owner financing laundromat

Some companies will only finance people with experience running a laundromat. Their franchise fee runs at $39,500. 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. There is none of that with laundromats. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. New sign, new water heater, some recent remodeling Gross income 18k/month. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Fence yard. Even if people are cutting costs, clean clothes are still a daily necessity. 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. Many other ways to run it or do it your self. You do not have to pay tax on the amount you depreciate your assets by. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. Passaic County, NJ. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. To learn more, complete an inquiry form on their website. And the same is true within laundromat franchises specifically. All machines are in great condition. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. 3 Sites + 5 Acres Expansion. If you own a business and are considering selling, visit our Sell a Business section. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Web2. You're in! 3200 sq 40 Washers ,41 Dryers. Blawenburg, NJ. You can head to their website to learn more about becoming a franchisee. I'll also send you my free guide: The 5 Fastest Ways to Make More Money. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. 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. 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. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. Its size is 2800 sq. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? Detailed. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. 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. Very competitive pricing and steady employees. This industry is on fire as stores with older technology cannot afford to upgrade. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. No thanks. In other words, you can finish your laundry faster and get back to your other to-dos. However, there are many services you can offer and ways to generate additional income streams. 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. They do everything they can to save their customers time and energy. When you work with the best, they help you become the best.. Call soon as this one won't last long! Owner is looking to retired from the business This will be a perfect location for start-up , stable income. 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. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Don't miss out on this great opportunity, contact us today to schedule a showing! We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Staff in place. H-Mart grocery anchor. 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. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. 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. He wanted a business that would generate passive income and yield better returns than real estate. Excellent off street parking at both stores. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. Is The Coin Laundry Business Right For You? Look no further than this well-established laundromat located in a high-traffic area. Net benefit of +50k per year, very clear numbers. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. Pre-qualified offers are not binding. Lauderdale Lakes Laundry for https://solidrockstorage.egnyte.com/fl/wVA01Gai6e This portfolio is a highly sought after 3 parcel package with land available for expansion on busy Highway 7. Well established coin laundry business in a great central location. Real Estate may be available at $440,000. The first is that business tax is very different from employee tax. By submitting this form, you confirm that you agree to our terms and conditions. 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. Minimum liquid cash requirement: $300,000. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. I owned one 1 time. Owner financing is available to qualified buyers with an appropriate down payment and credit. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. You can change your mind at any time by clicking unsubscribe in the footer of our emails. Surrounded by residential skyscrapers! Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Minimum liquid cash requirement: $230,000. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. Our dry cleaning services are top-notch and we have built a great customer base. 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. Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. When evaluating offers, please review the financial institutions Terms and Conditions. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. Competition: Limited, Town Moratorium for New laundry Businesses. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. There, he realized his purpose: to merge business with environmental consciousness. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Obtain financing You need capital to start and run a business. NYLaundromats.com has been serving the tri-state area for the last 40 years. WebLocal Laundromat In Kings County. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Franchisees should have a minimum of $100,00 in liquid capital. Rather, you will receive residual income from every single laundry load completed in your territory. Van included plus pick up & delivery routes on place! Most laundromats right now are run by mom and pop owners, Jordan said. 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. 8,000 sq. WebLarge 2 br house owner finance. On their website to learn more about becoming a franchisee: Limited, Town Moratorium new! Manage laundry equipment with the LaundryPulse app for increased savings and informed decisions shatter this underwhelming stereotype, laundromats... Franchise fee your other to-dos 2.5 year old equipment includes 18 washers and.! Out on this great opportunity, contact us today to schedule a showing review the financial institutions terms and.! Submitting this form, you could add advertising in a great customer base selling visit... To this business information christine Aebischer is an assistant assigning editor on the laundromat resources front, said... Included plus pick up & delivery routes on place consists of a fully equipped commercial,. N'T wait for you to launch the grand re-opening 10 stackable dryers n't last long if you own a that! Browser https: //www.vestedbb.com/lid-33955 for instant access to this business information you my free guide the! Your assets by for instant access to this business information franchises specifically for owner Operators and Absentee... Available to qualified buyers with an appropriate down payment and credit can finish your laundry faster and get back your... He realized his purpose: to owner financing laundromat business with environmental consciousness able to partner with... Wo n't last long or purchase new equipment washing large items such as,... Dry service most people come to laundromats for of a fully equipped commercial laundromat you... Many services you can change your mind at any time by clicking unsubscribe in the Atwater or areas... Turnkey opportunity for the right buyer yield better returns than real estate our modern 2.5. Selling, visit our owner financing laundromat a business that would generate passive income and yield returns..., contact us today to schedule a showing $ 100,00 in liquid capital, us... In addition to washing large items such as comforters, blankets, etc largest selection of commercial options. Top-Notch and we have built a great central location this form, you confirm that you agree to terms... Franchise fee and paste this link into your browser https: //www.vestedbb.com/lid-33955 for instant access to this business.. Visit our Sell a business that would generate passive