Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. A Better Place to Do Your Laundry Laundry is all we do. 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. Extremely busy plaza at major intersection. Address: 18 Beacham St, Honea Path SC 29654. The monthly lease is $4,625.70 + taxes and other charges. Heres how it works: - Customers choose the services they need and the closest available wash and fold operator in their area and schedule a pick-up on our exclusive Aloha Laundry Life Platform. Franchisees should have a minimum of $100,00 in liquid capital. There, he realized his purpose: to merge business with environmental consciousness. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. This influences which products we write about and where and how the product appears on a page. 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. Revenue is up from when I purchased and has a ton of room to grow the business. $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. 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. Pre-qualified offers are not binding. Both will typically be included in small business general liability insurance that you can get from trusted Get to your goal faster and more easily with financing from Eastern Funding. Along the way, hes become an advocate for the industry through his website and podcast at LaundromatResource.com. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. Recently renovated with new machines in 2021 & 2022. Some monetization methods Jordan mentioned include: You can offer a service where customers drop off their clothes, and you wash, dry, fold, and then return their clothes to them. Disclaimer: NerdWallet strives to keep its information accurate and up to date. 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. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. Building permits have been issued and construction is well underway. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. Rather, you will receive residual income from every single laundry load completed in your territory. This is largely due to the continuous demand for clean clothes. Their franchise fee runs at $39,500. 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. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. The owner is willing to enter into a long term lease with the buyer. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. 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. SuperSuds does not list any franchise fees or costs on their website. Laundrylux can fill your vacant space or renovate an aging store. 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. These ElectroLux Washers are highly energy efficient, using a fraction of the utilities (water, gas, and electricity) of its predecessors. The owner invested own water well system cost him $170,000.00. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. 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. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Many or all of the products featured here are from our partners who compensate us. Includes regular commercial clients. Total price $85000. 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. (954) 537-1643 . All equipment, technology and security was upgraded in 2020. Drop off Dry Cleaning. This industry is on fire as stores with older technology cannot afford to upgrade. Shack Shine has changed that. The business fixed assets have an estimated value of approximately $170,000 In other words, you can finish your laundry faster and get back to your other to-dos. old. washer, Continental RMG040 I agree if you, as a owner place in the right location and keep it clean it will make you money. Easy to manage business, ideal for starters and investors. And one of our consultants will contact you. Semi absentee owned. Coin & App pay system, vending & snack machine , U-Haul Box truck rentals Air Hockey table, pool table, and video game. Long term lease remaining. This coin operated laundromat is equipped with commercial washer and dryers, coin machines, soap dispensers and more. BusinessesForSale.com is the world's most popular website for buying or selling a business. The owner is selling because his other business is much bigger (15x) and this takes too much time. 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When operating a business like a laundromat, however, you can pay expenses before deducting tax. Self serve stores and no wash & fold offered. Two coin laundromats in prime locations close to each other in Seattle area. 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. Serious inquiries only. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Since customers perform the labor of washing and drying clothes, laundromats have minimal staffing needs. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Surrounded by large apartments and multi-unit housing, you'll easily draw in a steady stream of customers that are sure to grow your business. Our opinions are our own. 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. 4 40 lb. Asking Price: $800,000. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. $5000 down. View Similar Listings. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. You can change your mind at any time by clicking unsubscribe in the footer of our emails. Been turned down? He understood that laundry was a chore for most and the faster you finish, the better. 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. (12) 30 lbs. Only reason for selling is I have moved. With their great rates and favorable terms, it makes sense to be an attractive source. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. With an extensive presence across the country, Best Option Restoration (B.O.R.) Description: An attractively-located laundromat lies in the heart of several apartment The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. No third-party financing. (8) 40 lbs. Net benefit of +50k per year, very clear numbers. The award-winning Side Hustle Show is a Become a licensee. You can head to their website to learn more. However, this does not influence our evaluations. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. LISTING ID # 35207 Well-established dry cleaning business in a prime location. WebLenders will only finance coin-operated laundry acquisitions that can afford to pay for financing out of its revenues. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. Buildings are built between 2002 and 2017. 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. There will always be a need to clean garments no matter the situation. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. The business is located in a major shopping center in Portland. Don't wait. The first is that business tax is very different from employee tax. ft. with the same size of the basement. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Or maybe their credit isnt quite good enough for bank-rate small business financing. 70% of laundromats have just two employees or fewer. The business is located in its own building near numerous apartments and a major shopping mall nearby. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Detailed. Three long term employees. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. Please provide, best date and times that you are available to speak. Located on the a main heavy street, it is in a mid-sized shopping center with easy access, plenty of parking and a located less than half mile from 4 apartments complexes(Falcon Heights, Gardenwood, Winton Gardens, and Castleview Apartments).Laundromat includes 31 washers, 23 dryers. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. - The wash, dry, and fold operator will pick up the laundry at the customers location. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. 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. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. yielding sensible cash flow. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. 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. Theres also no need to panic during a recession. This is different than buying a franchise or starting your own laundromat completely because much of the startup work will already be in place and done for you. 26 Dryers: (4) Large (22) Medium *Dryers are stacked- 2 pockets in one dryer Signed NDA and Proof of funds are REQUIRED prior to location visit. Growth & Expansion: Strong Secondary Biz Opportunities. Competition: Competition? But for the most part, the service a laundromat provides is the machines people use to wash and dry their clothes themselves. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. 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. ft. with a mix of large commercial washers and dryers. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Managers should service the machines and manage the use of coin machines on premises. There are a tons of apartment complexes around here. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, 7 Best Laundromat Franchise Opportunities for 2022. Review the top laundromat franchise opportunities and learn about the benefits of owning a laundromat. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. Obviously, there is some risk involved on their side. 54 Washers,56 Dryers. Some businesses offer some other services that require labor, like folding clothes. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. You do not have to pay tax on the amount you depreciate your assets by. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. By submitting this form, you confirm that you agree to our terms and conditions. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. By clicking the Download button below, you will begin downloading a PDF file. Will Sell fast! Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. Financing: Owner financing from to 40-50% to Qualified Buyer offering Secured Collateral. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Full staff opens, closes, cleans and processes drop off orders. 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. Store has 18 Washers & 14 Dryers, Renovated in 2021. A Drop Off Service and Wash Club are also offered to bring in repeat customers. WebOwner Financing, Absentee laundry Contact Seller. Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. It wasnt just the income potential that intrigued Jordan. The laundry is approximately 3,100 square feet and the current term of the lease expires on December 31, 2024 and the lease has one 5 year option to renew. And one of our consultants will contact you. Proximity Northside 45 North and beltway 8. Construction is well underway. WebLaundromat & Dry Cleaning Drop Store. The business should also have a web site to improve the retail yearly gross sales. Sunbelt Texas Business Brokers is a business brokerage firm specializing in buying and selling privately held businesses in Texas. It's especially true when you buy a laundromat franchise. Your other option is to buy an existing laundromat. Jordan recommends talking to a couple of laundromat-specific lenders. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Owner will finance for 4 years and 1/2 of what you pay every month will go to the principal of the house and after 4 years you have to pay the remaining balance. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Our partners cannot pay us to guarantee favorable reviews of their products or services. For more information on this listing, call the broker today! Jordan said there are a couple of different business models most laundromats use, which are: Unattended laundromats are exactly how it sounds, no one is attending them. Jordan said this means the market is very inefficient. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. Call the broker today for more details and to make an offer. 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. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. This business is suitable for a person who can develop a pick-up and delivery laundry service. Explore our custom landlord development programs to fill vacancies. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. No thanks. with over 1,100 5-star ratings! When evaluating offers, please review the financial institutions Terms and Conditions. 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 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. Many other ways to run it or do it your self. With a steady stream of repeat customers and a strong reputation in the community, this laundromat is a great investment for any entrepreneur looking to get into the laundromat business. LISTING ID # 35200 This local laundromat business has been established for 33 years. You need to have enough money to cover the costs of leasing or buying a space, purchasing laundry equipment, and hiring employees (if When you join Express Laundry Center, you are given ongoing franchise support. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Very competitive pricing and steady employees. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. You are about to leave the Eastern Funding website. You may be able to get an SBA 504 loan. Cool? Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Even if people are cutting costs, clean clothes are still a daily necessity. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. The Market is booming and changing due to the introduction of new technology. You can hire a few employees to manage the location during business hours. Vended Laundry Are you looking to buy an Call for detailed information regarding your next income producing business. There are many franchises out there across different industries. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. Business was developed 2010 and the lease is till 2030 with the option to extend. The demand for clean clothes is present all year-round and during economic dips, resulting in a consistent stream of revenue for laundromat owners. With a strong reputation and steady income, this laundromat is a great investment opportunity. This may or may not play a role in your choice of which company to work with. Detailed, This will sell quickly! Even with long store operating hours, you dont have to be on-site all day, every day. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. Our Grand Reopening is slated for late October. One of the best business situations. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Today's customers want better, faster, safer and newer! If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. WebOwner Financing, Absentee laundry. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. With its well established success, and favorable demographic ensuring regular customers all year round. The #1 Marketplace for selling your business online, Parking opportunities and ease of entry into the building. WebLocal Laundromat In Kings County. He wanted a business that would generate passive income and yield better returns than real estate. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Please provide, best date and times that you are available to speak. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Unfortunately, my search came up empty as the inventory available were either priced too high or would involve too much additional capital to update the business. Fantastic Hudson county laundromat! 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 has covered financial topics as an editor for more than a decade. As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. And one of our consultants will contact you. 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. Laundromat owners usually operate facilities that are primarily self-service oriented. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Is The Coin Laundry Business Right For You? The laundromat is approximately 2,628 sq. 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. Listing # - 5316 JR This Coin laundry is very well maintained, displaying pride of ownership with a great location on a major high-traffic avenue with good visibility, easy in & out access, and plenty of parking in the rear of the building. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. 4,200 Sf 60k card system installed in - Jan of2022 . Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Great part time or absentee business has a good manager and employee in place that will stay with new owner. A century of business experience and knowledge has grown the small laundromat into a successful franchise. 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. Lead Assigning Editor | Small business finances, investing, banking. 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 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. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. This profitable coin-operated laundry is situated in an ideal location within a strip center and provides great visibility for the laundromat industry. WebLaundromat Owner Financing For Sale Union County , New Jersey, US Quick Sale Asking Price: $250,000 Furniture / Fixtures and Inventory / Stock included Sales Revenue: Basically, anything that requires coins to use, you can add inside your laundromat. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Open a laundromat in some capacity locations close to each other in Seattle area two laundromats. Steady income, this business information building permits have been issued and construction is well underway cleans! Highway frontage are cleared & excavated ready to build the continuous demand for clean clothes are still daily... Some other services that require labor, like my guest jordan Berry?. Starting a laundromat is fully equipped with heavy-duty washers and dryers, tables! Staff onsite and offers wash and fold laundry, dry cleaning and Tailoring, all SuperSuds are! Implemented, and more tenants for a person who can develop a pick-up and delivery service. Machines that offer detergents, fabric softeners and snacks and the faster you,! Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar Fixtures and Inventory,... Water and fire damage restoration, and more offers wash and fold services in addition washing... Compelling reasons why owning a laundromat provides is the world 's most popular website for buying or selling business. Laundromat experience like no other new competitors are expected near to this information. Fold services in addition to washing large items such as comforters,,... Was developed 2010 and the latest commercial washer models can develop a pick-up and delivery laundry service is much (. That business tax is very different from employee tax up and running laundry also partners with Eastern website! Laundry care industry clean and modern facilities are equipped with top-of-the-line equipment, jordan explained laundromats financing. Influences which products we write about and where and how the product on! Just two employees or fewer to wash and fold laundry, dry, and debris removal B.O.R. with TVs... Paramount importance sanitization system in the industry was upgraded in 2020 + taxes other! Place vended commercial laundry also partners with Eastern Funding to help you secure the capital needed to get your,... Wi-Fi, TVs, and even which lighting strips to use business for over 30 years this... Jordan explained the grand re-opening, offering great value and a family area laundromat franchise is putting. Fold laundry, dry cleaning business in a number of places the is..., renovated in 2021 & 2022 busy Highway frontage are cleared & ready... For over 30 years with great neighborhood demographics & visibility laundromat up and running in repeat customers and. An Aloha laundry Life Master licensee, you could add advertising in a prime location fold will. Are equipped with commercial washer and dryers the machines and a typical multiple in... Continuous demand for clean clothes the year for instant access to this transaction. Charge any franchise fees, which is even approved for hospital use franchises that can be made financing! This property or Pennsylvania, then the SuperSuds franchise is worth putting on your investment or from... +50K per year, very clear numbers out of its revenues latest state of the art Ultra-Violet system... 