Your other option is to buy an existing laundromat. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. They both have options to continue into the future. Plus, laundry care continues to be a growing industry. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Managers should service the machines and manage the use of coin machines on premises. 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. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. 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. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Elevate your future with a legacy-building business! If you are viewing this ad, you must have thought of operating a laundromat in some capacity. When evaluating offers, please review the financial institutions Terms and Conditions. Also state what your time frame is. Some companies will only finance people with experience running a laundromat. Many other ways to run it or do it your self. 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. - The wash, dry, and fold operator will pick up the laundry at the customers location. 18 pockets Dryers This article originally appeared on JustBusiness, a subsidiary of NerdWallet. This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Laundromats are cash flow businesses, too. Please provide, best date and times that you are available to speak. When making a major business investment, you need an experienced partner you can trust. Equipment is professionally maintained. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. You can head to their website to learn more. 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. Laundromats are valued at around 3.5 to 4.5 times their net operating income. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. (20) 20 lbs. A Drop Off Service and Wash Club are also offered to bring in repeat customers. Excellent off street parking at both stores. 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. 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. View Similar Listings. If you're looking for a laundromat business, don't let this opportunity pass you by! Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Because most of the services inside a coin laundry are self-service, customers are relatively free to conduct their cleaning tasks without your direct assistance. You do not have to pay tax on the amount you depreciate your assets by. Self service laundries historically perform very well during recessionary times! The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. WebU.S. One of the best laundries in Philly! 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. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. 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. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. We Fund Laundromats has one of the Franchisees should have a minimum of $100,00 in liquid capital. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. The top laundromat franchise opportunities, 5 reasons to enter the laundromat industry, How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. I owned one 1 time. Established Neighborhood Laundromat for sale in NJ. 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. Real Estate may be available at $440,000. And the same is true within laundromat franchises specifically. 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. 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. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. 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. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Lauderdale Lakes Laundry for Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. We leave the competition behind. Been turned down? Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. It wasnt just the income potential that intrigued Jordan. 4,200 Sf 60k card system installed in - Jan of2022 . There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Large card laundromat with own parking space. 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. When you open your own laundromat, you can expect a 20% to 35% Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Consequently, the business needs to make enough money Equipment is 10 years old. I searched for a better way to be part of this multi-billion dollar industry. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. There are many franchises out there across different industries. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. Cool? Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. Both have been remodeled, one is a complete remodel down to the studs. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. However, talking about his experiences, Jordan called laundromats a tax advantage business.. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA WebLaundromat & Dry Cleaning Drop Store. 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. Web2. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. The owner invested own water well system cost him $170,000.00. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Competition: Competition? We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan Address: 18 Beacham St, Honea Path SC 29654. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. Jordan said these companies are pretty easy to find by Googling laundromat financing. $5000 down. 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 Loyal client base and strong presence on internet search with many reviews. 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. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. 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. It's especially true when you buy a laundromat franchise. There will always be a need to clean garments no matter the situation. Easy to manage business, ideal for starters and investors. With a franchise, youre backed by a widely recognized brand, you often receive business support from the franchisor, and you have the convenience of following a proven business plan. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. 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. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? Ticking this box means you are consenting to us sending you marketing emails. Location: Kings County, New York, US. Our partners cannot pay us to guarantee favorable reviews of their products or services. Wash Dry Fold Service can be added. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. washer, Continental EH020 Don't miss out on this chance to own a thriving business. Established in 1996, the website is an international marketplace of businesses for sale. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 15 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Does your laundromat need more work and repair then youre able or willing to invest? What this means is, most laundromat owners have a few laundromats in their portfolio. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if All Rights Reserved. You may be able to get an SBA 504 loan. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. There is no limit the number of successful laundromat franchises you can own. He has covered financial topics as an editor for more than a decade. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. Recently renovated with new machines in 2021 & 2022. Three long term employees. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. The seller's net cash flow, after paying all the expenses, is $275,000 a year. High end cloth cleaning service. This business has a very stable and growing income. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. One of the best business situations. 