Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Has 46 dryers and 31 washing machines. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Are you looking for a turnkey business opportunity with a proven track record of success? By clicking the Download button below, you will begin downloading a PDF file. BusinessesForSale.com is committed to protecting your privacy. This industry is on fire as stores with older technology cannot afford to upgrade. Very profitable and extremely busy, Manhattan laundry store. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Plug, play and SCALE! $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? 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. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. Web2. The business fixed assets have an estimated value of approximately $170,000 Even with long store operating hours, you dont have to be on-site all day, every day. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Web2. 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. Jordan is a former pastor turned laundromat mogul. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. Shack Shine has changed that. Please provide, best date and times that you are available to speak. Franchisees should have a minimum of $100,00 in liquid capital. To learn more, complete an inquiry form on their website. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Incredible Investor opportunity available. Absentee management. This information may be different than what you see when you visit a financial institution, service provider or specific products site. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. App Pay Payment System. Laundromat For Sale in Passaic County, NJ. We use cookies to to make sure you have the best experience on our website. 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. 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. By submitting this form, you confirm that you agree to our terms and conditions. Consequently, the business needs to make enough money WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. What this means is, most laundromat owners have a few laundromats in their portfolio. Minimum liquid cash requirement: $100,000. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. They know the industry well and will be able to give you some great advice. Or maybe their credit isnt quite good enough for bank-rate small business financing. DOWN PAYMENTS FOR LAUNDROMATS START AT Laundromats are valued at around 3.5 to 4.5 times their net operating income. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. Rated 5 stars by its loyal customers. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. This Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. I know because I was in your shoes. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. 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. Whether you procure a loan backed by the Small People pay you to do their own work! 4 40 lb. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Without having to pay the full price of the equipment upfront, laundromat owners are able to lease the equipment for as low as a 7% rate, and terms up to 7 years. Excellent off street parking at both stores. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. You're in! So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Construction is well underway. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Look no further than this well-established laundromat located in a high-traffic area. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. Both will typically be included in small business general liability insurance that you can get from trusted So, heres the deal: Getting into the laundromat business isnt cheap. It involves a brick-and-mortar facility full of expensive laundromat equipment! Keep reading. Making a budget and sticking to it is even more important in business than in your personal life. Udemy offers inexpensive courses on budgeting that are worth checking out. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. For coin-operated laundromat owners that have bad credit and need a business loan, or lack any financial records other than bank statements, a merchant cash advance financing facility can be the best and only financing option. The first is that business tax is very different from employee tax. Operated by employees with owner's involvement in cash collection. Please provide, best date and times that you are available to speak. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. No thanks. With an increase in renters comes the need for coin-operated laundromats. All financial products, shopping products and services are presented without warranty. Pls, tell me how you handled the repairs? Both locations have room to set up for a wash dry and fold station. Has 3 employees 1F/T & 2 P/T. 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. 4 30 pound, Continental Express Dry, KTT30 $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Opportunity to grow wash-and-fold business. WebPartial owner financing. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! 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. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. 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. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. After reading the list above, you know that some providers require you to pay for the franchise while others do not. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Everyone needs to do laundry! This business has no competition in close proximity. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. This sale includes both 1019 & 1049 W Sedgley Ave and 3213 N 11th Street, all furniture, fixtures, and equipment, as well as detailed store performance data available upon request. Seller Financing. All equipment, technology and security was upgraded in 2020. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. Long term lease remaining. Blawenburg, NJ. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. Laundromat owners usually operate facilities that are primarily self-service oriented. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. Month after month this app/web based laundry service is growing. Getting the freedom to take care of him and replace my income is my motivation. Also state what your time frame is. This is a great part-time business for people from all walks of life wishing to supplement their income. washer, Continental RMG 55 Don't miss out on this chance to own a thriving business. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. For more information, please call or text Nadir Jiddou at 248-220-3274. There has been a major decline in home ownership especially among millennials. They also offer complimentary WiFi to customers waiting for their laundry to finish. WebOwner Financing, Absentee laundry. Their franchise fee runs at $39,500. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. In addition, he served as an online media manager for the University of Nevada, Reno. Rather, you will receive residual income from every single laundry load completed in your territory. Full staff opens, closes, cleans and processes drop off orders. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. Pre-qualified offers are not binding. SuperSuds does not list any franchise fees or costs on their website. 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. Revenue is up from when I purchased and has a ton of room to grow the business. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. One of the best business situations. Many or all of the products featured here are from our partners who compensate us. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. No Comp/No Zoning Now Accepting Offers. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Most of the equipment is new and has been replaced in the last year. Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales Large Plant w/20% Excess Capability Perfect to Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! Profitable and growing laundromat / coin laundry in Frederick County. yielding sensible cash flow. Something went wrong. Store has 18 Washers & 14 Dryers, Renovated in 2021. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. 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. Plus, laundry care continues to be a growing industry. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Green Green Green! They do everything they can to save their customers time and energy. Established in 1996, the website is an international marketplace of businesses for sale. He wanted a business that would generate passive income and yield better returns than real estate. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Owner wants to retire. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Dansbury equipment and securty is automtated and accessed remotely. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. There is no limit the number of successful laundromat franchises you can own. Become a licensee. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Buildings are built between 2002 and 2017. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. Excellent location. 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. 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. Laundromats are valued very differently from real estate. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. 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. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. The seller is willing to help a new buyer to get the financing. And one of our consultants will contact you. To learn more about this green laundromat and how to franchise with them, visit their website. 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. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. There will always be a need to clean garments no matter the situation. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. The second way is that you can depreciate your machines and assets each year and effectively write off that value. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Don't wait. They both have options to continue into the future. If youre an employee, youll know that tax is taken from your salary before you receive it. All equipment will be working properly upon closing. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Fluff & Fold Service available. Fantastic Hudson county laundromat! The laundromat was purpose-built and had been operating as a laundromat for 10 years. Our dry cleaning services are top-notch and we have built a great customer base. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. The owner is willing to enter into a long term lease with the buyer. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. If you're looking for a laundromat business, don't let this opportunity pass you by! 3rd party financing available with about 35%-50% down. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. 54 Washers,56 Dryers. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. Minimum liquid cash requirement: $230,000. Staff in place. You do not have to pay tax on the amount you depreciate your assets by. This may or may not play a role in your choice of which company to work with. washer, Continental RMG040 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. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Surrounded by large apartments and multi-unit housing, you'll easily draw in a steady stream of customers that are sure to grow your business. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. With its well established success, and favorable demographic ensuring regular customers all year round. washer, Continental EH020 $600 a month. Are you convinced that the laundromat industry is right for you? The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Zoned I-2 Property Highlights - Estimated Income: $192,000 - All FF&E included: $361,500 - FF&E: (34) Single Dryers, (12) Double Dryers, (10) 40lb Dryers, (8) 50lb Washers, (16) 20lb Washers, (7) 30lb washers (all roughly 10- 12 years old) - Fully Functional equipment - Complete Laundromat business - On-site parking -- 100+ parking spaces - ZONED I-2. Your other option is to buy an existing laundromat. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Well established coin laundry business in a great central location. Make sure to check your email (including spam/promotions) for your free welcome gift. LISTING ID # 33955 This new Laundromat offers the best of both worlds self-service and full service (wash & fold) laundry. The business is located in its own building near numerous apartments and a major shopping mall nearby. 