owner financing laundromat

We will also send you information about related business and franchise events. There are plenty of advantages and disadvantages of franchising overall. Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. He wanted a business that would generate passive income and yield better returns than real estate. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. The owner invested own water well system cost him $170,000.00. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. 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. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. I just dont have the energy, due to health They are located in one of the fastest growing counties in Texas. Proximity Northside 45 North and beltway 8. and 2 Coin Changers. Its as easy as that. Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. (954) 537-1643 . Equipment is 10 years old. 18 pockets Dryers They have teams proficient in marketing, advertising, and public relations available for any questions you might have. Sales are generated from self-service walk-in customers as well as drop-off (wash-dry-fold), and even Pick-up and Delivery for commercial and residential customers. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. This is a great part-time business for people from all walks of life wishing to supplement their income. Many other ways to run it or do it your self. 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. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. Please provide, best date and times that you are available to speak. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. Real Estate may be available at $440,000. Semi absentee owned. Dont Wait- This Store Will Be Gone Soon! This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. If you own a business and are considering selling, visit our Sell a Business section. 2023 Laundrylux Inc. All rights reserved. Please provide, best date and times that you are available to speak. But, Im a lot older now , and understand things now better. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Location Location Location! 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. Your other option is to buy an existing laundromat. Easy to manage business, ideal for starters and investors. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. Call or email for more information. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. 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. She is based in Santa Monica, California. 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. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. 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. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. 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. All machines are in great condition. Call soon as this one won't last long! Investment ranging $475,000 to $675,000. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. When you open your own laundromat, you can expect a 20% to 35% ROI with a 95% success rate. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Well, our East Los Angeles County WaveMAX Laundry Franchise Location has been a hub of coin laundry activity for 30 years. Choose a business name. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Rated 5 stars by its loyal customers. Please Answer these Questions In Comments Section: Describe your business background, the type and size business you seek, your investment capability, (no owner financing), and your interest in this business. 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. 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. 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. He wanted to spend more time with his family, and laundromats are the perfect business for that. WebLaundromat & Dry Cleaning Drop Store. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. The company does not have any employees and does not offer a wash & fold service at this time. We use cookies to to make sure you have the best experience on our website. Jordan said this means the market is very inefficient. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. 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. I agree if you, as a owner place in the right location and keep it clean it will make you money. Been turned down? They do everything they can to save their customers time and energy. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Detailed. Owner financing is available to qualified buyers with an appropriate down payment and credit. And one of our consultants will contact you. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. 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. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. You can create your own destiny. Jordan recommends talking to a couple of laundromat-specific lenders. All equipment, technology and security was upgraded in 2020. Total price $85000. There are a tons of apartment complexes around here. North Port, FL. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. More than half of coin laundries offer wash-and-fold services. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. yielding sensible cash flow. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. If you decide to franchise with SuperSuds, youll be walked through their proven five-step formula. Their team will work with you on securing a location, writing your business plan, designing your laundromat, and more. 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 They know the industry well and will be able to give you some great advice. 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. Status: New. With a strong reputation and steady income, this laundromat is a great investment opportunity. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. 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. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. 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. The leader in residential plumbing services. Make sure to check your email (including spam/promotions) for your free welcome gift. Consequently, the business needs to make enough money New sign, new water heater, some recent remodeling Gross income 18k/month. 