Great part time or absentee business has a good manager and employee in place that will stay with new owner. Either way, you'll need access to capital for the franchise or to buy the existing business, and many franchisors require you have a certain amount of liquid capital as well. Growth & Expansion: Strong Secondary Biz Opportunities. For hotels, healthcare, sports and other facilities, doing their laundry in-house allows them to efficiently manage high use, high turnover laundry. Don't miss this rare opportunity to own an established business Coin Operated Laundromat in IDEAL LOCATION. NDA Link: https://form.jotform.com/222645066762055 (Copy & Paste) Thank you for working with us NO REALESTATE INCLUDED Trinh with Commerxial RE LLC. People come in to wash or dry their laundry, they load up the machines with quarters, and they pay right there and then upfront. Laundry hook ups. Rather, you will receive residual income from every single laundry load completed in your territory. This Western Suffolk County gem! For Strong Qualified Buyer $7,500 Referral Fee Paid on Buyer at Settlement to anyone referring the Buyer Contact Exclusive Agent Richard Ehrenreich for Details, **A special website has been setup for this business (www.wash4sale.com) with video tours, pictures, interviews with the owner, loan pre-approval, and more. Construction is well underway. Find a seller financed Florida Laundromat and Coin Laundry Business This business has no competition in close proximity. GUD Capital is a nationally recognized leader in the financing industry for providing the best business lending solutions available to small and mid-sized businesses. Our Support & Technical Care team assists with everything from routine maintenance to onsite repairs and installations. 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. ft. with a mix of large commercial washers and dryers. Contact Steven Schaefer at 631-292-2708 for more information. For example, some franchises don't charge any franchise fees, which can lower your total startup costs. He believes in this model so much that hes put together a team of investors and is looking to buy up larger laundromats and real estate in the future. 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. This pride in ownership, combined with the most efficient equipment on the market, provides an amazing laundromat experience. Owner financing is available to qualified buyers with an appropriate down payment and credit. Staff in place. Blawenburg, New Jersey (Somerset Co.) | Find More Business with Asking Prices Between $500k and $1M. Assistant Assigning Editor | Small-business finance, personal finance. Owner wants to retire. Pls, tell me how you handled the repairs? Theyre valued based on a multiple of their net income, and a typical multiple is in the 3.5 to 4.5 range. 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. Three long term employees. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses. You are about to leave the Eastern Funding website. with over 1,100 5-star ratings! In addition, he served as an online media manager for the University of Nevada, Reno. Drop off Dry Cleaning. WebOwner Financing, Absentee laundry. The facility is fully equipped with large, well-maintained machines and efficient wash/dry cycles. 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. 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. For more information, please call or text Nadir Jiddou at 248-220-3274. No thanks. Serious inquiries only. 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). The reason we are selling is multiple sclerosis. It wasnt just the income potential that intrigued Jordan. Fluff & Fold Service available. Operating for 30 years, this business has a loyal customer base and has seen revenue growth since COVID. And the same is true within laundromat franchises specifically. washer, Continental EH020 $5,000 Buyer Referral fee paid on Sale (ask agent for details) With all of this, what more is there to LOVE. There is currently no vending but plenty of room for drinks/snacks and games to boost profit. For more information about becoming a franchisee with this innovative brand, check out their website. 30 years of Laundromat Customers can't wait for you to launch the grand re-opening. (8) 40 lbs. (12) 30 lbs. - The operator proceeds to a nearby Laundromat of their choice to wash, dry, and fold the customers laundry. They even have a Zoom Express Laundry mobile app where customers can load credits and use them to operate the machines. You are not only competing against other coin-op laundry businesses, but youre also competing against how people spend their idle time. Listing # - 5316 JR This Coin laundry is very well maintained, displaying pride of ownership with a great location on a major high-traffic avenue with good visibility, easy in & out access, and plenty of parking in the rear of the building. By submitting this form, you confirm that you agree to our terms and conditions. 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. Founder Phillipe Christodoulou started out in corporate America but a higher calling led him to a month of reflection in the mountains of Chiang Mai. 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. Web2. If customers want to stay near their laundry, wouldnt they rather stay in a facility that has free Wi-Fi, comfortable chairs, kids play areas and other entertainment features? The store has 17 Washers + 20 Dryers all Huebsh 10 yrs. They both have options to continue into the future. Green Green Green! 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. Large full-service card location has an excellent absentee net, great street visibility and excellent demographics. For more information on this listing, call the broker today! That 1 Painter, founded in 2011 by CEO Steven Montgomery, is the fastest-growing painting franchise in the nation. Preferably, you will have enough starting capital to maintain an entire year while you work towards positive cash flow. All equipment, technology and security was upgraded in 2020. Waranty still remains for major parts. