5 45 pound, Continental Express Dry, KTT45 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. Business was developed 2010 and the lease is till 2030 with the option to extend. Location: Kings County, New York, US. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Serious inquiries only. Jordan said this means the market is very inefficient. Express Laundry Center franchisees are not required to pay a franchise fee. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Franchisees should have a minimum of $100,00 in liquid capital. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. 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. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. What this means is, most laundromat owners have a few laundromats in their portfolio. 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. Many laundromat franchises have these benefits, and more. I am willing to sell for appraised price if less then then my asking or agreed upon price. Plus, laundry care continues to be a growing industry. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. is a leader in the restoration industry. This $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Pls, tell me how you handled the repairs? We Fund Laundromats has one of the The monthly lease is $4,625.70 + taxes and other charges. The business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. Self service laundries historically perform very well during recessionary times! For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Does your laundromat need more work and repair then youre able or willing to invest? If youre still working on securing the capital, you might be confused by all the different funding options available. North Port, FL. A Drop Off Service and Wash Club are also offered to bring in repeat customers. 6 20 lb. Fantastic Hudson county laundromat! This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. $600 a month. 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. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. If want to tap into this lucrative industry and join a laundromat franchise, see below the benefits of owning a laundromat and a list of the top laundromat franchise opportunities. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. Wash Dry Fold Service can be added. 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. The Market is booming and changing due to the introduction of new technology. 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. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. laundromats experience an average cash-on-cash return on investment of 20-35% Coin laundries can generate anywhere between $15,000 and $300,000 per year. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. 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. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Incredible Investor opportunity available. When making a major business investment, you need an experienced partner you can trust. Unfortunately for banks, small businesses arent necessarily attractive to them. 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. LISTING ID # 35207 Well-established dry cleaning business in a prime location. One of the most fun parts of learning how to start a laundry business is choosing the business name. 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. Absentee management. The reason we are selling is multiple sclerosis. No thanks. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. 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. ft. with a mix of large commercial washers and dryers. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. When you open your own laundromat, you can expect a 20% to 35% Long lease The kind of High end service , that Manhattan customers expect. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. Great Neighborhood Laundromat with great parking. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. With an extensive presence across the country, Best Option Restoration (B.O.R.) Pre-qualified offers are not binding. Welcome to your new business opportunity! When operating a business like a laundromat, however, you can pay expenses before deducting tax. Great part time or absentee business has a good manager and employee in place that will stay with new owner. By submitting this form, you confirm that you agree to our terms and conditions. Asking Price: $800,000. with over 1,100 5-star ratings! All machines are in great condition. They both have options to continue into the future. She is based in Santa Monica, California. Heres how it works: - Customers choose the services they need and the closest available wash and fold operator in their area and schedule a pick-up on our exclusive Aloha Laundry Life Platform. New sign, new water heater, some recent remodeling Gross income 18k/month. The second way is that you can depreciate your machines and assets each year and effectively write off that value. Green Green Green! Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Very profitable and extremely busy, Manhattan laundry store. Laundromats are valued at around 3.5 to 4.5 times their net operating income. You are about to leave the Eastern Funding website. The success or failure of a laundry business depends on many location variables. Choose a business name. Only reason for selling is I have moved. Contact Steven Schaefer at 631-292-2708 for more information. WebOwner Financing, Absentee laundry. old. Financing available. 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. You can hire a few employees to manage the location during business hours. Loyal client base and strong presence on internet search with many reviews. 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. Our top priority is to guide you through a successful transaction we have the energy you need! Laundromats are cash flow businesses, too. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Please provide, best date and times that you are available to speak. NYLaundromats.com has been serving the tri-state area for the last 40 years. We will also send you information about related business and franchise events. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. What Competition? BusinessesForSale.com is committed to protecting your privacy. The owner invested own water well system cost him $170,000.00. Even with long store operating hours, you dont have to be on-site all day, every day. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Its as simple as that. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. You can create your own destiny. 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. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. Price Cut-$310,000.00 on December 13, 2022. 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. 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Surrounded by residential skyscrapers! How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. (954) 537-1643 . 54 Washers,56 Dryers. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. He has covered financial topics as an editor for more than a decade. With an increase in renters comes the need for coin-operated laundromats. pls , reply if you ,would love to hear how you handle the repairs. Professional staff in place: Owner typically only on premises once a week! On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. Rated 5 stars by its loyal customers. Look no further than this well-established laundromat located in a high-traffic area. The Best General Business Loan for Laundromats: SBA Loan. Laundrylux can fill your vacant space or renovate an aging store. If you're looking for a laundromat business, don't let this opportunity pass you by! Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Their franchise fee runs at $39,500. Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. 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. When you assume a loan, you dont originate a new loan, you simply transfer the old loan from the seller to you and you take over the payments. The benefit of assuming the existing loan as laundromat financing is that it is typically cheaper than starting a new loan and the business should be able to support it. You can pick up where the previous owner left off and start collecting quarters the next day. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. Rent is $5,000, with a 25 years lease. 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 For more information about becoming a franchisee with this innovative brand, check out their website. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Make sure to check your email (including spam/promotions) for your free welcome gift. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. Our Grand Reopening is slated for late October. 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. This email address is already registered. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. If you own a business and are considering selling, visit our Sell a Business section. All Rights Reserved. Web2. This business is suitable for a person who can develop a pick-up and delivery laundry service. LISTING ID # 35200 This local laundromat business has been established for 33 years. You can head to their website to learn more. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. To research more information on this laundromat powerhouse, visit their website. Four of the main ways he recommends raising finance are: Jordan said a lot of the companies supplying machines for laundromats will do a good deal on financing. And one of our consultants will contact you. State of the Art Electrolux Washers. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Many other ways to run it or do it your self. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. 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. This industry is on fire as stores with older technology cannot afford to upgrade. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. 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. 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. Dry Cleaners for sale come in a high-traffic area maintenance to onsite repairs and installations manager and in! When operating a business like a laundromat franchise exclusive to your area Memorandum and Data. If you, would love to hear owner financing laundromat you handled the repairs reply if you Find with... New York, US download Offering Memorandum and Updated Data, low,. 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