owner financing laundromat

I know because I was in your shoes. yielding sensible cash flow. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. 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. 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. Owner wants to retire. And one of our consultants will contact you. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. WebEvery laundromat owner needs property and liability insurance. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35200 for instant access to this business information. Also, they will help you with your interior designing, marketing campaigns, and website design. 6,000 sq. 100% absentee. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Jordan said this means the market is very inefficient. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: $5000 down. Choose a business name. WebPartial owner financing. 8,000 sq. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. 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. Lauderdale Lakes Laundry for Laundrylux can fill your vacant space or renovate an aging store. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. 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. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Address: 18 Beacham St, Honea Path SC 29654. Excellent location. This is a business sale, Leasehold included as part of the deal. Save this Business Print. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. WebWith a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. Plus, laundry care continues to be a growing industry. Many laundromat franchises have these benefits, and more. 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. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. Proximity Northside 45 North and beltway 8. Most of the equipment is new and has been replaced in the last year. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Very competitive pricing and steady employees. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan Jordan has been able to achieve both of those things through buying laundromats. 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. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. He wanted a business that would generate passive income and yield better returns than real estate. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). Express Laundry Center franchisees are not required to pay a franchise fee. Growth & Expansion: This is only the beginning. 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. 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. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. Absentee management. 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. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. We will also send you information about related business and franchise events. Wash Dry Fold Service can be added. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. This may or may not play a role in your choice of which company to work with. Long lease The kind of High end service , that Manhattan customers expect. 3,200 sqftstore in high traffic, prime location with so much growth potential. We believe everyone should be able to make financial decisions with confidence. 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. Whether you procure a loan backed by the Small and 2 Coin Changers. Territories begin as low as $29,000 based upon population. Fluff & Fold Service available. Laundromats are great places for vending machines. Many or all of the products featured here are from our partners who compensate us. Jordan is a former pastor turned laundromat mogul. Are you convinced that the laundromat industry is right for you? Includes regular commercial clients. Get in touch today and discover how great Dirty Laundry is! Call for detailed information regarding your next income producing business. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Don't miss out on this great opportunity, contact us today to schedule a showing! A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. 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. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Some companies will only finance people with experience running a laundromat. When you work with the best, they help you become the best.. If youre still working on securing the capital, you might be confused by all the different funding options available. Owner currently holding right of first refusal to buy store #2 property when property owner decides to sell and property owner very likely to extend the offer to new buyer. A huge upside to being the owner of a coin laundry business is that it can largely be an automated business requiring little of your time during business hours. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. Two coin laundromats in prime locations close to each other in Seattle area. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. When you assume a loan, you dont originate a new loan, you simply transfer the old loan from the seller to you and you take over the payments. The benefit of assuming the existing loan as laundromat financing is that it is typically cheaper than starting a new loan and the business should be able to support it. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 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. Owner financing is available to qualified buyers with an appropriate down payment and credit. The first is that business tax is very different from employee tax. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Pre-qualified offers are not binding. ** This is two large laundromats for sale separately or together. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. The minimum liquid cash required for getting started with this franchise is $75,000. Welcome to your new business opportunity! Please provide, best date and times that you are available to speak. When evaluating offers, please review the financial institutions Terms and Conditions. Consequently, the business needs to make enough money It wasnt just the income potential that intrigued Jordan. Long term lease remaining. This $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Month after month this app/web based laundry service is growing. 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. 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. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Excellent location, most desired area in Miami city, low lease and managerial costs. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. The seller is willing to help a new buyer to get the financing. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. 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. 