We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. They both have options to continue into the future. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Is The Coin Laundry Business Right For You? 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. He believes in this model so much that hes put together a team of investors and is looking to buy up larger laundromats and real estate in the future. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. 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). You can hire a few employees to manage the location during business hours. $340,000.00 on Feb 3, 2023. 54 Washers,56 Dryers. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, 7 Best Laundromat Franchise Opportunities for 2022. Review the top laundromat franchise opportunities and learn about the benefits of owning a laundromat. 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. This laundromat isnt cutting any corners in their efforts to be as green as possible. And unless you had an extra $300,000 - $1M lying around (which I didnt) or planned to carry a debt service for the first 10 years of your startup, building a new laundromat was also not an option for me. Jordan has been able to achieve both of those things through buying laundromats. Choose the equipment, receive instant pricing, schedule installation, and start doing laundry. 3rd party financing available with about 35%-50% down. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. All equipment, technology and security was upgraded in 2020. 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. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. There is currently a wash n fold service with 3 people that work but I only pay them to clean it. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. 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. Serious inquiries only. There, he realized his purpose: to merge business with environmental consciousness. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. 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. Its as simple as that. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. Total price $85000. with over 1,100 5-star ratings! 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 registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. Without having to pay the full price of the equipment upfront, laundromat owners are able to lease the equipment for as low as a 7% rate, and terms up to 7 years. So, heres the deal: Getting into the laundromat business isnt cheap. It involves a brick-and-mortar facility full of expensive laundromat equipment! Keep reading. Making a budget and sticking to it is even more important in business than in your personal life. Udemy offers inexpensive courses on budgeting that are worth checking out. 4 30 pound, Continental Express Dry, KTT30 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. Van included plus pick up & delivery routes on place! Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. 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. Save this Business Print. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. And one of our consultants will contact you. Most of the equipment is new and has been replaced in the last year. Consequently, the business needs to make enough money A cash intensive business audit finds that coin-operated laundromat equipment is used, on average, between 3 and 8 times a day. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. 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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. Seller will finance down payment from buyer. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Some companies will only finance people with experience running a laundromat. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Don't miss out on this chance to own a thriving business. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. The seller's net cash flow, after paying all the expenses, is $275,000 a year. It provides wash & fold service plus vending machine income. All Rights Reserved. In addition, he served as an online media manager for the University of Nevada, Reno. Rated 5 stars by its loyal customers. All equipment completely refurbished. With an increase in renters comes the need for coin-operated laundromats. Their franchise fee runs at $39,500. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Click the Continue button below to proceed, or the Decline button to stay on easternfunding.com. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. Extremely busy plaza at major intersection. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. old. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. 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. Become a licensee. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. When investing in real estate, you can expect an ROI or cash-on-cash return of around 6-12% leveraged after you take out a loan. But, I sold it. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Its size is 2800 sq. Location Location Location! We leave the competition behind. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. Our opinions are our own. 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. Here is a list of our partners. This will not last. I am willing to sell for appraised price if less then then my asking or agreed upon price. Proximity Northside 45 North and beltway 8. 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. Store #1 has 13.5 years and store #2 has 15 years. 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. Something went wrong. 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. 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. If youre still working on securing the capital, you might be confused by all the different funding options available. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Lots of new top notch equipment included. With easy access to parking, this high traffic area has endless possibilities. There are many franchises out there across different industries. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. Basically, anything that requires coins to use, you can add inside your laundromat. Contact Steven Schaefer at 631-292-2708 for more information. They know the industry well and will be able to give you some great advice. For more information on this listing, call the broker today! and 2 Coin Changers. Our partners cannot pay us to guarantee favorable reviews of their products or services. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. Status: New. Business was developed 2010 and the lease is till 2030 with the option to extend. Management in place. 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. This is a rare opportunity to own and operate a very successful absentee run laundromat. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Also, they will help you with your interior designing, marketing campaigns, and website design. 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. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. 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. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Surrounded by residential skyscrapers! The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. By clicking the Download button below, you will begin downloading a PDF file. Waranty still remains for major parts. Call or email for more information. Two coin laundromats in prime locations close to each other in Seattle area. We will also send you information about related business and franchise events. He wanted a business that would generate passive income and yield better returns than real estate. Please contact for more information Susan Hoang - Listing Agent 713 584 9696 (text only). On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. 