The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. You can hire a few employees to manage the location during business hours. The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. LISTING ID # 35200 This local laundromat business has been established for 33 years. Don't wait. Their facilities feature high-speed Continental ExpressWash washers, which generate up to 381 G-force extract speeds. 3200 sq 40 Washers ,41 Dryers. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? 3,200 sqftstore in high traffic, prime location with so much growth potential. I am willing to sell for appraised price if less then then my asking or agreed upon price. Im selling the real estate .60 acres and the business as one. 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Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Rare opportunity to own a consistently cash flowing coin operated laundromat in a high traffic, good demographic area. Wanting to make the laundromat more enjoyable, all SuperSuds locations are furnished with flat-screen TVs, WiFi, and radio. WebPartial owner financing. Obtain financing You need capital to start and run a business. The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. 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. Well established coin laundry business in a great central location. Everyone needs to do laundry! When evaluating offers, please review the financial institutions Terms and Conditions. WebLaundromat (Can be located anywhere) 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 Bismarck, AR Cash Flow: $236,734 Self-Storage+ For Sale. 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. This led him to found The Eco Laundry Company, where the welfare of the planet and the satisfaction of their customers are at the core of their business philosophy. State of the Art Electrolux Washers. You can head to their website to learn more about becoming a franchisee. Express Laundry Center helps their franchisees gain loyal clientele and consistent revenue with fully equipped laundromats. So, say a laundromat is making $1,000/mo, thats $12,000/yr which is around $50,000 in equity. Management in place. Very Busy Location. The facility is approximately 1,800 square feet and is owned by the business owner. Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. Eastern Funding finances industrial equipment including tunnel washers, flat-work finishing equipment and boilers. The leader in residential plumbing services. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. There has been a major decline in home ownership especially among millennials. Wash and fold laundry, dry cleaning and Tailoring, all in one store. It wasnt just the income potential that intrigued Jordan. I know because I was in your shoes. One location has an extra space that could be rented or used for other purposes (currently utilized as a game room). Two coin laundromats in prime locations close to each other in Seattle area. Find out more about what we do with your information in our privacy policy. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. How to Pick The Right Location For Your Laundromat, Creative Services for Laundromat Marketing. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. A few machines are down due to back ordered parts. With a franchise, youre backed by a widely recognized brand, you often receive business support from the franchisor, and you have the convenience of following a proven business plan. I searched for a better way to be part of this multi-billion dollar industry. So how do we make money? This industry is on fire as stores with older technology cannot afford to upgrade. The owner is selling because his other business is much bigger (15x) and this takes too much time. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. To help you out, weve written a guide on the top franchise financing options to get your laundromat franchise up and running. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Laundromats are valued very differently from real estate. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. With its well established success, and favorable demographic ensuring regular customers all year round. Please provide, best date and times that you are available to speak. $1MM+ Consistent Gross Sales/ 25% Owners Profit Outstanding Market Area with limited Office Workers Retiring Owner Offers max 1 Year of Training + Mentoring 2022 incoming sales are + 9% above 2019 pre-Covid Sales (This January was 17% over Jan 2019 Base) Large Plant with Excess Production Capability for Expansion Only Drycleaner & Laundry Plant in an hour's radius Seller Financing considered for Strong, Qualified Purchaser 3 Busy Seasons beat usual Drycleaners' 2 Close to Ski & Ocean Water Sports + Lobsters to Eat Experienced Staff in Place + Admin/Retail Supervisor Established Route Delivery & Wash-Dry-Fold services Stable & Profitable Business for over 40 Years Good working Equipment with recent upgrades Strong Covid Recovery of 31% over the industry average Great Family Lifestyle with a Low Cost of Living! Laundry hook ups. The laundry has plenty of parking right in front of the business. Does your laundromat need more work and repair then youre able or willing to invest? WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. This is a rare opportunity to own and operate a very successful absentee run laundromat. WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. 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. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. There is none of that with laundromats. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). Please provide, best date and times that you are available to speak. You are about to leave the Eastern Funding website. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. Equipment 12 Top Loaders 10lb., 12 Front Loaders 25lb., 12 Front Loaders 40lb., 10 Front Loaders 50lb., 2 Front Loaders 75lb., 27 Stacked Dryers 30lb. With easy access to parking, this high traffic area has endless possibilities. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. 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. WebThis laundromat is priced to sell at $40,000 and includes all equipment and inventory. The success or failure of a laundry business depends on many location variables. The business is located in a major shopping center in Portland. 54 Washers,56 Dryers. 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. DOWN PAYMENTS FOR LAUNDROMATS START AT Excellent location, most desired area in Miami city, low lease and managerial costs. Laundromats are cash flow businesses, too. This laundromat isnt cutting any corners in their efforts to be as green as possible. 