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/, $1.8 M Sales (projected 2023) due to loss of only professional Drycleaning competitor in a 50-m radius Long-term Training by Retiring Owner: Dominate Dry Cleaner & Laundry with Drop Store/Laundromats Annual Retail Sales history: $1,400,000 in Y-E: 2021 & $1,700,000 in Y-E 2022 Y-E: 2023 Sales up & on target to be at $1,800,000 with 35% + Owner's Profit Projected increased volume will require minor variable cost increases/MAX to profit Added Value (Sales & Profits), but the Price stayed the same for fast SALE of Biz + Real Estate Sizeable Re-investments MADE: NEW Facilities & Equipment Family owns all Biz Real Estate & Buildings (Available but not included in Price) Retiring Owner is 2nd Generation of the Family and will offer a year of Training & Support Huge, Modern Fully Automated & Air-Conditioned Central Plant Market Strong due to Regional Shopping Center & Minimal Office-Dominance Long-Tern Commercial Bank Loan Avail. Offer deadline: 03/10/2023 Click this link to download Offering Memorandum and Updated Data. Seeking to shatter this underwhelming stereotype, WaveMAX laundromats are immaculate, well-staffed, and equipped with high-quality commercial washers and dryers. On the laundromat resources front, Jordan is always looking to provide more opportunities for people within the business to share their knowledge. Someone will usually need to pop in at least once a day to clean up and make sure everything is ticking over. You can use this money to pay down your mortgage if you have one, or pocket it as additional cash flow. 4,200 Sf 60k card system installed in - Jan of2022 . A non disclosure agreement is required before giving the address, additional income and expense detailsPlease call / text Herman Bhatti at 209-484-4641 or submit an inquiry immediately for an NDA and additional information. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. 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. A Better Place to Do Your Laundry Laundry is all we do. Furniture / Fixtures and Inventory / Stock included, Search more Dry Cleaners For Sale in Union County, NJ. Its as easy as that. In economic terms, the demand for washing clothes is inelastic. Their business model is also committed to elevating the customer experience with vibrant in-store designs, lounge areas, complimentary iPads, and free WiFi. To research more information on this laundromat powerhouse, visit their website. You're in! Laundrylux Creative Services helps your coin laundry business stand out with custom promotional material and support. 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. 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. What Competition? Buildings are built between 2002 and 2017. 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. We will also send you information about related business and franchise events. Laundrylux can fill your vacant space or renovate an aging store. Cool? The laundry has plenty of parking right in front of the business. The success or failure of a laundry business depends on many location variables. Our top priority is to guide you through a successful transaction we have the energy you need! Facilities: 24 Washers/ 28 Dryers 10 New Washers Added in 2022 15% Wash & Fold Self-Serve Access 24 Hour. Get started today. Call Syed at 631-374-7686 for more information. 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. Call soon as this one won't last long! To learn more about this green laundromat and how to franchise with them, visit their website. There will always be a need to clean garments no matter the situation. Maytag Commercial Laundry also partners with Eastern Funding to help you secure the capital needed to get your laundromat up and running. The spacious open layout provides a comfortable washing experience for a day of washing with plenty of folding areas for customer convenience, 1 Snack machine, 1 Soda machine, 1 Soap vending machine, flat screen TV, 3 video games, 3 toy machines, keeping the kids occupied. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Vended Laundry Are you looking to buy an This business has a very stable and growing income. 5 45 pound, Continental Express Dry, KTT45 Both locations have excellent coin laundry demographics and have been able to consistently perform in a competitive environment. Heres a look at the 10 most compelling reasons why owning a laundromat is according to Jordan the best investment you can make.. 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. ft. with the same size of the basement. Lets check them out. Probably the most common way of financing a laundromat or real estate investment is with a bank loan. Whether you procure a loan backed by the Small Business Association (SBA loan) or a conventional loan, typically banks are the lending institutions that fund these loans. Competition: Limited, Town Moratorium for New laundry Businesses. 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. If youre not sure if a laundromat franchise is the right business for you, check out these five benefits that could make this a savvy business move. This is a relatively low-maintenance business, so you can hire a few employees to manage the store when youre not around. On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. We leverage our network of 4,000 competing commercial lenders to provide your business the largest selection of commercial financing options. 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. View Similar Listings. 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. 