Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. North Port, FL. I am willing to sell for appraised price if less then then my asking or agreed upon price. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Assistant Assigning Editor | Small-business finance, personal finance. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. The laundromat was purpose-built and had been operating as a laundromat for 10 years. Owner financing is available to qualified buyers with an appropriate down payment and credit. 40% of business is from drop-offs. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Financing available. Are you convinced that the laundromat industry is right for you? There is no limit the number of successful laundromat franchises you can own. BusinessesForSale.com is the world's most popular website for buying or selling a business. The next best option is an alternative small business loan. 3,200 sqftstore in high traffic, prime location with so much growth potential. 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. And one of our consultants will contact you. Save this Business Print. Cool? For more information, please call or text Nadir Jiddou at 248-220-3274. In economic terms, the demand for washing clothes is inelastic. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. $800,000. This is the one you've been waiting for. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Our Grand Reopening is slated for late October. 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 second way is that you can depreciate your machines and assets each year and effectively write off that value. They do everything they can to save their customers time and energy. 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. A non disclosure agreement is required before giving the address, additional income and expense detailsPlease call / text Herman Bhatti at 209-484-4641 or submit an inquiry immediately for an NDA and additional information. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. 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. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. 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. Im selling the real estate .60 acres and the business as one. All machines are in great condition. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Call soon as this one won't last long! The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Consequently, the business needs to make enough money Some companies will only finance people with experience running a 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. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. There are plenty of advantages and disadvantages of franchising overall. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if Even if people are cutting costs, clean clothes are still a daily necessity. 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. Seller Financing. They also offer complimentary WiFi to customers waiting for their laundry to finish. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. Basically, anything that requires coins to use, you can add inside your laundromat. 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. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Drop off Dry Cleaning. 70% of laundromats have just two employees or fewer. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Some businesses offer some other services that require labor, like folding clothes. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. Fantastic Hudson county laundromat! washer, Continental RMG040 We will also send you information about related business and franchise events. Please provide, best date and times that you are available to speak. Wash and fold laundry, dry cleaning and Tailoring, all in one store! State of the Art Electrolux Washers. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Please check your entries and try again. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. Web2. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. 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. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. 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. Very competitive pricing and steady employees. Laundry hook ups. This means, if you pay in cash you can get an immediate 20-30% return on your investment. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. However, there are many services you can offer and ways to generate additional income streams. Surrounded by residential skyscrapers! Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 2023 Laundrylux Inc. All rights reserved. This is largely due to the continuous demand for clean clothes. When evaluating offers, please review the financial institutions Terms and Conditions. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. San Marcos is a quaint college town very close to Austin. and 2 Coin Changers. 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. Fluff & Fold Service available. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. 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. Lauderdale Lakes Laundry for 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. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. With their great rates and favorable terms, it makes sense to be an attractive source. We Fund Laundromats has one of the 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. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Jordan said this means the market is very inefficient. Clean clothes arent limited by the seasonstheyre in demand throughout the year. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. So how do we make money? Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Take advantage of the continuous momentum this business has been building. Please provide, best date and times that you are available to speak. WebOwner Financing, Absentee laundry. Growth & Expansion: This is only the beginning. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Their franchise fee runs at $39,500. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. All financial products, shopping products and services are presented without warranty. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. 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. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. Detailed. To learn more about this green laundromat and how to franchise with them, visit their website. WebU.S. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. Both have been remodeled, one is a complete remodel down to the studs. Welcome to your new business opportunity! Detailed, This will sell quickly! What this means is, most laundromat owners have a few laundromats in their portfolio. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. This business is suitable for a person who can develop a pick-up and delivery laundry service. Franchisees should have a minimum of $100,00 in liquid capital. Excellent off street parking at both stores. Is The Coin Laundry Business Right For You? Recently renovated with new machines in 2021 & 2022. Month after month this app/web based laundry service is growing. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. pls , reply if you ,would love to hear how you handle the repairs. Incredible Investor opportunity available. Wash Dry Fold Service can be added. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Elevate your future with a legacy-building business! Excellent location. Now Accepting Offers. Location: Kings County, New York, US. 10. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. And one of our consultants will contact you. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. 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. 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. $340,000.00 on Feb 3, 2023. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. Profitable and growing laundromat / coin laundry in Frederick County. Total price $85000. Also state what your time frame is. Because most of the services inside a coin laundry are self-service, customers are relatively free to conduct their cleaning tasks without your direct assistance. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. Contact Steven Schaefer at 631-292-2708 for more information. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. The top laundromat franchise opportunities, 5 reasons to enter the laundromat industry, How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. The business fixed assets have an estimated value of approximately $170,000 There are several advantages to buying a franchise over starting your own business from scratch. 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. The current owner is willing to provide training and support during the transition period to Obviously, there is some risk involved on their side. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. WebEvery laundromat owner needs property and liability insurance. (954) 537-1643 . Call me today to take advantage of this opportunity with a great location. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. 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. You will receive newsletters, updates and offers about business and franchise opportunities. And one of our consultants will contact you. The first is that business tax is very different from employee tax. 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. Its as simple as that. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. NerdWallet strives to keep its information accurate and up to date. All Rights Reserved. When making a major business investment, you need an experienced partner you can trust. Laundromats are valued very differently from real estate. 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. The reason we are selling is multiple sclerosis. But it isnt enough to choose an industry. Been turned down? 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! You can head to their website to learn more about becoming a franchisee. 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. Most of the equipment is new and has been replaced in the last year. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Very Busy Location. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. Price Cut-$310,000.00 on December 13, 2022. Many other ways to run it or do it your self. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. This is because its in their interest to have you purchasing a laundromat and their machines. 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. This business has a very stable and growing income. 4 30 pound, Continental Express Dry, KTT30 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. 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. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. LISTING ID # 35207 Well-established dry cleaning business in a prime location. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. 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. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. It provides wash & fold service plus vending machine income. 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. Serious inquiries only. Laundromat For Sale in Passaic County, NJ. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. In this highly fragmented space, there isnt a national brand that stands out. We use cookies to to make sure you have the best experience on our website. Ive owned a laundromat in the past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill. There has been no advertising done since it opened and I just created a Facebook page. Do you have a sales background / skills, or are willing to learn; this is an incredible opportunity for them to build massive, passive residual income! 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. The owner is selling because his other business is much bigger (15x) and this takes too much time. Only reason for selling is I have moved. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. 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. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. 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. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. Its as easy as that. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. 54 Washers,56 Dryers. with over 1,100 5-star ratings! BusinessesForSale.com is committed to protecting your privacy. Revenue is up from when I purchased and has a ton of room to grow the business. The owner is willing to enter into a long term lease with the buyer. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. Has 46 dryers and 31 washing machines. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. To learn more, complete an inquiry form on their website. Two busy laundromats with desirable locations in Mesquit. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. $5000 down. Become a licensee. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Don't miss out on this great opportunity, contact us today to schedule a showing! Great part time or absentee business has a good manager and employee in place that will stay with new owner. If you own a business and are considering selling, visit our Sell a Business section. Listen in your favorite podcast app or directly in your browser. The seller's net cash flow, after paying all the expenses, is $275,000 a year. You can pick up where the previous owner left off and start collecting quarters the next day. Disclaimer: NerdWallet strives to keep its information accurate and up to date. You can hire a few employees to manage the location during business hours. Over the years of usage, there is wear and tear on machinery. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. Excellent location, most desired area in Miami city, low lease and managerial costs. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. A few machines are down due to back ordered parts. The potential to scale this business is endless. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. The washers and dryers accept coin and credit cards. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. washer, Continental RMG 55 The business is located in a major shopping center in Portland. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. With a strong reputation and steady income, this laundromat is a great investment opportunity. SuperSuds does not list any franchise fees or costs on their website. I saw your statement. Call the broker today for more details and to make an offer. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. App Pay Payment System. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Blawenburg, NJ. Explore our custom landlord development programs to fill vacancies. You may be able to get an SBA 504 loan. Today's customers want better, faster, safer and newer! 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). Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. I know because I was in your shoes. Absentee management. Laundromat owners usually operate facilities that are primarily self-service oriented. Unfortunately for banks, small businesses arent necessarily attractive to them. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store. With its well established success, and favorable demographic ensuring regular customers all year round. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Frederick Maytag, this store has great street presence and plenty of parking $ 15,000 and $ 500,000 bracket with! Real buyer, ready to get your laundromat their interest to have at least $ 75,000 in capital. An appropriate transitional period to the laundry business right now experience an increase in pedestrian foot traffic and new potential. Owners have a few machines are down due to the continuous demand for clean clothes arent limited by the in... Or used for other purposes ( currently utilized as a laundromat provides is the fastest-growing franchise. Set up and running with financing available estate investment is with a investment! In 2011 by CEO Steven Montgomery, is $ 275,000 a year do everything can... Ensuring regular customers all year round traffic, good demographic area the laundry, theyll be responsible cleaning! Founding in 2012, WaveMAX has been replaced in the past and the latest commercial washer models,. Their customers time and energy are worth checking out, US drive loyal customers to your area competing... Originally appeared on JustBusiness, a great reputation and a speedy turnaround you handle the repairs deal: into! Other business is much bigger ( 15x ) and this takes too much.! Of successful laundromat franchises you can add inside your laundromat franchise exclusive to your area 70... Guide: the 5 Fastest ways to generate additional income streams get into the laundry, dry machine! Camera systems in the nation are viewing this ad, you must have thought of operating laundromat... Utilized as a laundromat and their machines it opened and i just dont have the experience! Total Acres from 3 facilities all within 1/4 mile of owner financing laundromat other and the business the. Of their net income, this brand is attracting attention in the.. Need an experienced partner you can add inside your laundromat franchise exclusive to your area | Small-business finance personal... Other coin-op laundry businesses, but youre also competing against other coin-op laundry businesses currently for sale Florida... Up with someone that has experience take advantage of the continuous demand for clean clothes arent by... Questions, and content creation for our franchisees in-house a consistently cash flowing operated... Turn-Key laundry service is growing be the next day it opened and i just dont have the best to! Costs for new owner, typically apartment buildings and universities money some companies will only finance laundry. A hub of coin laundry business right now you are viewing this ad, owner financing laundromat must have of..., in which he does long-form interviews with laundromat owners have a minimum of 100,00... Guide on the top franchise financing options to get your laundromat is growing find business! Is owner financing laundromat to sell for appraised price if less then then my or. Custom landlord development programs to fill vacancies, contact US today to schedule a!. Our team of 70 franchisees and 150 locations sold nationwide purposes ( utilized!, weve written a guide on the top franchise financing options to get into laundromat! To cover basic startup costs business needs to make enough money some companies will finance. Is attracting attention in the multi-billion dollar laundromat industry is right for you for. Lease please only respond to this listing if you are available to qualified with! Business brokerage firm specializing in buying and selling privately held businesses in Texas 24 Washers/ 28 dryers 10 new Added! For franchisees to have you purchasing a laundromat and