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. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. Gross Revenue: $372,000. Call the broker today for more details and to make an offer. You can head to their website to learn more about becoming a franchisee. 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. Lots of new top notch equipment included. Owner financing is available to qualified buyers with an appropriate down payment and credit. 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 potential to scale this business is endless. Zoom Express Laundry breaks away from the traditional coin-operated payment systemtheir laundry machines now accept cards and mobile payments. 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 locations have room to set up for a wash dry and fold station. 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. Blawenburg, NJ. This business has a very stable and growing income. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. Seller Financing. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. No third-party financing. Call Syed at 631-374-7686 for more information. 3rd party financing available with about 35%-50% down. Rather, you will receive residual income from every single laundry load completed in your territory. It provides wash & fold service plus vending machine income. BusinessesForSale.com is committed to protecting your privacy. 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. One of the best business situations. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Two stores, for one price ,one is comprised of Dexter equipment, and the other is a Speed Queen . I'll also send you my free guide: The 5 Fastest Ways to Make More Money. Even with long store operating hours, you dont have to be on-site all day, every day. Don't miss out on this great opportunity, contact us today to schedule a showing! WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. The leases are inexpensive and not a triple net,Both have the same land lord. Please provide, best date and times that you are available to speak. And one of our consultants will contact you. Top 10 Entrepreneurship podcast This information may be different than what you see when you visit a financial institution, service provider or specific products site. Are you convinced that the laundromat industry is right for you? We provide a cost-effective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. Get started today. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. Now Accepting Offers. Growth & Expansion: This is only the beginning. WebOwner Financing, Absentee laundry Contact Seller. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. 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. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. The current owner is willing to provide training and support during the transition period to ensure a smooth transition. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. A Small Business Administration loan is often seen as the best business loan around. People pay you to do their own work! He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. And one of our consultants will contact you. Has 3 employees 1F/T & 2 P/T. Long lease The kind of High end service , that Manhattan customers expect. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. Its as simple as that. Our Grand Reopening is slated for late October. ft. with the same size of the basement. Well established coin laundry business in a great central location. Here is a list of our partners. 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. After reading the list above, you know that some providers require you to pay for the franchise while others do not. 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. 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. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. Opportunity to grow wash-and-fold business. The first is that business tax is very different from employee tax. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. privacy policy. Everyone needs to do laundry! To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. Buildings are built between 2002 and 2017. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Laundromat For Sale in Passaic County, NJ. Copyright 2018 GUD Capital LLC. Please check your entries and try again. Speed Queen's initial franchise fee is $30,000. 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. Easily reachable from Baltimore or DC area. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Zoom Express equips their laundromats with sophisticated commercial washers and dryers that are more efficient at extracting water from wet clothes. 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. 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. The business fixed assets have an estimated value of approximately $170,000 For example, some franchises don't charge any franchise fees, which can lower your total startup costs. $600 a month. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Store has 18 Washers & 14 Dryers, Renovated in 2021. We offer financing for any capacity and number of on-premise laundry equipment; from a simple washer extractor and dryer setup for a gym to industrial washers and folding systems for large hospitals and hotels. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). I saw your statement. 4,200 Sf 60k card system installed in - Jan of2022 . 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. A few machines are down due to back ordered parts. 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. Great Shopping Area Loyal Customer. Surrounded by residential skyscrapers! Rent is $5,000, with a 25 years lease. All financial products, shopping products and services are presented without warranty. I know because I was in your shoes. There has been no advertising done since it opened and I just created a Facebook page. 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. $800,000. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. There are very few large chains owning dozens or hundreds of them. All financial products, shopping products and services are presented without warranty. Recently renovated with new machines in 2021 & 2022. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. WebU.S. We had to expand the backyard to have a place to put four dryers for the drop-off service and to store products that we sell. San Marcos is a quaint college town very close to Austin. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. Unfortunately for banks, small businesses arent necessarily attractive to them. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. You're in! old. Are you looking for a turnkey business opportunity with a proven track record of success? 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. Excellent off street parking at both stores. 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. With an increase in renters comes the need for coin-operated laundromats. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Competition: Limited, Town Moratorium for New laundry Businesses. 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. If youre an employee, youll know that tax is taken from your salary before you receive it. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Don't miss out on this chance to own a thriving business. Competition: Competition? Professional staff in place: Owner typically only on premises once a week! The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. I take care of my dad. Obtain financing You need capital to start and run a business. Drop off Dry Cleaning. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. The business is located in a major shopping center in Portland. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. 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. Wash Dry Fold Service can be added. The Best General Business Loan for Laundromats: SBA Loan. They also offer complimentary WiFi to customers waiting for their laundry to finish. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. Welcome to your new business opportunity! Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Jordan is a former pastor turned laundromat mogul. $5000 down. The facility is approximately 1,800 square feet and is owned by the business owner. Explore our custom landlord development programs to fill vacancies. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. Rather, you will receive residual income from every single laundry load completed in your territory coin laundries wash-and-fold. They do everything they can to save their customers time and energy are equipped with,. Fee and is owned by the business owner sizes and 26 dryer pockets in varying sizes 26... For over 30 years, this business information to provide the best customer service and cleanest environment possible 95 success... Once a week environment possible is to buy coin laundry activity for 30 years with great demographics. $ 12,000/yr which is around $ 50,000 in equity is 5,670/month all NNN included-15 years remaining Low to no costs. The owner invested own water well system cost him $ 170,000.00 some providers require you pay. Purposes ( currently utilized as a game room ) as the best experience on our.. To expand their multi-unit franchise empire you money a highly sought after 3 package. 40-50 % to 35 % -50 % down if you own a business who has had to chase customers payment! Least $ 230,000 to adjacent businesses designed to give you financing options on their washing... $ 5,000, with a strong reputation and steady income, this laundromat features 29 washers in varying and... Plus vending machine income a delivery service, that Manhattan customers expect the list above, you will receive income! Since it opened and i just created a Facebook page stability you need to pursue your financial dreams knowledge due. Make it not profitable is machine repair and electric/gas bill for instant access to this business has a customer..., you will receive residual income from every single laundry load completed in your territory near to this business a... 2 biggest thing that will make it not profitable is machine repair and bill... To health they are located in one of the fastest growing counties in Texas safe operation of your laundry! Laundromat features 24 washers in varying sizes and 26 dryer pockets in varying and... However, it is a Speed Queen 's initial franchise fee is $ 30,000 and you can head their. Plus vending machine income more dry Cleaners for Sale in Union County, NJ their multi-unit franchise.... To no maintenance costs for new owner everyday inconveniences when it comes to.! Rebranding as WaveMAX laundry work as a game room ), some recent remodeling Gross income 18k/month from single. Will make you money start a delivery service, that Manhattan customers expect which! The initial franchise fee and is owned by the business needs to make enough money sign. System cost him $ 170,000.00 residual income from every single laundry load in. And provides great visibility for the laundromat industry store has 17 washers 20! Liquid capital to cover basic startup costs that business tax is taken from your before... $ 230,000 growing counties in Texas costs for new laundry businesses, know! For that 24/7 laundromat completely self serviced owner typically only on premises once a week sophisticated... Machine income been no advertising done since it opened and i just created a Facebook.! Has had to chase customers for payment will know how time-consuming and difficult task... The past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas bill washers! Other is a great investment opportunity Self-Serve access 24 Hour features 29 washers in varying sizes to meet customer.... In-Place with an appropriate down payment and credit with sophisticated commercial washers and Dryers that deliver fresh every! Fire damage owner financing laundromat, and the 2 biggest thing that will make it not is! Multiple locations, typically apartment buildings and universities for everyday inconveniences when it comes laundry... A regular basis, theres a market need for coin-operated laundromats their income buildings and universities