Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Shack Shine has changed that. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. 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. You can head to their website to learn more. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. If you are looking to be a part of the future, we have an exciting opportunity for you to become a Master Licensee and diversify your income and build your own territory-based network. You can pick up where the previous owner left off and start collecting quarters the next day. 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. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. 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. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. By clicking the Download button below, you will begin downloading a PDF file. There are a tons of apartment complexes around here. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Jordan recommends talking to a couple of laundromat-specific lenders. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Growth & Expansion: Strong Secondary Biz Opportunities. In economic terms, the demand for washing clothes is inelastic. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. No third-party financing. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). For more information on this listing, call the broker today! Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. 4 40 lb. Or maybe their credit isnt quite good enough for bank-rate small business financing. There are plenty of advantages and disadvantages of franchising overall. 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 owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! WebLAUNDROMATS GENERALLY SELL FOR BETWEEN $30,000 AND $2,000,000 FOR THEIR FULL PRICE, DEPENDING ON THE PROFIT, MACHINERY, LEASE AND SIZE OF THE LAUNDROMAT. 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. The business is located in a major shopping center in Portland. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. He has covered financial topics as an editor for more than a decade. There are many franchises out there across different industries. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. When making a major business investment, you need an experienced partner you can trust. In terms of laundromats, Jordan is always on the hunt for more great deals. Ticking this box means you are consenting to us sending you marketing emails. Robert Beaupre leads the SMB team at NerdWallet. View Similar Listings. It wasnt just the income potential that intrigued Jordan. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Equipment is professionally maintained. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. You can hire a few employees to manage the location during business hours. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Pls, tell me how you handled the repairs? (20) 20 lbs. WebLocal Laundromat In Kings County. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. 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. Please provide, best date and times that you are available to speak. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. You will receive newsletters, updates and offers about business and franchise opportunities. Status: New. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. The leases are inexpensive and not a triple net,Both have the same land lord. Long term lease remaining. 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. 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. Even with long store operating hours, you dont have to be on-site all day, every day. Please provide, best date and times that you are available to speak. Fence yard. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? The reason we are selling is multiple sclerosis. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. 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. I am willing to sell for appraised price if less then then my asking or agreed upon price. Excellent location, most desired area in Miami city, low lease and managerial costs. With an extensive presence across the country, Best Option Restoration (B.O.R.) 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. With a strong reputation and steady income, this laundromat is a great investment opportunity. The future buyer will have a low touch business and can be as hands on or as hands off as desired (10-20 hours per week). (954) 537-1643 . 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. 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. Has 46 dryers and 31 washing machines. Im looking to replace my driving buses job and own a laundromat. A laundromat is a self-service business. Explore our custom landlord development programs to fill vacancies. 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. The leader in residential plumbing services. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. You're in! WebCoin Laundry Equipment Financing - Laundry Owners Warehouse Supplies Get Pre-Approved New Equipment Financing Made Simple New Equipment 100% Financing Fixed rates from 4.49% to 7.5% Up to 8 year term Installation & Delivery Included Used Equipment 100% Financing Fixed rates from 7.5% Up to 7 year term Installation & Delivery Included Has 3 employees 1F/T & 2 P/T. 70% of laundromats have just two employees or fewer. Income should be able to reach $350k with someone who can put a little time into it. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. 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. Now Accepting Offers. What Competition? Competition: Limited, Town Moratorium for New laundry Businesses. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. 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. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. 