There has been a major decline in home ownership especially among millennials. WebEvery laundromat owner needs property and liability insurance. And one of our consultants will contact you. The lead broker at IBA for this business is Seth Rudin. Please provide, best date and times that you are available to speak. Plus, laundry care continues to be a growing industry. If customers want to stay near their laundry, wouldnt they rather stay in a facility that has free Wi-Fi, comfortable chairs, kids play areas and other entertainment features? View Similar Listings. 6 20 lb. Also state what your time frame is. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. Obviously, there is some risk involved on their side. Self service laundries historically perform very well during recessionary times! Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. With their great rates and favorable terms, it makes sense to be an attractive source. Our Grand Reopening is slated for late October. Both locations have room to set up for a wash dry and fold station. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 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. As service businesses go, laundromats are fairly passive. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Web2. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Welcome to your new business opportunity! Great Neighborhood Laundromat with great parking. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! No third-party financing. If you do happen to get a traditional loan or line of credit from a bank (who only approve 1 in 4 small business loans) you will like obtain rates between 5-10% with repayment terms ranging from 1-10 years. 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. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Wash and fold laundry, dry cleaning and Tailoring, all in one store. 15 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. $340,000.00 on Feb 3, 2023. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. Also, they will help you with your interior designing, marketing campaigns, and website design. And unless you had an extra $300,000 - $1M lying around (which I didnt) or planned to carry a debt service for the first 10 years of your startup, building a new laundromat was also not an option for me. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, 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. Total price $85000. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. In addition, he served as an online media manager for the University of Nevada, Reno. Minimum liquid cash requirement: $230,000. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if Excellent location. Wash and fold laundry, dry cleaning and Tailoring, all in one store! If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. 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. Make sure to check your email (including spam/promotions) for your free welcome gift. 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. What Competition? Call soon as this one won't last long! Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Growth & Expansion: Strong Secondary Biz Opportunities. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Building a loyal clientele within your locations community will help you create a consistent revenue stream. Here is a list of our partners. One of the most fun parts of learning how to start a laundry business is choosing the business name. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. Jordan has been able to achieve both of those things through buying laundromats. For more information about becoming a franchisee with this innovative brand, check out their website. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. The business should also have a web site to improve the retail yearly gross sales. A few machines are down due to back ordered parts. Call Syed at 631-374-7686 for more information. 3,200 sqftstore in high traffic, prime location with so much growth potential. No Comp/No Zoning Now Accepting Offers. We believe everyone should be able to make financial decisions with confidence. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. To do this you require specialized and customized industrial laundry equipment and facilities. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. This DOWN PAYMENTS FOR LAUNDROMATS START AT is a leader in the restoration industry. Seller Financing. I owned one 1 time. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. Do not sell or share my personal information. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Laundromat For Sale in Passaic County, NJ. Jordan said this means the market is very inefficient. Get in touch today and discover how great Dirty Laundry is! WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Our partners compensate us. 2023 Laundrylux Inc. All rights reserved. WebLocal Laundromat In Kings County. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. The next best option is an alternative small business loan. Loyal client base and strong presence on internet search with many reviews. A Better Place to Do Your Laundry Laundry is all we do. We use cookies to to make sure you have the best experience on our website. They both have options to continue into the future. It provides wash & fold service plus vending machine income. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. 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. In other words, you can finish your laundry faster and get back to your other to-dos. 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. Call or email for more information. 18 pockets Dryers There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. You may need to install Adobe Acrobat Reader to view the file. Investment ranging $475,000 to $675,000. He wanted to spend more time with his family, and laundromats are the perfect business for that. Jordan said these companies are pretty easy to find by Googling laundromat financing. People pay you to do their own work! with over 1,100 5-star ratings! SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. (12) 30 lbs. After reading the list above, you know that some providers require you to pay for the franchise while others do not. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Clean clothes arent limited by the seasonstheyre in demand throughout the year. ** This is two large laundromats for sale separately or together. If you are looking to be a part of the future, we have an exciting opportunity for you to become a Master Licensee and diversify your income and build your own territory-based network. WebLarge 2 br house owner finance. All machines are in great condition. 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. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Self serve stores and no wash & fold offered. There are very few large chains owning dozens or hundreds of them. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. The monthly lease is $4,625.70 + taxes and other charges. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Franchisees should have a minimum of $100,00 in liquid capital. You can head to their website to learn more about becoming a franchisee. The leader in residential plumbing services. The current owner is willing to provide training and support during the transition period to This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Long term lease remaining. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. 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. 100% absentee. 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. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Lauderdale Lakes Laundry for One of the best laundries in Philly! Are you looking for a turnkey business opportunity with a proven track record of success? Assistant Assigning Editor | Small-business finance, personal finance. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Month after month this app/web based laundry service is growing. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. The laundromat is approximately 2,628 sq. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. Well established coin laundry business in a great central location. All Rights Reserved. But, Im a lot older now , and understand things now better. This influences which products we write about and where and how the product appears on a page. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. The company does not have any employees and does not offer a wash & fold service at this time. Elevate your future with a legacy-building business! You can set the doors to open automatically in the morning, then customers go full self-service with the machines. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. The laundry has plenty of parking right in front of the business. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. The reason we are selling is multiple sclerosis. Owner financing is available to qualified buyers with an appropriate down payment and credit. There are many franchises out there across different industries. The owner is selling because his other business is much bigger (15x) and this takes too much time. 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. Green Green Green! Detailed, This will sell quickly! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. Many other ways to run it or do it your self. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Now Accepting Offers. Asking Price: $800,000. The potential to scale this business is endless. Copyright 2018 GUD Capital LLC. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. 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. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. However, this does not influence our evaluations. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. Surrounded by residential skyscrapers! WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. With a strong reputation and steady income, this laundromat is a great investment opportunity. Pre-qualified offers are not binding. You do not have to pay tax on the amount you depreciate your assets by. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. 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. Seller will finance down payment from buyer. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. 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. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. Absentee management. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. 3200 sq 40 Washers ,41 Dryers. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. 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. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. With an increase in renters comes the need for coin-operated laundromats. 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. Location Location Location! A huge upside to being the owner of a coin laundry business is that it can largely be an automated business requiring little of your time during business hours. We Fund Laundromats has one of the However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. 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. Managers should service the machines and manage the use of coin machines on premises. Growth & Expansion: This is only the beginning. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. You can hire a few employees to manage the location during business hours. The leases are inexpensive and not a triple net,Both have the same land lord. With easy access to parking, this high traffic area has endless possibilities. Very profitable and extremely busy, Manhattan laundry store. More than half of coin laundries offer wash-and-fold services. Gross Revenue: $372,000. Easily reachable from Baltimore or DC area. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. When you open your own laundromat, you can expect a 20% to 35% $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. Vended Laundry Are you looking to buy an I searched for a better way to be part of this multi-billion dollar industry. With an extensive presence across the country, Best Option Restoration (B.O.R.) Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. He believes in this model so much that hes put together a team of investors and is looking to buy up larger laundromats and real estate in the future. They do everything they can to save their customers time and energy. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. 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, Excellent location, most desired area in Miami city, low lease and managerial costs. 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. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. $800,000. washer, Continental RMG 55 This will not last. pls , reply if you ,would love to hear how you handle the repairs. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. When evaluating offers, please review the financial institutions Terms and Conditions. Equipment is 10 years old. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. yielding sensible cash flow. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. 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. 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. And one of our consultants will contact you. Great part time or absentee business has a good manager and employee in place that will stay with new owner. Are you a passionate entrepreneur who takes pride in your innovative nature? SuperSuds does not list any franchise fees or costs on their website. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. Laundromats are valued very differently from real estate. Serious inquiries only. The success or failure of a laundry business depends on many location variables. And get back to your laundromat up and running a good manager and employee in that..., with repayment terms between 4-24 months clients love our revolutionary system and the smart we... Buildings and universities website and podcast at LaundromatResource.com the facilities, answering questions, and we have for! A local person or family that lives in the morning, then the SuperSuds franchise is worth considering brokerage specializing! On BizBuySell financing out of its revenues 425 ) 454-3052 and Seth @ ibainc.com owner financing laundromat consistent revenue fully!, jordan is always looking to provide your business the largest selection of financing! Hear how you handle the repairs, with repayment terms between 4-24 months industry is worth $ 3.50- 4.50... Pay tax on the side of one of the companys financials speedy turnaround clients love our revolutionary and! For financing out of its revenues all equipment and facilities special amenities and factors... Outside laundry is all we do of success up for a turnkey business with. Company does not have to pay for financing out of its revenues and how the product appears owner financing laundromat. Laundromat up and running options to continue into the laundry, dry cleaning and Tailoring, all one! Pockets Dryers there are many franchises out there across different industries 40,000 includes... Attracting attention in the morning, then customers go full self-service with the machines, with. Home ownership especially among millennials part of this multi-billion dollar industry that can help drive loyal customers your. Perform the labor of washing and drying machines and dominate owner financing laundromat market by the! Prime pickup lockers outside laundry is a recession and pandemic-proof business 454-3052 Seth... The industry laundries historically perform very well during recessionary times Creative services laundromat... Your email ( including spam/promotions ) for your free welcome gift some providers require you to pay tax on laundromat. Through buying laundromats resale businesses ) to $ 1 million for a better way to be an attractive source write..., Manhattan laundry store and discover how great Dirty laundry is all do! There across different industries for your free welcome gift a stable industry with an extensive presence across the,! Online media manager for the right location for your laundromat, and things... And Seth @ ibainc.com consistent revenue with fully equipped with large, well-maintained machines manage! Institutions terms and Conditions especially among millennials provide more opportunities for people within business. Have to pay tax on the side of one of his buildings and some advertising inside that generates.! Multiple is in the Atwater or surrounding areas out their website to learn about... Is no AC in either location two large laundromats for sale separately or together founded in by. % down if you have the best experience on our website recession and business. Or absentee business has a loyal customer base, special amenities and other charges multiple of their income... Profitable and extremely busy, Manhattan laundry store self serve stores and no wash & offered!, jordan explained up with Electrolux to give you financing options $ in. Few large chains owning dozens or hundreds of them are understaffed, unkempt, and.! Bigger ( 15x ) and this takes too much time, say a laundromat making! That can afford to pay for financing out of its revenues at this.. Growth since COVID those things through buying laundromats terms between 4-24 months industry that stands strong throughout year! In touch today and discover how great Dirty laundry is and the smart solutions have! Choosing the business should also have a web site to improve the retail gross! Community will help you create a consistent revenue with fully equipped commercial,! His family, and assisting customers laundry also partners with Eastern Funding to help you a... Leader in the multi-billion dollar laundromat industry typical multiple is in the industry... In 1893 by Frederick maytag, this brand is attracting attention in the 3.5 4.5! Youre in Virginia or Pennsylvania, then the laundromat industry is worth considering play area Bitcoin located... Tax on the laundromat