You can pick up where the previous owner left off and start collecting quarters the next day. Includes regular commercial clients. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. If youre still working on securing the capital, you might be confused by all the different funding options available. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. This Web2. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. 18 pockets Dryers Most laundromats right now are run by mom and pop owners, Jordan said. Take advantage of the continuous momentum this business has been building. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. He likes this option for first-time buyers as you get to not only leverage their finance but also their expertise in this area and industry knowledge. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. We will also send you information about related business and franchise events. If you decide to franchise with SuperSuds, youll be walked through their proven five-step formula. Their team will work with you on securing a location, writing your business plan, designing your laundromat, and more. The laundry is approximately 3,100 square feet and the current term of the lease expires on December 31, 2024 and the lease has one 5 year option to renew. In other words, you can finish your laundry faster and get back to your other to-dos. Here is a list of our partners. washer, Continental RMG040 Competition: Limited, Town Moratorium for New laundry Businesses. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). You're in! This is the one you've been waiting for. He believes in this model so much that hes put together a team of investors and is looking to buy up larger laundromats and real estate in the future. All equipment will be working properly upon closing. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. ** This is two large laundromats for sale separately or together. Detailed. I agree if you, as a owner place in the right location and keep it clean it will make you money. Laundrylux provided me a turn-key solution including assistance with location selection, demographics, store design and signage, construction, proper laundromat equipment selection, and laundromat financing. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Lots of new top notch equipment included. Detailed. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. 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. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. A Better Place to Do Your Laundry Laundry is all we do. The reason we are selling is multiple sclerosis. The owner is willing to enter into a long term lease with the buyer. Long lease The kind of High end service , that Manhattan customers expect. 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 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. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? 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. One of the best laundries in Philly! Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. 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. A laundromat is a self-service business. Become a licensee. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. Its size is 2800 sq. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. App Pay Payment System. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. 6 20 lb. WebEvery laundromat owner needs property and liability insurance. H-Mart grocery anchor. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. 4 55 lb. 4 40 lb. Rated 5 stars by its loyal customers. She is based in Santa Monica, California. Pre-qualified offers are not binding. Month after month this app/web based laundry service is growing. Some companies will only finance people with experience running a laundromat. 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. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. 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. 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. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Some businesses offer some other services that require labor, like folding clothes. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. 40% of business is from drop-offs. I take care of my dad. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. 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. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information. Both have been remodeled, one is a complete remodel down to the studs. 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. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. We leave the competition behind. BusinessesForSale.com is committed to protecting your privacy. This information may be different than what you see when you visit a financial institution, service provider or specific products site. This business is suitable for a person who can develop a pick-up and delivery laundry service. Location Location Location! And one of our consultants will contact you. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Great part time or absentee business has a good manager and employee in place that will stay with new owner. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. 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. I owned one 1 time. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. And one of our consultants will contact you. 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. 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. Excellent location, most desired area in Miami city, low lease and managerial costs. Call soon as this one won't last long! This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. 8,000 sq. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. You may be able to get an SBA 504 loan. With a strong reputation and steady income, this laundromat is a great investment opportunity. What this means is, most laundromat owners have a few laundromats in their portfolio. Franchisees should have a minimum of $100,00 in liquid capital. Easy to manage business, ideal for starters and investors. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. Contact Steven Schaefer at 631-292-2708 for more information. 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