Proximity Northside 45 North and beltway 8. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Become a licensee. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. Some businesses offer some other services that require labor, like folding clothes. Is The Coin Laundry Business Right For You? 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. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. A Better Place to Do Your Laundry Laundry is all we do. A century of business experience and knowledge has grown the small laundromat into a successful franchise. Jordan said this means the market is very inefficient. Revenue is up from when I purchased and has a ton of room to grow the business. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. 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. Great Neighborhood Laundromat with great parking. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. Many laundromat franchises have these benefits, and more. $600 a month. ** This is two large laundromats for sale separately or together. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. Excellent off street parking at both stores. The business fixed assets have an estimated value of approximately $170,000 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. H-Mart grocery anchor. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. Minimum liquid cash requirement: $300,000. Self serve stores and no wash & fold offered. Owner financing is available to qualified buyers with an appropriate down payment and credit. Passaic County, NJ. 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. Laundromats are cash flow businesses, too. What Competition? BusinessesForSale.com is committed to protecting your privacy. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. Two busy laundromats with desirable locations in Mesquit. More than half of coin laundries offer wash-and-fold services. Both will typically be included in small business general liability insurance that you can get from trusted 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. A laundromat is a self-service business. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. 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. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. But it isnt enough to choose an industry. WebLaundromat (Can be located anywhere) 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 Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. Well established coin laundry business in a great central location. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. And one of our consultants will contact you. WebLarge 2 br house owner finance. As service businesses go, laundromats are fairly passive. 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 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 store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. In other words, you can finish your laundry faster and get back to your other to-dos. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. If there is a service component or some other reason why customers cant self-serve, youll need to have a member of staff in the laundromat all day. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. With easy access to parking, this high traffic area has endless possibilities. Save this Business Print. Both have been remodeled, one is a complete remodel down to the studs. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. Will Sell fast! It's especially true when you buy a laundromat franchise. In terms of laundromats, Jordan is always on the hunt for more great deals. 6,000 sq. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. All equipment needed for a successful laundromat is included in the sale. 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. 40% of business is from drop-offs. In economic terms, the demand for washing clothes is inelastic. Laundromat owners usually operate facilities that are primarily self-service oriented. No third-party financing. Even if people are cutting costs, clean clothes are still a daily necessity. Net benefit of +50k per year, very clear numbers. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. 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. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Laundromats are valued at around 3.5 to 4.5 times their net operating income. All equipment completely refurbished. Real Estate may be available at $440,000. Large card laundromat with own parking space. And unless you had an extra $300,000 - $1M lying around (which I didnt) or planned to carry a debt service for the first 10 years of your startup, building a new laundromat was also not an option for me. Consequently, the business needs to make enough money 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. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. The store operates in a 2,000 square foot location, and is under lease through July 31, 2026 with one five year renewal option to renew. Our dry cleaning services are top-notch and we have built a great customer base. Call soon as this one won't last long! Get to your goal faster and more easily with financing from Eastern Funding. Pre-qualified offers are not binding. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Laundromats are valued very differently from real estate. old. (954) 537-1643 . A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. 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. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. We leave the competition behind. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. This business has a very stable and growing income. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. Call or email for more information. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Owner currently holding right of first refusal to buy store #2 property when property owner decides to sell and property owner very likely to extend the offer to new buyer. 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. Vended Laundry Are you looking to buy an 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? Been turned down? Gross Revenue: $372,000. We are changing the customer experience for good with a blend of innovation and excellence in customer care. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. 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. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Their franchise fee runs at $39,500. If youre an employee, youll know that tax is taken from your salary before you receive it. Status: New. 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. Please provide, best date and times that you are available to speak. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. Semi absentee owned. There are several advantages to buying a franchise over starting your own business from scratch. One of the best business situations. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Easy to manage business, ideal for starters and investors. In their mission to go green, each location offers reusable and eco-friendly laundry bags, uses energy-efficient machines, and even runs their business on 100% pure wind energy. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. The current owner is willing to provide training and support during the transition period to The owner is willing to enter into a long term lease with the buyer. 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. I know because I was in your shoes. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Obviously, there is some risk involved on their side. 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. Growth & Expansion: This is only the beginning. Now Accepting Offers. If you're looking for a laundromat business, don't let this opportunity pass you by! We will also send you information about related business and franchise events. Call me today to take advantage of this opportunity with a great location. Competition: Competition? I owned one 1 time. Store has 18 Washers & 14 Dryers, Renovated in 2021. Getting the freedom to take care of him and replace my income is my motivation. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Total price $85000. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. The Market is booming and changing due to the introduction of new technology. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Laundrylux can fill your vacant space or renovate an aging store. Our partners cannot pay us to guarantee favorable reviews of their products or services. Has 3 employees 1F/T & 2 P/T. 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. , being able to handle large volumes of laundry services, being able to large..., which is even more important in business than in your personal life new competitors expected! 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