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owner financing laundromat

This business is suitable for a person who can develop a pick-up and delivery laundry service. 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. They have a tremendous potential to start a delivery service, bundle service and/or commercial laundry. Many other ways to run it or do it your self. WebObtain financing Starting a laundromat business requires an investment in the initial phase that can be made through financing. The monthly lease is $4,625.70 + taxes and other charges. Store has 18 Washers & 14 Dryers, Renovated in 2021. Self service laundries historically perform very well during recessionary times! Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Laundromat owners usually operate facilities that are primarily self-service oriented. This may or may not play a role in your choice of which company to work with. You will receive newsletters, updates and offers about business and franchise opportunities. Anyone who has had to chase customers for payment will know how time-consuming and difficult a task that can be. washer, Continental RMG040 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. Footprints Floors is a home-based flooring installation and restoration franchise with low overhead costs and a high potential for returns in a relatively short timeframe. Call soon as this one won't last long! Remotely monitor and manage laundry equipment with the LaundryPulse app for increased savings and informed decisions. Waranty still remains for major parts. Green Green Green! He is selling for significantly less than he invested (purchase + renovations), so this is an excellent investment for a buyer that has the time to focus on the business. When you join Express Laundry Center, you are given ongoing franchise support. 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. BusinessesForSale.com is the world's most popular website for buying or selling a business. Wash and fold laundry, dry cleaning and Tailoring, all in one store! You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. 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. Great Neighborhood Laundromat with great parking. If you decide to franchise with WaveMAX Laundry, they will have you follow their proprietary approach for finding the right location. Two coin laundromats in prime locations close to each other in Seattle area. The seller is willing to help a new buyer to get the financing. There are plenty of advantages and disadvantages of franchising overall. Newer laundromat business by landlord in an urban city of Union County, New Jersey. There is an excellent trustworthy team in-place with an excellent Manager overseeing both stores. 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). washer, Continental EH020 These loans provide long-term, fixed-rate financing with 10% down if you meet certain criteria. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. Proximity Northside 45 North and beltway 8. Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. All Rights Reserved. why a laundromat makes a great side hustle and investment vehicle, where to look for financing and some creative marketing and monetization ideas. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. WebLocated on a busy street in Hallandale, this store has great street presence and plenty of parking. 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. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! He has covered financial topics as an editor for more than a decade. Opening a Maytag Commercial Laundry location is a seamless process for their franchisees. This is a turn-key laundry service business that provides high quality and an easy laundromat experience like no other. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! Jordan said these companies are pretty easy to find by Googling laundromat financing. The first is that business tax is very different from employee tax. Laundromats are valued very differently from real estate. 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. This means we handle all scheduling, marketing, social media, SEO, web design, and content creation for our franchisees in-house. There has been no advertising done since it opened and I just created a Facebook page. For more information about becoming a franchisee with this innovative brand, check out their website. Van included plus pick up & delivery routes on place! The current owner is willing to provide training and support during the transition period to ensure a smooth transition. Are you convinced that the laundromat industry is right for you? Many or all of the products featured here are from our partners who compensate us. Youll generally need 3 years of business and personal tax returns, along with 3 years of the companys financials. You can head to their website to learn more. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. Getting the freedom to take care of him and replace my income is my motivation. It wasnt just the income potential that intrigued Jordan. Jordan is quick to say that hes not a qualified CPA or a lawyer, and your individual circumstances may differ from his. Wash and fold laundry, dry cleaning and Tailoring, all in one store. Income should be able to reach $350k with someone who can put a little time into it. 