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Absentee Coin Laundromat Business with Funding for sale in Baltimore, MD

Baltimore, Maryland (MD)

Asking Price: Gross: Cash Flow:
$ 550,000 Undisclosed Undisclosed

Business Summary:
This franchise has developed a system to change the way coin laundry locations are perceived and operated. The industry has primarily been made up of Mom and Pop operators who are taken advantage of by the washer and dryer Distributors whose sole purpose is to sell equipment to these non-business savvy operators. The industry has no brand, no business sophistication and massive turn over from operator to operator.

This franchise's secret is location, location, location. They have developed their own proprietary approach to discerning the best possible real estate play for their locations. It includes :
Right Site (Understand Demographics and Competition)
Right Size (Best size store based above)
Right Mix (Best mix of Equipment for the Site)
Maximum Profits (Keep all costs under control)

Key Factors :
Fantastic absentee business model
Extremely low employee count
Makes money when the franchisee is not around
Additional sources of revenue like vending machines
Best Construction for reduced costs
Green Initiatives
Partnership with Goodwill Industries
Equipment partnership for best equipment at lowest cost
Economic equipment operates at lowest energy costs
Simple business, coins / no cards, no playgrounds, no TVs
Best security systems and anti-theft practices
Mature industry with no national brands

What Does a Laundromat Customer Want?
Cleanliness is always #1,
Safety (women especially want to feel safe)
Friendly, helpful staff
Convenience (good parking, etc.)
Speed in and out.
Full-time attendants
Wash, Dry and Fold services
Free Wi-Fi
Working equipment (this is in line with cleanliness)
Hot dryers (equipment quality)
Price is important, but is down on the list.

Keeping up the appearance of the store is critical. Touch up paint (constantly), clean bathrooms, clean ceiling fans, no dust, no clutter with little signs and other crap on the walls, plants, etc. give a professional, branded appearance. We constantly hear this is the nicest laundromat I have ever been in. What is the role of the franchisee? Service, Service, Service.

No students or brokers please. Interested buyers must have a minimum net worth of $600K USD and a minimum of $225K liquid to qualify for in-house financing. The information contained in this ad does not constitute an offer to sell or award a franchise. Such an offer can only be made in compliance with applicable disclosure laws and a Franchise Disclosure Document. Check for current pricing and availability. Affordable Business Concepts, LLC does not make any guarantees or declarations regarding earnings. Buyer must be a US or Canadian Citizen.

For more information visit www.affordablebusinessconcepts.com

 

   
Facilities / Terms of Lease: This franchise is looking for multi-unit owners. Mimimum investment is for three laudromats over time. Strong location demographics. Significant effort goes into energy cost reduction by using insulation, window films and much more. The total project cost will vary depending on the size of the facility and equipment installed.  
   
Potential Growth/Expansion: Most buyers purchase multiple locations which provides growth over time. Buying multiple units also offers a franchise fee discount of over 25%.  
   
Competition: Their Secret Sauce, location, location, location is obviously number one. They have developed their own proprietary approach to discerning the best possible real estate play for their locations. Simple model for maximum profit and security.  
   
Owner willing to finance: Partial in-house project funding up to 65% of costs. We can also help you obtain an SBA Pre-Qualification in 24 hours or refer you to franchise friendly lenders. We can also help you use 401K funds to invest in your own business without penalties.  
   
Owner willing to train: Strong training and ongoing support. Includes training at headquarters and onsite trining. Assistance provided for site selection, lease negotiation and advertising.  
   
Reason for selling: This is a franchisor looking for a new quality franchisee in this area. It is not an existing business for resale but rather a starup up opportunity. Contact ABC to check for current pricing and availability. ABC makes no earnings declarations.  
   
Seller Reference Number: laundrybaltmd
BusinessMart.com Listing Number: 223157
 

 

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For more info contact:

Ben Adamo or Traci Mousetis

Affordable Business Concepts LLC
866-388-3576

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