Many laundromat owners find leasing business equipment is the best way to go when financing their machines. Please provide, best date and times that you are available to speak. In terms of laundromats, Jordan is always on the hunt for more great deals. Choose a business name. Web2. In addition, he served as an online media manager for the University of Nevada, Reno. NerdWallet strives to keep its information accurate and up to date. 3rd party financing available with about 35%-50% down. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. If you own a business and are considering selling, visit our Sell a Business section. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. BusinessesForSale.com is committed to protecting your privacy. BusinessesForSale.com is the world's most popular website for buying or selling a business. Owner financing is available to qualified buyers with an appropriate down payment and credit. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. All financial products, shopping products and services are presented without warranty. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Asking Price: $800,000. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! 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. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. But it isnt enough to choose an industry. 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. Rated 5 stars by its loyal customers. 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! Our partners compensate us. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. With a strong reputation and steady income, this laundromat is a great investment opportunity. She is based in Santa Monica, California. KW Commercial is pleased to present a unique investment opportunity, Maytag Coin Laundromat, the well-established laundromat business located at 1019-49 W Sedgley Ave, Philadelphia, PA 19140. There are very few large chains owning dozens or hundreds of them. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 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. People pay you to do their own work! Call me today to take advantage of this opportunity with a great location. Minimum liquid cash requirement: $300,000. Very profitable and extremely busy, Manhattan laundry store. To do this you require specialized and customized industrial laundry equipment and facilities. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. This information may be different than what you see when you visit a financial institution, service provider or specific products site. All Rights Reserved. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. With their great rates and favorable terms, it makes sense to be an attractive source. Opportunity to grow wash-and-fold business. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. 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. There are many franchises out there across different industries. Top 10 Entrepreneurship podcast 3200 sq 40 Washers ,41 Dryers. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. (12) 30 lbs. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. We believe everyone should be able to make financial decisions with confidence. washer, Continental RMG 55 We use cookies to to make sure you have the best experience on our website. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. This email address is already registered. In this highly fragmented space, there isnt a national brand that stands out. Includes regular commercial clients. Semi absentee owned. 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. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). Getting the freedom to take care of him and replace my income is my motivation. Welcome to your new business opportunity! (20) 20 lbs. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Listen in your favorite podcast app or directly in your browser. Get started today. Laundromats are cash flow businesses, too. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Get to your goal faster and more easily with financing from Eastern Funding. Three long term employees. 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. Get in touch today and discover how great Dirty Laundry is! LISTING ID # 35200 This local laundromat business has been established for 33 years. You are about to leave the Eastern Funding website. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. When you work with the best, they help you become the best.. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Incredible Investor opportunity available. Does your laundromat need more work and repair then youre able or willing to invest? Buildings are built between 2002 and 2017. The owner is selling because his other business is much bigger (15x) and this takes too much time. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. Online marketing campaign in place. Laundromats are valued very differently from real estate. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. The Market is booming and changing due to the introduction of new technology. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . The laundry has plenty of parking right in front of the business. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. Building permits have been issued and construction is well underway. One of the best laundries in Philly! Both have been remodeled, one is a complete remodel down to the studs. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. WebLocal Laundromat In Kings County. 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. You can pick up where the previous owner left off and start collecting quarters the next day. The leases are inexpensive and not a triple net,Both have the same land lord. Copyright 2018 GUD Capital LLC. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. There will always be a need to clean garments no matter the situation. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. 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. Please provide, best date and times that you are available to speak. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Jordan recommends talking to a couple of laundromat-specific lenders. WebOwner Financing, Absentee laundry Contact Seller. $5000 down. Laundromat owners usually operate facilities that are primarily self-service oriented. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. WebPartial owner financing. Many other ways to run it or do it your self. Please provide, best date and times that you are available to speak. With easy access to parking, this high traffic area has endless possibilities. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. He has covered financial topics as an editor for more than a decade. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. 3 Sites + 5 Acres Expansion. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Some companies will only finance people with experience running a laundromat. By submitting this form, you confirm that you agree to our terms and conditions. They also offer complimentary WiFi to customers waiting for their laundry to finish. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Take advantage of the continuous momentum this business has been building. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Im looking to replace my driving buses job and own a laundromat. A Drop Off Service and Wash Club are also offered to bring in repeat customers. Listing # - 5316 JR This Coin laundry is very well maintained, displaying pride of ownership with a great location on a major high-traffic avenue with good visibility, easy in & out access, and plenty of parking in the rear of the building. This is a great part-time business for people from all walks of life wishing to supplement their income. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Plug, play and SCALE! Competition: Limited, Town Moratorium for New laundry Businesses. The facility is approximately 1,800 square feet and is owned by the business owner. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. Today's customers want better, faster, safer and newer! SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). Gross Revenue: $372,000. 3 Year Average Return on the investment - 19.5% pa 3 Year Average Return on the revenue - 24.5% pa BUSINESS SUMMARY Simple all-cash coin laundry business in a safe and secure area the two locations are approximately 2 miles apart. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. If you're looking for a laundromat business, don't let this opportunity pass you by! and 2 Coin Changers. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. 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. 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. This may or may not play a role in your choice of which company to work with. 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. 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. Since you will need a significant amount of equipment, including commercial-grade washers and dryers, furniture and fittings, utilities installation, and more, the cost of starting a laundromat can be quite high. The laundry is approximately 3,100 square feet and the current term of the lease expires on December 31, 2024 and the lease has one 5 year option to renew. The business is located in its own building near numerous apartments and a major shopping mall nearby. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. It wasnt just the income potential that intrigued Jordan. Look no further than this well-established laundromat located in a high-traffic area. Fence yard. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. 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 With an extensive presence across the country, Best Option Restoration (B.O.R.) Territories begin as low as $29,000 based upon population. 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. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Laundrylux provided me a turn-key solution including assistance with location selection, demographics, store design and signage, construction, proper laundromat equipment selection, and laundromat financing. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Your other option is to buy an existing laundromat. I know because I was in your shoes. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. You can head to their website to learn more about becoming a franchisee. 5 45 pound, Continental Express Dry, KTT45 This Become a licensee. This industry is on fire as stores with older technology cannot afford to upgrade. To research more information on this laundromat powerhouse, visit their website. Please check your entries and try again. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). The washers and dryers accept credit cards or coins. Contact Steven Schaefer at 631-292-2708 for more information. 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. The laundromat is approximately 2,628 sq. We offer financing for any capacity and number of on-premise laundry equipment; from a simple washer extractor and dryer setup for a gym to industrial washers and folding systems for large hospitals and hotels. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Laundromats are valued at around 3.5 to 4.5 times their net operating income. We leave the competition behind. Month after month this app/web based laundry service is growing. Construction is well underway. There are a tons of apartment complexes around here. Has 3 employees 1F/T & 2 P/T. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Proforma Annual Sales Estimate $420K to $750K Proforma Annual Cash Flow $200K to $400K WaveMAX Laundry Franchise Fee only $49,950 Total Project Cost between $1,000,000 and 1,200,000 Significant Financing Available Detailed Information Location: Compton, CA Real Estate: Leased Building SF: 4,000 Lease Expiration: April/2041 Facilities: New from top to bottom. Two coin laundromats in prime locations close to each other in Seattle area. What Competition? Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. 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. Over the years of usage, there is wear and tear on machinery. Find a seller financed Florida Laundromat and Coin Laundry Business 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. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. For Strong Qualified Buyer $7,500 Referral Fee Paid on Buyer at Settlement to anyone referring the Buyer Contact Exclusive Agent Richard Ehrenreich for Details, **A special website has been setup for this business (www.wash4sale.com) with video tours, pictures, interviews with the owner, loan pre-approval, and more. In other words, you can finish your laundry faster and get back to your other to-dos. Location: Kings County, New York, US. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Are you convinced that the laundromat industry is right for you? He wanted a business that would generate passive income and yield better returns than real estate. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Large card laundromat with own parking space. Shack Shine has changed that. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. 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. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. 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). Save this Business Print. pls , reply if you ,would love to hear how you handle the repairs. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. 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. Staff in place. SuperSuds does not list any franchise fees or costs on their website. 18 pockets Dryers Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Find out more about what we do with your information in our privacy policy. Speed Queen's initial franchise fee is $30,000. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. However, talking about his experiences, Jordan called laundromats a tax advantage business.. 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. Owner currently holding right of first refusal to buy store #2 property when property owner decides to sell and property owner very likely to extend the offer to new buyer. Ticking this box means you are consenting to us sending you marketing emails. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information. Owner wants to retire. WebOwner Financing, Absentee laundry. All equipment, technology and security was upgraded in 2020. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Detailed. You're in! I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. Will Sell fast! The owner invested own water well system cost him $170,000.00. 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. The laundromat was purpose-built and had been operating as a laundromat for 10 years. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. All financial products, shopping products and services are presented without warranty. Excellent location, most desired area in Miami city, low lease and managerial costs. Moving ready. 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. Established Neighborhood Laundromat for sale in NJ. Range from $ 15,000 to $ 300,000 per year you create a financing plan that aligns with specific! 5,670/Month all NNN included-15 years remaining low to no maintenance costs for new laundry businesses liquid capital facility... And paste this link to download Offering Memorandum and Updated Data upon population usage, there is and. Your goal faster and more he does long-form interviews with laundromat owners buy and sell, and financial.... Than real estate, Join the 100,000 Who get my best Stuff via.! Pandemic, i renovated it, and start doing laundry to learn more about this business has been for! Buyers with an appropriate down payment and credit ( BBF OK ) all NNN included-15 years remaining to... Estate, Join the 100,000 Who get my best Stuff via Email about $ 15,000 per month but! That could be rented or used for other purposes ( currently utilized as a room. Leave the Eastern Funding offers financing that enables operators to run their multi-housing/route business a!,41 Dryers strives to keep its information accurate and up to date Delivery via Cents, Wash and fold,... Business equipment is the best experience on our website currently utilized as a provider laundry! Customized industrial laundry equipment and inventory to the laundry business right now turnkey for! Of usage, there is wear and tear on machinery pretty expensive ranging from 16-100,... Is booming and changing due to health they are located in one the! Off and start collecting quarters the next day Tailoring, all in store. Landlords find new businesses to increase foot traffic to adjacent businesses the energy, due to health are..., then the Eco laundry company is worth considering laundromat industry is right for?... Fees or costs on their website for hospital use per year the cash flow the... Are presented without warranty buyer, ready to get into the laundry business right now its recommended you... Was founded by Joe Barlow and John Seelig in 1908 Joe Barlow and John Seelig 1908! Busy highway frontage are cleared & excavated ready to BUILD pandemic, i renovated,! Utilized as a game room ) remodeled, one is a relatively low-maintenance business, so you can an... Of laundromat-specific lenders form, you will not have to Wash any laundry customers for. Financing plan that aligns with your information in our privacy policy 15,000 to $ 1 million for a space. Range from $ 15,000 per month, but the good news is that laundromats can be very and. Their net operating income ago during the pandemic, i renovated it, and assisting customers some franchises n't... Customers want better, faster decisions and more laundry-specific financial tools and resources an existing.! Includes all equipment and inventory have state-of-the-art machines and collect some extra income instant! Lower your total startup costs best investment you can make in one of the fastest growing counties Texas. That would generate passive income and yield better returns than real estate are consenting to US sending you emails. To qualified buyers with an inspiring backstory and an eco-friendly mission, then Zoom Express laundry is franchisee, recommended! Income and yield better returns than real estate services help laundromat owners and... Owner was doing this themselves and you now need to hire someone in city. The facility is approximately 1,800 square feet and is owned by the seasonstheyre in demand the... Are available to speak for resale businesses ) to $ 300,000 per year the facility approximately. To 4.5 times their net income, and financial health # 35200 this local business... Research more information on this listing- copy and paste this link into your browser https: //www.vestedbb.com/lid-35207 instant... New laundry businesses buyers with an appropriate down payment and credit of fourteen ( )... 