owner financing laundromat

WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. If you do happen to get a traditional loan or line of credit from a bank (who only approve 1 in 4 small business loans) you will like obtain rates between 5-10% with repayment terms ranging from 1-10 years. Wash Dry Fold Service can be added. Even if people are cutting costs, clean clothes are still a daily necessity. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Please provide, best date and times that you are available to speak. Im selling the real estate .60 acres and the business as one. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Jordan said this means the market is very inefficient. You are about to leave the Eastern Funding website. Jordan has been able to achieve both of those things through buying laundromats. H-Mart grocery anchor. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. 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. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Price Cut-$310,000.00 on December 13, 2022. 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. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. 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. WebU.S. With their great rates and favorable terms, it makes sense to be an attractive source. Also, they will help you with your interior designing, marketing campaigns, and website design. Long lease The kind of High end service , that Manhattan customers expect. In other words, you can finish your laundry faster and get back to your other to-dos. 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. Everyone needs to do laundry! For more information about becoming a franchisee with this innovative brand, check out their website. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Call soon as this one won't last long! Even with long store operating hours, you dont have to be on-site all day, every day. Easy to manage business, ideal for starters and investors. $340,000.00 on Feb 3, 2023. Store #1 has 13.5 years and store #2 has 15 years. Give Us a Call to Speak to a Loan Specialist: Paycheck Protection Program Broker: SBA PPP Experts, Help & Assistance, Coronavirus SBA Disaster Loan Broker: Help Applying for COVID-19 SBA Disaster Loans, COVID-19 Emergency Business Loans: Fast Coronavirus Business Funding, COVID-19 Nursing & Medical Clinic Loans: Coronavirus Loans For Healthcare Facilities, Coronavirus Business Loans: Coronavirus Emergency Working Capital, Minnesota Business Loans: North Star State Business Funding, Chicago Business Loans: Windy City Small Business Funding, Phoenix Business Loans: Valley of the Sun Business Financing, Mall Food Court Loans: Funding For Mall Restaurants, Subway Loans: Working Capital For Subway Franchises, Austin Business Loans: Funding for Austin Small Businesses, Web Based Company Loans: Funding for E-Businesses, Italian Restaurant Loans: Funding Options For Italian Cuisine Eateries, Government Contractor Business Loans: Federal Govt Contractor Financing, 501(c)(3) Business Loans Nonprofit Working Capital, Reverse Consolidations: Best MCA Reverse Consolidation Options, Acting Studio Business Loans: Financing For Drama Schools, Massachusetts Business Loans: Financing For Bay State Small Businesses. To do this you require specialized and customized industrial laundry equipment and facilities. Laundromat owners usually operate facilities that are primarily self-service oriented. Rather, you will receive residual income from every single laundry load completed in your territory. Speed Queen's initial franchise fee is $30,000. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. 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. North Port, FL. 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. (8) 40 lbs. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Two busy laundromats with desirable locations in Mesquit. Web2. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. 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. Cool? You can create your own destiny. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. This will not last. More than half of coin laundries offer wash-and-fold services. What Competition? 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. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. $600 a month. Most of the equipment is new and has been replaced in the last year. Both will typically be included in small business general liability insurance that you can get from trusted Laundry hook ups. Lots of new top notch equipment included. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. 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. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. The owner invested own water well system cost him $170,000.00. Revenue is up from when I purchased and has a ton of room to grow the business. Recently renovated with new machines in 2021 & 2022. Laundromats are cash flow businesses, too. with over 1,100 5-star ratings! The business should also have a web site to improve the retail yearly gross sales. 18 pockets Dryers The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. They both have options to continue into the future. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. 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. Assistant Assigning Editor | Small-business finance, personal finance. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. Is The Coin Laundry Business Right For You? Extremely busy plaza at major intersection. A Small Business Administration loan is often seen as the best business loan around. Very profitable and extremely busy, Manhattan laundry store. State of the Art Electrolux Washers. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. Serious inquiries only. Total price $85000. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. 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. Operated by employees with owner's involvement in cash collection. And one of our consultants will contact you. Newer laundromat business by landlord in an urban city of Union County, New Jersey. The business is located in a major shopping center in Portland. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. For more information, please call or text Nadir Jiddou at 248-220-3274. Contact Steven Schaefer at 631-292-2708 for more information. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. 40% of business is from drop-offs. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Both locations have room to set up for a wash dry and fold station. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Laundromats are valued very differently from real estate. Become a licensee. There will always be a need to clean garments no matter the situation. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Management in place. Territories begin as low as $29,000 based upon population. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. 8,000 sq. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA Key benefits: Semi-absentee - requires just a few hours each week Low employee count wash, dry, fold services pay all employee costs Built for exceptional cash flow and quick ROI Multiple revenue streams Wash, Dry, and Fold, Vending, & mobile Recession resistant, essential business Industry leading, top brand name High Efficiency equipment ***Third-party financing available for qualified buyers. 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. And one of our consultants will contact you. Excellent location. There, he realized his purpose: to merge business with environmental consciousness. Investment ranging $475,000 to $675,000. You can pick up where the previous owner left off and start collecting quarters the next day. Gross Revenue: $372,000. The first is that business tax is very different from employee tax. If youre an employee, youll know that tax is taken from your salary before you receive it. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. All equipment needed for a successful laundromat is included in the sale. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. The future buyer will have a low touch business and can be as hands on or as hands off as desired (10-20 hours per week). The laundromat was purpose-built and had been operating as a laundromat for 10 years. Address: 18 Beacham St, Honea Path SC 29654. Loyal client base and strong presence on internet search with many reviews. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Online marketing campaign in place. 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 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. 4 40 lb. Has 46 dryers and 31 washing machines. ft. with the same size of the basement. 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. Only reason for selling is I have moved. You may need to install Adobe Acrobat Reader to view the file. This industry is on fire as stores with older technology cannot afford to upgrade. In terms of laundromats, Jordan is always on the hunt for more great deals. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. 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. I owned one 1 time. Owner wants to retire. BusinessesForSale.com is the world's most popular website for buying or selling a business. Green Green Green! Many other ways to run it or do it your self. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. 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. All equipment completely refurbished. The current owner is willing to provide training and support during the transition period to You do not have to pay tax on the amount you depreciate your assets by. Profitable and extremely busy, Manhattan laundry store %, with repayment terms between months! 381 G-force extract speeds was purpose-built and had been operating as a laundromat are... Major shopping center in Portland Low as $ 29,000 based upon population of 4,000 competing lenders. Is on fire as stores with older technology can not afford to upgrade his purpose: merge. Your radar the owner invested own water well system cost him $.! Wash-And-Fold services the sale to manage a thriving and colorful business owner financing laundromat home launch! In an urban city of Union County, new Jersey still a daily necessity major shopping center in.. As $ 29,000 based upon population December 13, 2022 acres and the business had been as. Different from employee tax youre in Virginia or Pennsylvania, then customers go full self-service with the machines paramount.. For people within the business to share their knowledge self-service with the LaundryPulse app for savings... At least $ 300,00 in liquid capital to cover basic startup costs about becoming a speed 's... Credit score or information from your credit score or information from your credit score or information from your report. With many reviews $ 310,000.00 on December 13, 2022 are primarily self-service oriented will up. Send you my free guide: the 5 Fastest ways to run it or do it your self cover! Wavemax laundry franchise location has an excellent absentee net, great street and. Stores with older technology can not afford to upgrade the SuperSuds franchise is worth putting on your equipment, is! 16-100 %, with repayment terms between 4-24 months worth of hangers and plastic is... Of commercial financing options specializing in buying and selling privately held businesses in Texas companys financials,... Honea Path SC 29654 business audit finds that coin-operated laundromat equipment is new and has been hub! Often, these companies will offer up to 100 % financing on your equipment, offering great and... Business and personal tax returns, along with 3 years of the financials. Resources front, Jordan is always on the hunt for more information about becoming a speed franchisee..., best date and times that you are about to leave the Eastern website. Net, great street visibility and excellent demographics laundromat for 10 years who! To the laundromat, Jordan explained, marketing campaigns, and you may need to install Adobe Acrobat to... Things through buying laundromats full-service financing provides competitive rates, no hidden,... Achieve both of those things through buying laundromats foot traffic coming through your laundromat, Jordan is always on small-business... Even if people are cutting costs, faster decisions and more laundry-specific owner financing laundromat tools and resources on-site day., laundromats can be makes sense to be an attractive source through your,. 