Look no further than this well-established laundromat located in a high-traffic area. For more information about becoming a franchisee with this innovative brand, check out their website. $5000 down. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Rated 5 stars by its loyal customers. 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. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. Even with long store operating hours, you dont have to be on-site all day, every day. Great Neighborhood Laundromat with great parking. By submitting this form, you confirm that you agree to our terms and conditions. Robert Beaupre leads the SMB team at NerdWallet. In economic terms, the demand for washing clothes is inelastic. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. 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. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. Recently renovated with new machines in 2021 & 2022. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. There has been a major decline in home ownership especially among millennials. Seller will finance down payment from buyer. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. But, Im a lot older now , and understand things now better. $340,000.00 on Feb 3, 2023. Investment ranging $475,000 to $675,000. When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. Find out more about what we do with your information in our privacy policy. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. With their great rates and favorable terms, it makes sense to be an attractive source. SuperSuds does not list any franchise fees or costs on their website. Store #1 has 13.5 years and store #2 has 15 years. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. Very profitable and extremely busy, Manhattan laundry store. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Today's customers want better, faster, safer and newer! Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. With a strong reputation and steady income, this laundromat is a great investment opportunity. Pls, tell me how you handled the repairs? Are you convinced that the laundromat industry is right for you? 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. You can pick up where the previous owner left off and start collecting quarters the next day. Get to your goal faster and more easily with financing from Eastern Funding. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. One of the most fun parts of learning how to start a laundry business is choosing the business name. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. old. Call or email for more information. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. 18 pockets Dryers NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. 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. Serious inquiries only. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. This information may be different than what you see when you visit a financial institution, service provider or specific products site. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Located on the a main heavy street, it is in a mid-sized shopping center with easy access, plenty of parking and a located less than half mile from 4 apartments complexes(Falcon Heights, Gardenwood, Winton Gardens, and Castleview Apartments).Laundromat includes 31 washers, 23 dryers. holds its technicians to the highest standards in the field. All Rights Reserved. Gross Revenue: $372,000. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. - The wash, dry, and fold operator will pick up the laundry at the customers location. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. 3,200 sqftstore in high traffic, prime location with so much growth potential. 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. Our top priority is to guide you through a successful transaction we have the energy you need! pls , reply if you ,would love to hear how you handle the repairs. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. There is no limit the number of successful laundromat franchises you can own. Jordan recommends talking to a couple of laundromat-specific lenders. 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. But, I sold it. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Detailed, This will sell quickly! We recommend that you contact them through their website to further inquire. Store has 18 Washers & 14 Dryers, Renovated in 2021. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. Easy to manage business, ideal for starters and investors. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Most of the equipment is new and has been replaced in the last year. Staff in place. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Owner wants to retire. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. 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. When evaluating offers, please review the financial institutions Terms and Conditions. The laundry is partially attended, provides wash, dry and fold services and has systems in place to automatically unlock and lock the doors when the laundry is open for business. BusinessesForSale.com is committed to protecting your privacy. ft. with a mix of large commercial washers and dryers. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Buildings are built between 2002 and 2017. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. 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Their franchise fee runs at $39,500. Please provide, best date and times that you are available to speak. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. BusinessesForSale.com is the world's most popular website for buying or selling a business. This is the one you've been waiting for. However, there are many services you can offer and ways to generate additional income streams. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. By clicking the Download button below, you will begin downloading a PDF file. 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. We use cookies to to make sure you have the best experience on our website. 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. washer, Continental RMG040 The first is that business tax is very different from employee tax. 4 55 lb. Includes regular commercial clients. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. 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. And one of our consultants will contact you. You can head to their website to learn more about becoming a franchisee. Minimum liquid cash requirement: $300,000. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. 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. Express Laundry Center franchisees are not required to pay a franchise fee. 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Fire damage restoration, and fold operator will pick up the laundry the... To your goal faster and more button below, you dont have all their financial documentation order. Pls, tell me how you handle the repairs much growth potential customers want better, faster safer... Starting a laundromat business requires an investment in the field excellent trustworthy team with. Providing superior customer service and convenience average laundromat business requires an investment in initial!