Theres also no need to panic during a recession. Been turned down? 3200 sq 40 Washers ,41 Dryers. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. Location: Kings County, New York, US. Laundromats are valued very differently from real estate. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. All financial products, shopping products and services are presented without warranty. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. 6 20 lb. 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. Cool? You may need to install Adobe Acrobat Reader to view the file. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. Obtain financing You need capital to start and run a business. This will not last. Jordan has been able to achieve both of those things through buying laundromats. 4 40 lb. Call soon as this one won't last long! Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Wash and fold laundry, dry cleaning and Tailoring, all in one store! 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. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Established in 1996, the website is an international marketplace of businesses for sale. 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. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Buyers must be well-qualified. 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. (954) 537-1643 . 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. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. 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). $340,000.00 on Feb 3, 2023. Please check your entries and try again. 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. 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! There are plenty of advantages and disadvantages of franchising overall. Some businesses offer some other services that require labor, like folding clothes. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. 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. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. WebWith a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. Today's customers want better, faster, safer and newer! The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. DOWN PAYMENTS FOR LAUNDROMATS START AT 4,200 Sf 60k card system installed in - Jan of2022 . Financing available. SuperSuds does not list any franchise fees or costs on their website. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. Real Estate may be available at $440,000. To find out about this listing and other Laundromat opportunities talk to a Laundromat professional @ NYLaundromats.com 1982-2022, 40th Year Anniversary, New York Laundromat Exchange $628,000 Cash Flow: $155,012 A Small Laundromat, People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. ft. - Renovated with new machines, floors, counters, paint, etc in 2021 - 52 Washers 20lb to 100lb (several huge washers) - 58 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, excellent parking with ramp - Surrounded by apartments - Excellent staff thats been in-place 5+ years - Digital POS system that manages inventory Location #2 (Pasadena) - Price $1.0M | Cashflow: $160K - We invested $1.5M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Huge store. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. They do everything they can to save their customers time and energy. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. You do not have to pay tax on the amount you depreciate your assets by. With a strong reputation and steady income, this laundromat is a great investment opportunity. with over 1,100 5-star ratings! Dont Wait- This Store Will Be Gone Soon! The laundromat is approximately 2,628 sq. 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. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. And one of our consultants will contact you. The leader in residential plumbing services. Staff in place. Two busy laundromats with desirable locations in Mesquit. privacy policy. WebLaundromat & Dry Cleaning Drop Store. WebPartial owner financing. 5 45 pound, Continental Express Dry, KTT45 Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Professional staff in place: Owner typically only on premises once a week! Great part time or absentee business has a good manager and employee in place that will stay with new owner. Growth & Expansion: This is only the beginning. Some companies will only finance people with experience running a laundromat. A Drop Off Service and Wash Club are also offered to bring in repeat customers. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Equipment is 10 years old. 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. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers. Shack Shine has changed that. 3,200 sqftstore in high traffic, prime location with so much growth potential. Elevate your future with a legacy-building business! Easy to manage business, ideal for starters and investors. Laundromats are cash flow businesses, too. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Im looking to replace my driving buses job and own a laundromat. If you own a business and are considering selling, visit our Sell a Business section. Minimum liquid cash requirement: $100,000. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. Three long term employees. The leases are inexpensive and not a triple net,Both have the same land lord. Also, they will help you with your interior designing, marketing campaigns, and website design. The next best option is an alternative small business loan. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Here is a list of our partners. WebOwner Financing, Absentee laundry. This is largely due to the continuous demand for clean clothes. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. WebAt Eastern Funding, we offer financing solutions for all segments of laundry including vended, on-premise, route and industrial. More than half of coin laundries offer wash-and-fold services. Basically, anything that requires coins to use, you can add inside your laundromat. Web2. 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. 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