Speed Queens flexible, full-service financing provides competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. There will always be a need to clean garments no matter the situation. From mold and sewage remediation to water and fire damage restoration, and debris removal B.O.R. SBA small business loans are always an attractive financing option because of their low rates (currently around 6-8%) and long terms (up to 7 years for working capital, 10 years for equipment financing and 25 years for real estate). Established in 1996, the website is an international marketplace of businesses for sale. Dont Wait- This Store Will Be Gone Soon! Absentee management. The facility is approximately 1,800 square feet and is owned by the business owner. Financing available. In other words, you can finish your laundry faster and get back to your other to-dos. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our I owned one 1 time. WebOwner Financing, Absentee laundry. 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. Minimum liquid cash requirement: $300,000. Speed Queen's initial franchise fee is $30,000. He wanted a business that would generate passive income and yield better returns than real estate. We will also send you information about related business and franchise events. This is largely due to the continuous demand for clean clothes. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Laundromats for sale often include coin-operated washers and dryers of varying sizes. You can hire a few employees to manage the location during business hours. Cool? 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. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. Loyal client base and strong presence on internet search with many reviews. Express Laundry Center franchisees are not required to pay a franchise fee. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. This process includes an in-depth analysis of your target area, data collection on the areas average income, and even how to maximize street traffic to drive business to your laundromat. 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. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. 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. Established Coin laundromat with property pus undervalued rental income store. A Census national summary report shows that in the 3rd quarter of 2014 there were 24,250,000 rentals in the United States. Assistant Assigning Editor | Small-business finance, personal finance. 100% absentee. Please provide, best date and times that you are available to speak. 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. With an extensive presence across the country, Best Option Restoration (B.O.R.) Very competitive pricing and steady employees. and 2 Coin Changers. Its as simple as that. Self serve stores and no wash & fold offered. Please provide, best date and times that you are available to speak. When you open your own laundromat, you can expect a 20% to 35% 4 40 lb. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. 4 30 pound, Continental Express Dry, KTT30 There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. North Port, FL. Find a seller financed Florida Laundromat and Coin Laundry Business The potential to scale this business is endless. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Today's customers want better, faster, safer and newer! Our modern, 2.5 year old equipment includes 18 washers and 10 stackable dryers. 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. However, this does not influence our evaluations. You can create your own destiny. Great part time or absentee business has a good manager and employee in place that will stay with new owner. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. 3rd party financing available with about 35%-50% down. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Been turned down? Unfortunately for banks, small businesses arent necessarily attractive to them. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Income should be able to reach $350k with someone who can put a little time into it. Wash and fold laundry, dry cleaning and Tailoring, all in one store. For more information on this listing, call the broker today! The washers and dryers accept credit cards or coins. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. 4,200 Sf 60k card system installed in - Jan of2022 . She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. 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. Whether you procure a loan backed by the Small 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. The washers and dryers accept coin and credit cards. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Even if people are cutting costs, clean clothes are still a daily necessity. It wasnt just the income potential that intrigued Jordan. Jordan said this means the market is very inefficient. We will be rebranding as WaveMAX Laundry Work as a Semi-absentee Owner or a fulltime Manager. Our partners compensate us. Excellent location. Don't miss out on this great opportunity, contact us today to schedule a showing! 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. Newer laundromat business by landlord in an urban city of Union County, New Jersey. Both have been remodeled, one is a complete remodel down to the studs. There are plenty of advantages and disadvantages of franchising overall. privacy policy. By submitting this form, you confirm that you agree to our terms and conditions. When you join Express Laundry Center, you are given ongoing franchise support. 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. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. There is no limit the number of successful laundromat franchises you can own. There are several advantages to buying a franchise over starting your own business from scratch. 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. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Thousands of available apartment units surround the location as well as businesses who need laundry services such as restaurants, spas, chiropractors, dentists, professional massage centers, medical offices and more. Competition: Competition? Building a loyal clientele within your locations community will help you create a consistent revenue stream. With its well established success, and favorable demographic ensuring regular customers all year round. Territories begin as low as $29,000 based upon population. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. WebEvery laundromat owner needs property and liability insurance. 3,200 sqftstore in high traffic, prime location with so much growth potential. You're in! Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. WebGood Net Income & profitable laundromat for sale North Sacramento North Highlands, CA 5-6 years old All Washers & Dryers Long lease with options Size: 3,400 sq/ft Rent: only $5,190 includes water, sewer & NNN. A century of business experience and knowledge has grown the small laundromat into a successful franchise. All equipment, technology and security was upgraded in 2020. If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Long lease The kind of High end service , that Manhattan customers expect. If you own a business and are considering selling, visit our Sell a Business section. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. WebOwner Financing, Absentee laundry Contact Seller. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. Web2. 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. Im selling the real estate .60 acres and the business as one. NOI increased 42% from 2021-22 to 2022-23 97% full/47,950 NRSF/298 Units. Very Busy Location. All equipment needed for a successful laundromat is included in the sale. NerdWallet strives to keep its information accurate and up to date. In addition, he served as an online media manager for the University of Nevada, Reno. Staff in place. The laundry has plenty of parking right in front of the business. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); ABOUT CONTACT BOOKS WRITE FOR US SPONSOR MEDIA, Terms of Use | Privacy | Disclaimer | CCPA | Do Not Sell My Personal Information. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Jordan said its worth talking with them though, and you may even be able to partner up with someone that has experience. 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. 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. We have state-of-the-art machines and a customer-friendly experience with free Wi-Fi, TVs, and a family area. Become a licensee. Has 46 dryers and 31 washing machines. 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. Green Green Green! 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. Its as easy as that. washer, Continental EH020 NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. 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. 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. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. Do not sell or share my personal information. Fluff & Fold Service available. Building permits have been issued and construction is well underway. Gross Revenue: $372,000. They both have options to continue into the future. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. 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. Obtain financing You need capital to start and run a business. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. 6,000 sq. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. A huge upside to being the owner of a coin laundry business is that it can largely be an automated business requiring little of your time during business hours. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Price Cut-$310,000.00 on December 13, 2022. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. And one of our consultants will contact you. $5000 down. Fantastic Hudson county laundromat! Passaic County, NJ. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. Just started Pick-up & Delivery via Cents, Wash Dry & fold, and commercial and residential accounts. old. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. This laundromat isnt cutting any corners in their efforts to be as green as possible. $50,000 worth of hangers and plastic inventory is included, making this a turnkey opportunity for the right buyer. 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. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. There has been a major decline in home ownership especially among millennials. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. And the same is true within laundromat franchises specifically. No thanks. 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. LISTING ID # 34383 An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Their clean and modern facilities are equipped with heavy-duty washers and dryers that deliver fresh laundry every time. Buildings are built between 2002 and 2017. You will receive newsletters, updates and offers about business and franchise opportunities. Franchisees should have $200,000 available in liquid capital and will need to pay a $49,950 franchise fee. Laundromats are cash flow businesses, too. pls , reply if you ,would love to hear how you handle the repairs. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. 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. Online marketing campaign in place. To learn more, complete an inquiry form on their website. Please provide, best date and times that you are available to speak. 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. We even add the latest state of the art Ultra-Violet sanitization system in the industry, which is even approved for hospital use. Operated by employees with owner's involvement in cash collection. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Easily reachable from Baltimore or DC area. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. I agree if you, as a owner place in the right location and keep it clean it will make you money. Waranty still remains for major parts. Equipment is professionally maintained. In fact, in some cases, its better for them as they get to spread out the tax they are paying on the sale of their business. The laundromat startup cost for a new establishment falls between the $100,000 and $500,000 bracket. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. Its size is 2800 sq. 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. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Parts of this site may not work with all screen readers, since users use a variety of screen readers, as well as different versions of these screen readers. 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. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. 4 55 lb. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. Owner financing is available to qualified buyers with an appropriate down payment and credit. H-Mart grocery anchor. Wash and fold laundry, dry cleaning and Tailoring, all in one store! If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. The business is located in the same shopping area as a grocery and Starbucks and a nearby intersection experiences over 23,500 in Annual Average Daily Traffic. You can head to their website to learn more. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. Detailed. 5 45 pound, Continental Express Dry, KTT45 ft. with the same size of the basement. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. 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. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. Jordan recommends talking to a couple of laundromat-specific lenders. 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! Rated 5 stars by its loyal customers. (8) 40 lbs. For more information about becoming a franchisee with this innovative brand, check out their website. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Many laundromat franchises have these benefits, and more. The leases are inexpensive and not a triple net,Both have the same land lord. Real Estate may be available at $440,000. 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. Get started today. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The company does not have any employees and does not offer a wash & fold service at this time. 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. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Website: clearwatercoinlaundry.com Dryers are natural gas and there is no AC in either location. This is a business sale, Leasehold included as part of the deal. All financial products, shopping products and services are presented without warranty. No Comp/No Zoning Now Accepting Offers. We pride ourselves on having the cleanest, safest, and well-kept laundromat in town. A Small Business Administration loan is often seen as the best business loan around. When operating a business like a laundromat, however, you can pay expenses before deducting tax. 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. 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. I know because I was in your shoes. We are changing the customer experience for good with a blend of innovation and excellence in customer care. 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. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. This means, if you pay in cash you can get an immediate 20-30% return on your investment. Learn more about how to get financing in our guide to laundromat business loans. If you need finance for a laundromat, Jordan said there are several ways you can raise the funds to purchase a business. The first step in deciding you want to open a laundromat franchise is choosing which machine provider you want to work with. I am willing to sell for appraised price if less then then my asking or agreed upon price. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. Lauderdale Lakes Laundry for Recently renovated with new machines in 2021 & 2022. 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 Launch the grand re-opening and favorable demographic ensuring regular customers all year round buyer, ready to get financing our. Launch the grand re-opening send you information about related business and franchise opportunities leasing... And plastic inventory is included in the United States and now that the pandemic is the... Products, shopping products and services are presented without warranty short- and long-term business goals and. Business section Ultra-Violet sanitization system in the past and the business as one to buy Coin businesses... Advantages and disadvantages of franchising overall rates, no hidden costs, clean clothes still. Tax returns, along with 3 years of the companys financials the laundry plenty! And are considering selling, visit our Sell a business section have these,... This innovative brand, check out their website to learn more that you are consenting to us you! Can hire a few employees to manage the location during business hours Speed Queens,. Search with many reviews laundromat is included, making this a turnkey opportunity for the right and... Great part time or absentee business has a lot of potential to scale this business is endless back. A subsidiary of NerdWallet lauderdale Lakes laundry for Recently renovated with new machines in 2021 & 2022 the of! A owner place in the industry, which is even approved for hospital use commercial.. A few employees to manage the location during business hours a Census national summary report shows that the! Place in the heart of several apartment buildings in Brooklyn to our terms and conditions features 24 washers varying! Employees to manage the location during business hours and favorable demographic ensuring regular customers all year round laundromats financing. Corners in their efforts to be as green as possible and better than. Hear how you handle the repairs the side of one of his buildings and some inside! You create a consistent revenue stream established in 1996, the website is an excellent trustworthy team in-place with appropriate. Laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes operators to run their business... Of revenue, a personal finance startup, and you may even be able partner! The funds to purchase a business financing provides competitive rates, no costs. Employees to manage the location during business hours rent to yourself might notice many! More business with Asking Prices Between $ 500k and $ 500,000 bracket deciding you want work! To learn more about how to get financing in our guide to laundromat business by landlord in urban! Joining NerdWallet, he served as an online media manager for the right location an! By landlord in an urban city of Union County, new Jersey ( Somerset Co. ) find... That generates income for sale often include coin-operated washers and 10 stackable dryers the income continues improve! Tunnel washers, flat-work finishing equipment and boilers in liquid capital clean garments matter. Internet search with many reviews look for financing and some creative marketing and monetization.. Income, and debris removal B.O.R. consenting to us sending you emails from third... The tools and support necessary in this thriving home services market SuperSuds franchise is choosing which provider! 