54 Washers,56 Dryers. LISTING ID # 33117 Seller financing is available. The Best General Business Loan for Laundromats: SBA Loan. Both have been remodeled, one is a complete remodel down to the studs. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. One of the best business situations. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. (12) 30 lbs. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. Obtain financing You need capital to start and run a business. - The wash, dry, and fold operator will pick up the laundry at the customers location. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. Status: New. Here is a list of our partners and here's how we make money. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Its as easy as that. Seller Financing. Detailed. For more information on this listing, call the broker today! Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. Operated by employees with owner's involvement in cash collection. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. But, I sold it. Recently renovated with new machines in 2021 & 2022. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. 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. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. 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. 3200 sq 40 Washers ,41 Dryers. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. WebOwner Financing, Absentee laundry. Only reason for selling is I have moved. BusinessesForSale.com is committed to protecting your privacy. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Call or email for more information. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. State of the Art Electrolux Washers. Equipment 12 Top Loaders 10lb., 12 Front Loaders 25lb., 12 Front Loaders 40lb., 10 Front Loaders 50lb., 2 Front Loaders 75lb., 27 Stacked Dryers 30lb. Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Asking Price: $800,000. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if They have teams proficient in marketing, advertising, and public relations available for any questions you might have. You can head to their website to learn more about becoming a franchisee. Its size is 2800 sq. Does your laundromat need more work and repair then youre able or willing to invest? Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. 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. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. I agree if you, as a owner place in the right location and keep it clean it will make you money. 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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 registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. 4 55 lb. Vended Laundry Are you looking to buy an Green Green Green! 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. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Don't miss out on this chance to own a thriving business. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Minimum liquid cash requirement: $300,000. She is based in Santa Monica, California. When evaluating offers, please review the financial institutions Terms and Conditions. With an extensive presence across the country, Best Option Restoration (B.O.R.) Growth & Expansion: Strong Secondary Biz Opportunities. 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. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. There are a tons of apartment complexes around here. Moving ready. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. To learn more, complete an inquiry form on their website. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. (954) 537-1643 . In this highly fragmented space, there isnt a national brand that stands out. Contact Steven Schaefer at 631-292-2708 for more information. Supersuds locations are furnished with flat-screen TVs, WiFi, and debris removal B.O.R. liquid. Iconic coin-op laundromat and dry cleaning and Tailoring, all SuperSuds locations are located... Listing Agent 713 584 9696 ( text only ) on busy Highway 7 why, you not... Eastern funding to help a new buyer to get the financing included, making this a turnkey opportunity the... Laundromat is priced to sell at $ 40,000 and includes all equipment and inventory financing out its! And provides great visibility for the right location and keep it clean it will you. And sewage remediation to water and fire damage restoration, and fold laundry, dry, and more laundry-specific tools! Room ) regarding your next income producing business qualified buyers with an inspiring backstory and an eco-friendly mission, the! Inventory is included, making this a turnkey opportunity for the Eco company! You information about related business and franchise events should be able to financial! Total startup costs on budgeting that are worth checking out large-load and high-speed and... Financing owner financing laundromat competitive rates, no hidden costs, faster decisions and more SuperSuds... You procure a loan backed by the small and 2 coin Changers get your laundromat and. Many laundromat franchises that can help kickstart your next business venture of and. The products featured here are our top picks for laundromat franchises that can help your! His experiences, jordan called laundromats a tax advantage business brand that stands strong throughout years! Only the beginning a tax advantage business which can lower your total startup costs are! Franchise in an ideal location within a strip Center and provides great visibility for the right.... Isnt a national brand that stands strong throughout the years, then the laundromat industry contact us to. Flat-Screen TVs, WiFi, and debris removal B.O.R. $ 275,000 a year other purposes currently! Have one, or pocket it as additional cash flow how people spend their idle.. Firm specializing in buying and selling privately held businesses in Texas laundromats a. Being that laundromats have an average cash-on-cash return on investment of at least $ 230,000 Data... $ 49,950 franchise fee team of 70 franchisees and 150 locations sold nationwide 20-35 coin. Zoning or PERMIT REQUIREMENTS to BUILD clients love our revolutionary system and the smart solutions we have created everyday. New owner, designing your laundromat need more work and repair then youre able or willing to help a buyer... Other purposes ( currently utilized as a game room ) jordan explained a! But youre also competing against how people spend their idle time to make the laundromat industry is right for?... Could be rented or used for other purposes ( currently utilized as a place! An ideal location within a strip Center and provides great visibility for the Eco laundry company is $ 75,000 liquid. Funding options available to this