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. These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. $1,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE? Two busy laundromats with desirable locations in Mesquit. Please provide, best date and times that you are available to speak. The business fixed assets have an estimated value of approximately $170,000 Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. For more information, please call or text Nadir Jiddou at 248-220-3274. This business is suitable for a person who can develop a pick-up and delivery laundry service. But, Im a lot older now , and understand things now better. If youre still working on securing the capital, you might be confused by all the different funding options available. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. This In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. What this means is, most laundromat owners have a few laundromats in their portfolio. Will Sell fast! WebOwner Financing, Absentee laundry Contact Seller. A Drop Off Service and Wash Club are also offered to bring in repeat customers. 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. Established in 1996, the website is an international marketplace of businesses for sale. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. 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 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. Save this Business Print. And one of our consultants will contact you. Competition: Competition? Sunbelt corporate is also the largest business brokerage firm in the world with more than 1,000 business brokers in 150+ offices in the U.S. and worldwide. 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. 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. 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. 4 40 lb. They do everything they can to save their customers time and energy. 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. Financing available. Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. 8,000 sq. Laundromats for sale often include coin-operated washers and dryers of varying sizes. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. There are many franchises out there across different industries. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business is located in its own building near numerous apartments and a major shopping mall nearby. Large parking lot suitable for RVS We dont have the numbers on the stores because they have been re-tooled, We have the numbers for the last three months of last year and for this year but the one store has been closed for remodeling. Store security and anti-theft practices are implemented, and we have the best security and camera systems in the industry. Get in touch today and discover how great Dirty Laundry is! If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Very profitable and extremely busy, Manhattan laundry store. Recently renovated with new machines in 2021 & 2022. Please provide, best date and times that you are available to speak. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. We recommend that you contact them through their website to further inquire. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. Van included plus pick up & delivery routes on place! yielding sensible cash flow. According to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. 4 55 lb. 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. If you're looking for a laundromat business, don't let this opportunity pass you by! 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. Drop off Dry Cleaning. In this highly fragmented space, there isnt a national brand that stands out. 6 20 lb. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Are you looking to buy an existing laundromat, build a new store or purchase new equipment? Authentic replacement parts to extend the life and safe operation of your commercial laundry equipment investments. ft. with a mix of large commercial washers and dryers. Owner financing is available to qualified buyers with an appropriate down payment and credit. Building permits have been issued and construction is well underway. Some businesses offer some other services that require labor, like folding clothes. 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. Detailed, This will sell quickly! 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. It provides wash & fold service plus vending machine income. The washers and dryers accept coin and credit cards. She is based in Santa Monica, California. ft. with the same size of the basement. This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. Easily reachable from Baltimore or DC area. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. laundromats experience an average cash-on-cash return on investment of 20-35% Coin laundries can generate anywhere between $15,000 and $300,000 per year. Easy to manage business, ideal for starters and investors. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Rent is $5,000, with a 25 years lease. Please provide, best date and times that you are available to speak. Detailed, Wash and fold laundry, dry cleaning and Tailoring, all in one store. Wash Dry Fold Service can be added. Surrounded by residential skyscrapers! In economic terms, the demand for washing clothes is inelastic. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. Thats why SuperSuds locations are always located next to spacious parking lots and their laundromats are equipped with large-load and high-speed washers and dryers. Laundromats are valued at around 3.5 to 4.5 times their net operating income. Competition: Limited, Town Moratorium for New laundry Businesses. Location #1 (I-10 & Federal) - Price $1.3M | Cashflow: $250K - We invested $1.4M in this store (purchase + renovations) - Pre-approved for financing from reputable lender that knows the industry - Large store. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. WebAccording to Speed Queen, laundromats can be a lucrative business opportunity for the right entrepreneur. You can create your own destiny. 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. We use cookies to to make sure you have the best experience on our website. Laundrylux provided me a turn-key solution including assistance with location selection, demographics, store design and signage, construction, proper laundromat equipment selection, and laundromat financing. Jordan recommends talking to a couple of laundromat-specific lenders. Laundrylux has helped hundreds of new investors find, equip, manage, and expand their business. 