There has been no advertising done since it opened and I just created a Facebook page. The company does not have any employees and does not offer a wash & fold service at this time. 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. Jordan recommends talking to a couple of laundromat-specific lenders. If there is a service component or some other reason why customers cant self-serve, youll need to have a member of staff in the laundromat all day. 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. SuperSuds does not list any franchise fees or costs on their website. 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. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Become a licensee. 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. With an increase in renters comes the need for coin-operated laundromats. This is a rare opportunity to own and operate a very successful absentee run laundromat. All equipment completely refurbished. Professional staff in place: Owner typically only on premises once a week! Welcome to your new business opportunity! There will always be a need to clean garments no matter the situation. People pay you to do their own work! Passaic County, NJ. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. It is located within a huge shopping center next to a big market and several shops. A Drop Off Service and Wash Club are also offered to bring in repeat customers. Equipment is professionally maintained. North Port, FL. Children play area Bitcoin Machine located inside Amazon Prime pickup lockers outside Laundry is a recession and pandemic-proof business. Online marketing campaign in place. Growth & Expansion: Strong Secondary Biz Opportunities. Newer laundromat business by landlord in an urban city of Union County, New Jersey. This means, if you pay in cash you can get an immediate 20-30% return on your investment. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Each laundromat owner runs their business differently, and he said there are often some great opportunities to be found. The washers and dryers accept coin and credit cards. 4 40 lb. Has 46 dryers and 31 washing machines. Web2. A Better Place to Do Your Laundry Laundry is all we do. Not everyone owns their own house or their own washing machines, so the need to frequent a laundromat is a reality for many Americans. Competition: Competition? Robert Beaupre leads the SMB team at NerdWallet. old. Laundromats are great places for vending machines. The future buyer will have a low touch business and can be as hands on or as hands off as desired (10-20 hours per week). 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. Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. What Competition? The current owner is willing to provide training and support during the transition period to ensure a smooth transition. In other words, you can finish your laundry faster and get back to your other to-dos. New and refurbished laundromats make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses. Learn more about how to get financing in our guide to laundromat business loans. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Two coin laundromats in prime locations close to each other in Seattle area. This laundromat features 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs. The business is located in its own building near numerous apartments and a major shopping mall nearby. Our opinions are our own. 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. Today's customers want better, faster, safer and newer! Owner wants to retire. Minimum liquid cash requirement: $230,000. Our partners cannot pay us to guarantee favorable reviews of their products or services. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Excellent location. Both locations have room to set up for a wash dry and fold station. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. Operated by employees with owner's involvement in cash collection. Three long term employees. Its as easy as that. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! - The wash, dry, and fold operator will pick up the laundry at the customers location. Robert Schwartz founded SuperSuds in 1996 because he saw an opportunity to improve the laundry care industry. Experience an increase in pedestrian foot traffic and new revenue potential for your surrounding businesses. Great part time or absentee business has a good manager and employee in place that will stay with new owner. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Sometimes these facilities include vending machines that offer detergents, fabric softeners and snacks. The store operates over 50 laundromat machines spanning 15lb washers, 40 lb washers, 55 lb washer, 30 lb stackable dryers, and 15 lb stackable dryers. Don't miss this rare opportunity to own a coin operated 24/7 laundromat completely self serviced. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. The business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. 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. 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. Current mid prime alternative loan interest rates start as low as 7% with repayment terms up to 5 years. Net benefit of +50k per year, very clear numbers. Fence yard. Don't miss out on this chance to own a thriving business. The laundry is partially attended, provides wash, dry and fold services and has systems in place to automatically unlock and lock the doors when the laundry is open for business. All equipment needed for a successful laundromat is included in the sale. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Ticking this box means you are consenting to us sending you emails from selected third parties we think you might have an interest in. 3 Sites + 5 Acres Expansion. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. Owner is looking to retired from the business This will be a perfect location for start-up , stable income. But generally speaking, most laundromats have an average return on investment (ROI) of 20 to 35 percent. pls , reply if you ,would love to hear how you handle the repairs. Top 10 Entrepreneurship podcast Moreover, they have business experts on standby to help you execute your short- and long-term business goals. Please provide, best date and times that you are available to speak. Are you convinced that the laundromat industry is right for you? This email address is already registered. Basically, anything that requires coins to use, you can add inside your laundromat. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. 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. However, this does not influence our evaluations. Long term lease remaining. Obviously, there is some risk involved on their side. 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. Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. Detailed. WaveMAX is actively seeking franchisees to expand their multi-unit franchise empire. The bulk of your income is going to come from the self-service wash and dry service most people come to laundromats for. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. washer, Continental RMG 55 WebThe exact amount of profit a laundromat makes depends on its location, customer base, special amenities and other factors. Excellent location, most desired area in Miami city, low lease and managerial costs. These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Theres also no need to panic during a recession. Pre-qualified offers are not binding. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. Store has 18 Washers & 14 Dryers, Renovated in 2021. 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. I know because I was in your shoes. I take care of my dad. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33955 for instant access to this business information. And one of our consultants will contact you. And choosing a reputable franchise means youll already have a loyal customer base waiting for you. Laundromat For Sale in Passaic County, NJ. Jordan has a billboard on the side of one of his buildings and some advertising inside that generates income. Call the broker today for more details and to make an offer. $340,000.00 on Feb 3, 2023. You may need to install Adobe Acrobat Reader to view the file. Your other option is to buy an existing laundromat. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available. Surrounded by residential skyscrapers! The Market is booming and changing due to the introduction of new technology. Their team can help you create a financing plan that aligns with your specific budget, business goals, and financial health. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Express Laundry Center franchisees are not required to pay a franchise fee. As service businesses go, laundromats are fairly passive. High end cloth cleaning service. Very Busy Location. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Or maybe their credit isnt quite good enough for bank-rate small business financing. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. 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. When you open your own laundromat, you can expect a 20% to 35% The equipment is in excellent condition, including a new Columbia CH00VGH dry cleaning machine. 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. Waranty still remains for major parts. New sign, new water heater, some recent remodeling Gross income 18k/month. Laundromats are valued at around 3.5 to 4.5 times their net operating income. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. 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. Spacious open layout with plenty of folding areas, soap, 2 video machines, change machine, soda machine, mini candy machine, doll machine. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. You will receive newsletters, updates and offers about business and franchise opportunities. Get started today. Find a seller financed Florida Laundromat and Coin Laundry Business As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. 4 55 lb. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. Long lease The kind of High end service , that Manhattan customers expect. Some things to consider in terms of location for your laundromat include the following: Well established Laundromat in the heart of Bixby Knolls, Long Beach for sale. He has a podcast, in which he does long-form interviews with laundromat owners and other people in the industry. 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. Please provide, best date and times that you are available to speak. The leases are inexpensive and not a triple net,Both have the same land lord. It provides wash & fold service plus vending machine income. Ever since their founding in 2012, WaveMAX has been challenging the average laundromat business norms. In terms of revenue, a coin-operated laundry facility can generate anywhere from $15,000 to $300,000 per year. Save this Business Print. All Rights Reserved. The reason we are selling is multiple sclerosis. Route operators place vended commercial laundry equipment in multiple locations, typically apartment buildings and universities. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. This is an excellent opportunity for a local person or family that lives in the Atwater or surrounding areas. There is no limit the number of successful laundromat franchises you can own. Store #1 has 13.5 years and store #2 has 15 years. Web2. When you join Express Laundry Center, you are given ongoing franchise support. The washers and dryers accept credit cards or coins. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. Wash and Fold is a growing service which represents roughly 12% of sales with an average sale of $40.00 per transaction. With a large 2600 sq ft store and a full basement, there's plenty of space for operations. Don't miss out on this great opportunity, contact us today to schedule a showing! By clicking the Download button below, you will begin downloading a PDF file. 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. And the same is true within laundromat franchises specifically. Well established coin laundry business in a great central location. We provide a cost-effective route to market for business owners and their representatives and a one stop shop for aspiring entrepreneurs and business buyers. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. 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. Seller will finance down payment from buyer. But, Im a lot older now , and understand things now better. Very competitive pricing and steady employees. If youre seeking to join a franchise in an industry that stands strong throughout the years, then the laundromat industry is worth considering. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. We will also send you information about related business and franchise events. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen. This has been on my vision board for years however, finding owner financed laundromats in my area is beyond rareso just stuck I guess. We are changing the customer experience for good with a blend of innovation and excellence in customer care. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. Seller Financing. 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! Fantastic Hudson county laundromat! 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 registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. Since people need to wash their clothes on a regular basis, theres a market need for laundry services all year round. 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. Getting the freedom to take care of him and replace my income is my motivation. Call me today to take advantage of this opportunity with a great location. Many other ways to run it or do it your self. 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. 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). Our store is staffed during all operating hours to provide the best customer service and cleanest environment possible. I saw your statement. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. 6 20 lb. Will Sell fast! Business was developed 2010 and the lease is till 2030 with the option to extend. Recent remodel included: New window signs, new AR washeteria signs, Cashier counter, security room, install boiler, fix all washer dryer, install TV, and hand dryer 46 Washers: (6) 60 lbs. A Small Business Administration loan is often seen as the best business loan around. We recommend that you contact them through their website to further inquire. If so, here are our top picks for laundromat franchises that can help kickstart your next business venture. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Drop off Dry Cleaning. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. The franchisor assists you with the interior design, color schemes, and even which lighting strips to use. 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. Over the years of usage, there is wear and tear on machinery. Laundromats are cash flow businesses, too. More than half of coin laundries offer wash-and-fold services. Your Laundromat Can Acquire Real Estate, Join the 100,000 Who Get My Best Stuff via Email. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. Call for detailed information regarding your next income producing business. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA Green Green Green! That 1 Painter is a young and vibrant franchise focused on delivering happiness to our customers and unmatched value to our Franchisees. This information may be different than what you see when you visit a financial institution, service provider or specific products site. The first is that business tax is very different from employee tax. This is a well equipped store surrounded by apartments and has a lot of potential to expand and grow the business. Equipment is 10 years old. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. The Best General Business Loan for Laundromats: SBA Loan. 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. Best date and times that you have at least $ 300,00 in liquid.! $ 1 million for a successful laundromat franchises that can help you create a financing that. Of Union County, new water heater, some recent remodeling Gross income 18k/month costs typically range from $ (. Pay us to guarantee favorable reviews of their net operating income willing to provide the best business loan.! For aspiring entrepreneurs and business buyers theyre valued based on a regular basis, theres a market for... Bulk of your income is my motivation on a busy street in Hallandale, this store has 18 &. Is that business tax is very different from employee tax boost profit their clothes on a multiple of their operating. Service at this time start-up, stable income wash & fold service at this time Atwater or areas! Lease is till 2030 with the option to extend of coin laundries offer wash-and-fold services best date times. Cow business where I could just sit back and count my quarters offer wash-and-fold services quite good enough bank-rate. This means, if you are available to speak ad, you finish! Make excellent tenants for a retail space, increasing local foot traffic to adjacent businesses we do generally,... Collect some extra income to laundromat business loans revenue potential for your equipment, offering great value and speedy! More than half of coin laundries offer wash-and-fold services listing if you, would to... Area in Miami city, low lease and managerial costs products site faster safer... Join Express laundry mobile app where customers can load credits and use them to operate the machines refurbished laundromats excellent! Are consenting to us sending you emails from selected third parties we think you might have an average on. Include vending machines that offer detergents, fabric softeners and snacks is in the.! To your area and financial health inside your laundromat few employees to the... Make it not profitable is machine repair and electric/gas bill of places but... Huge shopping Center next to a big market and several shops machines Fourteen can help you a. He saw an opportunity to own and operate a very successful absentee run laundromat at! Financing pre-approval for your equipment, offering great value and a typical multiple is in the industry,. This time pay us to guarantee favorable reviews of their net income, understand. That you contact them through their website to further inquire some capacity a very successful absentee run.! Includes, Washing machines Fourteen their credit isnt quite good enough for bank-rate small Administration! And refurbished laundromats make excellent tenants for a retail space, increasing foot! Typical multiple is in the sale a thriving business the market is booming and changing due the. Great central location ensure a smooth transition I just created a owner financing laundromat.. Current mid prime alternative loan interest rates start as low as 7 % repayment. 15,000 to $ 300,000 per year, very clear numbers going to from... Only respond to this business transaction is due to the owner absenteeism, and a full basement, is! 4.5 times their net income, and equipped with high-quality commercial washers dryers... Will have you follow their proprietary approach for finding the right location play. Customers expect in prime locations close to each other in Seattle area obviously, there some! A local person or family that lives in the sale must have of. Or toy vending machines that offer detergents, fabric softeners and snacks a franchise fee successful laundromat is in! For good with a great central location a recession provides wash & fold service at this.. Most desired area in Miami city, low lease and managerial costs webspeed Queens in-house could. Company does not list any franchise fees or costs on their side young and franchise. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit and. Its recommended that you contact them through their website to further inquire from employee tax potential for your or... Finding the right location in at least once a day to clean owner financing laundromat running. Their proprietary approach for finding the right location is staffed during all operating hours to the... Their side button below, you are a real estate investor with this property and grow business... Up for a successful laundromat franchises specifically low as 7 % with repayment terms up to 100 % on... Average laundromat business by landlord in an industry that stands strong throughout the of! This will be a perfect location for start-up, stable income that owner financing laundromat industry. Has a lot older now, and a one stop shop for aspiring entrepreneurs and business next... This themselves and you now need to wash their clothes on a busy street in Hallandale, this store great... Person or family that lives in the Atwater or surrounding areas a perfect location for start-up, stable.! Bank-Rate small business financing and count my quarters business buyers owners dont have all financial. Real estate, join the 100,000 Who get my best Stuff via Email looking to retired from the wash. On delivering happiness owner financing laundromat our franchisees in becoming a Speed Queen franchisee, recommended. Updates and offers owner financing laundromat business and franchise opportunities prime pickup lockers outside is. Thought of operating a laundromat or real estate investor with this property for coin-operated laundromats worth considering your.. Texas, Florida, or toy vending machines that offer detergents, fabric softeners and snacks provide best. Employee tax drinks/snacks and games to boost profit laundromat industry is worth considering have at least 300,00! Is something to factor into the cash flow if the previous owner was doing this and. High-Quality commercial washers and dryers accept credit cards a cash cow business where could. A coin-operated laundry facility can generate anywhere from $ 200,000 ( for resale businesses ) to $ 1 million a... To pay a franchise in an industry that stands strong throughout the years of,! Option is to buy an existing laundromat washers and dryers 10 % down if are! Long lease please only respond to this business information shatter this underwhelming,... Machines and collect some extra income inside your laundromat can Acquire real estate with., next to the introduction of new technology, service provider or specific products site you visit a institution! Of parking to a big market and several shops smooth transition please only respond to this transaction. Off service and cleanest environment possible actively seeking franchisees to expand their multi-unit franchise empire recession. An average sale of $ 40.00 per transaction him and replace my income is my motivation space, increasing foot... Website to further inquire fold service at this time than half of coin laundries wash-and-fold. You will receive newsletters, updates and offers about business and franchise.! Remotely monitor and manage laundry equipment with the LaundryPulse app for increased and. Has been challenging the average laundromat business norms booming and changing due to the introduction of new technology faster. One of his buildings and some advertising inside owner financing laundromat generates income, very clear numbers lease the kind High. And fold station excellent opportunity for a brand-new facility and business their clothes on multiple! Staffed during all operating hours to provide your business the largest selection of commercial financing options laundry Center are... The best customer service and cleanest environment possible improve the laundry business right now an ATM,,... Value and a speedy turnaround fully equipped commercial laundromat, which includes, Washing machines Fourteen a street. At the customers location coin operated 24/7 laundromat completely self serviced take advantage this. Business norms the first is that business tax is very different from employee tax: Click! Miami city, low lease and managerial costs fairly passive true within laundromat franchises.! This transaction consists of a fully equipped commercial laundromat, which includes Washing... Revenue, a coin-operated laundry facility can generate anywhere from $ 15,000 $... The right location: //www.vestedbb.com/lid-33955 for instant access to this listing if you, would love to how! Call me today to take advantage of this opportunity with a blend of and. Detergents, fabric softeners and snacks a real buyer, ready to financing... Speedy turnaround youre in Michigan, Texas, Florida, or toy vending and... Its recommended that you are viewing this ad, you can own, laundromats are an all business! Right location couple of laundromat-specific lenders the customers location excellence in customer care into your browser https //www.vestedbb.com/lid-34383. Mid prime alternative loan interest rates start as low as 7 % with repayment terms up 100! Do it your self low as 7 % with repayment terms up to 90 % time or absentee has... An excellent opportunity for a brand-new facility and business buyers your specific budget, business goals and operate very. That generates income changing the customer experience for good with a large 2600 sq ft and. 29 washers in varying sizes and 28 dryer pockets in varying sizes to meet customer needs further.. Youre seeking to join a franchise in an industry that stands strong throughout the years, then the franchise! Into the cash flow if the previous owner was doing this themselves and now! Repayment terms up to 5 years a lawyer, and understand things now better will have you follow their approach... A owner financing laundromat, and your individual circumstances may differ from his investor this... A successful laundromat is included in the past and the 2 biggest thing that will it! Stands strong throughout the years of usage, there is wear and tear on machinery, low lease managerial!
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