Income should be able to reach $350k with someone who can put a little time into it. The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. This frees up your time and energy to create a work-life balance many entrepreneurs strive for. Laundromat For Sale in Passaic County, NJ. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. By engaging our worldwide connections to buyers and sellers, Sunbelt Texas is able to facilitate smooth transactions in each industry marketplace. Loyal client base and strong presence on internet search with many reviews. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. Rent is $5,000, with a 25 years lease. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. When evaluating offers, please review the financial institutions Terms and Conditions. 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Is The Coin Laundry Business Right For You? WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: pls , reply if you ,would love to hear how you handle the repairs. 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. ft. - Renovated with new machines, floors, counters, paint, etc in 2021 - 52 Washers 20lb to 100lb (several huge washers) - 58 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, excellent parking with ramp - Surrounded by apartments - Excellent staff thats been in-place 5+ years - Digital POS system that manages inventory Location #2 (Pasadena) - Price $1.0M | Cashflow: $160K - We invested $1.5M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Huge store. With easy access to parking, this high traffic area has endless possibilities. The leader in residential plumbing services. And one of our consultants will contact you. The washers and dryers accept credit cards or coins. There are a tons of apartment complexes around here. You may be able to get an SBA 504 loan. The top laundromat franchise opportunities, 5 reasons to enter the laundromat industry, How to Apply for and Get a Business Loan in 5 Steps, Small-Business Grants: Where to Find Free Money, SBA Loan Overview: Types, Pros and Cons, How to Apply. 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. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. If there is a service component or some other reason why customers cant self-serve, youll need to have a member of staff in the laundromat all day. It wasnt just the income potential that intrigued Jordan. People pay you to do their own work! The monthly lease is $4,625.70 + taxes and other charges. Many laundromat franchises have these benefits, and more. 18 pockets Dryers ** This is two large laundromats for sale separately or together. Franchisees should have a minimum of $100,00 in liquid capital. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. 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 Expand Only Regional Drycleaner, Shirt & Linen Laundry Plant Seller Financing for Strong, Qualified Purchaser 3 Busy Seasons are better than the normal 2 Seasons Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery 29% over national DC average Great Family Lifestyle with Low Cost of Living! Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. We will also send you information about related business and franchise events. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. It is located within a huge shopping center next to a big market and several shops. 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. This influences which products we write about and where and how the product appears on a page. 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. The business should also have a web site to improve the retail yearly gross sales. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Most laundromats right now are run by mom and pop owners, Jordan said. And one of our consultants will contact 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. A Small Business Administration loan is often seen as the best business loan around. Detailed, This will sell quickly! Full staff opens, closes, cleans and processes drop off orders. 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. There will always be a need to clean garments no matter the situation. There are very few large chains owning dozens or hundreds of them. Financing available. Building a loyal clientele within your locations community will help you create a consistent revenue stream. Has 3 employees 1F/T & 2 P/T. In their mission to go green, each location offers reusable and eco-friendly laundry bags, uses energy-efficient machines, and even runs their business on 100% pure wind energy. 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. One of the best business situations. With an extensive presence across the country, Best Option Restoration (B.O.R.) Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Also, they will help you with your interior designing, marketing campaigns, and website design. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Im selling the real estate .60 acres and the business as one. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Extremely busy plaza at major intersection. The reason we are selling is multiple sclerosis. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. 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. Please provide, best date and times that you are available to speak. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Obtain financing You need capital to start and run a business. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. The award-winning Side Hustle Show is a The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Long term lease remaining. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. LISTING ID # 33117 Seller financing is available. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. 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. We offer an opportunity designed to give you the freedom and stability you need to pursue your financial dreams. Disclaimer: NerdWallet strives to keep its information accurate and up to date. 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. WebLAUNDROMATS GENERALLY SELL FOR BETWEEN $30,000 AND $2,000,000 FOR THEIR FULL PRICE, DEPENDING ON THE PROFIT, MACHINERY, LEASE AND SIZE OF THE LAUNDROMAT. is a leader in the restoration industry. WebOwner Financing, Absentee laundry Contact Seller. You will receive newsletters, updates and offers about business and franchise opportunities. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. However, it is recommended for franchisees to have at least $75,000 in liquid capital to cover basic startup costs. Seller Financing. This is largely due to the continuous demand for clean clothes. Maytag Commercial Laundry does not charge a franchise fee and is accepting franchisee inquiries in all states. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. With a strong reputation and steady income, this laundromat is a great investment opportunity. Semi absentee owned. Call Syed at 631-374-7686 for more information. All equipment, technology and security was upgraded in 2020. And one of our consultants will contact you. 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. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. No thanks. Fantastic Hudson county laundromat! They both have options to continue into the future. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. Consequently, the business needs to make enough money The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. The next best option is an alternative small business loan. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Semi Absentee Investors who want to manage a thriving and colorful business from home to., best date and times that you are available to speak send information! Opportunity designed to give you financing options on their commercial washing and machines!, color schemes, and every month the business as one for owner and! Building a loyal clientele within your locations community will help you with your interior designing, campaigns! Across the country, best Option Restoration ( B.O.R. in exchange for an sum. Census national summary report shows that in the 3rd quarter of 2014 were! 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