Waranty still remains for major parts. Please provide, best date and times that you are available to speak. Store has 18 Washers & 14 Dryers, Renovated in 2021. With its well established success, and favorable demographic ensuring regular customers all year round. Laundromats are valued at around 3.5 to 4.5 times their net operating income. Find out more about what we do with your information in our privacy policy. Robert Beaupre leads the SMB team at NerdWallet. Profitable and growing laundromat / coin laundry in Frederick County. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. 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. With easy access to parking, this high traffic area has endless possibilities. There are a tons of apartment complexes around here. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. Im selling the real estate .60 acres and the business as one. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: info@easternfunding.com. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. 4 55 lb. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. However, talking about his experiences, Jordan called laundromats a tax advantage business.. The Best General Business Loan for Laundromats: SBA Loan. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. WebOwner Financing, Absentee laundry. Ive owned a laundromat in the past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill. Minimum liquid cash requirement: $300,000. A Small Business Administration loan is often seen as the best business loan around. For more information on this listing, call the broker today! We are changing the customer experience for good with a blend of innovation and excellence in customer care. Full staff opens, closes, cleans and processes drop off orders. However, there are many services you can offer and ways to generate additional income streams. The facility is approximately 1,800 square feet and is owned by the business owner. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. The owner is selling because his other business is much bigger (15x) and this takes too much time. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. Please provide, best date and times that you are available to speak. He wanted to spend more time with his family, and laundromats are the perfect business for that. Loyal client base and strong presence on internet search with many reviews. - The wash, dry, and fold operator will pick up the laundry at the customers location. I know because I was in your shoes. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. Rated 5 stars by its loyal customers. Some businesses offer some other services that require labor, like folding clothes. LISTING ID # 33117 Seller financing is available. 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. 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. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. 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. All equipment completely refurbished. old. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Theres also no need to panic during a recession. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! The laundry has plenty of parking right in front of the business. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. 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. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. Owner wants to retire. Both will typically be included in small business general liability insurance that you can get from trusted When evaluating offers, please review the financial institutions Terms and Conditions. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. ft. with the same size of the basement. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. WebLaundromat & Dry Cleaning Drop Store. 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. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. They do everything they can to save their customers time and energy. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if Call for detailed information regarding your next income producing business. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Very profitable and extremely busy, Manhattan laundry store. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. She is based in Santa Monica, California. 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. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. Laundromats are valued very differently from real estate. Excellent off street parking at both stores. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. This laundromat isnt cutting any corners in their efforts to be as green as possible. Most of the equipment is new and has been replaced in the last year. NYLaundromats.com has been serving the tri-state area for the last 40 years. Long lease The kind of High end service , that Manhattan customers expect. Even if people are cutting costs, clean clothes are still a daily necessity. This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. Obviously, there is some risk involved on their side. App Pay Payment System. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Laundry hook ups. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. WebEvery laundromat owner needs property and liability insurance. Make sure to check your email (including spam/promotions) for your free welcome gift. 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. Location Location Location! 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. 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. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. All financial products, shopping products and services are presented without warranty. 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