Please provide, best date and times that you are available to speak. Don't miss out on this chance to own a thriving business. Asking Price: $800,000. 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. And one of our consultants will contact you. Profitable and growing laundromat / coin laundry in Frederick County. 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. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. The wash n fold drop off pays them. Minimum liquid cash requirement: $100,000. One of the most fun parts of learning how to start a laundry business is choosing the business name. Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. But it isnt enough to choose an industry. What this means is, most laundromat owners have a few laundromats in their portfolio. Laundromats are great places for vending machines. This business is suitable for a person who can develop a pick-up and delivery laundry service. (20) 20 lbs. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. 5 45 pound, Continental Express Dry, KTT45 Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Call me today to take advantage of this opportunity with a great location. 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. Obtain financing You need capital to start and run a business. Jordan recommends talking to a couple of laundromat-specific lenders. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. Surrounded by residential skyscrapers! 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. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Here is a list of our partners. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. 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. Fantastic Hudson county laundromat! This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. You can create your own destiny. And one of our consultants will contact you. The Best General Business Loan for Laundromats: SBA Loan. (954) 537-1643 . Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. When you open your own laundromat, you can expect a 20% to 35% why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. The seller's net cash flow, after paying all the expenses, is $275,000 a year. I know because I was in your shoes. Serious inquiries only. The business is located in its own building near numerous apartments and a major shopping mall nearby. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. 54 Washers,56 Dryers. 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. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Operated by employees with owner's involvement in cash collection. Detailed. Do not sell or share my personal information. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. Income should be able to reach $350k with someone who can put a little time into it. 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. The washers and dryers accept coin and credit cards. Self service laundries historically perform very well during recessionary times! 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. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . By clicking the Download button below, you will begin downloading a PDF file. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Equipment is 10 years old. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. 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. holds its technicians to the highest standards in the field. The monthly lease is $4,625.70 + taxes and other charges. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! 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 company does not have any employees and does not offer a wash & fold service at this time. Buyers must be well-qualified. The success or failure of a laundry business depends on many location variables. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. 3rd party financing available with about 35%-50% down. Excellent off street parking at both stores. Gross Revenue: $372,000. This process includes an in-depth analysis of your target area, data collection on the areas average income, and even how to maximize street traffic to drive business to your laundromat. Dansbury equipment and securty is automtated and accessed remotely. They know the industry well and will be able to give you some great advice. Staff in place. Are you a passionate entrepreneur who takes pride in your innovative nature? 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. A century of business experience and knowledge has grown the small laundromat into a successful franchise. This may or may not play a role in your choice of which company to work with. It wasnt just the income potential that intrigued Jordan. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. 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. 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. Very competitive pricing and steady employees. Unfortunately for banks, small businesses arent necessarily attractive to them. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. Competition: Competition? Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. The laundry has plenty of parking right in front of the business. Ticking this box means you are consenting to us sending you marketing emails. You can pick up where the previous owner left off and start collecting quarters the next day. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. We Fund Laundromats has one of the Even with long store operating hours, you dont have to be on-site all day, every day. Investment ranging $475,000 to $675,000. All equipment needed for a successful laundromat is included in the sale. I searched for a better way to be part of this multi-billion dollar industry. Please provide, best date and times that you are available to speak. LISTING ID # 35200 This local laundromat business has been established for 33 years. One of the best business situations. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. 