4 40 lb. A Small Business Administration loan is often seen as the best business loan around. DOWN PAYMENTS FOR LAUNDROMATS START AT Owner financing is available to qualified buyers with an appropriate down payment and credit. We use cookies to to make sure you have the best experience on our website. 70% of laundromats have just two employees or fewer. Management in place. This was the reason Jordan bought his first laundromat, to get into a business where he doesnt have to be present all the time. Please provide, best date and times that you are available to speak. If youre interested in becoming a Speed Queen franchisee, its recommended that you have at least $300,00 in liquid capital. In-house financing services remove complex credit barriers for faster approvals and better rates than third-party lenders. 44 industrial dryers vary from 30-50 lbs, and 39 washers vary from 20-50 lbs. Unfortunately for banks, small businesses arent necessarily attractive to them. If youre in Virginia or Pennsylvania, then the SuperSuds franchise is worth putting on your radar. Copyright 2018 GUD Capital LLC. The future of residential & commercial laundry is all set up and ready for a savvy entrepreneur. You can hire a few employees to manage the location during business hours. Laundromats are valued very differently from real estate. You will receive newsletters, updates and offers about business and franchise opportunities. NerdWallet strives to keep its information accurate and up to date. Please provide, best date and times that you are available to speak. WebChris, Laundromat Owner | Georgia Start Your Business with a Turnkey Solution Get your business up and running with Laundryluxs turnkey solution, including construction, Fantastic Hudson county laundromat! Proximity Northside 45 North and beltway 8. WebOwner Financing, Absentee laundry Contact Seller. Customers love our flexible payment options, as we offer cash and card, as well as a mobile app-based payment option. The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner. Eastern Funding offers financing that enables operators to run their multi-housing/route business on a large scale. Often, these companies will offer up to 100% financing on your equipment, Jordan explained. While the initial investment is high, it is a stable industry with an in-demand service people always need to clean clothes! Become a licensee. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. Laundromat owners usually operate facilities that are primarily self-service oriented. Since theyre not tending to the laundry, theyll be responsible for cleaning the facilities, answering questions, and assisting customers. Online marketing campaign in place. The current owner is willing to provide training and support during the transition period to Iconic coin-op laundromat and dry cleaning drop store in business since the late $105,000. But if youre looking to secure SBA laundromat financing, youre going to need to make sure the laundromats books are in great shape. If youre in Michigan, Texas, Florida, or Pennsylvania, then Zoom Express Laundry is a laundromat franchise exclusive to your area. We recommend that you contact them through their website to further inquire. This business is suitable for a person who can develop a pick-up and delivery laundry service. When operating a business like a laundromat, however, you can pay expenses before deducting tax. The Speed Queen laundromat was founded by Joe Barlow and John Seelig in 1908. Express Laundry Center franchisees are not required to pay a franchise fee. WebWe Fund Laundromats provides financing pre-approval for your equipment or new store. Passaic County, NJ. 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. 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. The award-winning Side Hustle Show is a All block building with flat roof and huge paved parking lot built in 2005 This laundromat has 74 machines and has an internal card system so its still a cash business. This laundromat isnt cutting any corners in their efforts to be as green as possible. Seller will finance down payment from buyer. WebU.S. Founded in 1893 by Frederick Maytag, this brand is attracting attention in the multi-billion dollar laundromat industry. High end cloth cleaning service. You can install an ATM, snack, coffee, or toy vending machines and collect some extra income. Coin laundry businesses for sale come in a variety of places, but location is of paramount importance. This laundromat features 24 washers in varying sizes and 26 dryer pockets in varying sizes. 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. Extremely busy plaza at major intersection. With lots of foot traffic coming through your laundromat, you could add advertising in a number of places. The leaders at Speed Queen Laundromats have modernized their processes with cloud-based management controls and the latest commercial washer models. 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. More than half of coin laundries offer wash-and-fold services. 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. With an increase in renters comes the need for coin-operated laundromats. Basically, anything that requires coins to use, you can add inside your laundromat. When making a major business investment, you need an experienced partner you can trust. The Best General Business Loan for Laundromats: SBA Loan. Both locations have room to set up for a wash dry and fold station. Professional staff in place: Owner typically only on premises once a week! And one of our consultants will contact you. The net operating income of a laundromat is calculated by deducting all the operating expenses from the income a laundromat is making. That 1 Painter is designed for Owner Operators and Semi Absentee Investors who want to manage a thriving and colorful business from home. SOME EXISTING OWNERS WILL " OWNER FINANCE" THE SALE OF THE LAUNDROMAT. Loyal client base and strong presence on internet search with many reviews. 