6,000 sq. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Blawenburg, NJ. You are about to leave the Eastern Funding website. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. To learn more about this green laundromat and how to franchise with them, visit their website. Territories begin as low as $29,000 based upon population. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. Price Cut-$310,000.00 on December 13, 2022. 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. In other words, you can finish your laundry faster and get back to your other to-dos. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. We offer our customers the choice to do their own laundry or utilize our wash-dry-fold services, typically done in 24 hours, and we now offer drop-off service as well. You can pick up where the previous owner left off and start collecting quarters the next day. With its well established success, and favorable demographic ensuring regular customers all year round. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, We are changing the customer experience for good with a blend of innovation and excellence in customer care. 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. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Top 10 Entrepreneurship podcast Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. 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. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Franchisees can have up to 70% of their project costs covered and can access the only dryer on the market running on energy-efficient Eco Power. Their franchise fee runs at $39,500. When evaluating offers, please review the financial institutions Terms and Conditions. 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? 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. 70% of laundromats have just two employees or fewer. No Comp/No Zoning Now Accepting Offers. We will also send you information about related business and franchise events. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. 3rd party financing available with about 35%-50% down. washer, Continental RMG040 She is based in Santa Monica, California. If you own a business and are considering selling, visit our Sell a Business section. BusinessesForSale.com is committed to protecting your privacy. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. Detailed, This will sell quickly! He wanted to spend more time with his family, and laundromats are the perfect business for that. The facility is approximately 1,800 square feet and is owned by the business owner. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. Very Busy Location. Some things to consider in terms of location for your laundromat include the following: Well established Laundromat in the heart of Bixby Knolls, Long Beach for sale. 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. Includes regular commercial clients. Laundromats are great places for vending machines. Save this Business Print. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Or maybe their credit isnt quite good enough for bank-rate small business financing. 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. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Getting the freedom to take care of him and replace my income is my motivation. LISTING ID # 35207 Well-established dry cleaning business in a prime location. This Western Suffolk County gem! The second way is that you can depreciate your machines and assets each year and effectively write off that value. 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. Surrounded by residential skyscrapers! Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. Laundrylux can fill your vacant space or renovate an aging store. Excellent location, most desired area in Miami city, low lease and managerial costs. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. One of the most fun parts of learning how to start a laundry business is choosing the business name. 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. Fantastic Hudson county laundromat! Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. DOWN PAYMENTS FOR LAUNDROMATS START AT Has 46 dryers and 31 washing machines. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, 7 Best Laundromat Franchise Opportunities for 2022. Review the top laundromat franchise opportunities and learn about the benefits of owning a laundromat. The current owner is willing to provide training and support during the transition period to ensure a smooth transition. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. 4 40 lb. There are very few large chains owning dozens or hundreds of them. Its as simple as that. pls , reply if you ,would love to hear how you handle the repairs. The seller is willing to help a new buyer to get the financing. The award-winning Side Hustle Show is a They have teams proficient in marketing, advertising, and public relations available for any questions you might have. The success or failure of a laundry business depends on many location variables. After reading the list above, you know that some providers require you to pay for the franchise while others do not. This business is suitable for a person who can develop a pick-up and delivery laundry service. I agree if you, as a owner place in the right location and keep it clean it will make you money. 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. I saw your statement. 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. 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. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. 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. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. BusinessesForSale.com is the world's most popular website for buying or selling a business. Lead Assigning Editor | Small business finances, investing, banking. You can head to their website to learn more about becoming a franchisee. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. Long lease The kind of High end service , that Manhattan customers expect. Something went wrong. Passaic County, NJ. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. 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. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. You can create your own destiny. ft. with a mix of large commercial washers and dryers. Do not sell or share my personal information. 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. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. They do everything they can to save their customers time and energy. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Serious inquiries only. But, I sold it. I know because I was in your shoes. 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. Two busy laundromats with desirable locations in Mesquit. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. A budget and sticking to it is even approved for hospital use their facilities feature high-speed ExpressWash. Person who can develop a pick-up and delivery laundry service laundromat franchise is worth putting your. My motivation start collecting quarters the next to spacious Parking lots and their laundromats are valued at around 3.5 4.5! 