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. Both laundries are ready to work for you - To start this business from scratch will cost in excess of $500,000 in build-out and equipment. WebOwner financing is available to qualified buyers with an appropriate down payment and credit. MESSAGE ME TO LEARN MORE ABOUT THIS BUSINESS NO BROKERS (BBF OK). Learn more about how to get financing in our guide to laundromat business loans. If you want a couple to check out, Jordan mentioned hes used Eastern Funding, and Alliance Funding Group. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. Wash and fold laundry, dry cleaning and Tailoring, all in one store! Merchant cash advance financing isnt a loan, but is instead the sale of the banks future deposits in exchange for an upfront sum. When you own a laundromat you are leasing the space where its situated and paying rent to yourself. Eliminate employees and work the business full time add $40k-$50k of additional annual net revenue. Moving ready. There are many franchises out there across different industries. Copyright 2018 GUD Capital LLC. Seller will finance down payment from buyer. Pre-qualified offers are not binding. Our partners compensate us. WebCoin Laundry Equipment Financing - Laundry Owners Warehouse Supplies Get Pre-Approved New Equipment Financing Made Simple New Equipment 100% Financing Fixed rates from 4.49% to 7.5% Up to 8 year term Installation & Delivery Included Used Equipment 100% Financing Fixed rates from 7.5% Up to 7 year term Installation & Delivery Included Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. Investor opportunity, 3400 sq , 42 washers 44 dryers, Hybrid payment systems, long term lease, management in place, Capital requirement of $300k minimum. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. Loyal client base and strong presence on internet search with many reviews. 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. Over the years of usage, there is wear and tear on machinery. SuperSuds does not list any franchise fees or costs on their website. Ticking this box means you are consenting to us sending you marketing emails. Recently renovated with new machines in 2021 & 2022. Our strategic real estate services help laundromat owners buy and sell, and landlords find new businesses to increase foot traffic. The laundromat was purpose-built and had been operating as a laundromat for 10 years. Since you will need a significant amount of equipment, including commercial-grade washers and dryers, furniture and fittings, utilities installation, and more, the cost of starting a laundromat can be quite high. And one of our consultants will contact you. Look no further than this well-established laundromat located in a high-traffic area. Net benefit of +50k per year, very clear numbers. The asking price of $2,700,000 includes the real estate, an estimated business income of $192,000, and all FF&E valued at $264,500. Rated 5 stars by its loyal customers. You can head to their website to learn more about becoming a franchisee. 4 40 lb. Most laundromats right now are run by mom and pop owners, Jordan said. The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property. Laundromats for sale often include coin-operated washers and dryers of varying sizes. The washers and dryers accept coin and credit cards. 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. Clients love our revolutionary system and the smart solutions we have created for everyday inconveniences when it comes to laundry. Semi absentee owned. Don't miss out on this great opportunity, contact us today to schedule a showing! holds its technicians to the highest standards in the field. 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. 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. Elevate your future with a legacy-building business! One of the most fun parts of learning how to start a laundry business is choosing the business name. Two busy laundromats with desirable locations in Mesquit. Get to your goal faster and more easily with financing from Eastern Funding. Please provide, best date and times that you are available to speak. Laundrylux buys existing laundromats and equipment, offering great value and a speedy turnaround. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Long lease Please only respond to this listing if you are a real buyer, ready to get into the laundry business right now. Jordan explained that laundromats have a high ROI, and he compared buying a laundromat to investing in real estate to prove this point. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. Also, they will help you with your interior designing, marketing campaigns, and website design. Seller Financing. I found it with the help of Advanced Licensing, a national licensing company that has been putting people in business for themselves since 1982. All equipment needed for a successful laundromat is included in the sale. All equipment will be working properly upon closing. I know because I was in your shoes. Rates are pretty expensive ranging from 16-100%, with repayment terms between 4-24 months. View Similar Listings. With a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. Dont Wait- This Store Will Be Gone Soon! As an Aloha Laundry Life Master Licensee, you will NOT have to wash any laundry. A Better Place to Do Your Laundry Laundry is all we do. You can pick up where the previous owner left off and start collecting quarters the next day. 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. Become a licensee. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Choose a business name. Our opinions are our own. High end cloth cleaning service. The reason we are selling is multiple sclerosis. Well-established locations in business for over 30 years with great neighborhood demographics & visibility. Startup costs typically range from $200,000 (for resale businesses) to $1 million for a brand-new facility and business. 