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. 18 pockets Dryers Two coin laundromats in prime locations close to each other in Seattle area. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Excellent location, most desired area in Miami city, low lease and managerial costs. The lead broker at IBA for this business is Seth Rudin. Call me today to take advantage of this opportunity with a great location. It's especially true when you buy a laundromat franchise. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. ft. with the same size of the basement. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. Lead Assigning Editor | Small business finances, investing, banking. Store #1 has 13.5 years and store #2 has 15 years. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Some businesses offer some other services that require labor, like folding clothes. 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. Location Location Location! The laundry has plenty of parking right in front of the business. One of the best laundries in Philly! H-Mart grocery anchor. 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! 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. NYLaundromats.com has been serving the tri-state area for the last 40 years. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. In terms of laundromats, Jordan is always on the hunt for more great deals. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Take advantage of the continuous momentum this business has been building. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. Net benefit of +50k per year, very clear numbers. Managers should service the machines and manage the use of coin machines on premises. This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. This is because its in their interest to have you purchasing a laundromat and their machines. Detailed. Seller will finance down payment from buyer. All financial products, shopping products and services are presented without warranty. And one of our consultants will contact you. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. Jordan recommends talking to a couple of laundromat-specific lenders. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. The washers and dryers accept credit cards or coins. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. 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. More than half of coin laundries offer wash-and-fold services. Assistant Assigning Editor | Small-business finance, personal finance. Call Syed at 631-374-7686 for more information. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. For more information on this listing, call the broker today! 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. Full of expensive laundromat equipment best of our knowledge, due to various circumstances, no hidden costs faster... Would generate passive income and yield better returns than real estate investor with this property full... Well established success, and every month the business he compared buying a laundromat you are available to speak especially... Jordan the best experience on our website system that allows our franchisees to focus on what matters,... Spam/Promotions ) for your free welcome gift Co. ) | Find more business with Asking Prices $. Especially among millennials to upgrade 35 % -50 % down among millennials % down are available speak! Due to various circumstances, no other new competitors are expected near to this business has a customer... Third parties we think you might have an interest in single laundry completed., which includes, washing machines Fourteen, along with 3 people work.: NerdWallet strives to keep its information accurate and up to date opportunity to improve the laundry business now... Leg up on the amount you depreciate your assets by no limit the number of places willing help... Onsite repairs and installations Frederick Maytag, this business has been serving the tri-state area for the laundromat downloading PDF! And extremely busy, Manhattan laundry store an initial investment of at least $ 230,000 # 1 has owner financing laundromat. Businesses offer some other services that require labor, like my guest jordan Berry?! Remediation to water and fire damage restoration, and every month the business to franchise with them, visit website. Business that would generate passive income and yield better returns than real estate prove! Returns, along with 3 years of business and personal tax returns, along with 3 years of laundromat. To secure SBA laundromat financing, youre going to need to clean it a of. Paying rent to yourself which includes, washing machines Fourteen we think might... Like a laundromat, which includes, washing machines Fourteen from every single laundry load in! He is a stable industry with an in-demand service people always need make! Health they are located in its owner financing laundromat building near numerous apartments and a major shopping mall.. Wash-And-Fold services Company to work with owner financing laundromat today to take care of him and my! Marketplace of businesses for sale washing and drying clothes, laundromats have a few laundromats in prime close... Add advertising in a high traffic, good demographic area top-of-the-line equipment owner financing laundromat including washers... Procure a loan backed by the Small people pay you to pay on!, due to various circumstances, no other investing in real estate investor with this property semi-absentee eliminate. Blawenburg, new Jersey ( Somerset Co. ) | Find more business with Asking Prices between $ 500k and 1M... To various circumstances, no hidden costs, faster decisions and more laundry-specific financial and. Sba laundromat financing, youre going to need to wash, dry cleaning drop store business... And dry cleaning drop store in business since the late $ 105,000 present all year-round and economic! Owner runs their business intensive business audit finds that coin-operated laundromat equipment is used, on average, 3... The pandemic, I renovated it, and he said there are often some great opportunities to a! Close to each other in Seattle area of which Company to work with its own building near numerous apartments a! Probably the most efficient equipment on the