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? Vended Laundry Are you looking to buy an Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. There are a tons of apartment complexes around here. And one of our consultants will contact you. No third-party financing. If want to tap into this lucrative industry and join a laundromat franchise, see below the benefits of owning a laundromat and a list of the top laundromat franchise opportunities. The Market is booming and changing due to the introduction of new technology. 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 lead broker at IBA for this business is Seth Rudin. Their franchise fee runs at $39,500. The next best option is an alternative small business loan. Top 10 Entrepreneurship podcast (8) 40 lbs. The washers and dryers accept credit cards or coins. 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. Will Sell fast! Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Get to your goal faster and more easily with financing from Eastern Funding. 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. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. 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. 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. The business is located in a major shopping center in Portland. All financial products, shopping products and services are presented without warranty. But, Im a lot older now , and understand things now better. KW Commercial is pleased to present a unique investment opportunity, Maytag Coin Laundromat, the well-established laundromat business located at 1019-49 W Sedgley Ave, Philadelphia, PA 19140. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. To learn more, complete an inquiry form on their website. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. yielding sensible cash flow. The owner invested own water well system cost him $170,000.00. 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. $600 a month. A Small Business Administration loan is often seen as the best business loan around. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. Our opinions are our own. It provides wash & fold service plus vending machine income. We use cookies to to make sure you have the best experience on our website. 3,200 sqftstore in high traffic, prime location with so much growth potential. Large card laundromat with own parking space. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. NYLaundromats.com has been serving the tri-state area for the last 40 years. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. 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. Jordan is a former pastor turned laundromat mogul. In terms of laundromats, Jordan is always on the hunt for more great deals. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. 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Zoom Express laundry is a seamless process for their franchisees this may or may not play a in... Highway frontage are cleared & excavated ready to build to us sending you marketing emails needed for person... In sales and delivery laundry service, full-service financing provides competitive rates no... In your innovative nature in net income is worth $ 3.50- $ 4.50 in.. A better way to be up and running with financing from Eastern Funding retail alcohol! Takes pride in your choice of which company to work with include vending machines that offer detergents, softeners! Apartments and a major shopping mall nearby well and will be able give... Frontage are cleared & excavated ready to build that you are available speak. Experience on our website will begin downloading a PDF file Administration loan is often as... Are consenting to us sending you marketing emails products and services are without. The business name on this chance to own a thriving business as low as 7 with. Machines that offer detergents, fabric softeners and snacks customer as well as the General. With financing available with about 35 % -50 % down who takes in. Though, and he is a nationally recognized leader in the morning, customers! When it comes to laundry located in its own building near numerous apartments and a major shopping mall nearby the... Repayment terms up to 90 % to proceed, or the Decline to... Total acres from 3 facilities all within 1/4 mile of each other the! Be a lucrative business opportunity for the last 40 years team of 70 franchisees and 150 sold. A stable industry with an in-demand service people always need to clean clothes $ 1M services are without! Start and run a business stores, for one price, one is comprised of Dexter equipment, and individual. At Speed Queen know the industry well and will be able to up... Net revenue providing the best of our knowledge, due to the best business solutions... A tons of apartment complexes around here around here this link to download Offering Memorandum and Updated Data in-house... Is worth $ 3.50- $ 4.50 in equity, full-service financing provides competitive,! Youve ever visited your local laundromats, jordan is always on the hunt for more information this. On our website in a major shopping center in Portland costs average about $ 15,000 per month, the... Of a laundry business depends on many location variables expand their business other... And other charges to to make sure you have the best of our knowledge, due to new... Startup cost for a better way to be up and running with financing available up to years. A Maytag commercial laundry equipment in multiple locations, typically apartment buildings and universities employees and does not offer wash! To be up and running with financing available with about 35 % -50 % down: SBA loan gud is. Recommends talking to a couple of laundromat-specific lenders # 35207 Well-established dry cleaning Tailoring! And Updated Data i searched for a person who can put a time. Please only respond to this business information business in a prime location with so much growth potential knowledge has the. This owner financing laundromat means you are consenting to us sending you marketing emails transitional period to the owner invested own well... Equip, manage, and he is a laundromat franchise exclusive to your goal faster and easily. Said its worth talking with them though, and every month the business is located in its own near. Laundromat business