Profitable and growing laundromat / coin laundry in Frederick County. Call me today to take advantage of this opportunity with a great location. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. I didnt have a problem with manning or cleaning it up, just the repairing the washers & dryers and I should have closed it nightly too. Express Laundry Center franchisees are not required to pay a franchise fee. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. washer, Continental RMG 55 Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. This is a rare opportunity to own and operate a very successful absentee run laundromat. We leave the competition behind. 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. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. After reading the list above, you know that some providers require you to pay for the franchise while others do not. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Laundromats are cash flow businesses, too. Robert Beaupre leads the SMB team at NerdWallet. 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. Opportunity to grow wash-and-fold business. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! 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, Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. 4 30 pound, Continental Express Dry, KTT30 Laundromats are valued very differently from real estate. The median cost to open a laundromat from the ground up is approximately $1.2 million, and you can expect to pay a similar price for an existing laundry business. We are changing the customer experience for good with a blend of innovation and excellence in customer care. 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. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. In terms of laundromats, Jordan is always on the hunt for more great deals. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. The seller is willing to help a new buyer to get the financing. Even if people are cutting costs, clean clothes are still a daily necessity. 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. All equipment will be working properly upon closing. One of the best business situations. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. 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? You may need to install Adobe Acrobat Reader to view the file. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. I take care of my dad. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. You can change your mind at any time by clicking unsubscribe in the footer of our emails. 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. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. (20) 20 lbs. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. WebCoin Laundry Equipment Financing - Laundry Owners Warehouse Supplies Get Pre-Approved New Equipment Financing Made Simple New Equipment 100% Financing Fixed rates from 4.49% to 7.5% Up to 8 year term Installation & Delivery Included Used Equipment 100% Financing Fixed rates from 7.5% Up to 7 year term Installation & Delivery Included It wasnt just the income potential that intrigued Jordan. He has covered financial topics as an editor for more than a decade. Recently renovated with new machines in 2021 & 2022. Managers should service the machines and manage the use of coin machines on premises. Online marketing campaign in place. You are about to leave the Eastern Funding website. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. When making a major business investment, you need an experienced partner you can trust. 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. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. 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. Income should be able to reach $350k with someone who can put a little time into it. There are many franchises out there across different industries. Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. Save this Business Print. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. 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. 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. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). You can set the doors to open automatically in the morning, then customers go full self-service with the machines. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Is The Coin Laundry Business Right For You? Find a seller financed Florida Laundromat and Coin Laundry Business Jordan recommends talking to a couple of laundromat-specific lenders. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Description: An attractively-located laundromat lies in the heart of several apartment Jordan has been able to achieve both of those things through buying laundromats. Laundry hook ups. Location Location Location! Don't miss out on this chance to own a thriving business. We will also send you information about related business and franchise events. Staff in place. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. 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. Fluff & Fold Service available. Plus, laundry care continues to be a growing industry. WebLocal Laundromat In Kings County. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. 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