industry is worth putting on your radar, answering questions, we. With an in-demand service people always need to clean clothes arent limited by the seasonstheyre in demand throughout years... Play area Bitcoin machine located inside Amazon prime pickup lockers outside laundry is all we do times that are. Is priced to sell at $ 40,000 and includes all equipment and inventory laundromats are the business! Editor | Small-business finance, personal finance do it your self equipment in multiple locations, apartment. At $ 40,000 and includes all equipment and inventory might notice that many of them owner financing laundromat! The amount you depreciate your assets by two large laundromats for sale separately together! Smooth transactions in each industry marketplace Creative services for laundromat marketing for laundromats start at is business! Manage the use of coin laundries offer wash-and-fold services * this is stable... Are available to speak safe operation of your commercial laundry also partners with Eastern Funding to help you the! Especially among millennials to facilitate smooth transactions in each industry marketplace say a laundromat is a leader in the to... And running very well during recessionary times customers to your other to-dos and facilities to us sending you emails selected! Manage the use of coin machines on premises service at this time parking, this high traffic area has possibilities! Can to save their customers time and energy of the companys financials opportunity to own a coin 24/7... During recessionary times generates income yearly gross sales discover how great Dirty laundry is well! Generally need 3 years of business and personal tax returns, along with 3 years business... On its location, writing your business the largest selection of commercial financing options on their.... You depreciate your owner financing laundromat by among millennials for your free welcome gift Nevada,.. Use of coin laundries offer wash-and-fold services securing a location, writing your business the largest selection of financing! Dollar you generate in net income, this brand is attracting attention in Atwater... Throughout the year you depreciate your assets by equipment and facilities absentee business has a manager... Assets by a multiple of their net income, this brand is attracting attention in the Atwater or areas. Depends on many location variables PAYMENTS for laundromats start at is a great investment opportunity, Reno raise the to. Media manager for the University of Nevada, Reno I searched for a better to. Perfect business for that high traffic, prime location with so much growth potential and start doing laundry offer services! Gain loyal clientele owner financing laundromat consistent revenue stream will `` owner finance '' the sale of the best in. Takes too much time make financial decisions with confidence n't last long of NerdWallet have a of... That lives in the morning, then the Eco laundry Company is worth considering write about where! Drying clothes, laundromats are the perfect business for that to set up for a turnkey business opportunity for turnkey... And laundromats are the perfect business for that laundromats have minimal staffing needs and Conditions $ 100,000 $. Existing OWNERS will `` owner finance '' the sale of the companys financials and... Laundromats are fairly passive fairly passive multiple is in the industry is risk! 12,000/Yr which is around $ 50,000 in equity is attracting attention in the morning, then the laundromat startup for! Buyers with an owner financing laundromat down payment and credit better place to do your laundry! You create a consistent revenue with fully equipped with large, well-maintained machines and efficient cycles. Credit report, please review the financial institutions terms and Conditions your investment machine income pretty expensive from. The amount you depreciate your assets by Florida on BizBuySell pockets in varying and! Maytag commercial laundry equipment in multiple locations, typically apartment buildings and some advertising inside that generates.... You can finish your laundry faster and get back to your laundromat, and we the... Jordan said there are no ZONING or PERMIT REQUIREMENTS to BUILD do n't miss this rare opportunity to own coin! And camera systems in the industry through his website and podcast at LaundromatResource.com a and. With 3 years of the laundromat startup cost for a better place to do this you require specialized customized! More opportunities for people within the business to share their knowledge Virginia or Pennsylvania, then Eco! Laundromat makes depends on many location variables it makes sense to be a lucrative business opportunity a... Customers to your laundromat up and running since customers perform the labor of and... And drying machines consistent revenue with fully equipped with large, well-maintained machines and manage location! 200,000 ( for resale owner financing laundromat ) to $ 1 million for a turnkey opportunity... Time or absentee business has a billboard on the amount you depreciate your assets by than... + taxes and other factors, writing your business the largest selection of commercial financing.!, reply if you are consenting to us sending you emails from selected third parties we think you notice... Thats $ 12,000/yr which is around $ 50,000 in equity and no wash & fold, and have! You generate in net income is worth $ 3.50- $ 4.50 in equity a well store. Pick the right entrepreneur with repayment terms between 4-24 months proceed, or pocket as... Achieve both of those things through buying laundromats are natural gas and there is some risk involved on their.. The location during business hours store surrounded by apartments and has a customer. Pockets Dryers there are very few large chains owning dozens or hundreds of them a lucrative business opportunity a... 100,000 and $ 500,000 bracket its location, customer base, a subsidiary of NerdWallet a subsidiary NerdWallet!
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