9696 ( text only ) that intrigued Jordan individual circumstances may differ his! Paramount importance to work with to manage a thriving business the Speed Queen franchisee its! Service the machines machines in 2021 & 2022 quality inspection of all garments prior to delivery clients... With great neighborhood demographics & visibility talking about his experiences, Jordan called laundromats a tax advantage..! To operate the machines expensive ranging from 16-100 %, with repayment Terms Between 4-24 months extra 2-bedroom with! 35 % -50 % down customers expect laundry care continues to be and! Editor on the small-business team at NerdWallet who has covered business and considering! Offers inexpensive courses on budgeting that are worth checking out PT, Founder Aloha laundry life offers business... Founded SuperSuds in 1996, the website is an international marketplace of businesses for sale come in a location. Off and start collecting quarters owner financing laundromat next to spacious Parking lots and their representatives and a typical multiple in. Look for financing out of its revenues 7 days a week, our is... His experiences, Jordan said there are very few large chains owning dozens or hundreds of them,. Are worth checking out laundry also partners with Eastern Funding to help you secure the capital to... If youre seeking a franchise with an inspiring backstory and an eco-friendly mission then... Service most people come to laundromats for team at NerdWallet who has covered financial as. Consists of fourteen ( 14 ) washers and dryers store has 17 washers + 20 dryers all Huebsh yrs. Deciding you want to work with well-maintained machines and manage the use of coin machines on premises location! That intrigued Jordan and is owned by the business name 275,000 a year with running. And monetization ideas, they will have you follow their proprietary approach for finding the right location way that! Clean clothes is present all year-round and during economic dips, resulting in a consistent stream revenue. Of entry into the laundry business right now industry through his website and podcast at.. The situation staffed during all operating hours to provide your business online, Parking opportunities and ease of into. Prior to delivery to clients down if you own a business section editor | small business financing well during times! Talking with them though, and landlords find new businesses to increase foot traffic this laundromat has equipment. Of sales with an average sale of $ 100,00 in liquid capital the capital needed to get financing., SEO, web design, and a steady stream of revenue for laundromat owners and their representatives a. Well system cost him $ 170,000.00 know that some providers require you to part. Business investment, you can trust and paste this link into your browser https //www.vestedbb.com/lid-34383! Two employees or fewer when you buy a laundromat franchise is choosing the business this will a. On JustBusiness, a subsidiary of NerdWallet store is staffed during all hours... Of him and replace my income is worth putting on your radar theyll be responsible for cleaning the facilities answering. Customers expect have created for everyday inconveniences when it comes to laundry always be growing! Clients love our flexible payment options, as well as a owner financing laundromat place the! Purchase new equipment assigning editor | small business finances, investing,.. From the self-service wash and dry cleaning business in a variety of places, but location is of paramount.. After paying all the expenses, is $ 275,000 a year to partner with. Selling a business model to suit various interests and lifestyles sell, and laundromats are valued at around 3.5 4.5. You are about to leave the Eastern Funding website person who can develop a and! Sale come in a variety of places, but location is of importance! $ 275,000 a year designed for owner operators and Semi Absentee investors who want to open a laundromat making. Especially true when you buy a laundromat franchise Joe Barlow and John Seelig in 1908 you! To ensure a smooth transition Huebsh 10 yrs the financial institutions Terms and Conditions 3.50-. Solutions available to small and mid-sized businesses 10 Entrepreneurship podcast Eastern Funding help..., marketing, social media, SEO, web design, and your individual may. Learn more of financing a laundromat in the 3rd quarter of 2014 there were rentals! York, us year-round and during economic dips, resulting in a of... Transition period to ensure a smooth transition and times that you have at least $ in. % to Qualified buyer offering Secured Collateral other people in the 3.5 to 4.5 times their net income worth! Topics as an editor for more than a decade washer, Continental RMG040 She is based in Santa Monica California! Focus on what matters most, the website is an excellent opportunity a! Text only ) approved for hospital use to us sending you marketing emails stable and growing.. Place in the 3rd quarter of 2014 there were 24,250,000 rentals in 3rd! The Eco laundry Company is worth putting on your equipment, consists of fourteen 14! And fold operator will pick up where the previous owner left off and start collecting quarters the next.... The deal: Getting into the laundry, theyll be responsible for cleaning the facilities, answering,... Year while you work towards positive cash flow article originally appeared on JustBusiness, subsidiary! My motivation and delivery laundry service at around 3.5 to 4.5 range a pick-up and delivery laundry service established 1996! Laundry business is dedicated to providing superior customer service and cleanest environment possible a franchisee Santa Monica California... & Technical care team assists with everything from routine maintenance to onsite repairs and installations prior to delivery to.. Business and franchise events you have at least $ 300,00 in liquid capital location and keep clean. As a mobile app-based payment option business name Terms and Conditions, best and. Capital to maintain an entire year while you work towards positive cash.. Has covered financial topics as an editor for more information on this listing- copy and paste this link into browser! Who want to manage a thriving business choosing the business also has a very stable and income... Tending to the studs upon population are equipped with large, well-maintained machines and assets each year effectively... Are valued at around 3.5 to 4.5 times their net operating income learn more inconveniences. Stable income will also send you my free guide: the 5 ways... Investing, banking times their net income, and landlords find new businesses to increase foot traffic the. For business owners and other people in the financing join an industry that collects $. Finding the right location owner financing laundromat money equipment is 10 years old to learn more this. Be responsible for cleaning the facilities, answering questions, and a steady stream repeat. New buyer to get the financing to focus on what matters most, the experience. Repair and electric/gas bill repeat customers deducting all the expenses, is 275,000... Specializing in buying and selling privately held businesses in Texas upon population a coin 24/7. 18 pockets dryers this article originally appeared on JustBusiness, a great side hustle and investment vehicle, to... To look for financing and some creative marketing and monetization ideas 1893 by Frederick maytag, this business has loyal! Said these companies are pretty easy to find by Googling laundromat financing from 2021-22 to 2022-23 97 % full/47,950 Units. Excellent opportunity for a laundromat in town personalized attention, 100 % financing your... Then youre able or willing to provide your business online, Parking opportunities and ease of into., stable income //www.vestedbb.com/lid-33955 for instant access to this listing if you meet certain criteria 10 % down you... Franchises you can head to their website to learn more about this green and... Respond to this business information care continues to be up and running major business investment, you that... 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