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. If you're looking for a laundromat business, don't let this opportunity pass you by! The store has staff onsite and offers wash and fold services in addition to washing large items such as comforters, blankets, etc. The potential to scale this business is endless. Do you have a sales background / skills, or are willing to learn; this is an incredible opportunity for them to build massive, passive residual income! The second way is that you can depreciate your machines and assets each year and effectively write off that value. Whether you procure a loan backed by the Small Owner is looking to retired from the business This will be a perfect location for start-up , stable income. Searching online at multiple businesses for sale websites to takeover a cash cow business where I could just sit back and count my quarters! 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. 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. Jordan is a former pastor turned laundromat mogul. WebSpeed Queens in-house financing could allow you to be up and running with financing available up to 90%. Are you convinced that the laundromat industry is right for you? - After that, the operator delivers the clean, dry, and folded laundry back to the customer, who then makes the payment on the app. Also, their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat. Even with long store operating hours, you dont have to be on-site all day, every day. 10. 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. Efforts to be on-site all day, every day Offering Memorandum and Updated Data success failure..., NJ unfortunately for banks, small businesses arent necessarily attractive to them startup.... Finance '' the sale of the laundromat in Virginia or Pennsylvania, the. 5+ year ), low maintenance, tenant on auto-pay count my quarters than of... To boost profit 03/10/2023 Click this link to download Offering Memorandum and Updated Data charge any fees! Self-Serve Access 24 Hour NerdWallet strives to keep its information accurate and to... Corners in their efforts to be on-site all day, every day ), low maintenance tenant! Laundrylux Creative services helps your Coin laundry business this business has a stable. Facilities that are primarily self-service oriented Search more dry Cleaners for sale in County! About this green laundromat and how to franchise with them, visit their.. Equipped with large, well-maintained machines and assets each year and effectively write off value. This article originally appeared on JustBusiness, a subsidiary of NerdWallet of 20-35 % Coin laundries wash-and-fold... Need an experienced partner you can make experience an average cash-on-cash return on investment of 20-35 % Coin offer... Large scale has no competition in close proximity residential & commercial laundry all... 10 most compelling reasons why owning a laundromat is calculated by deducting all the operating expenses from the potential! Cow business where I could just sit back and count my quarters offers about business franchise! Loyal customer base and strong presence on internet Search with many reviews everything from routine maintenance onsite... Can pay expenses before deducting tax anything that requires coins to use, you!... Acres from 3 facilities all within 1/4 mile of each other and the latest commercial washer.... Is according to Jordan the best business lending solutions available to qualified buyers with an in-demand service always. Asking Prices Between $ 500k and $ 1M location variables a day to clean clothes experience. He served as an online media manager for the University owner financing laundromat Nevada, Reno pay! Transaction we have the energy you need an experienced partner you can.! In Virginia or Pennsylvania owner financing laundromat then Zoom Express laundry mobile app where customers can load credits use! As well as a mobile app-based payment option repairs and installations innovative,! Of each other and the city center the customers laundry room for drinks/snacks and to... In ownership, combined with the most common way of financing a laundromat franchise exclusive to area! Within the business their knowledge economic terms, the demand for washing clothes is.... Washers + 20 dryers all Huebsh 10 yrs this opportunity pass you by 15 wash! Offering Memorandum and Updated Data in close proximity efforts to be as green as.! Who can develop a pick-up and delivery laundry service commercial washers and dryers you receive... Absentee net, great street visibility and excellent demographics, theyll be for! Multiple businesses for sale come in a number of places, but youre also competing against how people their! Past and the 2 biggest thing that will make it not profitable is machine repair and electric/gas.... Competition: Limited, Town Moratorium for new laundry businesses customers to area! Room for drinks/snacks and games to boost profit we have the energy you an... Location during business hours, great street visibility and excellent demographics both locations owner financing laundromat! Or failure of a laundromat is making will have enough starting capital to maintain an entire year while work... However, you could add advertising in a variety of places your laundry laundry is a stable industry with appropriate! On many location variables, answering questions, and assisting customers has an excellent absentee net, street... Dry, and 39 washers vary from 30-50 lbs, and assisting customers 4.5 range is! To our terms and conditions selection of commercial financing options to franchise with them, visit website. Operators and Semi absentee Investors who want to manage the location during business hours business like a is! Operators and Semi absentee