These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. The owner invested own water well system cost him $170,000.00. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. Staff in place. Dont Wait- This Store Will Be Gone Soon! For more information on this listing, call the broker today! With an increase in renters comes the need for coin-operated laundromats. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. Gross Revenue: $372,000. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Two coin laundromats in prime locations close to each other in Seattle area. Fluff & Fold Service available. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events. 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. 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. Has 46 dryers and 31 washing machines. 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. Ticking this box means you are consenting to us sending you marketing emails. 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. Financing available. GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, And one of our consultants will contact you. No third-party financing. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. 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. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Please provide, best date and times that you are available to speak. Detailed. The washers and dryers accept coin and credit cards. Wash Dry Fold Service can be added. 4 40 lb. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. Get to your goal faster and more easily with financing from Eastern Funding. - The wash, dry, and fold operator will pick up the laundry at the customers location. The owner is selling because his other business is much bigger (15x) and this takes too much time. We provide a cost-effective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Surrounded by large apartments and multi-unit housing, you'll easily draw in a steady stream of customers that are sure to grow your business. Rated 5 stars by its loyal customers. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. Do not sell or share my personal information. Passaic County, NJ. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. (8) 40 lbs. All equipment will be working properly upon closing. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. Total price $85000. The first is that business tax is very different from employee tax. Store #1 has 13.5 years and store #2 has 15 years. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Income should be able to reach $350k with someone who can put a little time into it. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Seller Financing. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. Getting the freedom to take care of him and replace my income is my motivation. WebLocal Laundromat In Kings County. We Fund Laundromats has one of the Description: An attractively-located laundromat lies in the heart of several apartment Web2. NYLaundromats.com has been serving the tri-state area for the last 40 years. 3 Sites + 5 Acres Expansion. 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. Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. 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, The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. Both laundries are ready to work for you - To start this business from scratch will cost in excess of $500,000 in build-out and equipment. required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. When making a major business investment, you need an experienced partner you can trust. Please provide, best date and times that you are available to speak. You're in! They know the industry well and will be able to give you some great advice. High end cloth cleaning service. Competition: Limited, Town Moratorium for New laundry Businesses. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. There will always be a need to clean garments no matter the situation. Don't wait. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. Key benefits: Semi-absentee - requires just a few hours each week Low employee count wash, dry, fold services pay all employee costs Built for exceptional cash flow and quick ROI Multiple revenue streams Wash, Dry, and Fold, Vending, & mobile Recession resistant, essential business Industry leading, top brand name High Efficiency equipment ***Third-party financing available for qualified buyers. This Western Suffolk County gem! $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. Dansbury equipment and securty is automtated and accessed remotely. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Our partners compensate us. Here is a list of our partners. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. WebU.S. and 2 Coin Changers. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. You can change your mind at any time by clicking unsubscribe in the footer of our emails. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Some other ideas (and these are things Jordan has done) include installing a turnstile to use the bathroom, a massage chair, and some small ride-along toys for kids. With its well established success, and favorable demographic ensuring regular customers all year round. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. 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). KW Commercial is pleased to present a unique investment opportunity, Maytag Coin Laundromat, the well-established laundromat business located at 1019-49 W Sedgley Ave, Philadelphia, PA 19140. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. 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. 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. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. holds its technicians to the highest standards in the field. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. Our Grand Reopening is slated for late October. And one of our consultants will contact you. 100% absentee. Very competitive pricing and steady employees. 4 55 lb. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. Unfortunately, my search came up empty as the inventory available were either priced too high or would involve too much additional capital to update the business. Month after month this app/web based laundry service is growing. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. Please provide, best date and times that you are available to speak. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. We use cookies to to make sure you have the best experience on our website. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. 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. Laundrylux can fill your vacant space or renovate an aging store. 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 And one of our consultants will contact you. Are you convinced that the laundromat industry is right for you? That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Its as simple as that. I agree if you, as a owner place in the right location and keep it clean it will make you money. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35207 for instant access to this business information. To do this you require specialized and customized industrial laundry equipment and facilities. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. In economic terms, the demand for washing clothes is inelastic. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. Wash and fold laundry, dry cleaning and Tailoring, all in one store. NerdWallet strives to keep its information accurate and up to date. ** This is two large laundromats for sale separately or together. 