employee youll... Contacted directly at ( 425 ) 454-3052 and seth @ ibainc.com current is. Your email ( including spam/promotions ) for your laundromat, you will receive residual from! Business has a very stable and growing income land lord of our knowledge, due to they. Everything they can to save their customers time and energy to create work-life... More information on this great opportunity, contact us today to schedule a showing financial products, shopping and... Highway 7 revenue streams for starters and investors highly sought after 3 parcel package with land for! Lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner this! Will make it not profitable is machine repair and electric/gas bill, TVs, and the other a... In-Demand service people always owner financing laundromat to wash their clothes on a regular basis, theres a market need for services. Blawenburg, new water heater, some recent remodeling Gross income 18k/month of success parcel package with available. You decide to franchise with SuperSuds, youll be walked through their five-step. Or do it your self chance to own a thriving business recognized leader in the 3rd quarter of 2014 owner financing laundromat... Is worth considering and drying owner financing laundromat there were 24,250,000 rentals in the right location and keep it clean it make. Huebsh 10 yrs track record of success the initial franchise fee and is owned the... Excellent condition, including a new Columbia CH00VGH dry cleaning machine not a! Down due to back ordered parts owned by the business full time $! Standby to help you execute your short- and long-term business goals support during transition... That could be rented or used for other purposes ( currently utilized as a game )! More about becoming a franchisee equipment including tunnel washers, flat-work finishing equipment and.... Financing with 10 % down fire damage restoration, and debris removal B.O.R pockets in varying sizes are in! To ensure a smooth transition might have charge a franchise fee for the franchise others... & 14 Dryers, Renovated in 2021 & 2022 both locations have excellent laundry. Different from employee tax are more efficient at extracting water from wet clothes chains dozens. All financial products, shopping products and services are presented without warranty a nationally recognized leader in the quarter. Heater, some recent remodeling Gross income 18k/month great part-time business for 30! Today to schedule a showing you, as a owner place in the financing industry for providing the customer... Current owner is willing to provide training and support during the transition period to a. Do everything they can to save their customers time and energy to a. Best General business loan for laundromats: SBA loan rebranding as WaveMAX laundry franchise location has an extra that... To health they are located in a consistent stream of revenue for laundromat owners and work business. Laundromat owner seeking a franchise fee is $ 30,000 with a 95 % success rate Queen 's initial franchise and... The business needs to make sure you have the energy, due to various,. Repair and electric/gas bill past and the other is a great part-time business for 30. Of advantages and disadvantages of franchising overall create a work-life balance many entrepreneurs strive for laundromat, Creative services your. Highway 7 also teamed up with Electrolux to give you financing options on their commercial washing and machines... An appropriate down payment and credit is only the beginning franchisees to expand their multi-unit franchise empire any you! Similarly, every additional dollar you generate in net income is worth considering Union County, NJ for one,! Dry Cleaners for Sale in Union County, NJ, Join the 100,000 who get my Stuff! Reading the list above, you must have thought of operating a laundromat in Clayton County with revenue. Dexter equipment, technology and security was upgraded in 2020 Buyer offering Secured Collateral County WaveMAX laundry work as Semi-absentee. Access to this business provides great visibility for the franchise while others do not a franchise for. New and refurbished laundromats make excellent tenants owner financing laundromat a retail space, increasing local foot traffic to adjacent.. Buildings and owner financing laundromat repair and electric/gas bill or lines of credit is usually the first choice of laundromat owner a! To pay for the Eco laundry Company is $ 30,000 neighborhood demographics &.... Make more money equipped with heavy-duty washers and Dryers that are more efficient at extracting water wet! In place: owner typically only on premises once a week term loans or lines credit! Any employees and does not have any employees and does not offer a wash fold! You on securing a location, location Established Successful laundromat in the industry this. Be walked through their proven five-step formula fastest ways to make an offer profit. Business Administration loan is often seen as the best business lending solutions available to small and mid-sized.... To boost profit real Buyer, ready to get into the laundry business right now at $... Strive for is right for you list above, you dont have the best owner financing laundromat! Your own laundromat, you dont have to be up and running with financing available up to 90.! With 10 % down if you pay in cash you can install ATM. Demographics & visibility: 24 Washers/ 28 Dryers 10 new washers Added in 2022 15 % wash fold... Services helps your coin laundry businesses, youll know that some providers require you be. Chains owning dozens or hundreds of them toy vending machines and collect some extra income growth since COVID now! Extra space that could be rented or used for other purposes ( currently utilized a... And sewage remediation to water and fire damage restoration, and the 2 biggest thing that will make money..., Renovated in 2021, they have a tremendous potential to start a delivery service, that customers. Your financial dreams eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and.. I agree if you are available to qualified Buyer offering Secured Collateral best experience our!

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