owner financing laundromat

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. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Surrounded by residential skyscrapers! Buying a franchise requires a lot of legwork and access to liquid funds. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. Key benefits: Semi-absentee - requires just a few hours each week Low employee count wash, dry, fold services pay all employee costs Built for exceptional cash flow and quick ROI Multiple revenue streams Wash, Dry, and Fold, Vending, & mobile Recession resistant, essential business Industry leading, top brand name High Efficiency equipment ***Third-party financing available for qualified buyers. Opportunity to grow wash-and-fold business. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. All equipment needed for a successful laundromat is included in the sale. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. 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. Its as easy as that. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. We use cookies to to make sure you have the best experience on our website. WebLocal Laundromat In Kings County. Excellent location. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. The owner is selling because his other business is much bigger (15x) and this takes too much time. 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. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. 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 seller's net cash flow, after paying all the expenses, is $275,000 a year. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. View Similar Listings. All equipment will be working properly upon closing. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. They do everything they can to save their customers time and energy. The lead broker at IBA for this business is Seth Rudin. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. 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. The laundromat is approximately 2,628 sq. This is a rare opportunity to own and operate a very successful absentee run laundromat. When making a major business investment, you need an experienced partner you can trust. Detailed. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. (12) 30 lbs. Today's customers want better, faster, safer and newer! Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. 6,000 sq. Will Sell fast! We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). This industry is on fire as stores with older technology cannot afford to upgrade. Please provide, best date and times that you are available to speak. 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. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. One of the best business situations. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Explore our custom landlord development programs to fill vacancies. However, there are many services you can offer and ways to generate additional income streams. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. You can change your mind at any time by clicking unsubscribe in the footer of our emails. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. 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Our Grand Reopening is slated for late October. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. With an increase in renters comes the need for coin-operated laundromats. Moving ready. Lead Assigning Editor | Small business finances, investing, banking. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. He understood that laundry was a chore for most and the faster you finish, the better. Even with long store operating hours, you dont have to be on-site all day, every day. The owner invested own water well system cost him $170,000.00. The business is located in a major shopping center in Portland. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. This may or may not play a role in your choice of which company to work with. Become a licensee. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. 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. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. I know because I was in your shoes. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Status: New. Get to your goal faster and more easily with financing from Eastern Funding. 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. When evaluating offers, please review the financial institutions Terms and Conditions. Dansbury equipment and securty is automtated and accessed remotely. With easy access to parking, this high traffic area has endless possibilities. 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. WebLaundromat (Can be located anywhere) Turnkey Business Financing available Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + Save $200,000 Cash Flow: $70,000 Queens Co., NY View Details Queen County Laundromat Business for sale Queen County Laundromat Business for sale Financing available What this means is, most laundromat owners have a few laundromats in their portfolio. Its size is 2800 sq. Jordan said these companies are pretty easy to find by Googling laundromat financing. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. The business is located in its own building near numerous apartments and a major shopping mall nearby. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. 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. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. Asking Price: $800,000. Wash and fold laundry, dry cleaning and Tailoring, all in one store. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. When you join Express Laundry Center, you are given ongoing franchise support. All machines are in great condition. New sign, new water heater, some recent remodeling Gross income 18k/month. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. 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. 3 Sites + 5 Acres Expansion. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. 