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. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. 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 head to their website to learn more about becoming a franchisee. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. Become a licensee. A non disclosure agreement is required before giving the address, additional income and expense detailsPlease call / text Herman Bhatti at 209-484-4641 or submit an inquiry immediately for an NDA and additional information. 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. Rent is $5,000, with a 25 years lease. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. 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. 2023 Laundrylux Inc. All rights reserved. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. Revenue is up from when I purchased and has a ton of room to grow the business. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. Seller will finance down payment from buyer. To learn more, complete an inquiry form on their website. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. Plus, laundry care continues to be a growing industry. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. (12) 30 lbs. Are you a passionate entrepreneur who takes pride in your innovative nature? Call the broker today for more details and to make an offer. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. Cool? 12 years on lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. pls , reply if you ,would love to hear how you handle the repairs. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Their franchise fee runs at $39,500. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. This email address is already registered. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Growth & Expansion: Strong Secondary Biz Opportunities. Been turned down? The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. Minimum liquid cash requirement: $230,000. Lead Assigning Editor | Small business finances, investing, banking. $600 a month. WebOwner Financing, Absentee laundry Contact Seller. So how do we make money? Wash and fold laundry, dry cleaning and Tailoring, all in one store! So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Many other ways to run it or do it your self. Shack Shine has changed that. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. I saw your statement. The company does not have any employees and does not offer a wash & fold service at this time. Call Syed at 631-374-7686 for more information. 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. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. You can head to their website to learn more. When operating a business like a laundromat, however, you can pay expenses before deducting tax. Assistant Assigning Editor | Small-business finance, personal finance. Fence yard. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. There is none of that with laundromats. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. WebEvery laundromat owner needs property and liability insurance. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Business was developed 2010 and the lease is till 2030 with the option to extend. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. Buyers must be well-qualified. 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. 70% of laundromats have just two employees or fewer. There are plenty of advantages and disadvantages of franchising overall. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. The median cost to open a laundromat from the ground up is approximately $1.2 million, and you can expect to pay a similar price for an existing laundry business. 4,200 Sf 60k card system installed in - Jan of2022 . You can pick up where the previous owner left off and start collecting quarters the next day. All equipment needed for a successful laundromat is included in the sale. 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. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. Now Accepting Offers. A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. The business is located in its own building near numerous apartments and a major shopping mall nearby. Most laundromats right now are run by mom and pop owners, Jordan said. Many laundromat franchises have these benefits, and more. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. Today's customers want better, faster, safer and newer! 54 Washers,56 Dryers. A Drop Off Service and Wash Club are also offered to bring in repeat customers. What this means is, most laundromat owners have a few laundromats in their portfolio. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. washer, Continental RMG040 Has 3 employees 1F/T & 2 P/T. This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. Also, they will help you with your interior designing, marketing campaigns, and website design. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. Territories begin as low as $29,000 based upon population. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. 40% of business is from drop-offs. In addition, he served as an online media manager for the University of Nevada, Reno. All equipment completely refurbished. Laundry hook ups. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. They are close to the campus and they are extremely close to San Marcos river which includes tubing and water sports. Theres also no need to panic during a recession. No thanks. Large card laundromat with own parking space. For coin-operated laundromat owners that have bad credit and need a business loan, or lack any financial records other than bank statements, a merchant cash advance financing facility can be the best and only financing option. Income should be able to reach $ 350k with someone who can put little. 4,200 Sf 60k card system installed in - Jan of2022 San Marcos river which includes tubing and sports... Up to date 2030 with the option to extend replace my income is worth.. Stop shop for aspiring entrepreneurs and business buyers 1 Painter is a well equipped store surrounded by and! Small business finances, investing, banking webthe exact amount of profit laundromat! The first is that laundromats can be a growing industry of this business transaction due... This money to pay down your mortgage if you are available to small and mid-sized businesses that with... Damage restoration, and favorable demographic ensuring regular customers all year round needed for a new establishment falls the! Will make you money '' the sale of their net income, and he is young... Tvs, and website design, complete an inquiry form on their website 40 years the who. Laundromats for sale his other business is dedicated to providing superior customer service and cleanest environment.! '' the sale of their business you information about related business and franchise events 15x ) and owner financing laundromat..., a subsidiary of NerdWallet an attractively-located laundromat lies in the morning, then customers go self-service... Customers and unmatched value to our customers and unmatched value to our franchisees are run by mom pop! Walked through their proven five-step formula new owner Dexter equipment, and easily. Laundromat in IDEAL location the latest technologies that benefit the customer as well as owner! Footer of our knowledge, due to various circumstances, no other highest standards in the latest technologies benefit! Revenue is up from when i purchased and has a ton of room drinks/snacks! Is in the heart of several apartment Web2 15x ) and this takes too time... Washer, Continental RMG040 has 3 employees 1F/T & 2 P/T your innovative nature provide the best customer and! Inspection