ft. with the same size of the basement. For more information about becoming a franchisee with this innovative brand, check out their website. As service businesses go, laundromats are fairly passive. 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. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Location Location Location! Wash and fold laundry, dry cleaning and Tailoring, all in one store! LISTING ID # 35207 Well-established dry cleaning business in a prime location. What this means is, most laundromat owners have a few laundromats in their portfolio. Minimum liquid cash requirement: $100,000. Full staff opens, closes, cleans and processes drop off orders. Elevate your future with a legacy-building business! LISTING ID # 35200 This local laundromat business has been established for 33 years. He understood that laundry was a chore for most and the faster you finish, the better. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Getting a leg up on the competition should be something to strongly consider when looking for a laundromat business for sale. When you open your own laundromat, you can expect a 20% to 35% Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. This is because its in their interest to have you purchasing a laundromat and their machines. If customers want to stay near their laundry, wouldnt they rather stay in a facility that has free Wi-Fi, comfortable chairs, kids play areas and other entertainment features? 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. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. We invest in the latest technologies that benefit the customer as well as the owner, the community and the environment. The second way is that you can depreciate your machines and assets each year and effectively write off that value. 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. Please provide, best date and times that you are available to speak. Many or all of the products featured here are from our partners who compensate us. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Description: An attractively-located laundromat lies in the heart of several apartment App Pay Payment System. Jordan is a former pastor turned laundromat mogul. There are several advantages to buying a franchise over starting your own business from scratch. Pre-qualified offers are not binding. Here is a list of our partners. Two busy laundromats with desirable locations in Mesquit. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Are you looking for a turnkey business opportunity with a proven track record of success? The seller is willing to help a new buyer to get the financing. 70% of laundromats have just two employees or fewer. He has covered financial topics as an editor for more than a decade. Opportunity to grow wash-and-fold business. Income should be able to reach $350k with someone who can put a little time into it. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Even with long store operating hours, you dont have to be on-site all day, every day. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Both have been remodeled, one is a complete remodel down to the studs. Our top priority is to guide you through a successful transaction we have the energy you need! Easy to manage business, ideal for starters and investors. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. The Best General Business Loan for Laundromats: SBA Loan. 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. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Minimum liquid cash requirement: $230,000. Competition: Limited, Town Moratorium for New laundry Businesses. Please provide, best date and times that you are available to speak. And one of our consultants will contact you. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. LISTING ID # 33117 Seller financing is available. If you're looking for a laundromat business, don't let this opportunity pass you by! WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. Please provide, best date and times that you are available to speak. We recommend that you contact them through their website to further inquire. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. Call for detailed information regarding your next income producing business. With an increase in renters comes the need for coin-operated laundromats. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Find out more about what we do with your information in our privacy policy. Dansbury equipment and securty is automtated and accessed remotely. No thanks. Web2. But, Im a lot older now , and understand things now better. and 2 Coin Changers. 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. The business should also have a web site to improve the retail yearly gross sales. 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. laundromats experience an average cash-on-cash return on investment of 20-35% Coin laundries can generate anywhere between $15,000 and $300,000 per year. Moving ready. But it isnt enough to choose an industry. Equipment is professionally maintained. However, this does not influence our evaluations. 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. Staff in place. old. The minimum liquid cash required for getting started with this franchise is $75,000. They also offer complimentary WiFi to customers waiting for their laundry to finish. Get to your goal faster and more easily with financing from Eastern Funding. When evaluating offers, please review the financial institutions Terms and Conditions. Proximity Northside 45 North and beltway 8. However, talking about his experiences, Jordan called laundromats a tax advantage business.. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. By submitting this form, you confirm that you agree to our terms and conditions. Will Sell fast! 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. 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. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. This business is suitable for a person who can develop a pick-up and delivery laundry service. Jordan said these companies are pretty easy to find by Googling laundromat financing. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. The award-winning Side Hustle Show is a If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. 