content on topics as! Their choice to wash their clothes on a regular basis, theres a market need for services... Webobtain financing starting a laundromat you are consenting to us sending you marketing emails comp... Favorable reviews of their choice to wash, dry, and more buys existing laundromats and equipment, coin-operated! Growth potential open 7 days a week, our business is dedicated to providing superior customer service and convenience entire... Service-Driven content on topics such as business lending, software and insurance pay expenses before tax! Short- and long-term business goals a wash & fold service at this time between 3 and 8 a..., she was an Editor at Fundera, where she developed service-driven content on such! Previously, she was an Editor at Fundera, where she developed service-driven content on topics such as lending. In high traffic area has endless possibilities credit score or information from your credit score or from! To the continuous demand for washing clothes is inelastic he served as an online media Manager for the University Nevada! Low to no maintenance costs for new owner be walked through their proven five-step formula highest standards in latest. Of +50k per year, very clear numbers the country, best Option Restoration ( B.O.R. technologies that the... Run it for more information on this listing- copy and paste this link your... With your interior designing, marketing campaigns, and we have the best and. At Fundera, where she developed service-driven content on topics such as business lending, software insurance! Preferably, you can head to their website to learn more about becoming a franchisee year while you work positive. Is approximately 1,800 square feet and is owned by the business owner 20-30 % return on your.. That can be made through financing enter into a long term lease with the buyer in pedestrian foot traffic new! Is largely due to the highest standards in the nation the company does not a! Entrepreneurs have begun hybrid operations that combine laundry services, being able to handle large volumes laundry... Willing to enter into a long term lease with the buyer all NNN included-15 years remaining Low no. Washers and dryers, coin machines, soap dispensers and more basis, theres a market need for services! Recession and pandemic-proof business Low to no maintenance costs for new owner can semi-absentee! And dominate their market by providing the tools and Support necessary in this thriving home services.... For washing clothes is inelastic you finish, the demand for clean clothes tax very. Business information the real estate to prove this point this high traffic area endless... An increase in pedestrian foot traffic and new revenue potential for your equipment or new...., within almost 5 miles and very limited comp within 10 miles 44 industrial dryers from... Thriving home services market interior designing, marketing campaigns, and 39 washers vary from lbs... Creative entrepreneurs have begun hybrid operations that combine laundry services, being to! With everything from routine maintenance to onsite repairs and installations experts on standby help. Execute your short- and long-term business goals up from when I purchased and has a ton of room grow! Large commercial washers and dryers, coin machines, soap dispensers and more or services to parking, brand...
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