Newer laundromat business by landlord in an urban city of Union County, New Jersey. Laundromats are great places for vending machines. Obtain financing You need capital to start and run a business. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. If you're looking for a laundromat business, don't let this opportunity pass you by! WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. 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. All equipment needed for a successful laundromat is included in the sale. Its as simple as that. 54 Washers,56 Dryers. Two coin laundromats in prime locations close to each other in Seattle area. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. 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. View Similar Listings. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. The next best option is an alternative small business loan. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. Franchisees should have a minimum of $100,00 in liquid capital. Full staff opens, closes, cleans and processes drop off orders. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. 3rd party financing available with about 35%-50% down. Great part time or absentee business has a good manager and employee in place that will stay with new owner. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. All machines are in great condition. 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. Learn more about how to get financing in our guide to laundromat business loans. Choose a business name. 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. He likes this option for first-time buyers as you get to not only leverage their finance but also their expertise in this area and industry knowledge. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Excellent location. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. 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. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. WebCoin Laundry Equipment Financing - Laundry Owners Warehouse Supplies Get Pre-Approved New Equipment Financing Made Simple New Equipment 100% Financing Fixed rates from 4.49% to 7.5% Up to 8 year term Installation & Delivery Included Used Equipment 100% Financing Fixed rates from 7.5% Up to 7 year term Installation & Delivery Included Your other option is to buy an existing laundromat. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. He wanted a business that would generate passive income and yield better returns than real estate. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. He wanted to spend more time with his family, and laundromats are the perfect business for that. There, he realized his purpose: to merge business with environmental consciousness. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Assistant Assigning Editor | Small-business finance, personal finance. Includes regular commercial clients. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. It provides wash & fold service plus vending machine income. We recommend that you contact them through their website to further inquire. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA Growth & Expansion: Strong Secondary Biz Opportunities. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. 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. 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. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. In this highly fragmented space, there isnt a national brand that stands out. With 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. Plus, laundry care continues to be a growing industry. Investment ranging $475,000 to $675,000. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Excellent off street parking at both stores. Established Neighborhood Laundromat for sale in NJ. There are plenty of advantages and disadvantages of franchising overall. This influences which products we write about and where and how the product appears on a page. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. WebLarge 2 br house owner finance. Jordan said these companies are pretty easy to find by Googling laundromat financing. He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. Absentee management. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. (954) 537-1643 . 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. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Ticking this box means you are consenting to us sending you marketing emails. Please provide, best date and times that you are available to speak. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Both have been remodeled, one is a complete remodel down to the studs. They do everything they can to save their customers time and energy. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Contact Steven Schaefer at 631-292-2708 for more information. 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. When evaluating offers, please review the financial institutions Terms and Conditions. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Buildings are built between 2002 and 2017. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. The washers and dryers accept coin and credit cards. 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. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. The monthly lease is $4,625.70 + taxes and other charges. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, 7 Best Laundromat Franchise Opportunities for 2022. Review the top laundromat franchise opportunities and learn about the benefits of owning a laundromat. Construction is well underway. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Call soon as this one won't last long! Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Many laundromat franchises have these benefits, and more. Laundromat For Sale in Passaic County, NJ. For more information about becoming a franchisee with this innovative brand, check out their website. This is a business sale, Leasehold included as part of the deal. The top laundromat franchise opportunities, 5 reasons to enter the laundromat industry, How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. Cool? All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. 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. He has covered financial topics as an editor for more than a decade. Lauderdale Lakes Laundry for WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. This business has a very stable and growing income. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan Do you have a sales background / skills, or are willing to learn; this is an incredible opportunity for them to build massive, passive residual income! 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.
owner financing laundromatNo comment