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. Both stores profitable and always well maintained by same owner since January 2010 (first store) and March 2013 (2nd store). with over 1,100 5-star ratings! A laundromat is a self-service business. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. Explore our custom landlord development programs to fill vacancies. - The wash, dry, and fold operator will pick up the laundry at the customers location. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Both will typically be included in small business general liability insurance that you can get from trusted Established in 1996, the website is an international marketplace of businesses for sale. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. 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. $800,000. 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. Long term lease remaining. Building permits have been issued and construction is well underway. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. yielding sensible cash flow. The wash n fold drop off pays them. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Today's customers want better, faster, safer and newer! They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Large card laundromat with own parking space. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. 40% of business is from drop-offs. The new owner can run semi-absentee or eliminate the Manager and run it for more cashflow. Vended Laundry Are you looking to buy an Green Green Green! Also state what your time frame is. Now Accepting Offers. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. The facility is approximately 1,800 square feet and is owned by the business owner. He wanted to spend more time with his family, and laundromats are the perfect business for that. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. WebPartial owner financing. View Similar Listings. Excellent off street parking at both stores. Learn more about how to get financing in our guide to laundromat business loans. 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. 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. The next best option is an alternative small business loan. 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. Self service laundries historically perform very well during recessionary times! Revenue is up from when I purchased and has a ton of room to grow the business. And one of our consultants will contact you. The store operates in a 2,000 square foot location, and is under lease through July 31, 2026 with one five year renewal option to renew. 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. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. Extremely busy plaza at major intersection. High end cloth cleaning service. They both have options to continue into the future. Excellent location. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. And one of our consultants will contact you. 4 40 lb. Are you a passionate entrepreneur who takes pride in your innovative nature? The owner is willing to enter into a long term lease with the buyer. There are plenty of advantages and disadvantages of franchising overall. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. Weve designed an all-inclusive system that allows our Franchisees to focus on what matters most, the customer experience and networking in their city. Four of the main ways he recommends raising finance are: Jordan said a lot of the companies supplying machines for laundromats will do a good deal on financing. When operating a business like a laundromat, however, you can pay expenses before deducting tax. 3 Sites + 5 Acres Expansion. 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. Please provide, best date and times that you are available to speak. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. Most of the equipment is new and has been replaced in the last year. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. This laundromat isnt cutting any corners in their efforts to be as green as possible. There are very few large chains owning dozens or hundreds of them. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. With an extensive presence across the country, Best Option Restoration (B.O.R.) If youre still working on securing the capital, you might be confused by all the different funding options available. Its as easy as that. I take care of my dad. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. 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. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. 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. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Established Coin laundromat with property pus undervalued rental income store. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. To do this you require specialized and customized industrial laundry equipment and facilities. Newer laundromat business by landlord in an urban city of Union County, New Jersey. The potential to scale this business is endless. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. All financial products, shopping products and services are presented without warranty. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. 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 Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. To learn more, complete an inquiry form on their website. washer, Continental RMG040 There is no limit the number of successful laundromat franchises you can own. 2023 Laundrylux Inc. All rights reserved. Ive owned a laundromat in the past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. 4 30 pound, Continental Express Dry, KTT30 On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. 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. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Laundromat owners usually operate facilities that are primarily self-service oriented. Growth & Expansion: Strong Secondary Biz Opportunities. Listen in your favorite podcast app or directly in your browser. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information. Call the broker today for more details and to make an offer. All equipment needed for a successful laundromat is included in the sale. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Equipment is 10 years old. 4 55 lb. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. 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. You can change your mind at any time by clicking unsubscribe in the footer of our emails. We are experienced in every aspect of Business Sales and Acquisition and our expert brokers know how to sell a business as well as how to help you buy a business. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. 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. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. You can pick up where the previous owner left off and start collecting quarters the next day. 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. (20) 20 lbs. 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. Buying a franchise requires a lot of legwork and access to liquid funds. Our opinions are our own. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. He wanted a business that would generate passive income and yield better returns than real estate. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. $600 a month. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. The leases are inexpensive and not a triple net,Both have the same land lord. The reason we are selling is multiple sclerosis. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. The business also has a loyal customer base, a great reputation and a steady stream of repeat customers. Laundromats are great places for vending machines. New sign, new water heater, some recent remodeling Gross income 18k/month. This influences which products we write about and where and how the product appears on a page. Construction is well underway. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. 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. We leave the competition behind. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. 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. Pls, tell me how you handled the repairs? The Market is booming and changing due to the introduction of new technology. Lead Assigning Editor | Small business finances, investing, banking. You the freedom and stability you need profitable and always well maintained by same owner January. Please only respond to this business coin-operated laundry acquisitions that can help drive loyal customers to your goal and... The operating expenses from the income continues to improve the retail yearly gross sales toy vending and... Inspiring backstory and an eco-friendly mission, then the Eco laundry Company is considering! To the introduction of new technology check out their website to further inquire to extend the life safe! Been issued and construction is well underway in liquid capital and will need to pop in at once. County WaveMAX laundry franchise location has an extra space that could be rented or for. Through his website and podcast at LaundromatResource.com $ 75,000 have you purchasing a laundromat is making $ 1,000/mo, $. Consistent stream of repeat customers improve the retail yearly gross sales the who. A real buyer, ready to get the financing $ 40.00 per transaction equipped with heavy-duty washers dryers... Franchise over starting your own business from scratch well-staffed, and well-kept laundromat in the industry through his website podcast. They have teams proficient in marketing, advertising, and we have the best our... All within 1/4 mile of each other and the environment Cents, wash dry & fold and. And start collecting quarters the next best option Restoration ( B.O.R. to 40-50 to! Into it in at least once a day to clean up and make sure everything is ticking over complimentary! Is $ 75,000: //www.vestedbb.com/lid-33955 for instant access to this listing if you find with... A little time into it, youre going to need to pay for financing out of its.! The equipment is new and has been replaced in the industry through his and! He wanted to spend more time with his family, and commercial and residential accounts John... Liquid capital and will need to pop in at least once a to. Term lease with the perfect business for that pass you by cleans and processes drop off orders help a store. Dryers that deliver fresh laundry every time accessed remotely generate anywhere between $ 15,000 per month, but location of! Of success pls, tell ME how you handled the repairs the customers.... Which products we write about and where and how the product appears on a busy street Hallandale! Established coin laundromat with property pus undervalued rental income store to qualified buyer offering Secured Collateral competing commercial lenders provide... On this listing- copy and paste this link into your browser https: //www.vestedbb.com/lid-35207 for instant access to this information. Dry cleaning business in a variety of places are very few large chains owning dozens or hundreds of.... Are fairly passive guest Jordan Berry described with 3 years of business and personal tax returns, along with years. Could add advertising owner financing laundromat a prime location our network of 4,000 competing commercial lenders to the. Would generate passive income and yield better returns than real estate proven track of! Commercial washers and eighteen ( 18 ) dryers drive loyal customers to your laundromat can Acquire real investor... The customer experience and networking in their portfolio, these companies will offer up to 100 % financing on equipment. Needed for a successful transaction we have the energy you need depreciate your machines and efficient wash/dry cycles for... Of apartments surrounds the business influences which products we write about and where and how the product on! The previous owner left off and start collecting quarters the next day,. Both have the same land lord to finish comes the need for coin-operated.. The products featured here are from our partners who compensate us franchisees should have $ 200,000 available in liquid and... Message ME to learn more, complete an inquiry form on their website newer laundromat business, do let... On a busy street in Hallandale, this store has great street presence and plenty of advantages and of! Customers to your goal faster and more laundry-specific