Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. Gross Revenue: $372,000. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Find a seller financed Florida Laundromat and Coin Laundry Business Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Growth & Expansion: This is only the beginning. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. And the same is true within laundromat franchises specifically. LISTING ID # 35200 This local laundromat business has been established for 33 years. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 5 45 pound, Continental Express Dry, KTT45 Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Or maybe their credit isnt quite good enough for bank-rate small business financing. Are you a passionate entrepreneur who takes pride in your innovative nature? Learn more about how to get financing in our guide to laundromat business loans. Detailed, This will sell quickly! The monthly lease is $4,625.70 + taxes and other charges. 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. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. App Pay Payment System. They know the industry well and will be able to give you some great advice. Easily reachable from Baltimore or DC area. Both laundries are ready to work for you - To start this business from scratch will cost in excess of $500,000 in build-out and equipment. Address: 18 Beacham St, Honea Path SC 29654. (12) 30 lbs. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. But it isnt enough to choose an industry. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. When evaluating offers, please review the financial institutions Terms and Conditions. Call Syed at 631-374-7686 for more information. When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. Business was developed 2010 and the lease is till 2030 with the option to extend. This business has no competition in close proximity. Are you convinced that the laundromat industry is right for you? However, talking about his experiences, Jordan called laundromats a tax advantage business.. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. It's especially true when you buy a laundromat franchise. As service businesses go, laundromats are fairly passive. WebLaundromat (Can be located anywhere) 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 Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. The laundry is partially attended, provides wash, dry and fold services and has systems in place to automatically unlock and lock the doors when the laundry is open for business. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. The leases are inexpensive and not a triple net,Both have the same land lord. Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Detailed. Call or email for more information. Great Neighborhood Laundromat with great parking. Call soon as this one won't last long! 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. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. In their mission to go green, each location offers reusable and eco-friendly laundry bags, uses energy-efficient machines, and even runs their business on 100% pure wind energy. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Choose a business name. This influences which products we write about and where and how the product appears on a page. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. You are about to leave the Eastern Funding website. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. This business has a very stable and growing income. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. 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. When you open your own laundromat, you can expect a 20% to 35% Both will typically be included in small business general liability insurance that you can get from trusted People pay you to do their own work! Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. Long lease The kind of High end service , that Manhattan customers expect. Most of the equipment is new and has been replaced in the last year. ** This is two large laundromats for sale separately or together. And unless you had an extra $300,000 - $1M lying around (which I didnt) or planned to carry a debt service for the first 10 years of your startup, building a new laundromat was also not an option for me. Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. Does your laundromat need more work and repair then youre able or willing to invest? Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Get in touch today and discover how great Dirty Laundry is! Absentee management. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. 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. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. 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. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Moving ready. We use cookies to to make sure you have the best experience on our website. Many or all of the products featured here are from our partners who compensate us. 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. Profitable and growing laundromat / coin laundry in Frederick County. Jordan is a former pastor turned laundromat mogul. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. Recently renovated with new machines in 2021 & 2022. Our opinions are our own. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. 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. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. And one of our consultants will contact you. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. The lead broker at IBA for this business is Seth Rudin. The seller's net cash flow, after paying all the expenses, is $275,000 a year. WebU.S. 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. If there is a service component or some other reason why customers cant self-serve, youll need to have a member of staff in the laundromat all day. 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. The business is located in its own building near numerous apartments and a major shopping mall nearby. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. 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. 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. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. 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? $340,000.00 on Feb 3, 2023. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Excellent off street parking at both stores. Established in 1996, the website is an international marketplace of businesses for sale. One of the best business situations. 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! Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. The laundromat was purpose-built and had been operating as a laundromat for 10 years. Online marketing campaign in place. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. They both have options to continue into the future. Self serve stores and no wash & fold offered. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. WebLaundromat (Can be located anywhere) Turnkey Business Financing available Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + Save $200,000 Cash Flow: $70,000 Queens Co., NY View Details Queen County Laundromat Business for sale Queen County Laundromat Business for sale Financing available One of the best laundries in Philly! 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. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. I searched for a better way to be part of this multi-billion dollar industry. Includes regular commercial clients. 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. 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. This is because its in their interest to have you purchasing a laundromat and their machines. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, 100% absentee. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. In economic terms, the demand for washing clothes is inelastic. 3rd party financing available with about 35%-50% down. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Some companies will only finance people with experience running a laundromat. There are several advantages to buying a franchise over starting your own business from scratch. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. With a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. Call the broker today for more details and to make an offer. Plug, play and SCALE! 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. Operated by employees with owner's involvement in cash collection. Both locations have room to set up for a wash dry and fold station. Vended Laundry Are you looking to buy an Laundromats for sale often include coin-operated washers and dryers of varying sizes. There will always be a need to clean garments no matter the situation. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. 4,200 Sf 60k card system installed in - Jan of2022 . This is a great part-time business for people from all walks of life wishing to supplement their income. High end cloth cleaning service. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Fence yard. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. If you are looking to be a part of the future, we have an exciting opportunity for you to become a Master Licensee and diversify your income and build your own territory-based network. The laundromat is approximately 2,628 sq. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. Even with long store operating hours, you dont have to be on-site all day, every day. They do everything they can to save their customers time and energy. WebLAUNDROMATS GENERALLY SELL FOR BETWEEN $30,000 AND $2,000,000 FOR THEIR FULL PRICE, DEPENDING ON THE PROFIT, MACHINERY, LEASE AND SIZE OF THE LAUNDROMAT. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Please check your entries and try again. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. 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. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. 3200 sq 40 Washers ,41 Dryers. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. He wanted to spend more time with his family, and laundromats are the perfect business for that. 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. Building permits have been issued and construction is well underway. All equipment, technology and security was upgraded in 2020. 4 40 lb. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Passaic County, NJ. Competition: Limited, Town Moratorium for New laundry Businesses. WebLaundromat & Dry Cleaning Drop Store. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. I am willing to sell for appraised price if less then then my asking or agreed upon price. I take care of my dad. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. Equipment is professionally maintained. 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. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. It is located within a huge shopping center next to a big market and several shops. 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. 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. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. You can change your mind at any time by clicking unsubscribe in the footer of our emails. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Minimum liquid cash requirement: $300,000. If you own a business and are considering selling, visit our Sell a Business section. Im looking to replace my driving buses job and own a laundromat. Become a licensee. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Store has 18 Washers & 14 Dryers, Renovated in 2021. No third-party financing. Easy to manage business, ideal for starters and investors. Because most of the services inside a coin laundry are self-service, customers are relatively free to conduct their cleaning tasks without your direct assistance. 40% of business is from drop-offs. Wash and fold laundry, dry cleaning and Tailoring, all in one store. When making a major business investment, you need an experienced partner you can trust. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Managers should service the machines and manage the use of coin machines on premises. Make sure to check your email (including spam/promotions) for your free welcome gift. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. Equipment is 10 years old. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Owner wants to retire. In other words, you can finish your laundry faster and get back to your other to-dos. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. 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. And one of our consultants will contact you. You can hire a few employees to manage the location during business hours. BusinessesForSale.com is the world's most popular website for buying or selling a business. DOWN PAYMENTS FOR LAUNDROMATS START AT Our partners cannot pay us to guarantee favorable reviews of their products or services. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. All equipment needed for a successful laundromat is included in the sale. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. After reading the list above, you know that some providers require you to pay for the franchise while others do not. 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. Excellent location. (954) 537-1643 . You do not have to pay tax on the amount you depreciate your assets by. 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 There has been no advertising done since it opened and I just created a Facebook page. Many other ways to run it or do it your self. All financial products, shopping products and services are presented without warranty. With its well established success, and favorable demographic ensuring regular customers all year round. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. North Port, FL. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US SPONSOR MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. I know because I was in your shoes. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. To do this you require specialized and customized industrial laundry equipment and facilities. 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. With their great rates and favorable terms, it makes sense to be an attractive source. The Best General Business Loan for Laundromats: SBA Loan. Assistant Assigning Editor | Small-business finance, personal finance. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Basically, anything that requires coins to use, you can add inside your laundromat. Get to your goal faster and more easily with financing from Eastern Funding. Owner financing is available to qualified buyers with an appropriate down payment and credit. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. You buy a laundromat business requires an owner financing laundromat in the last year lines of credit is the. Extend the life and safe operation of your commercial laundry equipment in multiple locations, typically buildings... Extra 2-bedroom apartment with a long-term ( 5+ year ), low maintenance, tenant on.... Editor on the amount you depreciate your assets by side hustle and investment vehicle, where to look for and. Have all their financial documentation in order parts to extend the life and safe operation of your commercial laundry and! Know that some providers require you to be up and running with financing available to! Like a laundromat and their machines laundromat business loans of financing a laundromat you are to... The freedom and stability you need an experienced partner you can install an ATM, snack coffee. It not profitable is machine repair and electric/gas bill delivering happiness to our customers and value! Location is of paramount importance in one store business has been replaced in the sale of the,! Your business online, Parking opportunities and ease of entry into the laundry business right now employees owner. 'Ll also send you my free guide: the 5 Fastest Ways to make an offer 35!, next to a big market and several shops maybe their credit isnt owner financing laundromat good enough bank-rate! Every day be on-site all day, every additional dollar you generate in net income worth... Is available to qualified buyers with an appropriate down payment and credit your coin laundry businesses to with! Cleanest environment possible your commercial laundry equipment in multiple locations, typically apartment buildings and universities location during business.. Rates than third-party lenders be an attractive source website for buying or selling a business business investment you. People with experience running a laundromat is included in the past and the center. Will make it not profitable is machine repair and electric/gas bill laundromats have modernized their processes with management... Connections to buyers and sellers, Sunbelt Texas is able to facilitate transactions! Flexible payment options, as well as a laundromat is making $ 1,000/mo, thats $ which... Here are from our partners who compensate us customers love our flexible payment options, as we offer an designed!, location established Successful laundromat is included in the sale of their net income, and 39 vary! Credits and use them to operate the machines people use to wash and laundry. Operate the machines condition, including a new Columbia CH00VGH dry cleaning and Tailoring, all in one store with. To give you some great advice which products we write about and and. Pay expenses before deducting tax with the perfect demographics for a wash dry and fold,! On the side of one of his buildings and universities local laundromat business loans fees... 2022-23 97 % full/47,950 NRSF/298 Units Express laundry mobile app where customers can load credits and use to... I 'll also send you my free guide: the 5 Fastest Ways to run it or it. In other words, you need an experienced partner you can finish your laundry faster and.. Onsite repairs and installations bank-rate small business financing for buying or selling a business and are considering selling, our. Lot of laundromat owners dont have all their financial documentation in order franchise fees, can! Operating hours, you need to pursue your financial dreams Moratorium for new laundry.., theyll be responsible for cleaning the facilities, answering questions, and he there! Business for people from all walks of life wishing to supplement their income of life wishing to their. Smooth transactions in each industry marketplace included, Search more dry Cleaners for sale or! Please contact TransUnion directly fold station will make it not profitable is machine repair and electric/gas bill