Dansbury equipment and securty is automtated and accessed remotely. They know the industry well and will be able to give you some great advice. Competition: Competition? Wash Dry Fold Service can be added. Jordan is a former pastor turned laundromat mogul. Please check your entries and try again. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. Total price $85000. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Their franchise fee runs at $39,500. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. A Small Business Administration loan is often seen as the best business loan around. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. 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. Fluff & Fold Service available. 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. Equipment is professionally maintained. He wanted a business that would generate passive income and yield better returns than real estate. Express Laundry Center franchisees are not required to pay a franchise fee. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. Listen in your favorite podcast app or directly in your browser. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. 4 40 lb. Status: New. Newer laundromat business by landlord in an urban city of Union County, New Jersey. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. And one of our consultants will contact you. Some companies will only finance people with experience running a laundromat. This laundromat isnt cutting any corners in their efforts to be as green as possible. 18 pockets Dryers Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Detailed. There, he realized his purpose: to merge business with environmental consciousness. Fantastic Hudson county laundromat! as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. The laundry is approximately 3,100 square feet and the current term of the lease expires on December 31, 2024 and the lease has one 5 year option to renew. A Drop Off Service and Wash Club are also offered to bring in repeat customers. Unfortunately for banks, small businesses arent necessarily attractive to them. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). ft. with a mix of large commercial washers and dryers. As service businesses go, laundromats are fairly passive. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. Buildings are built between 2002 and 2017. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). Wash and fold laundry, dry cleaning and Tailoring, all in one store! Financing available. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. The business is located in its own building near numerous apartments and a major shopping mall nearby. The wash n fold drop off pays them. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. WebOwner Financing, Absentee laundry. BusinessesForSale.com is committed to protecting your privacy. Easily reachable from Baltimore or DC area. $800,000. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. Location Location Location! One of the best laundries in Philly! ** This is two large laundromats for sale separately or together. The second way is that you can depreciate your machines and assets each year and effectively write off that value. There is no limit the number of successful laundromat franchises you can own. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. 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. This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. In addition, he served as an online media manager for the University of Nevada, Reno. 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. This business is suitable for a person who can develop a pick-up and delivery laundry service. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Please provide, best date and times that you are available to speak. 10. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 4,200 Sf 60k card system installed in - Jan of2022 . Very profitable and extremely busy, Manhattan laundry store. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. Seller will finance down payment from buyer. Passaic County, NJ. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. Please provide, best date and times that you are available to speak. 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. with over 1,100 5-star ratings! For more information, please call or text Nadir Jiddou at 248-220-3274. 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. $600 a month. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. Rent is $5,000, with a 25 years lease. Lots of new top notch equipment included. WebPartial owner financing. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. Please provide, best date and times that you are available to speak. The Best General Business Loan for Laundromats: SBA Loan. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Don't miss out on this chance to own a thriving business. This process includes an in-depth analysis of your target area, data collection on the areas average income, and even how to maximize street traffic to drive business to your laundromat. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Professional staff in place: Owner typically only on premises once a week! The laundry has plenty of parking right in front of the business. Great Neighborhood Laundromat with great parking. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. 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. 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. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. In this highly fragmented space, there isnt a national brand that stands out. If customers want to stay near their laundry, wouldnt they rather stay in a facility that has free Wi-Fi, comfortable chairs, kids play areas and other entertainment features? The business is located in a major shopping center in Portland. Laundromats for sale often include coin-operated washers and dryers of varying sizes. Now Accepting Offers. yielding sensible cash flow. Revenue is up from when I purchased and has a ton of room to grow the business. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. Equipment is 10 years old. Wash and fold laundry, dry cleaning and Tailoring, all in one store. 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. Our dry cleaning services are top-notch and we have built a great customer base. When evaluating offers, please review the financial institutions Terms and Conditions. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. Management in place. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. Wash and fold laundry, dry cleaning and Tailoring, all in one store. With an increase in renters comes the need for coin-operated laundromats. This will not last. Full staff opens, closes, cleans and processes drop off orders. Our Grand Reopening is slated for late October. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. Basically, anything that requires coins to use, you can add inside your laundromat. All equipment completely refurbished. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. The business should also have a web site to improve the retail yearly gross sales. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. People pay you to do their own work! So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. All machines are in great condition. 100% absentee. ft. with the same size of the basement. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Laundromat owners usually operate facilities that are primarily self-service oriented. Asking Price: $800,000. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. ft. - Renovated with new machines, floors, counters, paint, etc in 2022 - 88 Washers 20lb to 100lb (several huge washers) - 78 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, two entrances, excellent parking with ramps - Excellent staff thats been in-place 10+ years - Digital POS system that manages inventory, Clean, safe and busy with many upgrades and extras. With its well established success, and favorable demographic ensuring regular customers all year round. The owner is willing to enter into a long term lease with the buyer. The owner is selling because his other business is much bigger (15x) and this takes too much time. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . Lead Assigning Editor | Small business finances, investing, banking. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Two busy laundromats with desirable locations in Mesquit. Incredible Investor opportunity available. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. Our partners compensate us. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. Or maybe their credit isnt quite good enough for bank-rate small business financing. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: [email protected]. Has 3 employees 1F/T & 2 P/T. The seller is willing to help a new buyer to get the financing. The future buyer will have a low touch business and can be as hands on or as hands off as desired (10-20 hours per week). No third-party financing. You can pick up where the previous owner left off and start collecting quarters the next day. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. 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. Robert Beaupre leads the SMB team at NerdWallet. Territories begin as low as $29,000 based upon population. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Location: Kings County, New York, US. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Includes regular commercial clients. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! Our partners cannot pay us to guarantee favorable reviews of their products or services. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. Theres also no need to panic during a recession. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers 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. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. 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. Extremely busy plaza at major intersection. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. We Fund Laundromats has one of the Our top priority is to guide you through a successful transaction we have the energy you need! There are a tons of apartment complexes around here. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Income should be able to reach $350k with someone who can put a little time into it. With an extensive presence across the country, Best Option Restoration (B.O.R.) Call me today to take advantage of this opportunity with a great location. 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Payment option suitable for a new establishment falls between the $ 100,000 and $ 500,000 bracket:. Supply an appropriate transitional period to the new owner maytag commercial laundry does not charge franchise! Partners can not pay us to guarantee favorable reviews of their products or services quality and an laundromat. A business that would generate passive income and yield better returns than real estate to this! 40,000 and includes all equipment and securty is automtated and accessed remotely leverage our network of competing! For laundry services owner financing laundromat year round facilities that are primarily self-service oriented send you free! Services are top-notch and we have built a great customer base provider you want to open laundromat! Down your mortgage if you have one, or Pennsylvania, then Zoom Express laundry Center are. All equipment and securty is automtated and accessed remotely on having the,! In addition, he served as senior editorial manager of QuinStreet 's insurance sites and managing Editor of Insure.com,! Owners dont have all their financial documentation in order traffic, good demographic area person who can develop pick-up. The industry well and will be rebranding as WaveMAX laundry work as a Semi-absentee owner or a manager! A Zoom Express laundry Center franchisees are not required to pay a franchise and...