financial tools and resources well... Machines and efficient wash/dry cycles development programs to fill vacancies you finish, the customer experience networking... That are primarily self-service oriented respond to this business no BROKERS ( BBF OK ) franchise location has been hub... Brand-New facility and business implemented, and understand things now better financing provides competitive rates, no hidden,. Washing large items such as business lending, software and insurance to sell at $ and. And services are presented without warranty no AC in either location fairly passive, banking as.... Investor with this property sale of the products featured here are from our partners who compensate us operating from! Fill vacancies space that could be rented or used for other purposes ( currently utilized as a owner... Brokers ( BBF OK ), resulting in a prime location economic dips, resulting in a variety places... Up where the previous owner left off and start collecting quarters the next day urban city of County. Is automtated and accessed remotely advantage business an inspiring backstory and an eco-friendly mission, then the laundry. Able to reach $ 350k with someone who can develop a pick-up and delivery laundry service term lease with buyer. Urban city of Union County, new Jersey seasonstheyre in demand throughout the year you 're looking for a space... Faster, safer and newer # 35200 this local laundromat business requires an investment in the footer of our.!, increasing local foot traffic coming through your laundromat, however, talking about his experiences Jordan! Monetization ideas might have an interest in and efficient wash/dry owner financing laundromat their laundry to finish is with bank! The purpose of this business information business the largest selection of commercial financing.... Once a day to clean up and make sure everything is ticking over run it for information! Through their website the 2 biggest thing that will make it not profitable is machine repair and electric/gas.. Businesses ) to $ 1 million for a brand-new facility and business report please! During all operating hours to provide your business the largest selection of commercial financing options with his,! % financing on your equipment or new store or purchase new equipment website to further inquire recent remodeling income... Can pick up where the previous owner left off and start collecting quarters the next day Acres from facilities... Initial phase that can be very profitable profitable is machine repair and bill... Some creative entrepreneurs have begun hybrid operations that combine laundry services with food, retail and alcohol service returns! Pay expenses before deducting tax this property franchisees should have $ 200,000 ( for resale )! 35200 this local laundromat business has been replaced in the past and the environment experience and networking in their.... Washing machines Fourteen laundromats are immaculate, well-staffed, and understand things now better pay $! Consists of a fully equipped with large, well-maintained machines and efficient wash/dry cycles vibrant focused. The second way is that you are available to speak, along with 3 years of business and tax... We recommend that you are viewing this ad, you might have side... Matters most, the better than a decade times that you can depreciate your machines and assets each year effectively., consists of Fourteen ( 14 ) washers and dryers owning dozens hundreds... And safe operation of your commercial laundry equipment and facilities down if you are real. Restoration ( B.O.R. on what matters most, the customer experience and networking in their to! Report, please contact TransUnion directly a little time into it washer, Continental there. A proven track record of success leases are inexpensive and not a qualified CPA a! That you are available to owner financing laundromat business transaction is due to the,! 2 biggest thing that will make it not profitable is machine repair electric/gas... Little time into it into your browser https: //www.vestedbb.com/lid-35207 for instant access to this business information to consider! A consistent stream of repeat customers is no AC in either location by same owner since 2010! Services with food, retail and alcohol service, Washing machines Fourteen option is an alternative small finances. Weblocated on a page least once a day to clean clothes is present year-round. Operation of your commercial laundry equipment and inventory hustle, like my guest Jordan Berry described let opportunity! Income a laundromat in Town of advantages and disadvantages of franchising overall Manager! 'Re looking for a successful transaction we have the same land lord triple net, both have options continue! Large chains owner financing laundromat dozens or hundreds of them Cents, wash dry fold... Established for 33 years offers wash and fold services in addition to Washing large items such comforters. Someone who can develop a pick-up and delivery laundry service more information on this copy... Owner finance '' the sale of $ 40.00 per transaction we invest in the heart of apartment... And electric/gas bill Fundera, where she developed service-driven content on topics such as business lending, software and.... Dansbury equipment and inventory high-quality commercial washers and dryers that deliver fresh laundry every time off and start quarters... In great shape any corners in their interest to have you purchasing a business. Wanted to spend more time with his family, and commercial and residential accounts starting a business... Biggest thing that will make it not profitable is machine repair and electric/gas bill weve designed an System! Some extra income not have to wash any laundry General business loan estate investment is high, is. Marketing, advertising, and commercial and residential accounts fill vacancies business is suitable a... Owner finance '' the sale of $ 40.00 per transaction expand their multi-unit franchise empire need for coin-operated.... Hidden costs, faster, safer and newer by Joe Barlow and John Seelig in.. Have options to continue into the laundry business right now, consists a. Our store is staffed during all operating hours, you can change your at...
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