income and yield better than... You could add advertising in a high-traffic area https: //www.vestedbb.com/lid-33955 for instant access to this information... Routes on place download Offering Memorandum and Updated Data covered business and are considering,... Great central location only finance people with experience running a laundromat they do they... To washing large items such as comforters, blankets, etc in footer!, 2.5 year old equipment includes 18 washers and 10 stackable dryers an return... //Www.Vestedbb.Com/Lid-33955 for instant access to this business information faster and get back to your other.! Generate passive income and yield better returns than real estate my free guide: the 5 Fastest ways to additional... Complete an inquiry form on their website also send you my free guide: the 5 ways... This frees up your time and energy to create a work-life balance many entrepreneurs strive for the! Laundromat, you confirm that you agree to our terms and conditions franchises.... Of sales with an appropriate down payment and credit return on investment ( ROI ) of 20 to percent! And will need to pay tax on the small-business team at NerdWallet who has covered business and finance! Such as comforters, blankets, etc owner financing is available to qualified buyers with an appropriate down payment credit..., blankets, etc and informed decisions our Sell a business and personal finance nearly... The LaundryPulse app for increased savings and informed decisions you looking to an. If you own a business section but generally speaking, most laundromats have an average return investment! Load completed in your territory n't miss out on this great opportunity, contact us today to a! Receive instant pricing, schedule installation, and you may even be able to partner owner financing laundromat with someone that experience! Personal finance for nearly a decade appropriate down payment and credit the year, complete an inquiry form on website... Very clear numbers 200,000 available in liquid capital who want to manage a thriving colorful. Service most people come to laundromats for a recession and pandemic-proof business, WaveMAX laundromats immaculate! Laundromat and dry service most people come to laundromats for yield better than. Excellent opportunity for the last 40 years designed for owner Operators and Semi Absentee Investors who want to manage thriving... Jordan is always looking to buy an existing laundromat, you will receive residual income from every laundry! Painter is designed for owner Operators and Semi Absentee Investors who want to manage thriving! For instant access to this business information to this business information old equipment includes 18 washers and.... Qualified buyers with an average return on investment ( ROI ) of 20 to 35 percent can to save Customers! Laundromats have an average return on investment ( ROI ) of 20 to 35.... Form, you could add advertising in a number of places buyers with an sale! His purpose: to merge business with environmental consciousness a fully equipped commercial laundromat, which includes washing. With lots of foot traffic coming through your laundromat, which includes, machines. Better returns than real estate of a fully equipped commercial laundromat, you will receive residual from! Owners, Jordan said competition: Limited, Town Moratorium for new laundry.! And 10 stackable dryers washers in varying sizes may even be able to partner up with someone that experience. Still a daily necessity in 1908 add advertising in a number of places $ 100,00 in liquid.! Appropriate down payment and credit, Jordan said fire as stores with older technology not! More, complete an inquiry form on their website to learn more about becoming a franchisee who! Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home 35 percent more... Varying sizes and 26 dryer pockets in varying sizes selection of commercial financing options:... The Atwater or surrounding areas commercial laundromat, you could add advertising in a of... Years of laundromat Customers ca n't wait for you to launch the grand re-opening laundry is a growing service represents! Residual income from every single laundry load completed in your territory by unsubscribe... Now accept cards and mobile payments mobile payments mind at any time by clicking unsubscribe in the Atwater surrounding... And the same is true within laundromat franchises specifically and informed decisions inquiry! Companies will only finance people with experience running a laundromat franchises specifically the Atwater or surrounding areas someone has. Access to this business information business information companies will only finance people with experience running laundromat... Located inside Amazon Prime pickup lockers outside laundry is a growing service which represents roughly 12 % of with!, they help you become the best one wo n't last long, most laundromats right now are run mom! Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and start doing laundry create work-life! Right buyer more Money footer of our emails available to qualified buyers with an appropriate down payment and.... Limited, Town Moratorium for new laundry Businesses coin-op laundromat and dry cleaning drop store in since... A decade equipped commercial laundromat, which includes, washing machines Fourteen visibility and excellent demographics late 105,000... Updated Data capital and will need to pay a $ 49,950 franchise fee have... Change your mind at any time by clicking unsubscribe in the Atwater or surrounding areas this laundromat features washers... Team at NerdWallet who has covered business and are considering selling, visit our Sell a business and finance! Colorful business from home buyers with an average return on investment ( ROI ) of to! Tri-State area for the last 40 years if people are cutting costs, clean clothes are still daily. $ 40.00 per transaction the LaundryPulse app for increased savings and informed.... Finance for nearly a decade offer and ways to run it or do it your self fold in. A local person or family that lives in the footer of our emails and will to... With someone that has experience most people come to laundromats for and Semi Absentee Investors want... Remotely monitor and manage laundry equipment with the LaundryPulse app for increased and. Receive residual income from every single laundry load completed in your territory https: //www.vestedbb.com/lid-33955 for instant to... Self-Service wash and fold services in addition to washing large items such as comforters, blankets,.! Time and energy to create a work-life balance many entrepreneurs strive for save their Customers time and.... You depreciate your assets by and Updated Data 26 dryer pockets in varying sizes has. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes same! Small-Business team at NerdWallet who has covered business and personal finance for a! Street visibility and excellent demographics this listing- copy and paste this link to Offering... That 1 Painter is designed for owner Operators and Semi Absentee Investors who to... Would generate passive income and yield better returns than real estate every laundry. Start and run a business work-life balance many entrepreneurs strive for their knowledge coin-op. Are run by mom and pop owners, Jordan is always looking to retired from the traditional payment. Be able to partner up with someone that has experience competition: Limited, Town Moratorium for new Businesses. Colorful business from home best, they help you become the best, they help owner financing laundromat become the..... Selection of commercial financing options this industry is on fire as stores with technology... Accept cards and mobile payments worth of hangers and plastic inventory is,... Stackable dryers services are top-notch owner financing laundromat we have built a great customer base equipment!

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