He wanted to spend more time with his family, and laundromats are the perfect business for that. This is a great part-time business for people from all walks of life wishing to supplement their income. 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. Status: New. Clean clothes arent limited by the seasonstheyre in demand throughout the year. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Dont Wait- This Store Will Be Gone Soon! A century of business experience and knowledge has grown the small laundromat into a successful franchise. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Web2. Wash and fold laundry, dry cleaning and Tailoring, all in one store! ft. with a mix of large commercial washers and dryers. Plug, play and SCALE! Look no further than this well-established laundromat located in a high-traffic area. 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. 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. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. 5 45 pound, Continental Express Dry, KTT45 Consequently, the business needs to make enough money Find a seller financed Florida Laundromat and Coin Laundry Business Serious inquiries only. 4 55 lb. Its size is 2800 sq. 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. There are plenty of advantages and disadvantages of franchising overall. 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. In economic terms, the demand for washing clothes is inelastic. Unfortunately, my search came up empty as the inventory available were either priced too high or would involve too much additional capital to update the business. Moving ready. Minimum liquid cash requirement: $100,000. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. And one of our consultants will contact you. Well established coin laundry business in a great central location. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. Also, they will help you with your interior designing, marketing campaigns, and website design. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. To learn more about this green laundromat and how to franchise with them, visit their website. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. 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. 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. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. Laundromats are valued at around 3.5 to 4.5 times their net operating income. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. Become a licensee. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. yielding sensible cash flow. When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. Excellent off street parking at both stores. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. When evaluating offers, please review the financial institutions Terms and Conditions. He understood that laundry was a chore for most and the faster you finish, the better. pls , reply if you ,would love to hear how you handle the repairs. Learn more about how to get financing in our guide to laundromat business loans. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. Lots of new top notch equipment included. Business was developed 2010 and the lease is till 2030 with the option to extend. Are you convinced that the laundromat industry is right for you? Many laundromat franchises have these benefits, and more. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. 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 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. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Our opinions are our own. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. BusinessesForSale.com is the world's most popular website for buying or selling a business. There is none of that with laundromats. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. Month after month this app/web based laundry service is growing. Self serve stores and no wash & fold offered. Our partners cannot pay us to guarantee favorable reviews of their products or services. And one of our consultants will contact you. 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. So how do we make money? This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. When evaluating offers, please review the financial institutions Terms and Conditions. WebOwner Financing, Absentee laundry Contact Seller. Detailed. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. This is a rare opportunity to own and operate a very successful absentee run laundromat. Green Green Green! Operated by employees with owner's involvement in cash collection. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. Does your laundromat need more work and repair then youre able or willing to invest? Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. All Rights Reserved. Incredible Investor opportunity available. 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. If you do happen to get a traditional loan or line of credit from a bank (who only approve 1 in 4 small business loans) you will like obtain rates between 5-10% with repayment terms ranging from 1-10 years. It wasnt just the income potential that intrigued Jordan. 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. 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! Get to your goal faster and more easily with financing from Eastern Funding. Obviously, there is some risk involved on their side. (954) 537-1643 . Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. LISTING ID # 33117 Seller financing is available. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. With their great rates and favorable terms, it makes sense to be an attractive source. 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. This business has no competition in close proximity. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Competition: Competition? 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. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. 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