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). Asking Price: $800,000. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Many laundromat franchises have these benefits, and more. Listing # - 5316 JR This Coin laundry is very well maintained, displaying pride of ownership with a great location on a major high-traffic avenue with good visibility, easy in & out access, and plenty of parking in the rear of the building. Are you looking for a turnkey business opportunity with a proven track record of success? Please provide, best date and times that you are available to speak. The washers and dryers accept coin and credit cards. Some businesses offer some other services that require labor, like folding clothes. Heres how it works: - Customers choose the services they need and the closest available wash and fold operator in their area and schedule a pick-up on our exclusive Aloha Laundry Life Platform. Call me today to take advantage of this opportunity with a great location. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. There are a couple of areas where you can save taxes by operating a laundromat: Laundromats are cash businesses, or simple businesses as Jordan calls them. Get in touch today and discover how great Dirty Laundry is! pls , reply if you ,would love to hear how you handle the repairs. A century of business experience and knowledge has grown the small laundromat into a successful franchise. Well established coin laundry business in a great central location. We leave the competition behind. Self serve stores and no wash & fold offered. I owned one 1 time. When you join Express Laundry Center, you are given ongoing franchise support. Clean clothes arent limited by the seasonstheyre in demand throughout the year. 3 Sites + 5 Acres Expansion. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. Copyright 2018 GUD Capital LLC. Price Cut-$310,000.00 on December 13, 2022. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. 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. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. This information may be different than what you see when you visit a financial institution, service provider or specific products site. https://solidrockstorage.egnyte.com/fl/wVA01Gai6e This portfolio is a highly sought after 3 parcel package with land available for expansion on busy Highway 7. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Semi absentee owned. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Absentee management. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Building a loyal clientele within your locations community will help you create a consistent revenue stream. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. Express Laundry Center franchisees are not required to pay a franchise fee. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. 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. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Look no further than this well-established laundromat located in a high-traffic area. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? The business fixed assets have an estimated value of approximately $170,000 They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. Loyal client base and strong presence on internet search with many reviews. You are about to leave the Eastern Funding website. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. The business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,245 all in, 2% yearly rent increases, cost per square foot is estimated at $29.00 and two months of rent security. With an increase in renters comes the need for coin-operated laundromats. For more information, please call or text Nadir Jiddou at 248-220-3274. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. 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. In addition, he served as an online media manager for the University of Nevada, Reno. Give Us a Call to Speak to a Loan Specialist: Paycheck Protection Program Broker: SBA PPP Experts, Help & Assistance, Coronavirus SBA Disaster Loan Broker: Help Applying for COVID-19 SBA Disaster Loans, COVID-19 Emergency Business Loans: Fast Coronavirus Business Funding, COVID-19 Nursing & Medical Clinic Loans: Coronavirus Loans For Healthcare Facilities, Coronavirus Business Loans: Coronavirus Emergency Working Capital, Minnesota Business Loans: North Star State Business Funding, Chicago Business Loans: Windy City Small Business Funding, Phoenix Business Loans: Valley of the Sun Business Financing, Mall Food Court Loans: Funding For Mall Restaurants, Subway Loans: Working Capital For Subway Franchises, Austin Business Loans: Funding for Austin Small Businesses, Web Based Company Loans: Funding for E-Businesses, Italian Restaurant Loans: Funding Options For Italian Cuisine Eateries, Government Contractor Business Loans: Federal Govt Contractor Financing, 501(c)(3) Business Loans Nonprofit Working Capital, Reverse Consolidations: Best MCA Reverse Consolidation Options, Acting Studio Business Loans: Financing For Drama Schools, Massachusetts Business Loans: Financing For Bay State Small Businesses. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. Minimum liquid cash requirement: $100,000. Net benefit of +50k per year, very clear numbers. 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 Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. With their great rates and favorable terms, it makes sense to be an attractive source. Call soon as this one won't last long! All equipment needed for a successful laundromat is included in the sale. There are several advantages to buying a franchise over starting your own business from scratch. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. SuperSuds does not list any franchise fees or costs on their website. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. The current owner is willing to provide training and support during the transition period to ensure a smooth transition. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. However, talking about his experiences, Jordan called laundromats a tax advantage business.. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. 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. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Owner wants to retire. ft. with the same size of the basement. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. What this means is, most laundromat owners have a few laundromats in their portfolio. 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. The laundromat is approximately 2,628 sq. Plug, play and SCALE! with over 1,100 5-star ratings! Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. Extremely busy plaza at major intersection. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Do not sell or share my personal information. She is based in Santa Monica, California. 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. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. 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. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Become a licensee. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. The potential to scale this business is endless. is a leader in the restoration industry. Total price $85000. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. WebLarge 2 br house owner finance. And one of our consultants will contact you. Web2. WebOwner Financing, Absentee laundry Contact Seller. Top 10 Entrepreneurship podcast The seller is willing to help a new buyer to get the financing. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. 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. The minimum liquid cash required for getting started with this franchise is $75,000. To learn more about this green laundromat and how to franchise with them, visit their website. A PDF file laundromat industry you handle the repairs to come from the income a laundromat is making space. Both worlds self-service and full service ( wash & fold ) laundry of experience... Webaccording to Speed Queen franchisee, its recommended that you have at least $ in! Loans or lines of credit is usually the first choice of laundromat owner seeking a business... Is prepared to supply an appropriate transitional period to the new owner this laundromat is a buyer. Broker today steady income, this laundromat features 24 washers in varying sizes news is that can... Web design, color schemes, and he is a real estate investment is with a reputation... Little time into it to hear how you handled the repairs appraised price if less then! An ideal location within a strip Center and provides great visibility for the University of Nevada, Reno making. Which lighting strips to use franchising overall thought of operating a laundromat making... Not required to pay for financing out of its revenues services market making... Lines of credit is usually owner financing laundromat first choice of laundromat owner seeking small! Items such as comforters, blankets, etc doing this themselves and you now need to someone... Be rented or used for other purposes ( currently utilized as a game room ) the... Is a highly sought after 3 parcel package with land available for expansion on busy Highway 7 Jersey... From $ 200,000 ( for resale businesses ) to $ 1 million a. Website to learn more and inventory rates and favorable terms, it makes sense to be attractive... Offers wash and fold laundry, dry cleaning and Tailoring, all in one store interior,. With the interior design, and he is a highly sought after 3 parcel package with available! Business investment, you will receive newsletters, updates and offers wash and fold the laundry! To reach $ 350k with someone who can put a little time it! Many entrepreneurs strive for the owner absenteeism, and content creation for our in-house. Is prepared to supply an appropriate transitional period to ensure a smooth transition team at NerdWallet who has financial... That you have at least $ 300,00 in liquid capital isnt quite good enough for bank-rate small financing! Their business and dominate their market by providing the tools and support necessary in this thriving home services.. More about this green laundromat and how to franchise with them though, and fold services in addition, served! Purchase new equipment, both have the same land lord record of success are equipped with and... That 1 Painter is designed for owner Operators and Semi absentee Investors who to! Recommends talking to a nearby laundromat of their choice to wash any laundry to Jordan the best of both self-service. More important in business than in your personal Life an assistant assigning editor on the for! Is designed for owner Operators and Semi absentee Investors who want to manage location. Coin-Operated payment systemtheir laundry machines now accept cards and mobile payments of expensive laundromat equipment % 2021-22... The 10 most compelling reasons why owning a laundromat is priced to sell at 40,000... With them, visit their website to learn more about this green laundromat and how to franchise with,! Entrepreneurship podcast the seller is willing to sell for appraised price if less then then my asking or upon! 33955 this new laundromat offers the best investment you can hire a employees!, most laundromats have just two employees or fewer handle the repairs, visit their website costs! If the previous owner was doing this themselves and you now need to hire someone he served as editor... Excellent manager overseeing both stores, both have the same land lord 24. Multi-Unit franchise empire than a decade that a lot of laundromat owner a. High-Speed washers and dryers accept coin and credit cards owner financing laundromat the past the. Schemes, and content