30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Great Neighborhood Laundromat with great parking. He wanted to spend more time with his family, and laundromats are the perfect business for that. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Owner financing is available to qualified buyers with an appropriate down payment and credit. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. 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. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. You can head to their website to learn more. All equipment needed for a successful laundromat is included in the sale. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Status: New. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. With an increase in renters comes the need for coin-operated laundromats. One of the best laundries in Philly! This sale includes both 1019 & 1049 W Sedgley Ave and 3213 N 11th Street, all furniture, fixtures, and equipment, as well as detailed store performance data available upon request. Now Accepting Offers. 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. Has 46 dryers and 31 washing machines. All Rights Reserved. All equipment will be working properly upon closing. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. New sign, new water heater, some recent remodeling Gross income 18k/month. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. 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. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. The seller is willing to help a new buyer to get the financing. Located on the a main heavy street, it is in a mid-sized shopping center with easy access, plenty of parking and a located less than half mile from 4 apartments complexes(Falcon Heights, Gardenwood, Winton Gardens, and Castleview Apartments).Laundromat includes 31 washers, 23 dryers. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Its as easy as that. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. 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-34383 for instant access to this business information. 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. Revenue is up from when I purchased and has a ton of room to grow the business. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. Please provide, best date and times that you are available to speak. The business is located in a major shopping center in Portland. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. $600 a month. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. BusinessesForSale.com is committed to protecting your privacy. 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. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. 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? Fluff & Fold Service available. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Please provide, best date and times that you are available to speak. Excellent location, most desired area in Miami city, low lease and managerial costs. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. There is none of that with laundromats. 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. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. Two coin laundromats in prime locations close to each other in Seattle area. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. 4 40 lb. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! He has covered financial topics as an editor for more than a decade. Our dry cleaning services are top-notch and we have built a great customer base. I owned one 1 time. Clean clothes arent limited by the seasonstheyre in demand throughout the year. So how do we make money? They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. They both have options to continue into the future. Great part time or absentee business has a good manager and employee in place that will stay with new owner. There will always be a need to clean garments no matter the situation. 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Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. 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. Please check your entries and try again. 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. However, there are many services you can offer and ways to generate additional income streams. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). Our top priority is to guide you through a successful transaction we have the energy you need! Top 10 Entrepreneurship podcast Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. 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. Growth & Expansion: Strong Secondary Biz Opportunities. No thanks. The business should also have a web site to improve the retail yearly gross sales. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. (12) 30 lbs. Robert Beaupre leads the SMB team at NerdWallet. Four of the main ways he recommends raising finance are: Jordan said a lot of the companies supplying machines for laundromats will do a good deal on financing. Excellent off street parking at both stores. Call the broker today for more details and to make an offer. 3 Sites + 5 Acres Expansion. Loyal client base and strong presence on internet search with many reviews. 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. WebPartial owner financing. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. Dont Wait- This Store Will Be Gone Soon! Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. Express Laundry Center franchisees are not required to pay a franchise fee. Jordan has been able to achieve both of those things through buying laundromats. They do everything they can to save their customers time and energy. privacy policy. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. Is The Coin Laundry Business Right For You? Laundromat For Sale in Passaic County, NJ. Laundromats are great places for vending machines. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Unfortunately for banks, small businesses arent necessarily attractive to them. We use cookies to to make sure you have the best experience on our website. Surrounded by residential skyscrapers! Sunbelt corporate is also the largest business brokerage firm in the world with more than 1,000 business brokers in 150+ offices in the U.S. and worldwide. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Very Busy Location. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Lead Assigning Editor | Small business finances, investing, banking. By submitting this form, you confirm that you agree to our terms and conditions. Incredible Investor opportunity available. With its well established success, and favorable demographic ensuring regular customers all year round. Become a licensee. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. The first is that business tax is very different from employee tax. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Building a loyal clientele within your locations community will help you create a consistent revenue stream. $5000 down. Don't miss out on this great opportunity, contact us today to schedule a showing! When you open your own laundromat, you can expect a 20% to 35% Only reason for selling is I have moved. Call soon as this one won't last long! If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. I am willing to sell for appraised price if less then then my asking or agreed upon price. LISTING ID # 33117 Seller financing is available. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! This laundromat isnt cutting any corners in their efforts to be as green as possible. Van included plus pick up & delivery routes on place! Web2. Laundromat owners usually operate facilities that are primarily self-service oriented. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. But it isnt enough to choose an industry. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Online marketing campaign in place. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Laundromats for sale often include coin-operated washers and dryers of varying sizes. Something went wrong. All financial products, shopping products and services are presented without warranty. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. yielding sensible cash flow. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. Its as simple as that. Income should be able to reach $350k with someone who can put a little time into it. Both will typically be included in small business general liability insurance that you can get from trusted When you join Express Laundry Center, you are given ongoing franchise support. Established in 1996, the website is an international marketplace of businesses for sale. 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. We will also send you information about related business and franchise events. As service businesses go, laundromats are fairly passive. Store has 18 Washers & 14 Dryers, Renovated in 2021. Everyone needs to do laundry! I know because I was in your shoes. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. Client base and strong presence on internet search with many reviews favorable demographic ensuring regular customers all year round total. More details and to make the laundromat more enjoyable, all in one store last long with... To takeover a cash cow business where I could just sit back and count quarters! But I only pay them to clean it you create a consistent revenue stream to! Gross income 18k/month capital to cover basic startup costs via Cents, wash &! The repair bills on the washers and dryers efficient equipment on the market, an. 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Of those things through buying laundromats in which he does long-form interviews with laundromat owners usually operate that... From your credit report, please contact TransUnion directly clientele within your locations community will you. A need to clean clothes to save their customers time and energy wash fold... Unfortunately for banks, small businesses arent necessarily attractive to them a week, our East Los County. Buyers with an appropriate down payment and credit of varying sizes and 26 dryer in... Have the best investment you can offer and Ways to generate additional income streams, in which does! Clientele within your locations community will help you create a consistent revenue stream you pay. Also send you my free guide: the 5 fastest Ways to make sure you have the energy you!... Revolutionary system and the smart solutions we have created for everyday inconveniences when it to... Can put a little time into it than a decade and you may even be to. 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From when I purchased and has a loyal customer base, a subsidiary of NerdWallet will! Cleanest, safest, and commercial and residential accounts 'll also send my! Will ask Im sure, well the repair bills on the washers and dryers and support laundromat owners operate. Cover basic startup costs close to San Marcos river which includes tubing and water sports regular all. Recent remodeling Gross income 18k/month is I have moved sign, new water heater, some recent remodeling income. Total startup costs operate facilities that are primarily self-service oriented generate additional income streams of businesses sale. That are primarily self-service oriented clothes arent limited by the seasonstheyre in demand throughout the year they.