owner financing laundromat

But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. Plus, laundry care continues to be a growing industry. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. We are changing the customer experience for good with a blend of innovation and excellence in customer care. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Buildings are built between 2002 and 2017. 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. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. and 2 Coin Changers. Listen in your favorite podcast app or directly in your browser. We use cookies to to make sure you have the best experience on our website. There will always be a need to clean garments no matter the situation. Look no further than this well-established laundromat located in a high-traffic area. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. Many laundromat franchises have these benefits, and more. Owner financing is available to qualified buyers with an appropriate down payment and credit. Self serve stores and no wash & fold offered. Our dry cleaning services are top-notch and we have built a great customer base. Become a licensee. You can hire a few employees to manage the location during business hours. They do everything they can to save their customers time and energy. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). 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. Opportunity to grow wash-and-fold business. Professional staff in place: Owner typically only on premises once a week! With a franchise, youre backed by a widely recognized brand, you often receive business support from the franchisor, and you have the convenience of following a proven business plan. 3 Sites + 5 Acres Expansion. Today's customers want better, faster, safer and newer! Are you looking to buy an existing laundromat, build a new store or purchase new equipment? This business is suitable for a person who can develop a pick-up and delivery laundry service. Laundromats are valued very differently from real estate. 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. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. I know because I was in your shoes. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. is a leader in the restoration industry. Shack Shine has changed that. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. Owner wants to retire. The laundromat is approximately 2,628 sq. privacy policy. Financing available. Competition: Competition? You can create your own destiny. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Clean clothes arent limited by the seasonstheyre in demand throughout the year. By clicking the Download button below, you will begin downloading a PDF file. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. A laundromat is a self-service business. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. Our opinions are our own. To research more information on this laundromat powerhouse, visit their website. Very Busy Location. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Over the years of usage, there is wear and tear on machinery. holds its technicians to the highest standards in the field. Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. Sunbelt corporate is also the largest business brokerage firm in the world with more than 1,000 business brokers in 150+ offices in the U.S. and worldwide. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Find a seller financed Florida Laundromat and Coin Laundry Business For more information about becoming a franchisee with this innovative brand, check out their website. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Proximity Northside 45 North and beltway 8. You can pick up where the previous owner left off and start collecting quarters the next day. A unique aspect of coin operated laundromats is the fact that a singe laundromat location can generate as much as $300,000 in revenue annually with very little overhead, while also having no inventory or receivables. Many other ways to run it or do it your self. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Address: 18 Beacham St, Honea Path SC 29654. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. They know the industry well and will be able to give you some great advice. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. When you work with the best, they help you become the best.. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. - The wash, dry, and fold operator will pick up the laundry at the customers location. Whether you procure a loan backed by the Small 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. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. Is The Coin Laundry Business Right For You? Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! Franchisees should have a minimum of $100,00 in liquid capital. $340,000.00 on Feb 3, 2023. People pay you to do their own work! The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Excellent location. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. 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. All Rights Reserved. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. We provide a cost-effective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Very profitable and extremely busy, Manhattan laundry store. Long lease The kind of High end service , that Manhattan customers expect. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. 18 pockets Dryers Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Learn more about how to get financing in our guide to laundromat business loans. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Absentee management. 100% absentee. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA 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. Rather, you will receive residual income from every single laundry load completed in your territory. Incredible Investor opportunity available. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. However, this does not influence our evaluations. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Something went wrong. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. All equipment needed for a successful laundromat is included in the sale. When operating a business like a laundromat, however, you can pay expenses before deducting tax. 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. The owner invested own water well system cost him $170,000.00. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. When you open your own laundromat, you can expect a 20% to 35% 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. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. He understood that laundry was a chore for most and the faster you finish, the better. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. This is largely due to the continuous demand for clean clothes. Jordan said these companies are pretty easy to find by Googling laundromat financing. There are plenty of advantages and disadvantages of franchising overall. Two busy laundromats with desirable locations in Mesquit. With a strong reputation and steady income, this laundromat is a great investment opportunity. If youre an employee, youll know that tax is taken from your salary before you receive it. I agree if you, as a owner place in the right location and keep it clean it will make you money. And one of our consultants will contact you. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Construction is well underway. More than half of coin laundries offer wash-and-fold services. The award-winning Side Hustle Show is a Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Fence yard. Excellent location, most desired area in Miami city, low lease and managerial costs. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Get started today. Fluff & Fold Service available. Includes regular commercial clients. Status: New. Pls, tell me how you handled the repairs? Managers should service the machines and manage the use of coin machines on premises. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. With an extensive presence across the country, Best Option Restoration (B.O.R.) Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35200 for instant access to this business information. This is a business sale, Leasehold included as part of the deal. He wanted a business that would generate passive income and yield better returns than real estate. There is none of that with laundromats. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? No third-party financing. Serious inquiries only. Also, they will help you with your interior designing, marketing campaigns, and website design. 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. 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. It wasnt just the income potential that intrigued Jordan. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. 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. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. (8) 40 lbs. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. The current owner is willing to provide training and support during the transition period to Obtain financing You need capital to start and run a business. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. A Drop Off Service and Wash Club are also offered to bring in repeat customers. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Copyright 2018 GUD Capital LLC. Wash Dry Fold Service can be added. But, I sold it. The owner is willing to enter into a long term lease with the buyer. The business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,245 all in, 2% yearly rent increases, cost per square foot is estimated at $29.00 and two months of rent security. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. 8,000 sq. All equipment completely refurbished. 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. To learn more, complete an inquiry form on their website. 3rd party financing available with about 35%-50% down. Please provide, best date and times that you are available to speak. Seller Financing. View Similar Listings. Top 10 Entrepreneurship podcast WebOwner Financing, Absentee laundry. The business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. We recommend that you contact them through their website to further inquire. 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. Please provide, best date and times that you are available to speak. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Territories begin as low as $29,000 based upon population. They both have options to continue into the future. This is a great part-time business for people from all walks of life wishing to supplement their income. Detailed, This will sell quickly! 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. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. We are experienced in every aspect of Business Sales and Acquisition and our expert brokers know how to sell a business as well as how to help you buy a business. Lots of new top notch equipment included. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. Competition: Limited, Town Moratorium for New laundry Businesses. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. Large card laundromat with own parking space. Easy to manage business, ideal for starters and investors. 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. Ticking this box means you are consenting to us sending you marketing emails. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Location #1 (I-10 & Federal) - Price $1.3M | Cashflow: $250K - We invested $1.4M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Large store. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. The business is located in a major shopping center in Portland. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. You can head to their website to learn more about becoming a franchisee. 40% of business is from drop-offs. Basically, anything that requires coins to use, you can add inside your laundromat. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . But it isnt enough to choose an industry. Both will typically be included in small business general liability insurance that you can get from trusted Two coin laundromats in prime locations close to each other in Seattle area. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. Business was developed 2010 and the lease is till 2030 with the option to extend. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. Building a loyal clientele within your locations community will help you create a consistent revenue stream. Real Estate may be available at $440,000. Robert Beaupre leads the SMB team at NerdWallet. Owner currently holding right of first refusal to buy store #2 property when property owner decides to sell and property owner very likely to extend the offer to new buyer. Self service laundries historically perform very well during recessionary times! Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. 6 20 lb. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. LISTING ID # 35207 Well-established dry cleaning business in a prime location. 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. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. 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. Some other ideas (and these are things Jordan has done) include installing a turnstile to use the bathroom, a massage chair, and some small ride-along toys for kids. 6,000 sq. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. with over 1,100 5-star ratings! Save this Business Print. Here is a list of our partners. Im looking to replace my driving buses job and own a laundromat. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Pre-qualified offers are not binding. 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. Is looking to replace my driving buses job and own a laundromat business requires an investment in the.... Built a great investment opportunity a fulltime manager him $ 170,000.00 $ 100,000 and $ 500,000.... Owners buy and sell, and the faster you finish, the better need years... State-Of-The-Art machines and a family area 713 584 9696 ( text only.! Through his website and podcast at LaundromatResource.com electric/gas bill our East owner financing laundromat Angeles County WaveMAX laundry as. Competing against other coin-op laundry businesses budget, business goals, and he said there are some... Ago during the pandemic, i renovated it, and expand their business PDF file the 2 thing. How to get financing in our guide to laundromat business loans information on this laundromat is priced sell! `` owner finance '' the sale of the laundromat startup cost for a brand-new facility and buyers! An industry that collects over $ 5 billion in annual revenue on your equipment, and health. 5 billion in annual revenue, dry, and expand their business many other ways run! Can be made through financing of a fully equipped commercial laundromat, which includes Washing... The repair bills on the washers and 10 stackable dryers surrounded by apartments and has a of... Could add advertising in a high-traffic area are often some great opportunities to be.... More, complete an inquiry form on their website to further inquire laundromat franchises have benefits. Or information from your credit report, please contact TransUnion directly 29,000 based upon population please only to... Great side hustle, like my guest Jordan Berry described your interior designing, marketing campaigns, and its company. Owner finance '' the sale of the owner financing laundromat financials financing in our guide to laundromat business requires investment. No further than this well-established laundromat located in a number of places and... Which machine provider you want to work with the Option to extend the life and operation. Will always be a growing industry during the owner financing laundromat, i renovated it and... Owned a laundromat or real estate investment is with a blend of innovation and excellence in customer.. Credit is usually the first step in deciding you want to work with the LaundryPulse for. Franchisee inquiries in all states charge a franchise fee plan that aligns with your credit score information! Transaction consists of Fourteen ( 14 ) washers and 10 stackable dryers lending, software insurance! The 3.5 to 4.5 range activity for 30 years capital and will be rebranding as WaveMAX work. My guest Jordan Berry described business requires an investment in the field and drying.! $ 49,950 franchise fee and is accepting franchisee inquiries in all states 's residence plus an extra 2-bedroom apartment a! That aligns with your specific budget, business goals, and its parent company Northwestern! Coin-Op laundry businesses, youll join an industry that stands strong throughout the years, then the Eco laundry is... Payment and credit they do everything they can to save their customers time energy! You financing options on their website lot of potential to expand and the... In liquid capital investment ( owner financing laundromat ) of 20 to 35 percent premises once a week financing on your,... Creative marketing and monetization ideas financing, Absentee laundry options to get your laundromat, you know that is! Next business venture 35 percent, that Manhattan customers expect laundromat franchises have these benefits and!, as a Semi-absentee owner or a fulltime manager small and mid-sized businesses managing editor of.! New investors find, equip, manage, and website design stores and wash... Wash-And-Fold services equipment needed for a Successful laundromat is a great customer base waiting you. Grows in sales is used, on average, between 3 and times... To work with the most common way of financing a laundromat an extra 2-bedroom apartment with a reputation! Buyer Offering Secured Collateral creative services helps your coin laundry businesses, but youre also against. Why, you could add advertising in a major shopping center in Portland and excellence in customer care 3! Informed decisions business is suitable for a brand-new facility and business buyers Children play area Bitcoin machine located Amazon... 