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. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. 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. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. 18 pockets Dryers He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. In addition, he served as an online media manager for the University of Nevada, Reno. As service businesses go, laundromats are fairly passive. All financial products, shopping products and services are presented without warranty. This is because its in their interest to have you purchasing a laundromat and their machines. This industry is on fire as stores with older technology cannot afford to upgrade. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Explore our custom landlord development programs to fill vacancies. If you're looking for a laundromat business, don't let this opportunity pass you by! This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Even with long store operating hours, you dont have to be on-site all day, every day. Excellent location, most desired area in Miami city, low lease and managerial costs. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Over the years of usage, there is wear and tear on machinery. There is no limit the number of successful laundromat franchises you can own. 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. A century of business experience and knowledge has grown the small laundromat into a successful franchise. With 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. Equipment is professionally maintained. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. and 2 Coin Changers. Many laundromat franchises have these benefits, and more. Now Accepting Offers. LISTING ID # 35207 Well-established dry cleaning business in a prime location. The current owner is willing to provide training and support during the transition period to Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. New sign, new water heater, some recent remodeling Gross income 18k/month. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. There are several advantages to buying a franchise over starting your own business from scratch. Something went wrong. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Robert Beaupre leads the SMB team at NerdWallet. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Newer laundromat business by landlord in an urban city of Union County, New Jersey. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. 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. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. A few machines are down due to back ordered parts. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Here is a list of our partners and here's how we make money. Wash and fold laundry, dry cleaning and Tailoring, all in one store! The second way is that you can depreciate your machines and assets each year and effectively write off that value. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. Please provide, best date and times that you are available to speak. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. Welcome to your new business opportunity! Get to your goal faster and more easily with financing from Eastern Funding. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. Vended Laundry Are you looking to buy an 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 Getting the freedom to take care of him and replace my income is my motivation. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. It is located within a huge shopping center next to a big market and several shops. To learn more, complete an inquiry form on their website. Today's customers want better, faster, safer and newer! With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Jordan is a former pastor turned laundromat mogul. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. That 1 Painter harnesses the power of parent brand, ResiBrands which includes ResiConnect, our in house Appointment Center, and ResiCreative, our in house Marketing and Creative team. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Some things to consider in terms of location for your laundromat include the following: Well established Laundromat in the heart of Bixby Knolls, Long Beach for sale. Express Laundry Center franchisees are not required to pay a franchise fee. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. We are changing the customer experience for good with a blend of innovation and excellence in customer care. Laundromats are valued very differently from real estate. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. NerdWallet strives to keep its information accurate and up to date. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. Everyone needs to do laundry! BusinessesForSale.com is committed to protecting your privacy. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. We Fund Laundromats has one of the Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. 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. pls , reply if you ,would love to hear how you handle the repairs. Call the broker today for more details and to make an offer. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. $340,000.00 on Feb 3, 2023. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Dansbury equipment and securty is automtated and accessed remotely. One of the best business situations. With their great rates and favorable terms, it makes sense to be an attractive source. 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. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. Get started today. Seller Financing. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Loyal client base and strong presence on internet search with many reviews. Blawenburg, NJ. The first is that business tax is very different from employee tax. 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. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. A Better Place to Do Your Laundry Laundry is all we do. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. LISTING ID # 35200 This local laundromat business has been established for 33 years. (954) 537-1643 . Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Copyright 2018 GUD Capital LLC. Business was developed 2010 and the lease is till 2030 with the option to extend. 6,000 sq. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. 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. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. 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. The lead broker at IBA for this business is Seth Rudin. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. The Market is booming and changing due to the introduction of new technology. 3 Year Average Return on the investment - 19.5% pa 3 Year Average Return on the revenue - 24.5% pa BUSINESS SUMMARY Simple all-cash coin laundry business in a safe and secure area the two locations are approximately 2 miles apart. From Eastern Funding, we offer cash and card, as well as a Semi-absentee Owner or fulltime! Many laundromat franchises you can own to buying a franchise fee is no. Finance startup, and owner financing laundromat laundromat in town opportunity to own a consistently cash flowing coin laundromat! 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