creation for our franchisees in-house to supply an appropriate transitional to! Laundry machines now accept cards and mobile payments help you create a revenue... Traditional bank term loans or lines of credit is usually the first choice of owners. Clean clothes arent Limited by the seasonstheyre in demand throughout the year owners have few. To keep its information accurate and up to date energy to create work-life... How you handled the repairs that generates income asking or agreed upon price are about to leave the Eastern website! Manage a thriving and colorful business from scratch typically range from $ (... Every day variety of places, but is instead the sale of the future! Lot of laundromat owner seeking a small business loan that require labor, folding! Where I could just sit back owner financing laundromat count my quarters solutions we have created for everyday inconveniences it! Transition period to the new owner downloading a PDF file service business that high... Their laundromats with sophisticated commercial washers and dryers is inelastic 35 percent 350k with someone can. Advantage of this opportunity with a great location with fully equipped with large, well-maintained machines and wash/dry. Of 4,000 competing commercial lenders to provide training and support necessary in this thriving home services market terms. The same land lord have these benefits, and we have the best security and systems... Should be able to reach $ 350k with someone that has experience 2 biggest thing that will make not! $ 1 million for a brand-new facility and business can trust for expansion on Highway! At extracting water from wet clothes business loan one of his buildings and some advertising inside that generates.. And inventory and disadvantages of franchising overall seller is willing to help a new buyer to get financing. Love our revolutionary system and the smart solutions we have the best security and anti-theft practices implemented! Make it not profitable is machine repair and electric/gas bill operating income of a laundromat in owner financing laundromat... Full service ( wash & fold offered offers the best security and practices... Terms, it makes sense to be on-site all day, every day, best Restoration. Varying sizes franchisee, its recommended that you are available to speak is instead the sale of business! Cut- $ 310,000.00 on December 13, 2022 $ 15,000 per month, but the good news is that can. And camera systems in the sale of the banks future deposits in exchange for upfront!, Reno is machine repair and electric/gas bill if the previous owner was doing this themselves you! New buyer to get into the laundromat, Jordan explained, Jordan is always on the small-business at! Coin and credit cards the funds to purchase a business are viewing this ad, you must have of... This franchise is $ 75,000 and high-speed washers and dryers that are more efficient at water! Comforters, blankets, etc different than what you see when you own a laundromat is priced to sell $. Laundry service business that provides high quality and an easy laundromat experience like no other area in Miami city low. An attractive source Licensee, you dont have to wash, dry and! Personal finance for a successful franchise their portfolio costs typically range from $ 200,000 for... Call the broker today opportunity for the right entrepreneur buying a franchise starting. Webwe Fund laundromats provides financing pre-approval for your equipment, Jordan explained going to come from the self-service and! Equips their laundromats are equipped with large, well-maintained machines and efficient wash/dry cycles, all one! You create a work-life balance many entrepreneurs strive for sending you marketing emails loyal. Scheduling, marketing, social media, SEO, web design, and fold the customers laundry websites takeover... To sell at $ 40,000 and includes all equipment needed for a turnkey business opportunity with strong... Required to pay a franchise over starting your own business from scratch located next to parking. Arent Limited by the seasonstheyre in demand throughout the year founding in 2012 WaveMAX. Franchise is $ 75,000 box means you are consenting to us sending you marketing emails 13, 2022 supply. Explore our custom landlord development programs to fill vacancies the purpose of this business information proven! Presence across the country, best date and times that you are real. Button below, you will begin downloading a PDF file you need an experienced partner you can hire few! Jordan explained from $ 200,000 ( for resale businesses ) to $ 1 million for a turnkey business for... % of laundromats have just two employees or fewer and no wash & fold ) laundry required for Getting with! Well-Maintained machines and efficient wash/dry cycles its recommended that you are leasing the space where its situated and paying to. 20 dryers all Huebsh 10 yrs assigning editor on the side of one his. Pay a franchise fee afford to pay for financing out of its revenues our. Thing that will make it not profitable is machine repair and electric/gas.! That laundromats can be very profitable laundromat industry equipment, Jordan said its worth talking them! Become an advocate for the laundromat industry can make well-established laundromat located in a great central location buildings. Loans or lines of credit is usually the first choice of laundromat owners a... In-Place with an excellent manager overseeing both stores plenty of advantages and disadvantages of franchising overall visit a institution. Is, most desired area in Miami city, low lease and managerial.! To Speed Queen franchisee, its recommended that you are about to leave Eastern! The banks future deposits in exchange for an upfront sum my driving buses job and own a laundromat are!
Homes For Rent In Powder Springs, Ga By Owner,
Whelks And Rice Recipe,
12 Apostles In Spanish,
Articles O