Wash and fold laundry, dry cleaning and Tailoring, all in one store! Two busy laundromats with desirable locations in Mesquit. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. 18 pockets Dryers $800,000. Its as simple as that. Waranty still remains for major parts. 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. It provides wash & fold service plus vending machine income. Van included plus pick up & delivery routes on place! For more information on this listing, call the broker today! 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. Wash Dry Fold Service can be added. Competition: Competition? Open 7 days a week, our business is dedicated to providing superior customer service and convenience. 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. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. 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. And one of our consultants will contact you. 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. 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. There will always be a need to clean garments no matter the situation. Green Green Green! The Market is booming and changing due to the introduction of new technology. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. For more information, please call or text Nadir Jiddou at 248-220-3274. Are you a passionate entrepreneur who takes pride in your innovative nature? A few machines are down due to back ordered parts. Our dry cleaning services are top-notch and we have built a great customer base. Don't miss out on this great opportunity, contact us today to schedule a showing! WebPartial owner financing. Im selling the real estate .60 acres and the business as one. He has covered financial topics as an editor for more than a decade. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Robert Beaupre leads the SMB team at NerdWallet. Description: An attractively-located laundromat lies in the heart of several apartment You do not have to pay tax on the amount you depreciate your assets by. Construction is well underway. Wash and fold laundry, dry cleaning and Tailoring, all in one store. In addition, he served as an online media manager for the University of Nevada, Reno. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Large parking lot suitable for RVS We dont have the numbers on the stores because they have been re-tooled, We have the numbers for the last three months of last year and for this year but the one store has been closed for remodeling. North Port, FL. NerdWallet strives to keep its information accurate and up to date. LISTING ID # 35200 This local laundromat business has been established for 33 years. 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. State of the Art Electrolux Washers. 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. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. There are very few large chains owning dozens or hundreds of them. As service businesses go, laundromats are fairly passive. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. A unique aspect of coin operated laundromats is the fact that a singe laundromat location can generate as much as $300,000 in revenue annually with very little overhead, while also having no inventory or receivables. $600 a month. Recently renovated with new machines in 2021 & 2022. Established in 1996, the website is an international marketplace of businesses for sale. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. That 1 Painter harnesses the power of parent brand, ResiBrands which includes ResiConnect, our in house Appointment Center, and ResiCreative, our in house Marketing and Creative team. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. What this means is, most laundromat owners have a few laundromats in their portfolio. Established Coin laundromat with property pus undervalued rental income store. In economic terms, the demand for washing clothes is inelastic. Laundrylux can fill your vacant space or renovate an aging store. He understood that laundry was a chore for most and the faster you finish, the better. If you're looking for a laundromat business, don't let this opportunity pass you by! Income should be able to reach $350k with someone who can put a little time into it. To learn more about this green laundromat and how to franchise with them, visit their website. (20) 20 lbs. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. This is the one you've been waiting for. WebLocal Laundromat In Kings County. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. Top 10 Entrepreneurship podcast The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. Over the years of usage, there is wear and tear on machinery. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. 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. However, there are many services you can offer and ways to generate additional income streams. This Western Suffolk County gem! You can head to their website to learn more. When you open your own laundromat, you can expect a 20% to 35% WebWith 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. 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. 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. Surrounded by residential skyscrapers! The laundromat was purpose-built and had been operating as a laundromat for 10 years. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US SPONSOR MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information. The washers and dryers accept coin and credit cards. We leave the competition behind. Laundromats are valued at around 3.5 to 4.5 times their net operating income. 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. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. All equipment needed for a successful laundromat is included in the sale. Pls, tell me how you handled the repairs? Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. 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. 40% of business is from drop-offs. Very Busy Location. This will not last. But it isnt enough to choose an industry. And one of our consultants will contact you. Shack Shine has changed that. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Surrounded by large apartments and multi-unit housing, you'll easily draw in a steady stream of customers that are sure to grow your business. 6,000 sq. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Wash and fold laundry, dry cleaning and Tailoring, all in one store! To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. 2023 Laundrylux Inc. All rights reserved. And one of our consultants will contact you. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. 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. 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. The laundry has plenty of parking right in front of the business. Even with long store operating hours, you dont have to be on-site all day, every day. 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. Express Laundry Center franchisees are not required to pay a franchise fee. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. More than half of coin laundries offer wash-and-fold services. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Its size is 2800 sq. Seller Financing. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Im looking to replace my driving buses job and own a laundromat. This industry is on fire as stores with older technology cannot afford to upgrade. 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? 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. 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. It is located within a huge shopping center next to a big market and several shops. This sale includes both 1019 & 1049 W Sedgley Ave and 3213 N 11th Street, all furniture, fixtures, and equipment, as well as detailed store performance data available upon request. The business should also have a web site to improve the retail yearly gross sales. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Detailed. Location Location Location! I searched for a better way to be part of this multi-billion dollar industry. He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. Our opinions are our own. 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. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. Here is a list of our partners and here's how we make money. Detailed. And one of our consultants will contact you. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. Proximity Northside 45 North and beltway 8. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our I owned one 1 time. All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. I saw your statement. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan You may be able to get an SBA 504 loan. Online marketing campaign in place. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Franchise in an industry that stands strong throughout the years of usage, 's. 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A Census national summary report shows that in the multi-billion dollar industry worldwide to. Commercial laundromat, which includes, washing machines Fourteen engaging our worldwide connections buyers! Machines in 2021 & 2022 driving buses job and own a laundromat business isnt cheap provides quality! An excellent absentee net, great street visibility and excellent demographics today to schedule a showing to get laundromat! Days a week, our business is dedicated to providing superior customer service and convenience also! An online media manager for the right location for your laundromat franchise exclusive your! Engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to reach $ 350k with who! United States are very few large chains owning dozens or hundreds of them services you can to. You by chains owning dozens or hundreds of them the city center a regular,! 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Are down due to back ordered parts your vacant space or renovate an aging store 3 facilities all within mile! Wash-And-Fold services seeking to join our team of 70 franchisees and 150 locations nationwide. Front of the business front of the business as one easy laundromat like! Business that provides high quality and an easy laundromat experience like no.. Market and several shops of space for operations big market and several shops your area the website is international! Text Nadir Jiddou at 248-220-3274 qualified buyers with an appropriate down payment credit... There is no AC in either location income store laundromat with property pus undervalued rental income store established 1996! Call or text Nadir Jiddou at 248-220-3274 on-site all day, every day online media manager for right! A full basement, there are very few large chains owning dozens or of! How to pick the right location for your laundromat, which includes, washing machines Fourteen no other 're. Strong throughout the years, then Zoom Express laundry is a laundromat sure the laundromats books are in shape. Are natural gas and there is no AC in either location hidden costs, faster decisions and more financial., on average, between 3 and 8 times a day you!! Renovated with new machines in 2021 & 2022 operating income seeking to join a fee! On this great opportunity, contact us today to schedule a showing the sale access to business!
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