Minimum liquid cash requirement: $300,000. Also state what your time frame is. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. Store has 18 Washers & 14 Dryers, Renovated in 2021. Location #1 (I-10 & Federal) - Price $1.3M | Cashflow: $250K - We invested $1.4M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Large store. Location Location Location! WebEvery laundromat owner needs property and liability insurance. Long lease The kind of High end service , that Manhattan customers expect. WebLarge 2 br house owner finance. Business was developed 2010 and the lease is till 2030 with the option to extend. The business is located in its own building near numerous apartments and a major shopping mall nearby. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Excellent location. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. yielding sensible cash flow. What this means is, most laundromat owners have a few laundromats in their portfolio. Elevate your future with a legacy-building business! The first is that business tax is very different from employee tax. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). The asking price of $2,700,000 includes the real estate, an estimated business income of $192,000, and all FF&E valued at $264,500. 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. Staff in place. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. Call the broker today for more details and to make an offer. Income should be able to reach $350k with someone who can put a little time into it. 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. 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. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. 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. 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. 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 Please provide, best date and times that you are available to speak. I take care of my dad. 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. The wash n fold drop off pays them. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. Owner financing is available to qualified buyers with an appropriate down payment and credit. Zoned I-2 Property Highlights - Estimated Income: $192,000 - All FF&E included: $361,500 - FF&E: (34) Single Dryers, (12) Double Dryers, (10) 40lb Dryers, (8) 50lb Washers, (16) 20lb Washers, (7) 30lb washers (all roughly 10- 12 years old) - Fully Functional equipment - Complete Laundromat business - On-site parking -- 100+ parking spaces - ZONED I-2. The washers and dryers accept credit cards or coins. Very competitive pricing and steady employees. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. Laundry hook ups. Jordan has been able to achieve both of those things through buying laundromats. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. With an increase in renters comes the need for coin-operated laundromats. All equipment will be working properly upon closing. Opportunity to grow wash-and-fold business. Established Neighborhood Laundromat for sale in NJ. Jordan said these companies are pretty easy to find by Googling laundromat financing. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! 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. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. is a leader in the restoration industry. He understood that laundry was a chore for most and the faster you finish, the better. 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, Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Very profitable and extremely busy, Manhattan laundry store. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Today's customers want better, faster, safer and newer! To research more information on this laundromat powerhouse, visit their website. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. Moving ready. We recommend that you contact them through their website to further inquire. Building a loyal clientele within your locations community will help you create a consistent revenue stream. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35200 for instant access to this business information. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. They also offer complimentary WiFi to customers waiting for their laundry to finish. All equipment completely refurbished. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Open 7 days a week, our business is dedicated to providing superior customer service and convenience. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. Here is a list of our partners. He has covered financial topics as an editor for more than a decade. One of the best business situations. 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. She is based in Santa Monica, California. And one of our consultants will contact you. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. If youre an employee, youll know that tax is taken from your salary before you receive it. Competition: Limited, Town Moratorium for New laundry Businesses. You can head to their website to learn more about becoming a franchisee. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. This sale includes both 1019 & 1049 W Sedgley Ave and 3213 N 11th Street, all furniture, fixtures, and equipment, as well as detailed store performance data available upon request. Don't miss out on this great opportunity, contact us today to schedule a showing! 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. We leave the competition behind. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. We Fund Laundromats has one of the Save this Business Print. Top 10 Entrepreneurship podcast Passaic County, NJ. Franchisees should have a minimum of $100,00 in liquid capital. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. 10. Your other option is to buy an existing laundromat. Great part time or absentee business has a good manager and employee in place that will stay with new owner. LISTING ID # 33117 Seller financing is available. When operating a business like a laundromat, however, you can pay expenses before deducting tax. (8) 40 lbs. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Many laundromat owners find leasing business equipment is the best way to go when financing their machines. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. To learn more about this green laundromat and how to franchise with them, visit their website. Long term lease remaining. 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. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Surrounded by residential skyscrapers! 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. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Obviously, there is some risk involved on their side. Only reason for selling is I have moved. WebOwner Financing, Absentee laundry. Laundromats are cash flow businesses, too. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. We use cookies to to make sure you have the best experience on our website. For more information, please call or text Nadir Jiddou at 248-220-3274. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. The top laundromat franchise opportunities, 5 reasons to enter the laundromat industry, How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. The business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,245 all in, 2% yearly rent increases, cost per square foot is estimated at $29.00 and two months of rent security. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. Green Green Green! 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. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Call Syed at 631-374-7686 for more information. Our opinions are our own. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Fence yard. 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. Franchise in an industry that stands strong throughout the years, then the laundromat industry is worth $ $. Leasing business equipment is in the 3.5 to 4.5 range opportunity for the entrepreneur. Comes the need for coin-operated laundromats, stable income Hoang - Listing Agent 713 584 9696 ( only. A Zoom Express laundry mobile app where customers can load credits and use to! 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