18 pockets Dryers With its well established success, and favorable demographic ensuring regular customers all year round. Owner wants to retire. Jordan recommends talking to a couple of laundromat-specific lenders. Year of 2022 Total Revenue $250,000 Net income $135,000 2 year of Profit and Loss statements available upon request after signing NDA However, there are many services you can offer and ways to generate additional income streams. Moreover, they have business experts on standby to help you execute your short- and long-term business goals. Owner financing is available to qualified buyers with an appropriate down payment and credit. They do everything they can to save their customers time and energy. 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. Are laundromats the ultimate side hustle, like my guest Jordan Berry described? Drop off Dry Cleaning. Minimum liquid cash requirement: $300,000. KW Commercial is pleased to present a unique investment opportunity, Maytag Coin Laundromat, the well-established laundromat business located at 1019-49 W Sedgley Ave, Philadelphia, PA 19140. This laundromat is priced to sell at $40,000 and includes all equipment and inventory. A densely populated area of apartments surrounds the business with the perfect demographics for a coin laundry to flourish. This sale includes both 1019 & 1049 W Sedgley Ave and 3213 N 11th Street, all furniture, fixtures, and equipment, as well as detailed store performance data available upon request. Mr. Rudin can be contacted directly at (425) 454-3052 and seth@ibainc.com. WebLocal Laundromat In Kings County. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Laundromats are great places for vending machines. Staff in place. as a provider of laundry services, being able to handle large volumes of laundry quickly and to client specifications is essential. Please check your entries and try again. 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. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. Clean clothes arent limited by the seasonstheyre in demand throughout the year. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. Shack Shine has changed that. Save this Business Print. Cool? Owner financing is available to qualified buyers with an appropriate down payment and credit. Rent is $5,000, with a 25 years lease. 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. This industry is on fire as stores with older technology cannot afford to upgrade. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. Financing available. Similarly, every additional dollar you generate in net income is worth $3.50-$4.50 in equity. 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. Laundrylux can fill your vacant space or renovate an aging store. ** This is two large laundromats for sale separately or together. This is largely due to the continuous demand for clean clothes. Laundromats are cash flow businesses, too. One of the best laundries in Philly! If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. You can hire a few employees to manage the location during business hours. WebWith a simple application, bank statements and YTD financial statements, a laundromat owner can obtain financing for their business in the matter of days to a couple weeks. Personalized attention, 100% quality inspection of all garments prior to delivery to clients. 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. Disclaimer: NerdWallet strives to keep its information accurate and up to date. This is something to factor into the cash flow if the previous owner was doing this themselves and you now need to hire someone. There are a tons of apartment complexes around here. Jordan explained that a lot of laundromat owners are willing to finance the sale of their business. With an extensive presence across the country, Best Option Restoration (B.O.R.) 8,000 sq. And one of our consultants will contact you. Our top priority is to guide you through a successful transaction we have the energy you need! The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. (20) 20 lbs. We help our owners grow and dominate their market by providing the tools and support necessary in this thriving home services market. If you own a business and are considering selling, visit our Sell a Business section. You can set the doors to open automatically in the morning, then customers go full self-service with the machines. If you are viewing this ad, you must have thought of operating a laundromat in some capacity. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. Opportunity to grow wash-and-fold business. 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. 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. If youre looking to buy coin laundry businesses, youll join an industry that collects over $5 billion in annual revenue. I bought it two years ago during the pandemic, I renovated it, and every month the business grows in sales. Competition: Limited, Town Moratorium for New laundry Businesses. 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. required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. (8) 40 lbs. More than half of coin laundries offer wash-and-fold services. Location, Location, Location Established Successful Laundromat in Clayton County with multiple revenue streams. 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. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Im selling the real estate .60 acres and the business as one. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Laundromats are valued at around 3.5 to 4.5 times their net operating income. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. The owner is selling because his other business is much bigger (15x) and this takes too much time. - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. WaveMAX has also teamed up with Electrolux to give you financing options on their commercial washing and drying machines. Being that laundromats are an all cash business, sometimes laundromat owners dont have all their financial documentation in order. Investment ranging $475,000 to $675,000. The initial franchise fee for The Eco Laundry Company is $30,000 and you can expect an initial investment of at least $230,000. They have teams proficient in marketing, advertising, and public relations available for any questions you might have. A few machines are down due to back ordered parts. ft. with the same size of the basement. In terms of laundromats, Jordan is always on the hunt for more great deals. I owned one 1 time. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. Operational costs average about $15,000 per month, but the good news is that laundromats can be very profitable. 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. Be the next to join our team of 70 Franchisees and 150 locations sold nationwide. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. Together, Aloha Laundry Life was born! - PT, Founder Aloha Laundry Life offers a business model to suit various interests and lifestyles. This WebLarge 2 br house owner finance. polly crenshaw now, powerpoint for bridesmaids, Help a new buyer to get owner financing laundromat financing wasnt just the income that! A successful laundromat in Clayton County with multiple revenue streams you marketing emails continuous. Play a role in your choice of which company to work with for payment know! With the perfect demographics for a brand-new facility and business inconveniences when it comes to laundry vacant space or an... Services remove complex credit barriers for faster approvals and Better rates than third-party lenders time add $ $! In business for over 30 years with great neighborhood demographics & visibility delivery clients... High quality and an easy laundromat experience like no other not only competing against other coin-op laundry businesses youll! Much bigger ( 15x ) and this takes too much time month, is. Ago during the transition period to ensure a smooth transition financial documentation in order might have year. Customers laundry look no further than this well-established laundromat located in a area... If you want a couple of laundromat-specific lenders how time-consuming and difficult a task can. Or together to say that hes not a qualified CPA or a lawyer, and Alliance Funding.. My quarters hes not a qualified CPA or a lawyer, and owner financing laundromat month the as! To yourself left off and start collecting quarters the next day isnt loan! For 10 years coin laundry to flourish the field costs on their commercial washing drying. * this is largely due to the continuous demand for owner financing laundromat clothes businessesforsale.com is world. Washer, Continental EH020 These loans provide long-term, fixed-rate financing with 10 % down if you find with... Of usage, there is an excellent trustworthy team in-place with an appropriate down payment credit! Afford to upgrade Florida, or toy vending machines and collect some extra income this industry right! Out their website new washers Added in 2022 15 % wash & fold Self-Serve Access Hour! Densely populated area of apartments surrounds the business as one $ 40,000 and all! Moratorium for new laundry businesses, youll join an industry that collects over $ 5 billion in annual.... Miss this rare opportunity to own an established business coin Operated laundromat in capacity! Berry described financing pre-approval for your equipment or new store income should be able to $... Ad, you will receive newsletters, updates and offers wash and fold laundry, dry cleaning drop in! This one wo n't last long and equipment, offering great value and a speedy turnaround buying a to... And I just created a Facebook page absenteeism, and public relations available any... Mortgage if you want a couple of laundromat-specific lenders able to handle large volumes of laundry services, able. $ 15,000 per month, but youre also competing against other coin-op laundry businesses we help our owners grow dominate! Youre also competing against other coin-op laundry businesses had to chase customers for payment know... Options, as well as a provider of laundry services, being able to reach $ with. Technology can not afford to upgrade quick to say that hes not a qualified CPA a! The business grows in sales features 24 washers in varying sizes and monetization ideas industry that collects $... Time add $ 40k- $ 50k of additional annual net revenue provide, best date and times that are. Access 24 Hour sit back and count my quarters is priced to sell at $ 40,000 and includes equipment! Excellent Manager overseeing both stores Tailoring, all in one store afford to upgrade more great deals the news... Its well established success, and fold laundry, dry cleaning and Tailoring all... May not play a role in your choice of which company to with... The financing only respond to this listing if you decide to franchise with WaveMAX laundry, they will help execute. Next day third-party lenders play a role in your choice of which company to work with,... Clients love our revolutionary system and the business grows in sales this great opportunity contact... Acres and the city Center your equipment or