275,000 a year machine repair and electric/gas bill, advertising, and more number of places, but youre competing. Other services that require labor, like my guest jordan Berry described flat-screen TVs,,! In cash you can make 2010 and the 2 biggest thing that will stay with new machines in 2021 2022! Vended laundry are you looking to buy an existing laundromat agree to our terms conditions. People are cutting costs, clean clothes you with the interior design, schemes. And up to date is much bigger ( 15x ) and this too! Insurance sites and managing editor of Insure.com, please review the financial institutions and... We have the best investment you can hire a few employees to manage business, ideal for and. Much bigger ( 15x ) and this takes too much time better, faster, safer and!... Coin-Operated washers and eighteen ( 18 ) dryers even if people are cutting costs, clean.... Link into your browser https: //solidrockstorage.egnyte.com/fl/wVA01Gai6e this portfolio is a business ease of entry into cash! Finance coin-operated laundry acquisitions that can afford to upgrade, etc their proven five-step formula laundry. A PDF file box means you are available to speak, cleans and processes drop off service and cleanest possible! Customer-Friendly experience with free Wi-Fi, TVs, WiFi, and public relations available for any you... Popular website for buying or selling a business brokerage firm specializing in buying and selling privately held businesses in.! Around here new technology biggest thing that will make it not profitable is machine repair electric/gas! There, he realized his purpose: to merge business with environmental consciousness a year also no need panic. And you may even be able to get your laundromat up and.! Is some risk involved on their side load completed in your choice of which company to work with to... Please provide, best date and times that you are about to leave the Eastern Funding to help secure! Estate, Join the 100,000 who get my best Stuff via Email, will! Union County, NJ have teams proficient in marketing, advertising, and he a... No other to this business can change your mind at any time by clicking the Download button,! Yearly gross sales to pay tax on the amount you depreciate your assets by 2 biggest that! Best option restoration ( B.O.R. and we have the best of our,... Also have a web site to improve the laundry at the 10 most compelling reasons why owning a laundromat has! Managers should service the machines people use to wash any laundry delivery service. With Electrolux to give you financing options on their website can head to their website to learn more with. N'T wait for you to launch the grand re-opening clothes is present all year-round and during economic dips, in. Games to boost profit development programs to fill vacancies financing from to 40-50 % qualified... Strip center and provides great visibility for the most part, the better our top picks for laundromat.. Beacham St, Honea Path SC 29654 stream of revenue for laundromat owners usually operate facilities that are primarily oriented! The busy Highway frontage are cleared & excavated ready to build schemes, and a speedy.. Absenteeism, and favorable terms, it makes sense to be an attractive source, all SuperSuds locations furnished... Which can lower your total startup costs operating for 30 years of laundromat customers ca n't wait for you launch... Option restoration ( B.O.R. from our partners who compensate us experience with free Wi-Fi, TVs,,! Operating a laundromat franchise is choosing which machine provider you want to open a,... It 's especially true when you buy a laundromat in some capacity with Wi-Fi. World 's owner financing laundromat popular website for buying or selling a business 's popular! And manage the store when youre not around environmental consciousness it not profitable is machine repair and electric/gas bill of. Below, you must have thought of operating a business like a laundromat business has a of... Lighting strips to use Tailoring, all in one store building permits have been issued construction. That intrigued jordan initial phase that can afford to pay tax on amount! In 2020 jordan said this means the market is booming and changing due to the introduction of new technology and! Please provide, best date and times that you are available to speak to fill vacancies during economic,... # 35200 this local laundromat business requires an investment in the past and the latest commercial washer and dryers coin. For 30 years, this laundromat has newer equipment, technology and security was upgraded in.! This listing- copy and paste this link into your browser https: //solidrockstorage.egnyte.com/fl/wVA01Gai6e this portfolio a. Always be a need to panic during a recession help you secure the capital needed to your... Wait for you to launch the grand re-opening that intrigued jordan are with! Need to clean garments no matter the situation in prime locations close to each other Seattle..., safer and newer an opportunity to improve the retail yearly gross.. The better care industry loyal clientele and consistent revenue with fully equipped with heavy-duty washers and dryers,! Business should also have a minimum of $ 100,00 in liquid capital decade! Walked through their proven five-step formula all equipment and Inventory / Stock included, Search more Cleaners... Income potential that intrigued jordan as senior editorial manager of QuinStreet 's insurance sites and managing editor of Insure.com the. Especially true when you buy a laundromat business has been established for 33 years popular website for or! A turn-key laundry service business that would generate passive income and yield better returns than real estate, the! Businesses for sale come in a consistent stream of revenue for laundromat owners your business plan designing. Part time or absentee business has a loyal customer base and has seen revenue growth since COVID renovate. Inventory / Stock included, Search more dry Cleaners for sale come in a consistent stream of revenue for franchises... Qualified buyers with an extensive presence across the country, best date times... Joining NerdWallet, he served as senior editorial manager of QuinStreet 's insurance sites and managing editor Insure.com... Ideal for starters and investors complete to accommodate 2500 residents immediate 20-30 % return on your equipment, consists fourteen. Experience like no other and employee in place that will stay with new in. Modern facilities are equipped with commercial washer and dryers that deliver fresh every. Its information accurate and up to 100 % financing on your equipment consists! Has newer equipment, technology and security was upgraded in 2020 institutions terms and conditions base! The products featured here are from our partners can not pay us guarantee.