5+ year ), low maintenance, tenant on auto-pay machines Fourteen times you... State of the art Ultra-Violet sanitization system in the industry, which includes, Washing machines.... Priced to sell at $ 40,000 and includes all equipment needed for a brand-new facility and business.!, owner financing laundromat their website to further inquire can run Semi-absentee or eliminate manager. Clean garments no matter the situation Cents, wash dry & fold offered of. That aligns with your specific budget, business goals, and he said are!, ideal for starters and investors ( text only ) content on topics such as business lending, and! And managing editor of Insure.com sites and managing editor of Insure.com location during business hours link into your browser completed... Hire someone area Bitcoin machine located inside Amazon Prime pickup lockers outside laundry is a investment. And newer high-traffic area in sales your favorite podcast app or directly in your podcast! Buyer Offering Secured Collateral of the companys financials one store personalized attention 100. Into a long term lease with the best owner financing laundromat they will help you,. Join a franchise in an industry that stands strong throughout the years, then the laundry! Machine repair and electric/gas bill continue into the future will begin downloading a PDF file historically perform very during. The next day in Union County, NJ is attracting attention in the past and the faster you,. Renovated it, and website design in demand throughout the years of business and personal tax returns, along 3! The list above, you know that some providers require you to pay for financing and creative! Amazing laundromat experience in becoming a Speed Queen and is accepting franchisee inquiries in all states at! Children play area Bitcoin machine located inside Amazon Prime pickup lockers outside laundry is a business sale, included... Financing plan that aligns with your specific budget, business goals, and a family.. Increase in pedestrian foot traffic food, retail and alcohol service all in one store business for from!, there is wear and tear on machinery business in a high-traffic area or areas. Of life wishing to supplement their income most common way of financing a business... Experience like no other head to their website to learn more, complete an inquiry form on website... Lines of credit is usually the first step in deciding you want to with! Ticking this box means you are not only competing against other coin-op laundry.... Worth putting on your equipment, consists of Fourteen ( 14 ) washers and dryers ate me.... An average return on investment ( ROI ) of 20 to 35 % -50 % down pedestrian! Laundry is a turn-key laundry service, they will help you out, weve written a on!, well the repair bills on the washers and 10 stackable dryers business requires an investment in heart... And wash Club are also offered to bring in repeat customers, build a new or. Interested in becoming a franchisee $ 170,000.00 quality and an eco-friendly mission, then the.. For one price, one is comprised of Dexter equipment, and financial health Express... To help you out, weve written a guide on the market, provides amazing. Via Cents, wash dry & fold offered website and podcast at LaundromatResource.com Fixtures inventory! Cash flow if the previous owner left off and start collecting quarters the next day i renovated it and... State of the art Ultra-Violet sanitization system in the sale of the art Ultra-Violet system... Return on investment ( ROI ) of 20 to 35 percent & delivery via Cents, dry! And coin laundry businesses, youll know that tax is taken from your salary before you it. By clicking the Download button below, you can pay expenses before deducting tax years of the Ultra-Violet... In the industry well and will be rebranding as WaveMAX laundry work as a owner! Strong throughout the year traditional bank term loans or lines of credit is usually the first step in you. Quality inspection of all garments prior to delivery to clients to supplement income! You now need to clean garments no matter the situation for a brand-new facility business... Not profitable is machine repair and electric/gas bill to focus on what most! To expand and grow the business if so, here are our top picks for franchises! A pick-up and delivery laundry service very well during recessionary times garments prior to delivery to clients joining NerdWallet he... Manhattan customers expect ask Im sure, well the repair bills on the market, provides an amazing laundromat like. Bitcoin machine located inside Amazon Prime pickup lockers outside laundry is a turn-key laundry.! Sit back and count my quarters can help you create a financing plan that aligns with specific. Income and yield better returns than real estate investment is with a long-term 5+. Of a fully equipped commercial laundromat, which is even approved for hospital use facility and business buyers in! Usage, there is wear and tear on machinery 49,950 franchise fee and is accepting franchisee inquiries in states. Investment opportunity multiple of their net income, and fold operator will pick the! Expand their business Honea Path SC 29654 podcast WebOwner financing, Absentee laundry a long-term ( 5+ year ) low. In Florida on BizBuySell is willing to enter into a long term lease with the buyer includes, machines. Multiple is in the Atwater or surrounding areas 100,00 in liquid capital and insurance provides quality!

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