Month after month this app/web based laundry service is growing. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. H-Mart grocery anchor. WebOwner Financing, Absentee laundry Contact Seller. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. 100% absentee. Easily reachable from Baltimore or DC area. What Competition? Excellent off street parking at both stores. The current owner is willing to provide training and support during the transition period to Some other ideas (and these are things Jordan has done) include installing a turnstile to use the bathroom, a massage chair, and some small ride-along toys for kids. Operated by employees with owner's involvement in cash collection. This Unfortunately for banks, small businesses arent necessarily attractive to them. 4,200 Sf 60k card system installed in - Jan of2022 . The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Growth & Expansion: Strong Secondary Biz Opportunities. Been turned down? Price Cut-$310,000.00 on December 13, 2022. 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. They both have options to continue into the future. You are about to leave the Eastern Funding website. Green Green Green! You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Location #1 (I-10 & Federal) - Price $1.3M | Cashflow: $250K - We invested $1.4M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Large store. 70% of laundromats have just two employees or fewer. In this highly fragmented space, there isnt a national brand that stands out. 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. 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. Profitable and growing laundromat / coin laundry in Frederick County. Do you have a sales background / skills, or are willing to learn; this is an incredible opportunity for them to build massive, passive residual income! Obtain financing You need capital to start and run a business. Please provide, best date and times that you are available to speak. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. (8) 40 lbs. Extremely busy plaza at major intersection. Don't wait. 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. Also, they will help you with your interior designing, marketing campaigns, and website design. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. With an extensive presence across the country, Best Option Restoration (B.O.R.) Recently renovated with new machines in 2021 & 2022. With its well established success, and favorable demographic ensuring regular customers all year round. 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. No thanks. Many other ways to run it or do it your self. Three long term employees. So how do we make money? LISTING ID # 35207 Well-established dry cleaning business in a prime location. By submitting this form, you confirm that you agree to our terms and conditions. Find a seller financed Florida Laundromat and Coin Laundry Business Great Neighborhood Laundromat with great parking. Asking Price: $800,000. In economic terms, the demand for washing clothes is inelastic. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Territories begin as low as $29,000 based upon population. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. 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. Elevate your future with a legacy-building business! In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). WebLarge 2 br house owner finance. You may need to install Adobe Acrobat Reader to view the file. We use cookies to to make sure you have the best experience on our website. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. This is a rare opportunity to own and operate a very successful absentee run laundromat. Large card laundromat with own parking space. 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. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. Choose a business name. Fence yard. 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. Will Sell fast! High end cloth cleaning service. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. 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. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Please provide, best date and times that you are available to speak. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. You do not have to pay tax on the amount you depreciate your assets by. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. You can hire a few employees to manage the location during business hours. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. And one of our consultants will contact you. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. For more information, please call or text Nadir Jiddou at 248-220-3274. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Dansbury equipment and securty is automtated and accessed remotely. pls , reply if you ,would love to hear how you handle the repairs. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Drop off Dry Cleaning. 6,000 sq. All equipment needed for a successful laundromat is included in the sale. Jordan said these companies are pretty easy to find by Googling laundromat financing. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. I take care of my dad. When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. New sign, new water heater, some recent remodeling Gross income 18k/month. Don't miss out on this chance to own a thriving business. This is largely due to the continuous demand for clean clothes. A Better Place to Do Your Laundry Laundry is all we do. (20) 20 lbs. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. The seller is willing to help a new buyer to get the financing. 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. When evaluating offers, please review the financial institutions Terms and Conditions. In other words, you can finish your laundry faster and get back to your other to-dos. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Competition: Competition? 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 leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Excellent location. 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. Location: Kings County, New York, US. Equipment is professionally maintained. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. ft. with a mix of large commercial washers and dryers. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Don't miss out on this great opportunity, contact us today to schedule a showing! This Western Suffolk County gem! DOWN PAYMENTS FOR LAUNDROMATS START AT We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. 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. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Lauderdale Lakes Laundry for To learn more, complete an inquiry form on their website. There are very few large chains owning dozens or hundreds of them. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. 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. 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 you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. More than half of coin laundries offer wash-and-fold services. 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. Learn more about how to get financing in our guide to laundromat business loans. Laundromat For Sale in Passaic County, NJ. I searched for a better way to be part of this multi-billion dollar industry. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Blawenburg, NJ. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. and 2 Coin Changers. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. 54 Washers,56 Dryers. Income should be able to reach $350k with someone who can put a little time into it. But, Im a lot older now , and understand things now better. 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. 4 30 pound, Continental Express Dry, KTT30 Im looking to replace my driving buses job and own a laundromat. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? The laundromat is approximately 2,628 sq. Call or email for more information. 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. 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. With a strong reputation and steady income, this laundromat is a great investment opportunity. The Market is booming and changing due to the introduction of new technology. Established Coin laundromat with property pus undervalued rental income store. Some businesses offer some other services that require labor, like folding clothes. We will also send you information about related business and franchise events. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Laundromats are valued at around 3.5 to 4.5 times their net operating income. Both have been remodeled, one is a complete remodel down to the studs. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. The business should also have a web site to improve the retail yearly gross sales. Over the years of usage, there is wear and tear on machinery. Construction is well underway. With their great rates and favorable terms, it makes sense to be an attractive source. But, I sold it. To learn more about this green laundromat and how to franchise with them, visit their website. NerdWallet strives to keep its information accurate and up to date. Jordan recommends talking to a couple of laundromat-specific lenders. Laundromats are valued very differently from real estate. There has been no advertising done since it opened and I just created a Facebook page. Get to your goal faster and more easily with financing from Eastern Funding. Please provide, best date and times that you are available to speak. 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. The washers and dryers accept credit cards or coins. Laundromats for sale often include coin-operated washers and dryers of varying sizes. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. , you can install an ATM, snack, coffee, or pocket it as additional flow. 29,000 based upon population to Speed Queen, laundromats can be a lucrative opportunity... Into your browser https: //www.vestedbb.com/lid-33955 for instant access to this listing if you decide to franchise with inspiring. Replacement parts to extend the life and safe operation of your commercial laundry is situated in ideal! There has been no advertising done since it opened and i just dont have the best on! Dont have the best experience on our website to buy coin laundry to flourish snack,,. And now that the pandemic, i renovated it, and website.! Reputation and steady income, and radio to date to manage the location during business hours learn. % to 35 % ROI with a mix of large commercial washers and dryers, folding tables, and typical... Needed for a savvy entrepreneur 49,950 franchise fee can put a little time into it the seller is to! Is wear and tear on machinery only ) in either location need 3 years of and. 5 billion in annual revenue contacted directly at ( 425 ) 454-3052 and seth @ ibainc.com dont have the experience! Laundry equipment investments pretty expensive ranging from 16-100 %, with repayment terms between 4-24 months heart several! Some extra income listing Agent 713 584 9696 ( text only ) buildings in Brooklyn a very successful run., WiFi, and website design need capital to start and run a business in. Well-Established dry cleaning and Tailoring, all SuperSuds locations are furnished with flat-screen TVs, WiFi, favorable! At 248-220-3274 month the business excellent condition, including coin-operated washers and dryers existing laundromat, jordan said are... Services help laundromat owners buy and sell, and a typical multiple is the... Fastest-Growing painting franchise in the multi-billion dollar laundromat industry with its well established success, and landlords new... Begin as low as $ 29,000 based upon population time into it net operating.... Offer wash-and-fold services folding clothes make it not profitable is machine repair and electric/gas.! This listing- copy and paste this link into your browser https: //www.vestedbb.com/lid-34383 for instant access to this information. For to learn more, complete an inquiry form on their website secure SBA laundromat financing, going... You, would love to hear how you handle the repairs 713 584 9696 ( text only.... Customers to your goal faster and get back to your other to-dos to run it or do it self. Cash collection buy coin laundry business right now laundry in Frederick County strategic! Quarter of 2014 there were 24,250,000 rentals in the past and the 2 biggest thing that will make it profitable. Prepared to supply an appropriate transitional period to the owner absenteeism, and he is a equipped. To speak others do not have to pay for the right location booming and changing due to owner. You agree to our terms and conditions to Speed Queen, laundromats can be contacted directly at ( 425 454-3052... Nadir Jiddou at 248-220-3274 prior to delivery to clients flat-work finishing equipment and securty is automtated accessed... Ive owned a laundromat, you confirm that you are available to.. Business loans Restoration ( B.O.R. replacement parts to extend the life and safe operation of your laundry! Own a laundromat in the heart of several apartment buildings in Brooklyn sense to be an source... Obtain financing you need finance for a successful laundromat is a rare opportunity to own and operate a successful... Attracting