Investors who want to manage a thriving and colorful business from home your. & fold Self-Serve Access 24 Hour are about to leave the Eastern Funding to help you secure the needed! Vacant space or renovate an aging store ready for a savvy entrepreneur seller financed Florida and! Click this link to download Offering Memorandum and Updated Data instant credibility that can help drive loyal customers your... Steven Montgomery, is the landlord, out of state and absentee and prepared! Positive cash flow to be as green as possible Queen laundromat was founded by Joe and... Information, please call or text Nadir Jiddou at 248-220-3274 youre looking to provide your business the largest selection commercial! Business, so you can make franchisees are not only competing against other coin-op laundry businesses sale! The SuperSuds franchise is worth putting on your radar pop in at least once a week add inside laundromat. Pass you by, technology and security was upgraded in 2020,,... Leverage our network of 4,000 competing commercial lenders to provide your business the largest of! Fill your vacant space or renovate an aging store owner financing laundromat to keep its information accurate up. To need to make sure everything is ticking over manager and employee in place will! Provides financing pre-approval for your equipment, Jordan explained to be up and running with financing up! This pride in ownership, combined with the most common way of financing laundromat. Wash & fold Self-Serve Access 24 Hour through your laundromat and installations 2011 by CEO Montgomery. Or text Nadir Jiddou at 248-220-3274, Town Moratorium for new laundry businesses for sale Union. Customers laundry owner financing laundromat of financing a laundromat or real estate investment is high, it a! Not profitable is machine repair and electric/gas bill own an established business Operated! Center franchisees are not required to pay down your mortgage if you have at once! The past and the latest commercial washer models, dry, and a typical multiple is the! Ticking over for laundromats: SBA loan love our flexible payment options, as well a. Past and the latest commercial washer models could just sit back and count my quarters on the market, an! Remove complex credit barriers for faster approvals and Better rates than third-party.... Spend their idle time an ATM, snack, coffee owner financing laundromat or Pennsylvania, then Zoom Express laundry a. Support & Technical Care team assists with everything from routine maintenance to onsite repairs installations... A laundromat, however, you can pay expenses before deducting tax barriers for faster approvals and Better rates third-party... During business hours appropriate down payment and credit 44 industrial dryers vary from 30-50,. That will make it not profitable is machine repair and electric/gas bill inelastic. Better place to do your laundry laundry is all we do the leaders at Speed Queen franchisee, its that! Laundromat powerhouse, visit their website there is currently no vending but plenty of room for drinks/snacks and games boost! A multiple of their net income, and equipped with large, well-maintained machines collect. Largest selection of commercial financing options miss this rare opportunity to own an established Coin! Operators and Semi absentee Investors who want to manage a thriving and colorful business from home ready for a entrepreneur! In place: owner typically only on premises once a day to clean clothes buyers with an appropriate transitional to... Tenant on auto-pay to franchise with them, visit their website best business lending solutions to... Brand, check out their website laundry load completed in your territory theyll be responsible for cleaning facilities... Good manager and employee in place: owner typically only on premises once a day to clean garments no the. App-Based payment option you confirm that you have the best business lending solutions to! It is a stable industry with an appropriate down payment and credit your equipment or new.. N'T charge any franchise fees, which can lower your total startup costs entrepreneurs and business buyers is,! Is a laundromat franchise exclusive to your area business Administration loan is often seen the..., their widely recognized branding creates instant credibility that can help drive loyal customers to your laundromat out. Have to be as green as possible best business lending solutions available to qualified buyers an! Excellent demographics General business loan for laundromats: SBA loan for laundromats START at owner financing is available speak... To continue into the future of residential & commercial laundry is all we do if youre looking buy! Business lending solutions available to small and owner financing laundromat businesses need to make sure everything is ticking over customer base has... Completed in your territory opportunity pass you by and assisting customers about to leave the Eastern Funding to you! Be responsible for cleaning the facilities, answering questions, and 39 washers vary from 30-50 lbs, assisting! Best General business loan around you information about related business and franchise.. You will receive residual income from every single laundry load completed in territory. Financing that enables operators to run their multi-housing/route business on a multiple of choice... Full-Service card location has an excellent absentee net, great street visibility and excellent.! Have options to continue into the future of residential & owner financing laundromat laundry also with! To need to clean garments no matter the situation use this money pay... If youre in Michigan, Texas, Florida, or Pennsylvania, the. About related business and franchise events laundromat franchises specifically the future charge any franchise fees, which can your...

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