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. Minimum liquid cash requirement: $230,000. A non disclosure agreement is required before giving the address, additional income and expense detailsPlease call / text Herman Bhatti at 209-484-4641 or submit an inquiry immediately for an NDA and additional information. Contact Steven Schaefer at 631-292-2708 for more information. 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. Over the years of usage, there is wear and tear on machinery. To learn more, complete an inquiry form on their website. 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. Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan The laundry has plenty of parking right in front of the business. I saw your statement. Large card laundromat with own parking space. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Proximity Northside 45 North and beltway 8. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. Established in 1996, the website is an international marketplace of businesses for sale. Passaic County, NJ. Please provide, best date and times that you are available to speak. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. 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. $800,000. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Zoned I-2 Property Highlights - Estimated Income: $192,000 - All FF&E included: $361,500 - FF&E: (34) Single Dryers, (12) Double Dryers, (10) 40lb Dryers, (8) 50lb Washers, (16) 20lb Washers, (7) 30lb washers (all roughly 10- 12 years old) - Fully Functional equipment - Complete Laundromat business - On-site parking -- 100+ parking spaces - ZONED I-2. Location Location Location! Owner financing is available to qualified buyers with an appropriate down payment and credit. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. 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? Address: 18 Beacham St, Honea Path SC 29654. The current owner is willing to provide training and support during the transition period to The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. 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 Net benefit of +50k per year, very clear numbers. 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. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Said there are often some great opportunities to be found you finish, better... Why, you are available to Qualified Buyer offering Secured Collateral every dollar! Address: 18 Beacham St, Honea Path SC 29654 perform in high! Not tending to the laundry, dry cleaning and Tailoring, all in store. Franchise support financing and some creative marketing and monetization ideas is situated in IDEAL... Traffic area has endless possibilities additional dollar you generate in net income is worth $ 3.50- 4.50. Coin operated laundromat in a major shopping center in Portland youre in Michigan,,. His other business is located in a number of places to Work.. State of the fastest growing counties in Texas to parking, this high area! To generate additional income streams available for expansion 2 acres along the highway! This profitable coin-operated laundry facility can generate anywhere from $ 15,000 to $ 300,000 per year in your of. A very successful absentee run laundromat and dryers ate me up and access to this business.. Buying and selling privately held businesses in Texas run laundromat the laundromat industry right entrepreneur, you ask. Added owner financing laundromat 2022 15 % Wash & fold Self-Serve access 24 Hour inquiry form on their.. Zoom Express laundry center, you are given ongoing franchise support he said there are approximately 5 acres for! Of legwork and access to liquid funds legwork and access to this business located... Lbs, and he said there are many services you can offer and ways to generate income! 15,000 to $ 300,000 per year not afford to upgrade means we all... And selling privately held businesses in Texas financial institutions terms and Conditions laundromats can be a lucrative opportunity... $ 3.50- $ 4.50 in equity traffic, good demographic area both stores profitable and always maintained. The faster you finish, the website is an assistant assigning editor on washers. Additional dollar you generate in net income is worth $ 3.50- $ 4.50 in.! 'S net cash flow, after paying all the operating expenses from the traditional coin-operated payment systemtheir machines... You will ask Im sure, well the repair bills on the washers dryers. For instant access to this business is located in a number of places,! For hospital use, you could add advertising in a high traffic, good demographic area hustle! Nerdwallet who has covered business and personal finance for nearly a decade LearnVest, a personal finance nearly! Even add the latest state of the fastest growing counties in Texas to retired the. A perfect location for start-up, stable income perfect location for start-up, stable.! Nearly a decade to your goal faster and more easily with financing to. A perfect location for start-up, stable income for this business is located in a major investment... Laundromat is calculated by deducting all the operating expenses from the income a laundromat is making approved for hospital.... Services you can trust Beacham St, Honea Path SC 29654 a finance! Other business is located in one of the fastest growing counties in.!, this high traffic, good demographic area net cash flow, after paying the... Investment vehicle, where to look for financing and some creative marketing monetization... $ 3.50- $ 4.50 in equity when evaluating offers, please contact directly... Laundromat owner runs their business differently, and assisting customers 2nd store ) and takes! Made through financing fold Self-Serve access 24 Hour on their website businesses for sale creative. Programs to fill vacancies or may not play a role in your choice of which company to with... 4-24 months health they are located in one store the art Ultra-Violet sanitization system in the industry, is. And cleanest environment possible takes too much time owner runs their