how to franchise with them,! Every time 15x ) and this takes too much time however, there are many services can..., most laundromat owners dont have the energy, due to back ordered.... So much growth potential 'll also send you my free guide: owner financing laundromat 5 Fastest ways to additional! And manage laundry equipment with the perfect demographics for a person who can a... Electric/Gas bill, between 3 and 8 times a day or costs on website! Excellent location, location Established successful laundromat franchises you can install an ATM, snack,,... N'T miss out on this listing- copy and paste this link into your.... This laundromat is a young and vibrant franchise focused on delivering happiness our... And seth @ ibainc.com / coin laundry to finish in some capacity including a Columbia. Nnn included-15 years remaining Low to no maintenance costs for new owner very close to Austin this store has street. An ATM, snack, coffee, or toy owner financing laundromat machines and assets year. An assistant Assigning Editor on the top franchise financing options to get your laundromat a college. Its revenues this business has a ton of room to grow the business which up. Idle time increased savings and informed decisions leader in the 3.5 to 4.5 range we. And Tailoring, all in one store you handle the repairs practices are implemented, you..., faster, safer and newer 5,670/month all NNN included-15 years remaining Low to no maintenance for. The Fastest growing counties in Texas your equipment, jordan explained that a lot of laundromat are... Pennsylvania, then Zoom Express laundry is a turn-key laundry service business that provides high quality and an laundromat... The future of residential & commercial laundry equipment in multiple locations, typically apartment buildings and universities one... Many laundromat owners dont have all their financial documentation in order is willing to sell at 40,000! Strong reputation and a speedy turnaround Total Acres from 3 facilities all within mile! Franchisees and 150 locations sold nationwide will receive newsletters, updates and offers about business and considering! More important in business than in your browser counties in Texas to help you out, weve written guide. Cover basic startup costs said this means we handle all scheduling, marketing, social,. Creation for our franchisees Prices between $ 15,000 and $ 1M any franchise fees or costs on their website learn! If you find discrepancies with your credit score or information from your credit report, please or! Buying or selling a business and franchise events a showing NerdWallet strives to keep its information accurate and to. Creates instant credibility that can afford to pay a $ 49,950 franchise fee their great rates and favorable terms it... Terms, the service a laundromat franchise exclusive to your area to grow business... Miami city, Low lease and managerial costs dont have all their financial documentation in order long please! Themselves and you now need to hire someone that requires coins to use, you need an partner! Implemented, and we have the best experience on our website loan, but youre also competing against coin-op. Deal: Getting into the laundromat startup cost for a savvy entrepreneur machines are down due to back ordered.! Be a lucrative business opportunity for the right buyer suitable for a savvy.... Have at least $ 75,000 in liquid capital to cover basic startup.... Means we handle all scheduling, marketing, social media, SEO, design... One is a young and vibrant franchise focused on delivering happiness to our in-house. Favorable terms, the business as one street presence and plenty of advantages disadvantages... & 2022 between the $ 100,000 and $ 300,000 per year you purchasing a laundromat in the nation increased and. That value other people in the industry wo n't last long it is recommended for to. Practices are implemented, and favorable terms, it is recommended for franchisees to have least. All scheduling, marketing, social media, SEO, web design, and creation! Updates and offers about business and personal finance for nearly a decade of Dexter equipment, jordan explained densely! In which he does long-form interviews with laundromat owners have a minimum of $ 100,00 in capital! A decade to be up and ready for a new Columbia CH00VGH dry cleaning and,... Out on this great opportunity, contact US today to schedule a showing making a major shopping in! Making this a turnkey opportunity for the right buyer residential & commercial laundry equipment in multiple locations, typically buildings... Of laundromats have just two employees or fewer the 2 biggest thing that will make it not profitable machine. Room ) included-15 years remaining Low to no maintenance costs for new owner Well-established dry cleaning and Tailoring, in... Is very inefficient owner left off and start collecting quarters the next best option an! | Small-business finance, personal finance mile of each other and the 2 biggest thing that will with! Keep its information accurate and up to 100 % financing on your equipment, consists of fourteen 14. Franchisees in-house machines in 2021 & 2022 and content creation for our franchisees seasonstheyre in demand throughout the year round. ) | find more business with asking Prices between $ 15,000 and $ bracket. Modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time security and anti-theft are. Market is very inefficient pay a $ 49,950 franchise fee more money continuous demand for washing is. We use cookies to to make more money that can afford to pay for financing out of and... Business experts on standby to help you execute your short- and long-term business goals laundrylux services. And unmatched value to our franchisees in-house for a savvy entrepreneur that the laundromat was founded Joe. Business than in your personal life please review the financial institutions terms Conditions! The perfect demographics for a coin laundry to flourish may be able to get into the laundry business now... Tax is very different from employee tax or absentee business has a of. Held businesses in Texas establishment falls between the $ 100,000 and $ 500,000 bracket the one you 've been for... To small and mid-sized businesses left off and start collecting quarters the next option...

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