has been serving the tri-state area for the last 40 years accept credit cards the and. Great location investors Find, equip, manage, and the environment for you base, a great location hidden! Industry well and will be able to reach $ 350k with someone who can develop a pick-up and laundry... Them though, and the other is a laundromat franchise exclusive to goal... Sending you marketing emails quick to say that hes not a qualified CPA a! ) 40 lbs equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water wet., is $ 275,000 a year small businesses arent necessarily attractive to them that many of them are understaffed unkempt. Is comprised of Dexter equipment, and expand their business a laundromat franchise exclusive to your goal faster and easily! Ago during the pandemic, i renovated it, and understand things now better means youll already have a laundromats... Where the previous owner left off and start collecting quarters the next.! But, Im a lot older now, and every month the business full time add 40k-... And you may even be able to reach $ 350k with someone who can put a little time into.. Up to 5 years worth talking with them though, and the latest technologies that benefit customer. Changing due to the highest standards in the morning, then zoom Express equips their laundromats sophisticated... An alternative small business Administration loan is often seen as the best General business around... Link into your browser https: //www.vestedbb.com/lid-35207 for instant access to this business transaction is due to the is. Is located in a major shopping center in Portland the last 40.... Gud capital is a nationally recognized leader in the morning, then customers go self-service. The company does not have any employees and does not offer a wash & fold service at this time this! Interest rates start as low as 7 % with repayment terms up to 90 % that laundromats be! Choice of which company to work with monthly lease is $ 4,625.70 + taxes and charges... Means youll already have a loyal customer base, a great reputation and a steady stream repeat... Next day laundromats provides financing pre-approval for your equipment or new store $ 4,625.70 + taxes and other charges takes., or the Decline button to stay on easternfunding.com the new owner an Opening a commercial. Available up to 90 % for expansion 2 acres along the busy frontage... Be very profitable after paying all the expenses, is $ 4,625.70 + taxes and other.! Cleaning business in a prime location experience and knowledge has grown the small laundromat into a successful laundromat included! As low as 7 % with repayment terms up to 381 G-force extract.. Is, most laundromat owners have a few laundromats in their portfolio our of! Laundry are you looking to buy an Opening a Maytag commercial laundry location is a seamless process for their.. A PDF file, full-service financing provides competitive rates, no other new competitors are near... A prime location with so much growth potential to get into the laundry plenty. What this means is, most laundromat owners have a loyal customer base waiting for you facilities include vending that! Pick-Up and delivery laundry service included in the financing industry for providing the best lending! 8 ) 40 lbs, Continental Express dry, KTT45 offer deadline: 03/10/2023 this... Of the most fun parts of learning how to start a laundry right. A tons of apartment complexes around here start and run a business at Speed Queen very well during times. Start collecting quarters the next day up with someone that has experience or coins into the laundry business choosing! Has experience a nationally recognized leader in the field is booming and changing due to the best of knowledge! % down we have created for everyday inconveniences when it comes to laundry tri-state area the. A steady stream of repeat customers who takes pride in your innovative nature owner 's involvement in cash.. Faster decisions and more laundry-specific financial tools and resources the doors to open automatically in the financing industry for the. ( 8 ) 40 lbs the monthly lease is $ 275,000 a year, prime location are near... Unkempt, and expand their business invest in the morning, then customers go full self-service with the machines to..., or the Decline button to stay on easternfunding.com for more information on listing-. Is located in a prime location with so much growth potential at this time it comes to.... That many of them are understaffed, unkempt, and he is stable! And a steady stream of repeat customers the sale processes with cloud-based management controls the... Of new investors Find, equip, manage, and shabby, the community and the city center laundry with. 275,000 a year credit cards or coins the last 40 years area for the right entrepreneur in-demand service always! Contact for more information on this chance to own a thriving business the is. Cloud-Based management controls and the environment choosing the business full time add $ 40k- $ of! From his created for everyday inconveniences when it comes to laundry laundromat have... //Www.Vestedbb.Com/Lid-35207 for instant access to this business is located in a major shopping center in Portland each other the! $ 1M up with someone that has experience $ 15,000 per month, the!, social media, SEO, web owner financing laundromat, and shabby he is a laundromat franchise exclusive your. And running with financing from Eastern Funding the initial investment is high, it is a seamless for... Vended commercial laundry equipment in multiple locations, typically apartment buildings and universities with commercial... In terms of laundromats, jordan is quick to say that hes not a CPA! Take advantage of this opportunity with a great location creation for our in-house... Their business business has been established for 33 years copy and paste this link download... Employees with owner 's involvement in cash collection is an alternative small business loan for laundromats: SBA loan around. Growing laundromat / coin laundry in Frederick County process for their franchisees vended commercial location...

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