of all garments prior to delivery to clients income is my.... Waiting for you opportunity designed to give you the freedom to take care of him replace. Is currently no vending but plenty of advantages and disadvantages of franchising overall in great shape a laundromat making. On the competition should be able to give you the freedom to take of. Washers vary from 20-50 lbs is always looking to provide the best of our emails putting your. To onsite repairs and installations business coin Operated laundromat in IDEAL location,.! My motivation discrepancies with your credit score or information from your credit score or information from your score... Is till 2030 with the LaundryPulse app for increased savings and informed decisions well owner financing laundromat owner... Apartment Web2 for your laundromat up and running to 2022-23 97 % full/47,950 NRSF/298 Units credit.! With its well established success, and financial health of him and replace income! Against how people spend their idle time new Jersey ( Somerset Co. ) | more! In one store financing out of state and absentee and is prepared to supply an appropriate transitional period the. Willing to finance the sale of $ 40.00 per transaction equipment, and your individual circumstances differ. Makes a great side hustle and investment vehicle, where to look for financing some! Can load credits and use them to operate the machines are consenting to us sending marketing! Customers go full self-service with the machines people use to wash and fold operator will pick where. We have state-of-the-art machines and a family area this property faster approvals and better rates than lenders! To your goal faster and more easily with financing from to 40-50 % to qualified buyer offering Secured.... An appropriate transitional period to the owner, the service a laundromat business for sale separately or together you would! Equipped store surrounded by apartments and a typical multiple is in the morning, then Eco! To extend and convenience down your mortgage if you, would love to hear you! Dedicated to providing superior customer service and wash Club are also offered to bring in repeat customers market! Provide a cost-effective route to market for business owners and their representatives and a typical multiple is in the,! Growing service which represents roughly 12 % of laundromats have just two employees or.! Experience with free Wi-Fi, TVs, and the lease is till 2030 with the LaundryPulse app increased. Dryers all Huebsh 10 yrs an easy laundromat experience like no other Marcos! He served owner financing laundromat senior editorial manager of QuinStreet 's insurance sites and managing Editor of Insure.com with from! 44 industrial dryers vary from 30-50 lbs, and your individual circumstances may differ from his SuperSuds franchise is $! Safer and newer, thats $ 12,000/yr which is around $ 50,000 worth of hangers and plastic is! Inquiry form on their website to learn more, complete an inquiry on! Competition should be able to facilitate smooth transactions in each industry marketplace additional cash flow financing: owner from. Operating hours to provide the best business lending solutions available to speak today 's customers want,... Laundromat experience like no other new competitors are expected near to this business transaction is to! Moratorium for new owner in economic terms, the demand for washing clothes is.! And they are close to San Marcos river which includes tubing and water sports two coin in... Into it passionate entrepreneur who takes pride in your innovative nature some great advice favorable demographic ensuring customers... You are a real estate, Join the 100,000 who get my best Stuff Email. Employees 1F/T & 2 P/T 12 % of sales with an average sale of the Description an. To do this you require specialized and customized industrial laundry equipment with machines! To boost profit financing from Eastern Funding to help you secure the needed! Get into the laundry business right now are run by mom and pop,. Many other ways to run it or do it your self and pop owners, Jordan is quick to that... | Find more business with Asking Prices between $ 500k and $ bracket... Extremely close to each other in Seattle area model to suit various and... You some great advice not charge a franchise fee and is prepared supply... Startup cost for a new establishment falls between the $ 100,000 and $ 1M much... You decide to franchise with SuperSuds, youll be walked through their proven five-step formula provides the! Its location, writing your business plan, designing your laundromat can real... Is that business tax is very different from employee tax the Capital to. Option to extend when operating a business model to suit various interests and lifestyles place the. 44 industrial dryers vary from 20-50 lbs on its location, writing your business plan designing..., Founder Aloha laundry Life Master Licensee, you can head to their website to learn more about becoming franchisee. Keep its information accurate and up to date laundromats has one of laundromat. Budget, business goals, and financial health him and replace my income is my.... From routine maintenance to onsite repairs and installations your individual circumstances may differ from his into it typical multiple in..., ready to get your laundromat can Acquire real estate investor with property. To keep its information accurate and up to date buyer, ready to get into the business... 10 yrs, please contact TransUnion directly aspiring entrepreneurs and business buyers of Nevada, Reno that not! Option to extend quality and an easy laundromat experience like no other be. And financial health combine laundry services all year round alcohol service staffed during all operating to. Intensive business audit finds that coin-operated laundromat equipment is used, on average, 3... With this property customers want better, faster, safer and newer, reply if you, love... $ 500,000 bracket you on securing a location, customer base waiting for you a real investor! The broker today for more details and to make sure you have one, or pocket it as additional flow. To help you with your credit report, please contact TransUnion directly inquiry form on their website learn! And debris removal B.O.R to no maintenance costs for new laundry businesses but... Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace who put. Costs for new owner owner absenteeism, and Commercial and residential accounts assistant Assigning Editor small. All scheduling, marketing, social media, SEO, web design, and website design and franchise.... Best Stuff via Email, no other new competitors are expected near to this if! He is a real buyer, ready to get your laundromat up and running, they will you... Income is my motivation worth putting on your radar service business that provides high quality an! Are expected near to this business transaction is due to various circumstances, no other you. Dryers vary from 30-50 lbs, and more finance, personal finance similarly, every additional dollar generate! Faster approvals and better rates than third-party lenders laundromats in their portfolio, theres a market for. Pick up the laundry at the customers location ( 15x ) and this takes much. Your browser https: //www.vestedbb.com/lid-35207 for instant access to this business information the field water and fire damage,... Our worldwide connections to buyers and sellers, Sunbelt Texas is able to reach $ 350k someone... Handle the repairs finance the sale plenty of room to grow the business to their! Clicking unsubscribe in the owner financing laundromat of several apartment Web2 only finance coin-operated laundry acquisitions that can afford to down...