She is based in Santa Monica, California. Building permits have been issued and construction is well underway. All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. Status: New. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. We believe everyone should be able to make financial decisions with confidence. North Port, FL. Established in 1996, the website is an international marketplace of businesses for sale. Laundromats for sale often include coin-operated washers and dryers of varying sizes. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Minimum liquid cash requirement: $300,000. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. Full staff opens, closes, cleans and processes drop off orders. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. Managers should service the machines and manage the use of coin machines on premises. Laundromats are valued at around 3.5 to 4.5 times their net operating income. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Opportunity to grow wash-and-fold business. Call Syed at 631-374-7686 for more information. Pre-qualified offers are not binding. When making a major business investment, you need an experienced partner you can trust. He wanted a business that would generate passive income and yield better returns than real estate. 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. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. He likes this option for first-time buyers as you get to not only leverage their finance but also their expertise in this area and industry knowledge. WebLaundromat (Can be located anywhere) Turnkey Business Financing available Retiring Owner Offer 1 Year of Training & Long Term Mentoring 2022 incoming sales are + Save $200,000 Cash Flow: $70,000 Queens Co., NY View Details Queen County Laundromat Business for sale Queen County Laundromat Business for sale Financing available Laundromat owners usually operate facilities that are primarily self-service oriented. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. Lauderdale Lakes Laundry for The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Shack Shine has changed that. It is located within a huge shopping center next to a big market and several shops. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. In addition, he served as an online media manager for the University of Nevada, Reno. But it isnt enough to choose an industry. I take care of my dad. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? 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. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. 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. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Seller Financing. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. 8,000 sq. Very profitable and extremely busy, Manhattan laundry store. The business fixed assets have an estimated value of approximately $170,000 Are laundromats the ultimate side hustle, like my guest Jordan Berry described? If you own a business and are considering selling, visit our Sell a Business section. 2023 Laundrylux Inc. All rights reserved. Equipment is professionally maintained. 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. 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. Profitable and growing laundromat / coin laundry in Frederick County. 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. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Laundromats are valued very differently from real estate. Net benefit of +50k per year, very clear numbers. You are about to leave the Eastern Funding website. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. However, this does not influence our evaluations. Excellent location. There has been no advertising done since it opened and I just created a Facebook page. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. 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Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. What Competition? Don't miss out on this great opportunity, contact us today to schedule a showing! 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. For more information on this listing, call the broker today! These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. Cool? Plus, laundry care continues to be a growing industry. This business has no competition in close proximity. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. I am willing to sell for appraised price if less then then my asking or agreed upon price. A few machines are down due to back ordered parts. Please provide, best date and times that you are available to speak. Staff in place. Please provide, best date and times that you are available to speak. WebBrowse 43 Laundromats and Coin Laundry Businesses currently for sale in Florida on BizBuySell. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Investment ranging $475,000 to $675,000. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Store has 18 Washers & 14 Dryers, Renovated in 2021. Both locations have room to set up for a wash dry and fold station. 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. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. The first is that business tax is very different from employee tax. Businesses are largely unattended and open 24 hours a day there is a casual worker that does cleanup on a daily basis for a nominal amount. 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. Both have been remodeled, one is a complete remodel down to the studs. 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. Month after month this app/web based laundry service is growing. There is no limit the number of successful laundromat franchises you can own. Even with long store operating hours, you dont have to be on-site all day, every day. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. 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