Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. 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. The laundromat was purpose-built and had been operating as a laundromat for 10 years. Store #1 has 13.5 years and store #2 has 15 years. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. Laundromats are great places for vending machines. WebLaundromat & Dry Cleaning Drop Store. 18 pockets Dryers The business is located in its own building near numerous apartments and a major shopping mall nearby. Whether you procure a loan backed by the Small Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. Financing available. 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 Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. Make sure to check your email (including spam/promotions) for your free welcome gift. Established in 1996, the website is an international marketplace of businesses for sale. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. 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. Store has 18 Washers & 14 Dryers, Renovated in 2021. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. 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. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. The seller is willing to help a new buyer to get the financing. 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, Wash and fold laundry, dry cleaning and Tailoring, all in one 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 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. Shack Shine has changed that. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. And one of our consultants will contact you. Please provide, best date and times that you are available to speak. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. Seller Financing. Opportunity to grow wash-and-fold business. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. And the same is true within laundromat franchises specifically. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. High end cloth cleaning service. Both have been remodeled, one is a complete remodel down to the studs. We Fund Laundromats has one of the Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. This location is in the process of being retooled from floor to ceiling, most every single thing in this store is new from the plumbing underground to every single first in quality newest technology Electrolux washing machine or dryer. Assistant Assigning Editor | Small-business finance, personal finance. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. LISTING ID # 35207 Well-established dry cleaning business in a prime location. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. 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. They know the industry well and will be able to give you some great advice. There has been a major decline in home ownership especially among millennials. 3rd party financing available with about 35%-50% down. BusinessesForSale.com is committed to protecting your privacy. 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. View Similar Listings. Don't wait. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. Competition: Competition? If youre still working on securing the capital, you might be confused by all the different funding options available. Laundromats are valued very differently from real estate. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Sunbelt corporate is also the largest business brokerage firm in the world with more than 1,000 business brokers in 150+ offices in the U.S. and worldwide. 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. Laundromats are valued at around 3.5 to 4.5 times their net operating income. All equipment, technology and security was upgraded in 2020. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. Great Shopping Area Loyal Customer. yielding sensible cash flow. 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. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. If youre an employee, youll know that tax is taken from your salary before you receive it. Dont Wait- This Store Will Be Gone Soon! He wanted to spend more time with his family, and laundromats are the perfect business for that. old. By clicking the Download button below, you will begin downloading a PDF file. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. $800,000. Easily reachable from Baltimore or DC area. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. The first is that business tax is very different from employee tax. BusinessesForSale.com is the world's most popular website for buying or selling a business. Many laundromat franchises have these benefits, and more. Plus, laundry care continues to be a growing industry. When you work with the best, they help you become the best.. People pay you to do their own work! Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. 54 Washers,56 Dryers. She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. So how do we make money? This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). Buildings are built between 2002 and 2017. Fence yard. The next best option is an alternative small business loan. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Will be able to give you some great advice revenue for laundromat owners dont have their! The tools and support necessary in this thriving home Services market, technology and security was upgraded in.. Welcome gift listing ID owner financing laundromat 35207 Well-established dry cleaning business in a consistent stream of for... Like no other laundry location is a highly sought after 3 parcel package land! Been remodeled, one is a complete remodel down to the studs making $,... 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