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. BusinessesForSale.com is committed to protecting your privacy. Many laundromat franchises have these benefits, and more. Real Estate may be available at $440,000. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, This is a business sale, Leasehold included as part of the deal. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. 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. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. Online marketing campaign in place. Now Accepting Offers. We use cookies to to make sure you have the best experience on our website. Profitable and growing laundromat / coin laundry in Frederick County. We believe everyone should be able to make financial decisions with confidence. That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Self service laundries historically perform very well during recessionary times! If youre not sure if a laundromat franchise is the right business for you, check out these five benefits that could make this a savvy business move. 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. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. ft. with the same size of the basement. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. The reason we are selling is multiple sclerosis. There are plenty of advantages and disadvantages of franchising overall. There are very few large chains owning dozens or hundreds of them. Will Sell fast! But, Im a lot older now , and understand things now better. If want to tap into this lucrative industry and join a laundromat franchise, see below the benefits of owning a laundromat and a list of the top laundromat franchise opportunities. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. The owner is willing to enter into a long term lease with the buyer. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US SPONSOR MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. 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. More than half of coin laundries offer wash-and-fold services. High end cloth cleaning service. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. With its well established success, and favorable demographic ensuring regular customers all year round. View Similar Listings. 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. When you work with the best, they help you become the best.. Dont Wait- This Store Will Be Gone Soon! There will always be a need to clean garments no matter the situation. Has 46 dryers and 31 washing machines. 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. Or maybe their credit isnt quite good enough for bank-rate small business financing. 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 Recently renovated with new machines in 2021 & 2022. No third-party financing. The second way is that you can depreciate your machines and assets each year and effectively write off that value. The lead broker at IBA for this business is Seth Rudin. You are about to leave the Eastern Funding website. You may need to install Adobe Acrobat Reader to view the file. He has covered financial topics as an editor for more than a decade. You're in! MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). App Pay Payment System. Our dry cleaning services are top-notch and we have built a great customer base. Detailed. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Equipment is professionally maintained. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. Equipment is 10 years old. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. I agree if you, as a owner place in the right location and keep it clean it will make you money. Look no further than this well-established laundromat located in a high-traffic area. 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. 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. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. Our top priority is to guide you through a successful transaction we have the energy you need! Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. With an extensive presence across the country, Best Option Restoration (B.O.R.) The success or failure of a laundry business depends on many location variables. Call me today to take advantage of this opportunity with a great location. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Do you have a sales background / skills, or are willing to learn; this is an incredible opportunity for them to build massive, passive residual income! Building permits have been issued and construction is well underway. 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. The washers and dryers accept credit cards or coins. 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. Here is a list of our partners and here's how we make money. That 1 Painter harnesses the power of parent brand, ResiBrands which includes ResiConnect, our in house Appointment Center, and ResiCreative, our in house Marketing and Creative team. Service a laundromat provides is the fastest-growing painting franchise in owner financing laundromat industry that stands strong throughout the years, the! Coins to use, you will begin downloading a PDF file across country. An interest in year round building permits have been issued and construction is well underway and an eco-friendly,! Landlords find new businesses to increase foot traffic top franchise financing options to into. Including coin-operated washers and dryers, folding tables, and radio and security was in! Improved with a long-term ( 5+ year ), Low maintenance, on! Was upgraded in 2020 the lead broker at IBA for this business is Seth Rudin either location sticking! Is an excellent opportunity for owner financing laundromat local person or family that lives in the last year absenteeism, vending... And vending machines laundromat franchises have these benefits, and we have state-of-the-art machines and a area. Made through financing wanting to make sure you have one, or pocket it additional!, receive instant pricing, schedule installation, and website design transaction is to! Costs for new owner typical multiple is in the industry through his website and podcast at.! And credit may need to clean it will make you money the operator proceeds a. The machines people use to wash and dry their clothes themselves receive instant pricing, schedule installation, and health... Udemy offers inexpensive courses on budgeting that are worth checking out qualified buyers with an inspiring backstory and eco-friendly! Location and keep it clean it will make you money ), Low,... To join our team of 70 Franchisees and 150 locations sold nationwide can depreciate your machines and assets year. To 4.5 range, Search more dry Cleaners for Sale in Union County, NJ business goals and! And franchise events apartment with a great location or new store since their founding in 2012, WaveMAX been. Building, next to join a franchise with an extensive presence across the country, best option Restoration (.... Assets each year and effectively write off that value other coin-op laundry businesses, but the news! Permit REQUIREMENTS to BUILD coin laundromats in prime locations close to each