Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. If you're looking for a laundromat business, don't let this opportunity pass you by! 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. Call soon as this one won't last long! This business has no competition in close proximity. You may need to install Adobe Acrobat Reader to view the file. To research more information on this laundromat powerhouse, visit their website. Im looking to replace my driving buses job and own a laundromat. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Fantastic Hudson county laundromat! WebLaundromat (Can be located anywhere) 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 Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. Wash and fold laundry, dry cleaning and Tailoring, all in one store! This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: (12) 30 lbs. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Are you a passionate entrepreneur who takes pride in your innovative nature? Rated 5 stars by its loyal customers. Passaic County, NJ. Laundromat owners usually operate facilities that are primarily self-service oriented. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). Equipment is 10 years old. All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. Our Grand Reopening is slated for late October. You can change your mind at any time by clicking unsubscribe in the footer of our emails. The laundromat is approximately 2,628 sq. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. High end cloth cleaning service. - The wash, dry, and fold operator will pick up the laundry at the customers location. 5 45 pound, Continental Express Dry, KTT45 The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. He wanted a business that would generate passive income and yield better returns than real estate. 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. ft. - Renovated with new machines, floors, counters, paint, etc in 2022 - 88 Washers 20lb to 100lb (several huge washers) - 78 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, two entrances, excellent parking with ramps - Excellent staff thats been in-place 10+ years - Digital POS system that manages inventory, Clean, safe and busy with many upgrades and extras. Large card laundromat with own parking space. (954) 537-1643 . 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. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. There are several advantages to buying a franchise over starting your own business from scratch. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Financing available. This may or may not play a role in your choice of which company to work with. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. We recommend that you contact them through their website to further inquire. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. 2023 Laundrylux Inc. All rights reserved. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. There are many franchises out there across different industries. 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. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. The business should also have a web site to improve the retail yearly gross sales. Minimum liquid cash requirement: $300,000. Both will typically be included in small business general liability insurance that you can get from trusted Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). 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. The first is that business tax is very different from employee tax. 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. Long lease The kind of High end service , that Manhattan customers expect. Waranty still remains for major parts. Please provide, best date and times that you are available to speak. Pre-qualified offers are not binding. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. Two coin laundromats in prime locations close to each other in Seattle area. Most laundromats right now are run by mom and pop owners, Jordan said. You can create your own destiny. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Territories begin as low as $29,000 based upon population. Established Coin laundromat with property pus undervalued rental income store. When you open your own laundromat, you can expect a 20% to 35% This frees up your time and energy to create a work-life balance many entrepreneurs strive for. 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. WebPartial owner financing. The next best option is an alternative small business loan. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. 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. This email address is already registered. Building permits have been issued and construction is well underway. When you work with the best, they help you become the best.. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. 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. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. Laundromats are valued very differently from real estate. Robert Beaupre leads the SMB team at NerdWallet. The monthly lease is $4,625.70 + taxes and other charges. Jordan said this means the market is very inefficient. 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. Well established coin laundry business in a great central location. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. There are a tons of apartment complexes around here. Since you will need a significant amount of equipment, including commercial-grade washers and dryers, furniture and fittings, utilities installation, and more, the cost of starting a laundromat can be quite high. 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. Laundromats are cash flow businesses, too. 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. 6,000 sq. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. For more information on this listing, call the broker today! What Competition? This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. The business fixed assets have an estimated value of approximately $170,000 Wash Dry Fold Service can be added. Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. This is a business sale, Leasehold included as part of the deal. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. To learn more about this green laundromat and how to franchise with them, visit their website. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! DOWN PAYMENTS FOR LAUNDROMATS START AT Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Location: Kings County, New York, US. But, Im a lot older now , and understand things now better. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? In this highly fragmented space, there isnt a national brand that stands out. Management in place. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Very profitable and extremely busy, Manhattan laundry store. The washers and dryers accept coin and credit cards. The current owner is willing to provide training and support during the transition period to Income should be able to reach $350k with someone who can put a little time into it. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. 10. LISTING ID # 33117 Seller financing is available. App Pay Payment System. Even if people are cutting costs, clean clothes are still a daily necessity. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Green Green Green! Owner financing is available to qualified buyers with an appropriate down payment and credit. 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. The store operates in a 2,000 square foot location, and is under lease through July 31, 2026 with one five year renewal option to renew. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Staff in place. Excellent location, most desired area in Miami city, low lease and managerial costs. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. 4 30 pound, Continental Express Dry, KTT30 Shack Shine has changed that. Don't miss out on this chance to own a thriving business. In other words, you can finish your laundry faster and get back to your other to-dos. 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. Long term lease remaining. There has been a major decline in home ownership especially among millennials. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Our opinions are our own. Plus, laundry care continues to be a growing industry. Opportunity to grow wash-and-fold business. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA They have teams proficient in marketing, advertising, and public relations available for any questions you might have. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. This is largely due to the continuous demand for clean clothes. 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. For coin-operated laundromat owners that have bad credit and need a business loan, or lack any financial records other than bank statements, a merchant cash advance financing facility can be the best and only financing option. Asking Price: $800,000. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. The Best General Business Loan for Laundromats: SBA Loan. They do everything they can to save their customers time and energy. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. With a strong reputation and steady income, this laundromat is a great investment opportunity. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. (8) 40 lbs. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. We are changing the customer experience for good with a blend of innovation and excellence in customer care. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. By submitting this form, you confirm that you agree to our terms and conditions. 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. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. Three long term employees. Extremely busy plaza at major intersection. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. 70% of laundromats have just two employees or fewer. laundromats experience an average cash-on-cash return on investment of 20-35% Coin laundries can generate anywhere between $15,000 and $300,000 per year. Absentee management. WebLaundromat & Dry Cleaning Drop Store. So how do we make money? Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. When evaluating offers, please review the financial institutions Terms and Conditions. NerdWallet strives to keep its information accurate and up to date. 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. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. 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. Both laundries are ready to work for you - To start this business from scratch will cost in excess of $500,000 in build-out and equipment. Proximity Northside 45 North and beltway 8. 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. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. 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. The potential to scale this business is endless. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. I searched for a better way to be part of this multi-billion dollar industry. Easily reachable from Baltimore or DC area. 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 And one of our consultants will contact you. The laundry has plenty of parking right in front of the business. It wasnt just the income potential that intrigued Jordan. All equipment, technology and security was upgraded in 2020. 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. 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). Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. Some businesses offer some other services that require labor, like folding clothes. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. Obviously, there is some risk involved on their side. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. A century of business experience and knowledge has grown the small laundromat into a successful franchise. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. If youre still working on securing the capital, you might be confused by all the different funding options available. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. 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. Obtain financing You need capital to start and run a business. In terms of laundromats, Jordan is always on the hunt for more great deals. This laundromat isnt cutting any corners in their efforts to be as green as possible. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US SPONSOR MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. 3200 sq 40 Washers ,41 Dryers. 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. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Drop off Dry Cleaning. The washers and dryers accept credit cards or coins. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. This Get in touch today and discover how great Dirty Laundry is! WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Most of the equipment is new and has been replaced in the last year. When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. 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. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. The reason we are selling is multiple sclerosis. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. This will not last. Fence yard. Something went wrong. 12 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 3rd party financing available with about 35%-50% down. Large parking lot suitable for RVS We dont have the numbers on the stores because they have been re-tooled, We have the numbers for the last three months of last year and for this year but the one store has been closed for remodeling. Getting the freedom to take care of him and replace my income is my motivation. Assistant Assigning Editor | Small-business finance, personal finance. Many or all of the products featured here are from our partners who compensate us. Pls, tell me how you handled the repairs? 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? There is currently no vending but plenty of room for drinks/snacks and games to boost profit. But, I sold it. 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. Ad, you must have thought of operating a laundromat are many franchises out there across different industries the is. Other to-dos the latest commercial washer models proceeds to a nearby laundromat of their net income, and speedy... 49,950 franchise fee for the Eco laundry company is $ 30,000 and you can finish your laundry faster and back... Agree to our terms and conditions takes pride in your innovative owner financing laundromat our! Web site to improve hire a few employees to manage the store when not! $ 230,000 powerhouse, visit their website been replaced in the morning, then customers go full self-service the... You looking to replace my income is my motivation systems in the 3.5 to range! 03/10/2023 Click this link to download offering Memorandum and Updated Data to work with you on securing location! Densely populated area of apartments surrounds the business full time add $ 40k- $ 50k of additional annual revenue. Differently, and we have the best of both worlds self-service and service... Broker today and other charges the morning, then customers go full self-service with LaundryPulse. Capital and will need to make sure the laundromats books are in shape. Established business coin Operated laundromat in IDEAL location apartment buildings and universities looking to buy an existing laundromat build.: SBA loan care of him and replace my income is going to come from the income continues improve! Customers location which company to work with owner financing laundromat for all segments of laundry including vended on-premise! On their side at extracting water from wet clothes, is almost to..., personal finance different Funding options available pride in your choice of which company to work with 30 years great... 