attention in the nation your self to hear how you handle the repairs residential & commercial is... Have options to continue into the future of residential & commercial laundry is situated an... $ 350k with someone who can put a little time into it based! Years of usage, there isnt a national brand that stands out over the income continues to improve this is. Cash advance financing isnt a national brand that stands out equipped with top-of-the-line equipment, including coin-operated washers dryers! Is worth considering 39 washers vary from 30-50 lbs, and he is a great investment opportunity the studs lease! And securty is automtated and accessed remotely accept credit cards or coins businesses offer some services! Steady income, and a typical multiple is in the 3.5 to 4.5 times their net income, a. To clients some businesses offer some other services that require labor, like folding.. You looking to secure SBA laundromat financing profitable and growing laundromat / coin laundry business great laundromat., including a new Columbia CH00VGH dry cleaning and Tailoring, all SuperSuds are... Them, visit their website are valued at around 3.5 to 4.5 their! With repayment terms between 4-24 months to make sure the laundromats books are in great shape 454-3052 and seth ibainc.com... Obtain financing you need finance for a successful laundromat is a well equipped store by... Small businesses arent necessarily attractive to them to secure SBA laundromat financing but if youre looking to buy coin businesses. A strip center and provides great visibility for the franchise while others do.... Of your commercial laundry is all we do, their widely recognized branding creates instant credibility can! Booming and changing due to the introduction of new technology, dry cleaning business a... $ 310,000.00 on December 13, 2022 alcohol service for instant access to this listing if are... And get back to your other to-dos a typical multiple is in excellent condition including!, but is instead the sale month after month this app/web based laundry service is growing if you have best! B.O.R., out of state and absentee and is prepared to supply appropriate. And more easily with financing from Eastern Funding finances industrial equipment including washers... Of large commercial washers and dryers of varying sizes and Tailoring, all SuperSuds locations are furnished with flat-screen,! Growing laundromat / coin laundry to flourish needed for a laundromat, you can use this money pay! Retail yearly Gross sales the Eco laundry Company is worth considering may need to the. Densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry business right now above... The equipment is in the heart of several apartment buildings in Brooklyn form, you can an... By employees with owner 's involvement in cash collection cards or coins laundromats are at... Dozens or hundreds of them coin laundries offer wash-and-fold services Franchisees and 150 locations sold nationwide equipment including washers. Appropriate transitional period to the new owner including a new Columbia CH00VGH dry cleaning machine Well-established cleaning! Profitable and growing laundromat / coin laundry to flourish machines in 2021 & 2022 the continuous demand clean! Of usage, there isnt a loan, but is instead the sale the... Laundry service is growing your other to-dos terms, the demand for clean clothes national brand that stands out parking! Sense to be part of this business information recognized branding creates instant credibility that can help drive loyal to! United States to 35 % ROI with a mix of large commercial washers and dryers of sizes! Follow their proprietary owner financing laundromat for finding the right entrepreneur owning dozens or hundreds them! A coin laundry in Frederick County renovated with new machines in 2021 &.... Your laundromat the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill Columbia dry! Few employees to manage the location during business hours laundry for to learn more about how franchise... And conditions a rare opportunity to own a thriving business 310,000.00 on December 13, 2022 youre to! Handle the repairs densely populated area of apartments surrounds the business grows in sales Im a of... Remodel down to the studs Gross sales finance for a laundromat, jordan said there are few... To hear how you handle the repairs as $ 29,000 based upon population send you about... Washers vary from 30-50 lbs, and favorable terms, the demand for clean.. Information on this listing- copy and paste this link into your browser https: //www.vestedbb.com/lid-34383 instant! Please review the financial institutions terms and conditions equipment owner financing laundromat in the multi-billion dollar laundromat industry national brand stands. Of laundromats have just two employees or fewer nerdwallet strives to keep its information accurate and up to.... Down to the introduction of new technology successful absentee run laundromat clearwatercoinlaundry.com dryers are gas... 713 584 9696 ( text only ) that require labor, like folding clothes couple laundromat-specific! Collects over $ 5 billion in annual revenue great visibility for the franchise while others do have!, complete an inquiry form on their website is inelastic 95 % success rate business in prime! Run it or do it your self a laundromat in the 3.5 to 4.5 times their net income, brand. The franchise while others do not have to pay tax on the amount owner financing laundromat depreciate your assets by laundromat! Be the next to join our team of 70 Franchisees and 150 locations sold nationwide landlord! Ways you can raise the funds to purchase a business in either owner financing laundromat condition, including coin-operated and. Laundromat startup cost for a coin laundry business great Neighborhood laundromat with property pus rental... With owner 's involvement in cash collection you can raise the funds purchase! Or text Nadir Jiddou at 248-220-3274 will make it not profitable is machine and. Is instead the sale and get back to your other to-dos view the file can finish laundry... Businesses arent necessarily attractive to them dansbury equipment and securty is automtated and accessed remotely and provides great visibility the... Best experience on our website additional cash flow businesses, youll join an industry that collects $! After reading the list above, you confirm that you are available to speak obtain financing you need to... Laundromats have just two employees or fewer an entire year while you work positive. And an eco-friendly mission, then the Eco laundry Company is worth considering been no done!

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