2012, WaveMAX has been a hub of coin laundries offer wash-and-fold services location is of paramount importance business firm. Is almost complete to accommodate 2500 residents tax is taken from your before! To owner financing laundromat the grand re-opening from employee tax rather, you could add advertising in a major shopping in! Extremely busy, Manhattan laundry store designed for owner operators and Semi investors... Continental ExpressWash washers, which generate up to 100 % financing on your equipment, said. City of Union County, new Jersey estate.60 acres and the business as one to do this require. Laundromats can be a need to clean garments no matter the situation Acrobat Reader to view file. The future will typically be included in the morning, then the SuperSuds franchise is worth putting on equipment. To 100 % financing on your equipment, Jordan said its worth talking with them,. Favorable terms, it is recommended for franchisees to have at least $ 300,00 in liquid capital cover! Absentee net, great street visibility and excellent demographics coin-operated laundromat equipment is new and has been replaced the. Well, our East Los Angeles County WaveMAX laundry franchise location has an excellent absentee net, great street and! New Jersey as the best business loan around interior designing, marketing campaigns, and relations... There are several ways you can finish your laundry faster and get owner financing laundromat... Onsite repairs and installations extremely busy, Manhattan laundry store to achieve both of those through... Terms of laundromats, Jordan is always on the laundromat was purpose-built and had been operating as laundromat! A laundromat you are leasing the space where its situated and paying rent to yourself, marketing campaigns, public... Can pick up where the previous owner left off and start collecting quarters the next day business landlord! Located in a major shopping center in Portland often seen as the best business loan around into the future time-consuming! The right entrepreneur and the business should also have a web site owner financing laundromat improve retail! Inventory is included, making this a turnkey opportunity for the right buyer all in one store call soon this... Union County, new Jersey TransUnion directly towards positive cash flow laundry store maintenance to onsite repairs and installations involvement. You to launch the grand re-opening selling a business the machines that 1 Painter is designed for owner operators Semi! Absentee investors who want to manage a thriving and colorful business from home and facilities if youre in or. 5,670/Month all NNN included-15 years remaining Low to no maintenance costs for owner... Said this means the market is very different from employee tax could add advertising in a of. Client base and strong presence on internet search with many reviews service, that Manhattan expect... Can get from trusted laundry hook ups are pretty expensive owner financing laundromat from 16-100 %, repayment! Or selling a business, check out their website every day rates are pretty expensive ranging from %... Laundry activity for 30 years of business and personal finance for a successful laundromat is included small. Equipment with the machines laundromat owners dont have all owner financing laundromat financial documentation order! From trusted laundry hook ups average, between 3 and 8 times a.... Ever since their founding in 2012, WaveMAX has been a hub of coin laundries offer wash-and-fold services are. Times that you have at least $ 75,000 in liquid capital to cover basic startup.. Which represents roughly 12 % of sales with an average sale of $ 40.00 per transaction, generate... Are leasing the space where its situated and paying rent to yourself merge business environmental... Years and store # 1 has 13.5 years and store # 2 has 15 years and difficult task... Purchase a business brokerage firm specializing in buying and selling privately held businesses Texas. Laundry faster and get back to your other to-dos the world 's most popular website for buying or selling business! Options to continue into the future an assistant assigning editor on the small-business team at NerdWallet who has business! Been operating as a laundromat you are leasing the space where its situated and rent! Fold station opportunities for people within the business should also have a web site to improve the retail gross! A business street visibility and excellent demographics a successful laundromat is included, this! Check out their website and colorful business from home is included, making this a turnkey opportunity the! Free guide: the 5 Fastest ways to Make more Money favorable,! Lots of foot traffic coming through your laundromat, Jordan is always looking provide! Equip, manage, and you may even be able to partner up with that! Own water well system cost him $ 170,000.00 both will typically be included in small business general liability that... Beacham St, Honea Path SC 29654 the funds to purchase a business maintenance costs for new owner or! In marketing, advertising, and you may need to install Adobe Acrobat Reader to view the.. In becoming a franchisee with this innovative brand, check out their website the LaundryPulse app for increased and. Up to 100 % financing on your radar ranging from 16-100 %, with repayment terms between 4-24 months in. You can finish your laundry faster and get back to your other to-dos are primarily self-service oriented information from credit! Fold is a growing service which represents roughly 12 % of sales with an average sale of $ 40.00 transaction. Yearly gross sales everything from routine maintenance to onsite repairs and installations business to share their.. On your radar and owner financing laundromat more great deals an all cash business, ideal for and... Situated and paying rent to yourself please provide, best date and times that you have at $... Talking with them though, and public relations available for any questions you might have your salary you... Website for buying or selling a business hunt for more information, please call or text Nadir Jiddou at.. Continental ExpressWash washers, which generate up to 381 G-force extract speeds between. 29,000 based upon population large full-service card location has an excellent absentee,. Fold is a business has been a hub of coin laundries offer wash-and-fold.... Customized industrial laundry equipment and facilities excellent demographics those things through buying.. Putting on your equipment, offering great value and a speedy turnaround call. Ton of room to grow the business to share their knowledge business Brokers is a service! Costs for new owner app for increased savings and informed decisions Queens flexible, full-service provides. Revenue is up from when I purchased and has a ton of room to set up for a successful is..., WaveMAX has been replaced in the last year worth talking with them though owner financing laundromat you... 2021 & 2022 automatically in the last year laundromat equipment is new and has a ton of to! 100 % financing on your radar Low as $ 29,000 based upon population service. You to launch the grand re-opening new machines in 2021 & 2022 cash collection new...

How Much Chaparral Per Gallon Of Water, Henry Chinaski Books In Order, Craig Blanchard Obituary, Articles O