WebOwner Financing, Absentee laundry. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. WebEvery laundromat owner needs property and liability insurance. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). 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 Will Sell fast! Today's customers want better, faster, safer and newer! 40% of business is from drop-offs. It is located within a huge shopping center next to a big market and several shops. We leave the competition behind. 4 40 lb. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. 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. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. Basically, anything that requires coins to use, you can add inside your laundromat. Full staff opens, closes, cleans and processes drop off orders. Minimum liquid cash requirement: $300,000. Take advantage of the continuous momentum this business has been building. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. ** This is two large laundromats for sale separately or together. Obtain financing You need capital to start and run a business. 6 20 lb. 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. 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. Green Green Green! Wash and fold laundry, dry cleaning and Tailoring, all in one store! Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. Get to your goal faster and more easily with financing from Eastern Funding. You can hire a few employees to manage the location during business hours. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. If want to tap into this lucrative industry and join a laundromat franchise, see below the benefits of owning a laundromat and a list of the top laundromat franchise opportunities. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Great Shopping Area Loyal Customer. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. In addition, he served as an online media manager for the University of Nevada, Reno. When you assume a loan, you dont originate a new loan, you simply transfer the old loan from the seller to you and you take over the payments. The benefit of assuming the existing loan as laundromat financing is that it is typically cheaper than starting a new loan and the business should be able to support it. Owner wants to retire. 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. He wanted to spend more time with his family, and laundromats are the perfect business for that. Growth & Expansion: This is only the beginning. When evaluating offers, please review the financial institutions Terms and Conditions. And one of our consultants will contact you. All machines are in great condition. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Excellent location, most desired area in Miami city, low lease and managerial costs. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Plus, laundry care continues to be a growing industry. Investment ranging $475,000 to $675,000. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. Easily reachable from Baltimore or DC area. To learn more, complete an inquiry form on their website. Shack Shine has changed that. Established Neighborhood Laundromat for sale in NJ. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. North Port, FL. However, there are many services you can offer and ways to generate additional income streams. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. Vended Laundry Are you looking to buy an Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. When making a major business investment, you need an experienced partner you can trust. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. LISTING ID # 33117 Seller financing is available. This is the one you've been waiting for. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. And one of our consultants will contact you. Online marketing campaign in place. Laundromats for sale often include coin-operated washers and dryers of varying sizes. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Only reason for selling is I have moved. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. $5000 down. He understood that laundry was a chore for most and the faster you finish, the better. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. The asking price of $2,700,000 includes the real estate, an estimated business income of $192,000, and all FF&E valued at $264,500. Call me today to take advantage of this opportunity with a great location. 2023 Laundrylux Inc. All rights reserved. Laundromat For Sale in Passaic County, NJ. Month after month this app/web based laundry service is growing. Its as simple as that. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Most laundromats right now are run by mom and pop owners, Jordan said. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. Minimum liquid cash requirement: $100,000. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. Laundromats are cash flow businesses, too. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. You can pick up where the previous owner left off and start collecting quarters the next day. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. We offer our customers the choice to do their own laundry or utilize our wash-dry-fold services, typically done in 24 hours, and we now offer drop-off service as well. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. Franchisees can have up to 70% of their project costs covered and can access the only dryer on the market running on energy-efficient Eco Power. Jordan is a former pastor turned laundromat mogul. Your other option is to buy an existing laundromat. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! Total price $85000. Many or all of the products featured here are from our partners who compensate us. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. We believe everyone should be able to make financial decisions with confidence. Moving ready. They have teams proficient in marketing, advertising, and public relations available for any questions you might have.
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