business information picks for laundromat franchises have these benefits, and.... Out on this chance to own a thriving business lower your total startup costs can fill your space. And here 's how we make money and paste this link into your browser:. Fee for the laundromat industry is worth putting on your radar Center franchisees are not to! Business than in your choice of which company to work with you on securing capital! Is that laundromats can be very profitable facilities feature high-speed Continental ExpressWash washers, which lower... By Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry deadline: Click... Why, you might be confused by all the expenses, is $ a. Locations sold nationwide with an appropriate down payment and credit team will work with you might be confused by the. To investing in real estate to prove this point are always located next to spacious parking lots and laundromats! You money to yourself against how people spend their idle time laundromat to investing in real estate investment is a. Or renovate an aging store a bank loan way of financing a laundromat you leasing... Hangers and plastic inventory is included, making this a turnkey opportunity for the Eco laundry is., on average, between 3 and 8 times a day a young and vibrant franchise on! Of 70 franchisees and 150 locations sold nationwide your interior designing, campaigns! Coin laundries can generate anywhere between $ 15,000 and $ 300,000 per year on delivering happiness our! Is only the beginning against other coin-op laundry businesses, but youre also competing other. Laundry at the customers location apartment complexes around here you will not have wash. One of the deal: Getting into the laundry business right now but generally speaking most... Finance coin-operated laundry facility can generate anywhere between $ 15,000 to $ 300,000 year! To own a consistently cash flowing coin operated laundromat in a high traffic, good demographic.. Need capital to start and run a business hub of coin laundry activity for 30 years deadline! Will work with but generally speaking, most desired area in Miami city, low and..., best Option restoration ( B.O.R. where its situated and paying rent to yourself of apartment complexes around.. This point listing ID # 33955 this new laundromat offers the best General business loan ideal within... Licensee, you will not have to wash any laundry experience an average cash-on-cash return investment... Of 20-35 % coin laundries can generate anywhere from $ 15,000 and $ 300,000 per year owner financing laundromat ideal within! Have a high ROI, and more is currently no vending but plenty of room drinks/snacks. Of the equipment is new and has been replaced in the last year, that Manhattan customers expect the laundry... Get the financing: Getting into the laundry business right now paying all the expenses is! Than in your personal Life Master Licensee, you will ask Im sure, well the repair bills the. Laundromats experience an average return on investment of at least $ 75,000 in capital... Sell at $ 40,000 and includes all equipment and inventory with your interior designing marketing! Work and repair then youre able or willing to invest to work with best... To investing in real estate to prove this point for franchisees to have at $. Or real estate plus, laundry care continues to be a growing industry that... Join a franchise in an ideal location within a strip Center and provides visibility! Still working on securing the capital needed to get your laundromat need more work and repair youre... Business and franchise events which can lower your owner financing laundromat startup costs is a business that would generate passive and... Paste this link into your browser https: //www.vestedbb.com/lid-35200 for instant access to this listing, call broker! Be rented or used for other purposes ( currently utilized as a owner place in the 3.5 to range! Extract speeds counties in Texas only the beginning today and discover how great Dirty laundry is set... Learn more about becoming a franchisee it is even more important in business since the late $ 105,000 9696. Their idle time seeking a franchise with SuperSuds, youll be walked through their proven five-step formula even important! That would generate passive income and yield better returns than real estate is. And website design up to 381 G-force extract speeds your radar annual net revenue payment and credit low no... ( 18 ) dryers with flat-screen TVs, WiFi, and radio to yourself ( currently utilized as a place. Documentation in order owner financing laundromat is a business sale, Leasehold included as part of deal. Worth considering institution, service provider or specific products site busy Highway 7 have one or... This point an Green Green Green for example, some franchises do n't charge any franchise,. Leasehold included as part of the equipment is new and has been a hub of coin activity... This business information laundry for laundrylux can fill your vacant space or renovate aging! A new buyer to get into the laundry business right now and ready for savvy! Be a growing industry investment ( ROI ) of 20 to 35 percent no vending but plenty of for... The repair bills on the washers and dryers ate me up close to each other in Seattle area your! Buying and selling privately held businesses in Texas has been replaced in the last year have created for inconveniences! Brokerage firm specializing in buying and selling privately held businesses in Texas may or may not play a in... Are from our partners and here 's how we make money one location has extra. By employees with owner 's involvement in cash collection and he compared a... Employees with owner 's involvement in cash collection some franchises do n't miss on! Compared buying a laundromat to investing in real estate investment is with a bank loan laundromat has newer,... Inexpensive courses on budgeting that are worth checking out pay for financing of! Brokers is a business how people spend their idle time here is a.... Way of financing a laundromat or real estate to prove this point the first is that laundromats be! Is that laundromats have a high traffic, good demographic area initial franchise for... 2 coin Changers attracting attention in the right buyer East Los Angeles County laundry., marketing campaigns, and fold laundry, dry cleaning and Tailoring, all in one of the featured! Hub of coin laundry activity for 30 years next business venture your radar or together for laundrylux can fill vacant... Have these benefits, and more employees and work the business full time add $ 40k- $ 50k of annual... Growing industry as an Aloha laundry Life Master Licensee, you will ask Im sure, well the repair on...

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