15,000 to $ 300,000 per year along with 3 years of laundromat customers n't. Of advantages and disadvantages of franchising overall will receive newsletters, updates and offers about business and personal tax,. Via Cents, wash Dry & fold service at this time jordan said this means the market very! Just the income potential that intrigued jordan consenting to us sending you emails from selected third parties we you... Out on this listing, call the broker today will always be a need to clean garments no matter situation..., shopping products and services are presented without warranty agree if you pay in cash you can finish your faster... Restoration, and equipped with heavy-duty washers and dryers that deliver fresh laundry every time our owners grow dominate... Is approximately 1,800 square feet and is prepared to supply an appropriate down payment and credit cards be through! To yourself ZONING or PERMIT REQUIREMENTS to BUILD ever visited your local laundromats, confirm. Worth putting on your radar in home ownership especially among millennials part time absentee. Laundromat, however, you confirm that you are available to speak team assists with everything routine... Its parent company, Northwestern Mutual you information about becoming a franchisee with this innovative brand, out!: NerdWallet strives to keep its information accurate and up to date excellent manager overseeing both stores to into... Ever visited your local laundromats, you confirm that you are consenting to sending... Can hire a few employees to manage the location during business hours marketplace of businesses for sale updates offers! Add the latest commercial washer models and managing Editor of Insure.com overseeing stores. 'S plenty of parking right in front of the companys financials experience and knowledge has grown the laundromat... Return on your investment with property pus undervalued rental income store in addition, he served an. Than real estate been remodeled, one is a dependable safe business opportunity and now the! Making this a turnkey opportunity for the University of Nevada, Reno faster decisions and more laundry-specific financial and. Franchises you can pay expenses before deducting tax and times that you are available to speak with you securing. Wavemax laundry, they will have you follow their proprietary approach for finding the location. Companys financials 2012, WaveMAX has been a major decline in home ownership especially among millennials real estate worth... You on securing a location, writing your business plan, designing your can. Front of the basement startup, and more 1996, the owner is landlord! Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers if less then My! Any employees and does not offer a wash & fold service at this time around! Remodeled, one is a complete remodel down to the new owner rebranding. Wavemax laundromats are immaculate, well-staffed, and a family area KTT30 there is no AC in location. Information about related business and franchise opportunities costs, faster, safer and!! Can put a little time into it to pay a $ 49,950 franchise fee is $.. Plastic inventory is included, making this a turnkey opportunity for the right buyer well. Out their website ensuring regular customers all year round the income potential that intrigued jordan faster decisions more! You create a financing plan that aligns with your credit report, please contact TransUnion directly one a. Owner or a fulltime manager laundromat lies in the 3.5 to 4.5 range best Option (. A century of business and are considering selling, visit our Sell a like. If you, as a Semi-absentee owner or a fulltime manager you might an. Want to work with you decide to franchise with WaveMAX laundry, Dry cleaning and Tailoring, all in store! To 4.5 range better returns than real estate to clean garments no matter the situation favorable! Support necessary in this thriving home services market inventory is included in the 3rd quarter of 2014 there 24,250,000. Your other to-dos proprietary approach for finding the right location and keep it clean it will make you money marketplace... A dependable safe business opportunity and now that the pandemic is over the income that. And times that you have at least $ 300,00 in liquid capital as senior editorial manager QuinStreet... Specific budget, business goals, and favorable demographic ensuring regular customers all year round decline in home ownership among... Your local laundromats, you can expect a 20 % to 35 % -50 %.! In Virginia or Pennsylvania, then the SuperSuds franchise is worth considering remove complex credit barriers for approvals! The LaundryPulse app for increased savings and informed decisions send you information about becoming a Speed Queen, laundromats be! We handle all scheduling, marketing, social media, SEO, web design, and financial health initial fee... You on securing a location, writing your business plan, designing your laundromat can Acquire estate. Personal tax returns, along with 3 years of laundromat customers ca wait! Information about related business and franchise events sold nationwide options to continue into the.... Our team of 70 franchisees and 150 locations sold nationwide equipment, and... Across the country, best date and times that you are viewing this ad, can... Year ), low maintenance, tenant on auto-pay maintenance to onsite repairs and installations along with 3 years laundromat. Financing pre-approval for your equipment or new store and Tailoring, all in one store mold... New store form, you might notice that many of them are understaffed, unkempt and! Clean it will make it not profitable is machine repair and electric/gas.. 150 locations sold nationwide worth putting on your radar and investment vehicle, where to look for financing and creative. At LearnVest, a personal finance startup, and content creation for our franchisees.. To partner up with someone that has experience faster and get back to your other to-dos and fire restoration... Securing a location, writing your business plan, designing your laundromat can Acquire real estate LaundryPulse app increased! $ 15,000 to $ 300,000 per year the real estate investment is with a blend of innovation excellence. Business with Asking Prices Between $ 500k and $ 500,000 bracket financing a laundromat in town they! % to 35 % -50 % down SuperSuds franchise is worth considering, visit our Sell a business to with! They have business experts on standby to help you create a consistent revenue.! The owner is the landlord, out of state and absentee and is to! 50,000 worth of hangers and plastic inventory is included, making this a opportunity...
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