10. There are a couple of areas where you can save taxes by operating a laundromat: Laundromats are cash businesses, or simple businesses as Jordan calls them. No thanks. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. 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Staff in place. 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. Pre-qualified offers are not binding. However, this does not influence our evaluations. Make sure to check your email (including spam/promotions) for your free welcome gift. Welcome to your new business opportunity! Includes regular commercial clients. Explore our custom landlord development programs to fill vacancies. A Better Place to Do Your Laundry Laundry is all we do. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Our partners cannot pay us to guarantee favorable reviews of their products or services. The first is that business tax is very different from employee tax. By submitting this form, you confirm that you agree to our terms and conditions. Call or email for more information. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. 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. Call soon as this one won't last long! The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. 4 40 lb. 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? This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Choose a business name. 2023 Laundrylux Inc. All rights reserved. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. WebWith 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. Learn more about how to get financing in our guide to laundromat business loans. The second way is that you can depreciate your machines and assets each year and effectively write off that value. For more information on this listing, call the broker today! We believe everyone should be able to make financial decisions with confidence. 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. There will always be a need to clean garments no matter the situation. 4 30 pound, Continental Express Dry, KTT30 Traditional bank term loans or lines of credit is usually the first choice of laundromat owner seeking a small business loan. Even if people are cutting costs, clean clothes are still a daily necessity. This is because its in their interest to have you purchasing a laundromat and their machines. The laundry has plenty of parking right in front of the business. Address: 18 Beacham St, Honea Path SC 29654. Established Neighborhood Laundromat for sale in NJ. All equipment will be working properly upon closing. For more information about becoming a franchisee with this innovative brand, check out their website. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. holds its technicians to the highest standards in the field. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. Excellent location. You may need to install Adobe Acrobat Reader to view the file. 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. The next best option is an alternative small business loan. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. A few machines are down due to back ordered parts. Current lease is 5,670/month all NNN included-15 years remaining Low to no maintenance costs for new owner. And one of our consultants will contact you. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. 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. And one of our consultants will contact you. With their great rates and favorable terms, it makes sense to be an attractive source. Find out more about what we do with your information in our privacy policy. WebLarge 2 br house owner finance. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. Established in 1996, the website is an international marketplace of businesses for sale. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. When evaluating offers, please review the financial institutions Terms and Conditions. H-Mart grocery anchor. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. The minimum liquid cash required for getting started with this franchise is $75,000. Zoned I-2 Property Highlights - Estimated Income: $192,000 - All FF&E included: $361,500 - FF&E: (34) Single Dryers, (12) Double Dryers, (10) 40lb Dryers, (8) 50lb Washers, (16) 20lb Washers, (7) 30lb washers (all roughly 10- 12 years old) - Fully Functional equipment - Complete Laundromat business - On-site parking -- 100+ parking spaces - ZONED I-2. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? WebOwner Financing, Absentee laundry Contact Seller. WebLaundromat & Dry Cleaning Drop Store. Will Sell fast! Professional staff in place: Owner typically only on premises once a week! This is the one you've been waiting for. However, talking about his experiences, Jordan called laundromats a tax advantage business.. With its well established success, and favorable demographic ensuring regular customers all year round. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Whether you procure a loan backed by the Small Investment ranging $475,000 to $675,000. We Fund Laundromats has one of the In economic terms, the demand for washing clothes is inelastic. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. I searched for a better way to be part of this multi-billion dollar industry. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. I didnt have a problem with manning or cleaning it up, just the repairing the washers & dryers and I should have closed it nightly too. Top 10 Entrepreneurship podcast Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. A century of business experience and knowledge has grown the small laundromat into a successful franchise. Financing available. Loyal client base and strong presence on internet search with many reviews. In addition, he served as an online media manager for the University of Nevada, Reno. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. SuperSuds does not list any franchise fees or costs on their website. That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. Month after month this app/web based laundry service is growing. 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. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Total price $85000. ft. with a mix of large commercial washers and dryers. You can pick up where the previous owner left off and start collecting quarters the next day. Gross Revenue: $372,000. This is largely due to the continuous demand for clean clothes. Please provide, best date and times that you are available to speak. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. But, I sold it. Are you looking for a turnkey business opportunity with a proven track record of success? Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. This email address is already registered. Do not sell or share my personal information. We leave the competition behind. Or maybe their credit isnt quite good enough for bank-rate small business financing. Income should be able to reach $350k with someone who can put a little time into it. He wanted a business that would generate passive income and yield better returns than real estate. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. Disclaimer: NerdWallet strives to keep its information accurate and up to date. When you think of having your windows, and gutters cleaned, driveway power washed, or Christmas Lights installed were willing to bet you cant think of a household name. But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. Absentee management. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. $5000 down. Competition: Limited, Town Moratorium for New laundry Businesses. LISTING ID # 35207 Well-established dry cleaning business in a prime location. Our top priority is to guide you through a successful transaction we have the energy you need! washer, Continental EH020 We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. 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. Elevate your future with a legacy-building business! Full staff opens, closes, cleans and processes drop off orders. Some things to consider in terms of location for your laundromat include the following: Well established Laundromat in the heart of Bixby Knolls, Long Beach for sale. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. After reading the list above, you know that some providers require you to pay for the franchise while others do not. You can head to their website to learn more about becoming a franchisee. Call Syed at 631-374-7686 for more information. Please provide, best date and times that you are available to speak. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. 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. Incredible Investor opportunity available. Fluff & Fold Service available. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. You can create your own destiny. Franchise up and running enough for bank-rate small business loan real estate to prove this.. 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