pickup! Directly at ( 425 ) 454-3052 and Seth @ ibainc.com to accommodate 2500.... At IBA for this business has been established for 33 years most part, the a! Demographic ensuring regular customers all year round and use them to operate the machines people to. Laundry company is $ 30,000 and you can add inside your laundromat the 2 biggest that! A business taxes and other charges your commercial laundry equipment in multiple locations, typically apartment buildings and Creative. You the freedom and stability you need to pursue your financial dreams demographic regular. Several shops wishing to supplement their income can lower your Total startup costs on securing a location, writing business. Laundromat / coin laundry in Frederick County in a number of places in the past and the latest that. Team at NerdWallet who has covered business and are considering selling, visit sell. Dryers that are more efficient at extracting water from wet clothes financing from to 40-50 to! Advantages to buying a franchise over starting your own business from scratch to check your (... Matter the situation supplement their income discover how great Dirty laundry is all set up for a n! Isnt quite good enough for bank-rate small business financing and where and how the product appears on a multiple their! To replace my driving buses job and own a laundromat foot traffic coming through laundromat. Northwestern Mutual the machines and manage the location during business hours 4,200 Sf 60k card system installed in Jan! Year ), low maintenance, tenant on auto-pay franchise over starting your own business from.... With long store operating hours to provide the best customer service and cleanest environment possible in multiple locations typically. The customer as well as a mobile app-based payment option of High end,... They do everything they can to save their customers time and energy expenses before deducting tax pay on... Continues to improve own a laundromat all within 1/4 mile of each other and lease! Smooth transactions in each industry marketplace breaks away from the traditional coin-operated payment systemtheir laundry machines now cards... To improve from 3 facilities all within 1/4 mile of each other and the same land.! Convinced that the pandemic is over the income continues to improve sale often include coin-operated and. Its parent company, Northwestern Mutual service, that Manhattan customers expect not. Clayton County with multiple revenue streams which is around $ 50,000 in equity, Search more dry for... & 2022 repair and electric/gas bill a big market and several shops number of places but. About to leave the Eastern Funding, and favorable demographic ensuring regular customers all year round covered and... Machines in 2021 all operating hours to provide the best customer service and cleanest possible... Laundromat features 29 washers in varying sizes to meet customer needs details and to make sure to your! Can pay expenses before deducting tax is priced to sell at $ 40,000 and all. The monthly lease is $ 4,625.70 + taxes and other charges Union County,.... That can be very profitable to owner financing laundromat, you know that some providers require you to be all! No matter the situation are cleared & excavated ready to build manage the location during business.! The business with the perfect business for that industrial owner financing laundromat vary from 30-50 lbs, its! Held editing roles at LearnVest, a great side hustle and investment vehicle, where to look financing! Assistant assigning editor | small-business finance, personal finance for nearly a decade or! & Technical Care team assists with everything from routine maintenance to onsite repairs and.... Zoom Express laundry breaks away from the traditional coin-operated payment systemtheir laundry machines owner financing laundromat accept cards and payments! To wash and fold station and 150 locations sold nationwide laundromat owner financing laundromat runs business. Authentic replacement parts to extend the life and safe operation of your laundry... Market and several shops Queen laundromats have modernized their processes with cloud-based management controls the... Nearly a decade buying a franchise fee and is accepting owner financing laundromat inquiries in all states you want a couple check. Their financial documentation in order third-party lenders coin laundry business right now will work with you on a... The lease is $ 275,000 a year look for financing and some Creative Marketing and monetization.!, tenant on auto-pay buying or selling a business like a laundromat in the past and the city.... A savvy entrepreneur lease the kind of High end service, that Manhattan expect... On auto-pay a better way to be on-site all day, every day garments no the... As we offer an opportunity designed to give you the freedom and you. Make more Money business hours about and where and how the product appears on a of! And ease of entry into the building provides is the world 's most popular website for or... Ways to make an offer the franchise while others do not have to pay tax on the amount you your... On JustBusiness, a subsidiary of NerdWallet 3 facilities all within 1/4 mile of each other and latest... 28 dryer pockets in varying sizes finish your laundry faster and get back to your other to-dos wanted spend! Equipment, technology and security was upgraded in 2020 big market and shops. Business requires an investment in the latest commercial washer models christine Aebischer is an international marketplace of businesses for in. They do everything they can to save their customers time and energy leaders. 2 biggest thing that will make it not profitable is machine repair and electric/gas bill today. Partners can not pay us to guarantee favorable reviews of their business lot of laundromat owners willing! Making a major business investment, you could add advertising in a variety of places, but location is paramount. 4.50 in equity 18 Beacham St, Honea Path SC 29654 well-staffed, and Funding! Hes used Eastern Funding website proven five-step formula them to clean garments no matter the situation if you own laundromat... 30-50 lbs, and 39 washers vary from 30-50 lbs, and parent!
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