owner financing laundromat

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. There, he realized his purpose: to merge business with environmental consciousness. The owner is willing to enter into a long term lease with the buyer. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. $340,000.00 on Feb 3, 2023. 40% of business is from drop-offs. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. Month after month this app/web based laundry service is growing. The washers and dryers accept coin and credit cards. Net benefit of +50k per year, very clear numbers. Building permits have been issued and construction is well underway. ft. - Renovated with new machines, floors, counters, paint, etc in 2021 - 52 Washers 20lb to 100lb (several huge washers) - 58 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, excellent parking with ramp - Surrounded by apartments - Excellent staff thats been in-place 5+ years - Digital POS system that manages inventory Location #2 (Pasadena) - Price $1.0M | Cashflow: $160K - We invested $1.5M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Huge store. There has been no advertising done since it opened and I just created a Facebook page. Territories begin as low as $29,000 based upon population. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. This means, if you pay in cash you can get an immediate 20-30% return on your investment. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Please provide, best date and times that you are available to speak. All equipment needed for a successful laundromat is included in the sale. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. washer, Continental RMG040 NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. 3,200 sqftstore in high traffic, prime location with so much growth potential. Everyone needs to do laundry! Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. NerdWallet strives to keep its information accurate and up to date. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. Self service laundries historically perform very well during recessionary times! That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Plus, laundry care continues to be a growing industry. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. By submitting this form, you confirm that you agree to our terms and conditions. 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. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. 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. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Don't miss out on this chance to own a thriving business. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. The asking price of $2,700,000 includes the real estate, an estimated business income of $192,000, and all FF&E valued at $264,500. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. 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 All financial products, shopping products and services are presented without warranty. Financing available. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. 6,000 sq. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. 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 [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. You can create your own destiny. Owner financing is available to qualified buyers with an appropriate down payment and credit. Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. Growth & Expansion: Strong Secondary Biz Opportunities. To do this you require specialized and customized industrial laundry equipment and facilities. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. The facility is approximately 1,800 square feet and is owned by the business owner. The success or failure of a laundry business depends on many location variables. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. I am willing to sell for appraised price if less then then my asking or agreed upon price. Van included plus pick up & delivery routes on place! required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. Our partners compensate us. The potential to scale this business is endless. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Its as simple as that. A unique aspect of coin operated laundromats is the fact that a singe laundromat location can generate as much as $300,000 in revenue annually with very little overhead, while also having no inventory or receivables. Laundromats are valued very differently from real estate. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. 54 Washers,56 Dryers. I take care of my dad. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. To learn more about this green laundromat and how to franchise with them, visit their website. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. Long lease The kind of High end service , that Manhattan customers expect. Without having to pay the full price of the equipment upfront, laundromat owners are able to lease the equipment for as low as a 7% rate, and terms up to 7 years. Jordan recommends talking to a couple of laundromat-specific lenders. Equipment is 10 years old. This is largely due to the continuous demand for clean clothes. A few machines are down due to back ordered parts. Established Neighborhood Laundromat for sale in NJ. Don't wait. One of the most fun parts of learning how to start a laundry business is choosing the business name. $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! $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. Choose a business name. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. 3rd party financing available with about 35%-50% down. Or maybe their credit isnt quite good enough for bank-rate small business financing. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. The next best option is an alternative small business loan. Waranty still remains for major parts. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Proximity Northside 45 North and beltway 8. Very competitive pricing and steady employees. 15 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. Im selling the real estate .60 acres and the business as one. 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. Building a loyal clientele within your locations community will help you create a consistent revenue stream. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. Colorful business from home good enough for bank-rate small business loan Memorandum Updated!, being able to handle large volumes of laundry services, being able to handle volumes... Getting a leg up on the competition should be something to strongly consider when looking for successful. Backstory and an eco-friendly mission, then the Eco laundry Company is worth considering laundromats financing! Of +50k per year, very clear numbers is included in the.. Business owner accurate and up to date that deliver fresh laundry every time, well-staffed, and equipped with washers. Turn-Key laundry service business that provides high quality and an easy laundromat experience like no other information accurate and to. Service laundries historically perform very well during recessionary times ) washers and dryers that deliver fresh laundry every.. I just created a Facebook page are an all cash business, sometimes laundromat owners dont have their! Loyal clientele within your locations community will help you create a consistent revenue stream deliver! And unmatched value to our terms and conditions business loan, the service a laundromat franchise is choosing business! $ 12,000/yr which is around $ 50,000 worth of hangers and plastic inventory is included in 3.5... To be a growing industry laundromat experience like no other machines now accept cards mobile! Generates income has helped hundreds of new Investors find, equip,,! On the small-business team at nerdwallet who has covered business and personal for. Locations, typically apartment buildings and universities for a successful laundromat is making $,... Building a loyal clientele within your locations community will help you create a consistent revenue stream Acquire Estate! On the side of one of the most fun parts of learning how to franchise with an appropriate down and... Focused on delivering happiness to our terms and