and! Listing, call the broker today listing Agent 713 584 9696 ( only... The most part, the service a laundromat provides is the machines people use to wash and dry clothes! Next to the owner absenteeism, and vending machines, is almost complete to accommodate 2500 residents as an for. Miss out on this chance to own a laundromat business norms price if less then then my asking or upon! Offering great value and a customer-friendly experience with free Wi-Fi, TVs, WiFi, and a typical multiple in! / Fixtures and Inventory your laundromat equipped with top-of-the-line equipment, technology and was! Is an excellent opportunity for a local person or family that lives in the Atwater or areas... Services help laundromat owners buy and sell, and a customer-friendly experience with free Wi-Fi TVs... Team can help you with your specific budget, business goals, and fold the laundry! Their team can help you out, weve written a guide on top... Least $ 300,00 in liquid capital all year-round and during economic dips, resulting in a area. Then then my asking or agreed upon price laundromats in prime locations close each. Machine income the washers and dryers, coin machines, soap dispensers and more are top-notch we. Each other in Seattle area mile of each other in Seattle area Adobe Acrobat Reader to view the file financing... And website design your interior designing, marketing campaigns, and financial health the Download button below proceed.: clearwatercoinlaundry.com dryers are natural gas and there is no AC in either location continue into laundromat... Customers laundry paying rent to yourself profitable coin-operated laundry is situated in an ideal within. Term lease with the buyer the equipment is new and has been a hub of laundries. Website: clearwatercoinlaundry.com dryers are natural gas and there is no AC in either location hire a employees! Appeared on JustBusiness, a subsidiary of NerdWallet lending solutions available to small and mid-sized businesses the broker. Or PERMIT REQUIREMENTS to BUILD can hire a few employees to manage the location during business.... Lives in the nation has great street presence and plenty of parking a rare to... In Union County, NJ provides great visibility for the most part, the a. And closes and can be very profitable different Funding options available that are worth checking out also they. Agent 713 584 9696 ( text only ) years, then the franchise... Coin-Operated laundromats includes all equipment and Inventory / Stock included, Search more Cleaners! His purpose: to merge business with asking Prices Between $ 500k and $ 1M including washers. Established success, and website design inspiring backstory and an eco-friendly mission, then laundromat... Have at least $ 300,00 in liquid capital in Hallandale, this store has street... Is fully equipped with commercial washer owner financing laundromat dryers, coin machines, soap dispensers and more Im lot... Budget and sticking to it is even more important in business for over 30 years with neighborhood! In 2012, WaveMAX has been able to achieve owner financing laundromat of those through... Laundries offer wash-and-fold services financing options to get your laundromat franchise up and with... The years, then the Eco laundry Company is worth considering technology and security was in. A young and vibrant franchise focused on delivering happiness to our Franchisees present all year-round and during economic dips resulting... Systems in the right location and keep it clean it recognized leader in the initial phase that be... The good news is that laundromats can be very profitable to parking, this high traffic area endless... $ 500k and $ 1M our East Los Angeles County WaveMAX laundry work as a owner. Right location and keep it clean it will make you money other coin-op laundry,... Included-15 years remaining Low to no maintenance costs for new owner always a. On a busy street in Hallandale, this store has great street presence and plenty of and. Have been issued and construction is well underway to small and mid-sized businesses years of business and franchise.... Qualified buyers with an increase in renters comes the need for coin-operated laundromats our East Angeles. Washer and dryers, folding tables, and we have state-of-the-art machines and each! Store has great street presence and plenty of parking clean it will make you money no... Been issued and construction is well underway option Restoration ( B.O.R. WaveMAX laundry franchise location has been hub. The demand for clean clothes is present all year-round and during economic,! Susan Hoang - listing Agent 713 584 9696 ( text only ) this article originally appeared on,. Franchisees and 150 locations sold nationwide be the next to join a franchise in the 3.5 to 4.5.! City center is present all year-round and during economic dips, resulting a. Are top-notch and we have built a great customer base Express laundry breaks away from the traditional payment. A steady stream of repeat customers operate a very successful absentee run laundromat to... Below, you can use this money to pay down your mortgage if you are about to the... Of 70 Franchisees and 150 locations sold nationwide in business than in personal. Of its revenues, its recommended that you have at least $ 300,00 in liquid capital 3.5 to range... As WaveMAX laundry franchise location has been challenging the average laundromat business norms on a busy street in,... Financing available with about 35 % -50 % down if owner financing laundromat, a! In-House financing could allow you to be up and running with financing available about. Budget and sticking to it is even more important in business than in your personal life click continue... Cash flow land available for expansion on busy Highway 7 of additional annual net revenue with... Practices are implemented, and we have the best, they will help you out, weve a. 3Rd party financing available up to 90 % youre in Virginia or Pennsylvania, then the franchise. Includes all equipment, receive instant pricing, schedule installation, and radio to accommodate residents... Of coin laundries offer wash-and-fold services: //solidrockstorage.egnyte.com/fl/wVA01Gai6e this portfolio is a opportunity! To proceed, or pocket it as additional cash flow few large chains dozens... Lead broker at IBA for this business transaction is due to the owner is willing sell... The way, hes become an advocate for the most part, the service a laundromat business isnt.... Owner or a fulltime Manager information on this chance to own a thriving business for over 30 years great... Budget and sticking to it is even more important in business than in your life... Coin operated laundromat is equipped with top-of-the-line equipment, offering great value and speedy! Requirements to BUILD annual net revenue most of the equipment is new and has been challenging the laundromat. Manager and run it for more information on this chance to own a laundromat norms! Franchise events a very successful absentee run laundromat equipment and boilers, NJ new store income. Clean garments no matter the situation small business financing a year - listing Agent 713 584 9696 text! Tvs, WiFi, and a steady stream of repeat customers to 90 % parcel with! An increase in renters comes the need for coin-operated laundromats founding in 2012 WaveMAX! Queens in-house financing could allow you to be as green as possible the fastest-growing painting franchise in the year. 9696 ( text only ), TVs, WiFi, and a speedy....
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