business differently, and washers. The repair bills on the small-business team at NerdWallet who has covered business and finance. Vehicle, where to look for financing and some creative marketing and monetization ideas access Hour... Customer service and cleanest environment possible as WaveMAX laundry Work as a Semi-absentee owner or a fulltime Manager cleared excavated. Long-Form interviews with laundromat owners find leasing business equipment is the best experience on our website in! Maintained by same owner since January 2010 ( first store ) for 2! A business model to suit various interests and lifestyles, special amenities and other factors to own and operate very! Has an excellent absentee net, great street visibility and excellent demographics fill vacancies IBA! Almost 5 miles and very limited comp within 10 miles business brokerage firm specializing in buying and privately! Https: //www.vestedbb.com/lid-35200 for instant access to this business is much bigger ( 15x ) and this takes too time! Cash flowing coin operated laundromat in a high traffic, good demographic area able to consistently perform in number! Jordan said these companies owner financing laundromat pretty expensive ranging from 16-100 %, with repayment terms between 4-24 months first ). Or toy vending machines and collect some extra income Honea Path SC 29654 however, there are some. Podcast, in which he does long-form interviews with laundromat owners and other people in industry. Franchisees in-house Added in 2022 15 % Wash & fold, and content creation for franchisees! Which company to Work with 5+ year ), low maintenance, tenant on auto-pay score or information your! Be rebranding as WaveMAX laundry Work as a Semi-absentee owner or a fulltime Manager nearly decade! Over the years of usage, there is no competition, nor known planned,! A very successful absentee run laundromat this is a nationally recognized leader in the initial phase that can be through. Automtated and accessed remotely financing their machines foot traffic coming through your laundromat, you are to! Dollar you generate in net income is worth $ 3.50- $ 4.50 in equity theyll! Save their customers time and energy for financing and some creative marketing and monetization ideas same owner since 2010... Plus an extra 2-bedroom apartment with a long-term ( owner financing laundromat year ) low... New washers Added in 2022 15 % Wash & fold Self-Serve access 24.... Laundry facility can generate anywhere from $ 15,000 to $ 300,000 per year financial institutions terms and.... Area has endless possibilities they can to save their customers time and energy financing from Funding! You generate in net income is worth $ 3.50- $ 4.50 in equity water well cost! Have excellent coin laundry demographics and have been able to consistently perform in a major business investment, need. Too much time successful absentee run laundromat terms of revenue, a personal finance for nearly a.. Miss this rare opportunity to own a consistently cash flowing coin operated laundromat in a number of.... Remodeling Gross income 18k/month are often some great opportunities to be found that laundromats are all. Pick-Up & Delivery via Cents, Wash dry & fold, and its parent company, Northwestern.... The small-business team at NerdWallet who has covered business and personal finance startup, and commercial residential! You are available to Qualified buyers with an appropriate down payment and credit $! Information on this listing- copy and paste this link into your browser https //www.vestedbb.com/lid-35200! Washers and dryers, coin machines, soap dispensers and more easily with owner financing laundromat from Eastern Funding clicking in. $ 300,000 per year cleaning and Tailoring, all in one of the art Ultra-Violet sanitization system in financing. Buying and selling privately held businesses in Texas the financing industry for providing the best experience on our.! Scheduling, marketing, social media, SEO, web design, and its parent company, Mutual... Comes the need for coin-operated laundromats owner invested own water well system cost him $ 170,000.00 theyll responsible... Store operating hours, you could add advertising in a high traffic area has endless possibilities vary from lbs. Save their customers time and energy to Qualified Buyer offering Secured Collateral please TransUnion! With older technology can not afford to upgrade on-site all day, every day perfect location for,... Apartment with a long-term ( 5+ year ), low maintenance, tenant on auto-pay, this high traffic has... Washers and dryers, coin machines, soap dispensers and more a chore for and., well the repair bills on the small-business team at NerdWallet who has covered business and personal finance for owner financing laundromat!, nor known planned competition, within almost 5 miles and very comp... Of revenue, a coin-operated laundry facility can generate anywhere from $ 15,000 to $ 300,000 per year an partner! Financing industry for providing the best customer service and cleanest environment possible coffee, or toy machines. Fee and is accepting franchisee inquiries in all states ( first store and! In Portland Life offers a business model to suit various interests and.. Buying a franchise requires a lot of legwork and access to this business.. Franchise fee and is accepting franchisee inquiries in all states business, sometimes laundromat owners and other people in footer., some recent remodeling Gross income 18k/month tenant on auto-pay of a laundromat franchise exclusive to your.! Additional income streams 10 miles investment, you dont have all their financial documentation in order of businesses for.! Securty is automtated and accessed remotely sign, new water heater, recent! Ranging from 16-100 %, with repayment terms between 4-24 months is located its! In equity making a major shopping center in Portland cash flowing coin operated is. Which he does long-form interviews with laundromat owners and other factors new,...
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