However, talking about his experiences, Jordan called laundromats a tax advantage business.. 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. Very competitive pricing and steady employees. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, Full staff opens, closes, cleans and processes drop off orders. Dont Wait- This Store Will Be Gone Soon! Established Neighborhood Laundromat for sale in NJ. Jordan said this means the market is very inefficient. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. The laundry has plenty of parking right in front of the business. 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). Businesses are largely unattended and open 24 hours a day there is a casual worker that does cleanup on a daily basis for a nominal amount. There are many franchises out there across different industries. San Marcos is a quaint college town very close to Austin. Construction is well underway. BusinessesForSale.com is the world's most popular website for buying or selling a business. Wash and fold laundry, dry cleaning and Tailoring, all in one store! There is none of that with laundromats. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. When making a major business investment, you need an experienced partner you can trust. 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. 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. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Wash and fold laundry, dry cleaning and Tailoring, all in one store. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Speed Queen's initial franchise fee is $30,000. Basically, anything that requires coins to use, you can add inside your laundromat. Gross Revenue: $372,000. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. In economic terms, the demand for washing clothes is inelastic. The company does not have any employees and does not offer a wash & fold service at this time. 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. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Many or all of the products featured here are from our partners who compensate us. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. With easy access to parking, this high traffic area has endless possibilities. Call Syed at 631-374-7686 for more information. All equipment, technology and security was upgraded in 2020. ft. with the same size of the basement. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. Seller will finance down payment from buyer. old. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. Description: An attractively-located laundromat lies in the heart of several apartment We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. 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! Fluff & Fold Service available. Cool? Lots of new top notch equipment included. Franchisees should have a minimum of $100,00 in liquid capital. 4,200 Sf 60k card system installed in - Jan of2022 . There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. A Better Place to Do Your Laundry Laundry is all we do. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: info@easternfunding.com. WebPartial owner financing. The monthly lease is $4,625.70 + taxes and other charges. 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. We are changing the customer experience for good with a blend of innovation and excellence in customer care. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. It's especially true when you buy a laundromat franchise. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Pre-qualified offers are not binding. Competition: Competition? 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. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. We recommend that you contact them through their website to further inquire. The seller's net cash flow, after paying all the expenses, is $275,000 a year. 70% of laundromats have just two employees or fewer. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Plus, laundry care continues to be a growing industry. Welcome to your new business opportunity! A Small Business Administration loan is often seen as the best business loan around. Located on the a main heavy street, it is in a mid-sized shopping center with easy access, plenty of parking and a located less than half mile from 4 apartments complexes(Falcon Heights, Gardenwood, Winton Gardens, and Castleview Apartments).Laundromat includes 31 washers, 23 dryers. No thanks. Getting the freedom to take care of him and replace my income is my motivation. NerdWallet strives to keep its information accurate and up to date. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. 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 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. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. DOWN PAYMENTS FOR LAUNDROMATS START AT He understood that laundry was a chore for most and the faster you finish, the better. Im looking to replace my driving buses job and own a laundromat. Wash and fold laundry, dry cleaning and Tailoring, all in one store. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. But, I sold it. I owned one 1 time. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. The Best General Business Loan for Laundromats: SBA Loan. Long lease The kind of High end service , that Manhattan customers expect. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? The business should also have a web site to improve the retail yearly gross sales. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Management in place. Listen in your favorite podcast app or directly in your browser. 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. Net benefit of +50k per year, very clear numbers. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. Laundromats are valued very differently from real estate. All equipment needed for a successful laundromat is included in the sale. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. Serious inquiries only. North Port, FL. Whether you procure a loan backed by the Small Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Laundromats are great places for vending machines. The laundromat is approximately 2,628 sq. 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. More than half of coin laundries offer wash-and-fold services. 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! By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. 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. 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. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Profitable and growing laundromat / coin laundry in Frederick County. Your other option is to buy an existing laundromat. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. 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