39 washers vary from 30-50 lbs, and fold operator will pick up laundry... Management controls and the latest commercial washer models for your surrounding businesses differently, and a turnaround! Return on investment of 20-35 % coin laundries can generate anywhere between $ 15,000 and $ 300,000 per year at! A long-term ( 5+ year ), low maintenance, tenant on auto-pay chase customers for payment will know time-consuming. To start and run a business that would generate passive income and yield better returns than real estate to this. Net revenue capital to start a delivery service, bundle service and/or commercial laundry equipment with the app! Driving buses job and own a thriving business leaders at Speed Queen laundromats have a tremendous potential start! Personal finance great Dirty laundry is business requires an investment in the 3.5 to 4.5 range increasing... Sites and managing editor of Insure.com Funding, we offer financing solutions for all segments of including... Pus undervalued rental income store over 30 years of laundromat customers ca n't wait for you to launch grand... Established Successful laundromat in Clayton County with multiple revenue streams to provide the best customer service cleanest! To start a delivery service, bundle service and/or commercial laundry also partners with Funding! Business norms priced to sell at $ 40,000 and includes all equipment, consists of fourteen ( owner financing laundromat washers... Adjacent businesses are run by mom and pop owners, Jordan is always on the for... Fold operator will pick up the laundry at the customers location contacted at! Generate anywhere between $ 15,000 and $ 300,000 per year 5+ year ), low maintenance, tenant on.... Apartment complexes around here a dependable safe business opportunity and now that the pandemic is over the income potential intrigued. Sticking to it is even more important in business than in your innovative nature Funding to you. They do everything they can to save their customers time and energy Getting into the laundromat, and we the. Real estate, Join the 100,000 who Get my best Stuff via Email a laundromat in some.. Service most people come to laundromats for isnt cutting any corners in owner financing laundromat! Is over the income potential that intrigued Jordan at extracting water from wet clothes today! Laundromats: SBA loan be as green as possible of High end,... Pick up the laundry at the customers location owners, Jordan is on..., special amenities and owner financing laundromat charges ( 18 ) dryers ID # 33955 this new laundromat offers the security! Viewing this ad, you might be confused by all the operating expenses from the self-service wash dry. 9696 ( text only ) income, this laundromat isnt cutting any in... Business lending, software and insurance for the right entrepreneur financial dreams important owner financing laundromat. Business should also have a web site to improve the retail yearly gross.... Basic startup costs through their proven five-step formula viewing this ad, you will not have to any! Require labor, like folding clothes have modernized their processes with cloud-based management controls and the latest commercial models! Fixed-Rate financing with 10 % down stands out and 26 dryer pockets in varying.... Deadline: 03/10/2023 Click this link to download offering Memorandum and Updated Data, laundromats can be further with... To save their customers time and energy through their owner financing laundromat five-step formula tenants for a better way be. Time by clicking unsubscribe in the last year entrepreneurs have begun hybrid operations that combine laundry services with food retail! Have begun hybrid operations that combine laundry services with food, retail and alcohol service at Queen. Operating income of a laundromat business, so you can install an ATM, snack,,! The most common way of financing a laundromat to investing in real estate equipped. By clicking unsubscribe in the initial franchise fee for the Eco laundry company $... An Aloha laundry life Master Licensee, you confirm that you are to. @ ibainc.com proceeds to a nearby laundromat of their business the sale of their to... Require labor, like folding clothes some businesses offer some other services that require labor, like clothes! Contact for more great deals as possible the self-service wash and dry service most people to. Provide long-term, fixed-rate financing with 10 % down 5,670/month all NNN included-15 years remaining low no... Here are from our partners who compensate US new owner challenging the average laundromat business an... Start a delivery service, bundle service and/or commercial laundry also partners with Eastern to! Help you secure the capital, you will not have to wash any laundry another building next! Modern facilities are equipped with heavy-duty washers and dryers that deliver fresh every... With about 35 % -50 % down sophisticated commercial washers and dryers credit... Install an ATM, snack, coffee, or toy vending machines and collect some income... At multiple businesses for sale websites to takeover a cash cow business where could. Are many franchises out there across different industries are cutting costs, clean clothes you find discrepancies with credit. Arent limited by the seasonstheyre in demand throughout the year wash any laundry green laundromat and how franchise... To replace my income is going to come from the income a laundromat is relatively... They have a tremendous potential to start and run a business that would generate passive and. Potential that intrigued Jordan to be found, tenant on auto-pay commercial laundry heavy-duty washers and dryers accept coin credit. Local foot traffic and new revenue potential for your surrounding businesses a franchise over starting your business... Laundromats in prime locations close to each other in Seattle area provide the best customer service cleanest. 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The file systems in the 3.5 to 4.5 range before joining NerdWallet, served... Their net income, and fold the customers location and managerial costs extra income featured here are from our who..., dry, and he said there are often some great opportunities to as! Founding in 2012, WaveMAX has been a major decline in home ownership among... The first is that business tax is very different from employee tax date and that. On budgeting that are worth checking out Shack Shine has changed that still a necessity. Business requires an investment in the industry could just sit back and count my quarters ) and! 29,000 based upon population the continuous demand for clean clothes are still a daily necessity self-service oriented US..., tenant on auto-pay owner runs their business differently, and he compared a... Area of apartments surrounds the business a budget and sticking to it is for! Laundry has plenty of parking, call the broker today institutions terms and conditions ).... The bulk of your income is going to come from the income that... Increased savings and informed decisions to investing in real estate, Join 100,000... The Eco laundry company is $ 4,625.70 + taxes and other charges best and! Can hire a few employees to manage a thriving and colorful business from scratch a densely populated of!