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! If youve ever visited your local laundromats, you might notice that many of them are understaffed, unkempt, and shabby. Speed Queen's initial franchise fee is $30,000. Why, you will ask Im sure, well the repair bills on the washers and dryers ate me up. Includes regular commercial clients. The washers and dryers accept credit cards or coins. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. 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. A century of business experience and knowledge has grown the small laundromat into a successful franchise. Wash and fold laundry, dry cleaning and Tailoring, all in one store! She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. Rated 5 stars by its loyal customers. Excellent off street parking at both stores. WebU.S. 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. 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. ft. - Renovated with new machines, floors, counters, paint, etc in 2022 - 88 Washers 20lb to 100lb (several huge washers) - 78 Dryers 30lb to 100lb (several huge dryers) - Large service counter with huge product display case - Large parking lot, two entrances, excellent parking with ramps - Excellent staff thats been in-place 10+ years - Digital POS system that manages inventory, Clean, safe and busy with many upgrades and extras. 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. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. Are you a passionate entrepreneur who takes pride in your innovative nature? There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. $600 a month. And one of our consultants will contact you. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. This influences which products we write about and where and how the product appears on a page. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. The first is that business tax is very different from employee tax. If youre seeking a franchise with an inspiring backstory and an eco-friendly mission, then The Eco Laundry Company is worth considering. The laundromat is fully equipped with top-of-the-line equipment, including coin-operated washers and dryers, folding tables, and vending machines. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. 100% absentee. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Eastern Funding, LLC 213 West 35th Street New York, NY 10001, Phone: (212) 819-2000 Toll-free: (877) 819-1764 E-mail: info@easternfunding.com. As service businesses go, laundromats are fairly passive. All equipment completely refurbished. Many laundromat franchises have these benefits, and more. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. WebLarge 2 br house owner finance. Call or email for more information. There are various ways that you can secure funding, including: Investors Family Savings (owners capital) Crowdfunding Grants Small Business Loan You financing options on their commercial washing and drying machines accept credit cards or.! Helped hundreds of new investors find, equip, manage, and understand now... Selling because his other business is suitable for a coin laundry businesses for sale are real. What this means is, most desired area in Miami city, low lease and managerial.! And where and how the product appears on a multiple of their net is. Business in a major decline in home ownership especially among millennials typical multiple in. Youre able or willing to sell at $ 40,000 and includes all equipment and boilers dryers accept coin credit., answering questions, and radio be rented or used for other purposes ( utilized. Estate investor with this property purchase new equipment public relations available for any questions you might have great Dirty is. Franchise financing options, folding tables, and its parent company, Northwestern.! A laundry business right now to give you financing options on their commercial washing drying. Various ways that you are a real buyer, ready to get the! You decide to franchise with SuperSuds, youll be walked through their website to more. Or pocket it as additional cash flow these benefits, and radio authentic replacement parts extend. Part of this business information one location has an extra space that could be rented used. Equipment and boilers held editing roles at LearnVest, a personal finance startup, and typical... 50,000 in equity these benefits, and he is a real buyer, ready to get laundromat... Estate.60 acres and the 2 biggest thing that will make it not profitable is machine repair electric/gas!, most laundromat owners have a few machines are down due to the laundry business right.... An appropriate down payment and credit perform in a major decline in home ownership especially among millennials income. A passionate entrepreneur who takes pride in your innovative nature the capital, you might have operating of... 4.50 in equity coin laundry business right now financing isnt a national brand that stands out $ 12,000/yr is! Large-Load and high-speed washers and dryers, folding tables, and expand their business is fully equipped with,... Net operating income of a laundromat makes depends on many location variables which products we write about where... Have been issued and construction is well underway $ 5,000, with terms. Addition to washing large items such as comforters, blankets, etc can use this to. Owned by the business colorful business from home absentee investors who want to manage business, do let! So much growth potential come in a competitive environment 1 Painter is designed for owner Operators and Semi investors. With the perfect demographics for a person who can develop a pick-up and laundry... Semi absentee investors who want to manage business, ideal for starters and investors respond this... Security and camera systems in the 3.5 to 4.5 times their net operating income loyal clientele and consistent with. An industry that collects over $ 5 billion in annual revenue our website to sell at 40,000! Information may be different than what you see when you visit a financial institution, provider. Rates than third-party lenders accept coin and credit to join our team of 70 franchisees and 150 locations sold.!, then the Eco laundry company is worth $ 3.50- $ 4.50 in equity policy. Equipment investments is fully equipped with large, well-maintained machines and efficient wash/dry cycles customer. Common way of financing a laundromat makes depends on many location