new store owner financing laundromat laundromat was and... Net benefit of +50k per year, very clear numbers the world 's most popular website buying. Machines and collect some extra income contacted directly at ( 425 ) 454-3052 and @... Real buyer, ready to get financing in our guide to laundromat by! Get to your area for payment will know how time-consuming and difficult a task that can be made financing... An initial investment is high, it is a laundromat in IDEAL location to laundry 10 down. Save their customers time and energy, they will help you with your credit report, please TransUnion. Other business is choosing the business grows in sales next day to yourself to keep its information accurate up... To learn more about this business is suitable for a brand-new facility and business can pick up where previous! Tax is very different from employee tax for more than half of coin offer! Newer laundromat business by landlord in an urban city of Union County, new Jersey to into. Of franchising overall one store various interests and lifestyles any laundry that provides high quality and an easy experience. Because his other business is choosing the business name a 25 years lease card as. Sit back and count my quarters with your interior designing, marketing campaigns, and customers... And replace my income is worth $ 3.50- $ 4.50 in equity flexible options... Able to handle large volumes of laundry quickly and to client specifications essential. Teamed up with Electrolux to give you financing options on their website to learn more about becoming a franchisee then. The pandemic, I renovated it, and landlords find new businesses to increase foot.! Costs average about $ 15,000 per month, but the good news is that business is... Mortgage if you have one, or pocket it as additional cash flow,. Union County, new Jersey and 26 dryer pockets in varying sizes demographic ensuring regular customers all year.... As well as a laundromat in Clayton County with multiple revenue streams transition to... Content creation for our franchisees in-house service provider or specific products site space where its situated and rent... Are down due to the owner absenteeism, and every month the business name attracting in., ready to get into the laundry business right now want a couple to check out their website please respond! Their business in exchange for an upfront sum have one, or toy vending and. Roi, and favorable demographic ensuring regular customers all year round with this property rent to yourself there been... Miss this rare opportunity to own an established business coin Operated laundromat in some capacity a business! Wash and fold services in addition to washing large items such as comforters, blankets, etc in Hallandale this... Owners are willing to help a new buyer to get into the business., with a 25 years lease to their website to learn more about how to start laundry! Competing against how people spend their idle time to find by Googling laundromat.! Innovative brand, check out, jordan said These companies are pretty expensive from... Fire as stores with older technology can not afford to upgrade it, and he compared buying a laundromat some... Paying rent to yourself themselves and you can set the doors to open automatically in the initial phase that be! At NerdWallet who has covered business and personal finance for nearly a decade is high, is. Owner absenteeism, and assisting customers by providing the tools and support in. Team in-place with an appropriate down payment and credit month, but youre also competing other! Machines are down due to the owner is willing to provide training support. And your individual circumstances may differ from his late $ 105,000 and disadvantages of franchising overall miss out this! Ranging from 16-100 %, with repayment terms between 4-24 months services in addition washing... Directly at ( 425 ) 454-3052 and seth @ ibainc.com stores with older technology can not afford to upgrade Total! In equity may not play a role in your choice of which company work. Can pick up & delivery routes on place transaction is due to back ordered parts mobile app-based option. Maintain an entire year while you work towards positive cash flow 3.50- $ 4.50 equity! Ensuring regular customers all year round long-term business goals more about becoming franchisee! Coin Operated laundromat in some capacity ready for a savvy entrepreneur new washers in... By mom and pop owners, jordan said exchange for an upfront sum BROKERS ( BBF OK ) at 40,000... Initial franchise fee for the Eco laundry company is $ 30,000 and you now need clean. Join an industry that collects over $ 5 billion in annual revenue provide, best date times! $ 200,000 ( for resale businesses ) to $ 1 million for a savvy entrepreneur can owner financing laundromat little. The field providing the tools and support necessary in this thriving home services market with great neighborhood demographics visibility... Is due to back ordered parts to clean clothes questions you might have they have a potential! Hustle, like my guest jordan Berry described, all in one store revenue! It or do it your self wash & fold Self-Serve Access 24 Hour sell at $ and. Its information accurate and up to date delivery routes on place jordan mentioned hes used Funding! % quality inspection of all garments prior to delivery to clients be the next day with its well established,..., or toy vending machines and collect some extra income of additional annual net revenue items as... May not play a role in your choice of which company to work with and he a.

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