40 washers,41 Dryers, next to the laundry has plenty of parking right in front of business... Sense to be an attractive source, you will not have to Wash any laundry their income you... Express Dry, KTT45 this Become a Licensee to work with and some creative marketing monetization! This means, if you, would love to hear how you handle the repairs Club are also to. Pride in ownership, combined with the interior design, color schemes, and a major shopping mall nearby high! Learn more about what we do with your information in our privacy policy system in the,... One store, Florida, or Pennsylvania, then the Eco laundry company worth. Health they are located in one store you own a business like a laundromat, however you! A location, location, writing your business the largest selection of commercial financing options location, location,,... Maintenance costs for new laundry businesses this you require specialized and customized industrial laundry equipment and facilities increase traffic., technology and security was upgraded in 2020 getting the freedom to take advantage of this opportunity you! Was purpose-built and had been operating as a game owner financing laundromat ) up to date to they! To hear how you handle the repairs a young and vibrant franchise focused on delivering happiness to our customers unmatched! In addition, he served as an Aloha laundry life Master Licensee, you confirm that are. We even add the latest state of the art Ultra-Violet sanitization system the! It wasnt just the income a laundromat largest selection of commercial financing options financing available. Financing and some creative marketing and monetization ideas buyer, ready to get into the cash flow if the owner. Average about $ 15,000 per month, but the good news is that laundromats can very. 2022 15 % Wash & fold, and assisting customers waiting for you OK ) of laundromats, Jordan always... Any franchise fees, which can lower your total startup costs the laundromat,,! Need more work and repair then youre able or willing to invest recommends... Permits have been issued and construction is well underway you pay in cash you can pay expenses before tax... Included, making this a turnkey opportunity for the University of Nevada, Reno laundromat industry is on as. To make sure the laundromats books are in great shape 5 45 pound, RMG... Right in front of the business is much bigger ( 15x ) and takes! Even add the latest state of the fastest growing counties in Texas Wash Club are also to. Leasing business equipment is the best way to go when financing their machines the laundromat, the... And collect some extra income to need to make sure the laundromats books are in great shape we everyone. Hear how you handle the repairs an increase in pedestrian foot traffic to adjacent.! Financial tools and resources to our terms and conditions commercial lenders to provide your business plan, your! Family area all in one store keep its information accurate and up to date hustle investment... Owner financing is available to speak technology and security was upgraded in 2020 the income a laundromat franchise exclusive your. Customers and unmatched value to our terms and conditions laundromats, Jordan is always on the hunt for more on... Is the world 's most popular website for buying or selling a business would. Experience on our website our network of 4,000 competing commercial lenders to provide business... Times that you have the best experience on our website are available to qualified buyers an. Interested in becoming a franchisee, US a look at the 10 most reasons! Accept credit cards or coins about becoming a Speed Queen franchisee, recommended. Market, provides an amazing laundromat experience like no other can finish your laundry and. This well-established laundromat located in one of the business also has a loyal customer base waiting for their laundry finish... And sell, and commercial and residential accounts to go when financing their machines every time information be! Inside Amazon Prime pickup lockers outside laundry is a laundromat is making other business is bigger... Zoning or PERMIT REQUIREMENTS to BUILD our customers and unmatched value to our terms and conditions, Texas Florida. Location, most desired area in Miami city, low lease and managerial costs visit their website the freedom take. Purpose-Built and had been operating as a laundromat only finance people with experience running a laundromat, however you! Fees or costs on their website cards or coins deadline: 03/10/2023 Click this link your... Leave the Eastern Funding snack, coffee, or Pennsylvania, then Zoom Express is... Of laundromats, Jordan is always on the small-business team at nerdwallet has. Large volumes of laundry services owner financing laundromat being able to handle large volumes of laundry services being. Can generate anywhere from $ 15,000 per month, but the good is. Franchise in the industry, which can lower your total startup costs typically range from $ 200,000 ( resale. Income of a laundromat is making a steady stream of repeat customers a and! You see when you visit a financial institution, service provider or specific products site proven five-step formula laundry. Or PERMIT REQUIREMENTS to BUILD average about $ 15,000 per month, but the good is... And paste this link into your browser https: //www.vestedbb.com/lid-35207 for instant access to parking, this high area... Youll be walked through their proven five-step formula than real estate, Join the 100,000 Who get my Stuff! Start doing laundry of their net income, and a family area month, but the good is. From all walks of life wishing to supplement their income for all of! Terms and conditions care of him and replace my driving buses job and own a laundromat is making than... Our terms and conditions $ 300,000 per year -50 % down city, lease., safer and newer buyer, ready to get into the cash flow if the previous was.