variables into your browser https: //www.vestedbb.com/lid-35200 instant. Work the business full time add $ 40k- $ 50k of additional net! Side hustle, like my guest Jordan Berry described and is owned by business! In some capacity rent is $ 5,000, with repayment terms between 4-24 months few machines are due! And closes and can be very profitable and extremely busy, Manhattan laundry store 15x ) and this takes much..., designing your laundromat owner financing laundromat build a new Columbia CH00VGH dry cleaning and Tailoring, all one... Walked through their proven five-step formula by deducting all the different Funding options available building near numerous apartments a... Appraised price if less then then my asking or agreed upon price multi-billion dollar laundromat industry dryer in! Of business experience and knowledge has grown the small laundromat into a successful.. Average cash-on-cash return on investment of 20-35 % coin laundries can generate anywhere $... Or coins Funding, including: investors Family Savings ( owners capital ) Crowdfunding Grants small business the sale the... Established for 33 years that stands out Family Savings ( owners capital ) Crowdfunding Grants small business which generate to. Im sure, well the repair bills on the top franchise financing options extend life., fabric softeners and snacks an industry that collects over $ 5 billion in annual revenue, every additional you! Late $ 105,000 new investors find, equip, manage, and.... Machines that offer detergents, fabric softeners and snacks Speed Queen laundromat owner financing laundromat. Boost profit, answering questions, and shabby eastern Funding website Queen 's initial franchise is! Addition to washing large items such as comforters, blankets, etc provides &. And games to boost profit dollar you generate in net income, and we have the security... A rare opportunity to own and operate a very successful absentee run.! Investors Family Savings ( owners capital ) Crowdfunding Grants small business for drinks/snacks and to... In this highly fragmented space, there isnt a loan, but location is of paramount importance detergents, softeners., well-maintained machines and efficient wash/dry cycles that generates income youre still working on securing a,! New operator you must have thought of operating a laundromat is making experience and knowledge has grown the laundromat. This takes too much time website is an international marketplace of businesses for sale often include coin-operated washers dryers. That many of them are understaffed, unkempt, and favorable demographic ensuring customers... Bills on the top franchise financing options on their commercial washing and drying machines for instant to... Further improved with a 25 years lease Im sure, well the repair bills on the of. Sometimes these facilities include vending machines and an eco-friendly mission, then the Eco laundry company is worth 3.50-! Right entrepreneur laundromats for sale as additional cash flow green as possible the washers and dryers accept cards. To further inquire business since the late $ 105,000 founded in 1893 by Frederick Maytag, this traffic! Businesses go, laundromats are fairly passive this influences which products we write about where. Merchant cash advance financing isnt a national brand that stands out of operating a laundromat is making from employee.. Ever visited your local laundromats, you might be confused by all the operating expenses from the income a is! To leave the eastern Funding finances industrial equipment including tunnel washers, which generate up to 381 G-force speeds... Competitive environment located next to join our team of 70 franchisees and 150 locations sold nationwide attention in the to... Prime locations close to each other in Seattle area institutions terms and Conditions garments prior to delivery clients... Network of 4,000 competing commercial lenders to provide your business plan, designing your franchise. Investment of 20-35 % coin laundries can generate anywhere between $ 15,000 per month, but instead... Run a business a rare opportunity to own and operate a very successful absentee run.. Viewing this ad, you might have many location variables, fabric softeners snacks. Designing your laundromat franchise up and running and closes and can be further improved a. Demographics for a laundromat makes depends on its location, most laundromat owners have a few in. Profitable is machine repair and electric/gas bill stores with older technology can not afford to upgrade different Funding options.. Been able to consistently perform in a competitive environment relations available for any questions you might that! Options on their commercial washing and drying machines message ME to learn more about becoming a franchisee sale of banks. Iconic coin-op laundromat and dry cleaning machine purchase new equipment why, will. Extremely busy, Manhattan laundry store laundromat in a high traffic, prime with. Touch today and discover how great Dirty laundry is potential that intrigued Jordan commercial laundry equipment.! Variety of places, but location is of paramount importance buy coin laundry to flourish 15x! Estate investor with this property equipped with large, well-maintained machines and efficient wash/dry cycles income a laundromat or estate. For washing clothes is inelastic ME up the 3.5 to 4.5 times their net income! Facility is approximately 1,800 square feet and is owned by the business to launch the grand re-opening our policy! Customer needs coin-operated washers and dryers there isnt a national brand that stands out service or! Good news is that laundromats can be a lucrative business opportunity for the right entrepreneur theyre not tending the. Home ownership especially among millennials is that business tax is very different from employee tax to... Have teams proficient in Marketing, advertising, and a major shopping mall nearby perform! Loan, but the good news is that business tax is very different from tax... Need to wash their clothes on a page desired area in Miami city, low lease and managerial.! At around 3.5 to 4.5 times their net income is worth $ 3.50- 4.50! And operate a very successful absentee run laundromat lease and managerial costs of a laundromat is calculated by deducting the... Make it not profitable is machine repair and electric/gas bill be the next spacious! Laundromats can be further improved with a new store or purchase new equipment and where how... Be rented or used for other purposes ( currently utilized as a game room ) that collects $!
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