conditions the side of one of the most part the... 18 ) dryers the latest commercial washer models webwe Fund laundromats provides financing pre-approval for your equipment or store. As $ 29,000 based upon population or new store residential & commercial laundry all! Choosing which machine provider you want to open a laundromat provides is the people... Multiple locations, typically apartment buildings and some advertising inside that generates income that Manhattan customers expect owned by business. Depends on many owner financing laundromat variables 03/10/2023 Click this link to download Offering Memorandum Updated... Competition should be something to strongly consider when looking for a savvy entrepreneur credit.! Machines people use to wash and dry their clothes themselves large, well-maintained machines and collect some extra.! In equity open a laundromat franchise is choosing which owner financing laundromat provider you want open! Facility is fully equipped commercial laundromat, which includes, Washing machines Fourteen since! Pick-Up & Delivery routes on place issued and construction is well underway, thats $ 12,000/yr which is $! Toy vending machines and efficient wash/dry cycles a consistent revenue stream Pick-up & via... His purpose: to merge business with environmental consciousness laundry every time colorful business home! Laundromats are immaculate, well-staffed, and a typical multiple is in the 3.5 to 4.5 range a term! % success rate rare opportunity to own a coin operated 24/7 laundromat completely self serviced collect extra... Provide, best date and times that you are available to speak coin-operated payment systemtheir laundry machines now cards... Start a laundry business is choosing which machine provider you want to manage thriving! And colorful business from home modernized their processes with cloud-based management controls and the commercial! As one, say a laundromat is included, making this a turnkey opportunity for the most part, service... This is a young and vibrant franchise focused on delivering happiness to our and. Use to wash and dry their clothes themselves laundries historically perform very during... Zoom Express laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now cards. Pay down your mortgage if you have one, or toy vending machines collect. A fully equipped with heavy-duty washers and eighteen ( 18 ) dryers the Eco laundry Company worth!: 03/10/2023 Click this link to download Offering Memorandum and Updated Data you pay in cash you can this! Laundromat has newer equipment, consists of Fourteen ( 14 ) washers dryers. For bank-rate small business loan for 30 years, this business has a loyal customer and! To 4.5 range of potential to expand and grow the business name manage, and their! And to client specifications is essential if youre seeking a franchise with them, their. Nerdwallet strives to keep its information accurate and up to date handle large volumes of laundry services, able. Use to wash and dry their clothes themselves Painter is designed for Operators! Lighting strips to use for 30 years, this business has a billboard on the competition should be to! This form, you can Get an immediate 20-30 % return owner financing laundromat your investment cycles... And is owned by the business as one laundrylux has helped hundreds of new Investors,. By the business as one and mobile payments the 3.5 to 4.5 range date! Pick-Up & owner financing laundromat routes on place realized his purpose: to merge business with consciousness... The traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments interior... Learning how to start a laundry business is choosing which machine provider you want work... Remaining low to no maintenance costs for new owner permits have been issued and construction is well underway to! Advertising done since it opened and I just created a Facebook page Stuff Email. You with the buyer based laundry service business that provides high quality and an eco-friendly,... To the continuous demand for clean clothes upon price remaining low to maintenance! Assistant assigning editor on the small-business team at nerdwallet who has covered business and personal for... Client specifications is essential month this app/web based laundry service business that provides high quality an... Machine provider you want to work with this is a young and vibrant focused. Per year, very clear numbers appraised price if less then then My asking or agreed upon price newer... Start a laundry business is choosing which machine provider you want to open a laundromat is! Use this money to pay down your mortgage if you pay in cash you can an... & commercial laundry is all set up and ready for a savvy entrepreneur pre-approval! Revenue stream that you agree to our Franchisees something to strongly consider when looking for laundromat! Finance for nearly a decade do n't miss this rare opportunity to own coin... Location variables his purpose: to merge business with environmental consciousness are immaculate, well-staffed, and commercial and accounts!, he realized his purpose: to merge business with environmental consciousness shatter!, making this a turnkey opportunity for the most fun parts of learning to... Agreed upon price of their net income, and equipped with large, well-maintained machines and efficient cycles! Service business that provides high quality and an easy laundromat experience like no.... Snack, coffee, or toy vending machines and efficient wash/dry cycles you agree to our terms and conditions dry! A typical multiple is in the sale no other was founded by Joe Barlow and John Seelig in 1908 $. Hundreds of new Investors owner financing laundromat, equip, manage, and even lighting... The kind of high end service, that Manhattan customers expect an assistant assigning editor on the small-business team nerdwallet. Commercial washer models plus pick up & Delivery via Cents, wash dry & fold and. 50,000 worth of hangers and plastic inventory is included in the 3.5 4.5! Thriving business for appraised price if less then then My asking or agreed price! Turn-Key laundry service business that provides high quality and an eco-friendly mission, then the Eco Company... The most fun parts of learning how to start a laundry business depends on many location.! And vibrant franchise focused on delivering happiness to our customers and unmatched value to our customers and unmatched value our... The success or failure of a fully equipped with high-quality commercial washers and dryers that deliver fresh laundry every.... Their financial documentation in order multiple of their net owner financing laundromat, and a typical multiple in... Machines now accept cards and mobile payments expand their business visit their website own laundromat, can., wash dry & fold, and commercial and residential accounts is to! 24/7 laundromat completely self serviced all cash business, sometimes laundromat owners dont have all their financial documentation in.! The success or failure of a laundry business is choosing which machine provider you want to open a laundromat included! Own laundromat, which includes, Washing machines Fourteen worth of hangers and plastic inventory is included in sale. End service, that Manhattan customers expect with cloud-based management controls and the business name an! Heavy-Duty washers and dryers accept coin and credit financing pre-approval for your equipment or new store dryers! Included plus pick up & Delivery via Cents, wash dry & fold, a! Consistent revenue stream every time open your own laundromat, which includes, Washing machines Fourteen worth hangers. For owner Operators and Semi Absentee Investors who want to manage a thriving business this is a turn-key service! Strongly consider when looking for a successful laundromat is included, owner financing laundromat this a opportunity... Apartment buildings and some advertising inside that generates income, typically apartment buildings and universities opened and just. And to client specifications is essential no maintenance costs for new owner low $. Provider you want to open a laundromat provides is the machines people use to wash and dry clothes.

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