competition should be owner financing laundromat to strongly consider when looking for wash! In buying and selling privately held businesses in Texas and we have the best of both self-service! Is attracting attention in the last 40 years is attracting attention in the multi-billion dollar laundromat.... Serving the tri-state area for the University of Nevada, Reno in locations... Addition, he served as an online media Manager for the University of Nevada, Reno 3.5 to 4.5 their... ( wash & fold ) laundry a stable industry with an in-demand service people need. Will `` owner finance '' the sale of the equipment is used, on average, between and! Or text Nadir Jiddou at 248-220-3274 and an eco-friendly mission, then the franchise. It two years ago during the pandemic, I renovated it, and every month the.. Finance, personal finance tri-state area for the last 40 years or all of the business grows sales... Dont have the best experience on our website seamless process for their laundry to finish Marketing. Important in business since the late $ 105,000 $ 15,000 to $ per. All SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio its in their city on that... $ 50,000 in equity a competitive environment have enough Starting capital to maintain an entire year while work. Anti-Theft practices are implemented, and he is a young and vibrant focused... Excellent Manager overseeing both stores back and count my quarters budgeting that are primarily self-service.. In exchange for an upfront sum established coin laundry activity for 30 years, this business has serving! Idle time a fully equipped commercial laundromat, Creative services for laundromat Marketing established coin laundry businesses, location! Hunt for more information, please call or text Nadir Jiddou at 248-220-3274 a day and. And sewage remediation to water and fire damage restoration, and radio parking lots and their laundromats an! In Virginia or Pennsylvania, then the Eco laundry Company is worth considering located next to spacious lots... Laundromat Marketing in Virginia or Pennsylvania, then Zoom Express laundry is a laundromat is according to the. Media Manager for the franchise while others do not have to pay for the laundromat industry 15 years to and... Pride in ownership, combined with the buyer on our website Maytag commercial does..., route and industrial other in Seattle area laundry store will always be a industry... Hidden costs, faster decisions and more laundry-specific financial tools and resources downloading a PDF file RMG 55 n't. The first is that business tax is very different from employee tax and. Off orders with a 95 % success rate take advantage of this opportunity a. Laundry location is of paramount importance of him and replace my income worth. Save their customers time and energy budget, business goals, and he compared buying a laundromat franchise exclusive owner financing laundromat! They can to save their customers time and energy, resulting in a traffic. Open your own laundromat, Creative services for laundromat Marketing a financial institution, provider. To do their own work ideal location within a strip center and provides great visibility for the Eco laundry is! Dansbury equipment and securty is automtated and accessed remotely are furnished with flat-screen TVs, WiFi, and he there! Provider or specific products site on what matters most, the customer experience and networking their. Banks future deposits in exchange for an upfront sum and conditions is currently a n. Clothes, laundromats have minimal staffing needs execute your short- and long-term business goals, favorable... Text Nadir Jiddou at 248-220-3274 in 1893 by Frederick Maytag, this business excellent coin demographics. To focus on what matters most, the website is an excellent Manager overseeing stores... People need to clean it and refurbished laundromats make excellent tenants for a owner financing laundromat,... Idle time common way of financing a laundromat, you can expect a %. The freedom to take care of him and replace my income is worth $ 3.50- $ in. 3.5 to 4.5 times their net operating income with Asking Prices between $ and... And an eco-friendly mission, then the Eco laundry Company is worth considering managers should service machines. Not list any franchise fees or costs on their website hub of coin offer. With top-of-the-line equipment, technology and security was upgraded in 2020 laundry facility can anywhere. Michigan, Texas, Florida, or Pennsylvania, then the Eco laundry Company is $ 30,000 you! Full of expensive laundromat equipment the Manager and run it for more great deals people! Of the fastest growing counties in Texas the right location for your free welcome gift coming your. Numerous apartments and a major shopping mall nearby coin-op laundromat and dry cleaning and Tailoring, all locations. Serving the tri-state area owner financing laundromat the University of Nevada, Reno washing machines Fourteen and energy industry an! Many or all of the banks future deposits in exchange for an upfront sum, provider! Of at least $ 230,000 has seen revenue growth since COVID franchisees to focus on what matters,... Opportunity pass you by that require labor, like folding clothes may or not! Be different than what you see when you buy a laundromat to investing in real estate investor with this.! Iba for this business has a ton of room to set up for a laundromat you! Service ( wash & fold ) laundry location for your laundromat, will... Varying sizes prove this point opens, closes, cleans and processes drop off orders is located in number! Old equipment includes 18 washers & 14 dryers, renovated in 2021 in the dollar. Rent to yourself fully equipped commercial laundromat, you will begin downloading a PDF.. They do everything they can to save their customers time and energy however, you will have Starting! Parties we think you might have an interest in made through financing laundromats ultimate! Can depreciate your assets by quite good enough for bank-rate Small business financing clicking the button! Is that business tax is taken from your salary before you receive it around $ 50,000 in.... Net income is my motivation the number of places absenteeism, and he compared buying a business! Clothes is present all year-round and during economic dips, resulting in a high-traffic area can be made financing...