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Business opportunity! This self-serve coin laundromat is approximately 1900 sq ft and includes washing machines, dryers, a coin operated soap dispensing machine and 3 laundry carts. Located on a major thoroughfare throug...
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Asking Price : $55,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Well maintained dry cleaning, alteration, coin laundry. Fantastic location with tons of parking. For more info, text Philip 778 318 3745. All numbers and contents to be verified by the Buyer or Buyer's Realtor. Do not ap...
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Asking Price : $59,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,290
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Well-established busy coin laundry business for sale in Aldergrove, the only laundromat in town. Surrounded by Commercial & Residential development fronting high foot traffic area of Fraser Hwy with built-in clientele. P...
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Asking Price : $418,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
This is a once in a lifetime opportunity to own a profitable and well run laundromat in North Edmonton! This laundromat has been in operation for forty years. Tons of upgrades were performed along with new washers and dr...
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Asking Price : $300,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Profitable Laundromat Business for Sale!! Discover a rare chance to own the only laundromat in Agassiz. This unique opportunity is strategically located in the heart of this thriving community. This well-established busi...
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Asking Price : $398,800
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 500
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
If you are looking for an easy business with minimum involvement, here is what you are looking for. This unmanned laundromat remotely opens and closes at your preferred operation hours with a surveillance system that all...
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Asking Price : $129,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,160
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Coin Laundry Business with long history and loyal local customer base. Good location and great potential. Updated machinery and equipment.Owners want to retire , Open 9am- 4pm , Wed. closed. Gross monthly rent : $4,705.0...
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Asking Price : $148,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 2,300
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
*3-INVESTMENT OPPORTUNITIES*->Laundromat+2 Rental Units+Huge Vacant 20 Unit DEVELOPMENT PROPERTY perfect for Building Rental Units in Fast Growing Greenstone.*Over $40k in Income Not including Land* shingles 10 years, f...
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Asking Price : $299,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 2,600
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Excellent Money Making Business Through An Absolutely Passive Investment Very Consistent and Stable Income Est. 35 Years. All Newer Machines. Located In A Busy Plaza With Plenty of Parking. Many Loyal Customers Commercia...
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Asking Price : $199,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 850
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Established laundromat in the flourishing town of Fergus. Located in a high traffic plaza on Highway 6. Turnkey operation with regular customers. Sale of Business only in a leased premises.**** EXTRAS **** Financial Stat...
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Asking Price : $189,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,196
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
What an opportunity to own your very own business, in the busiest corner of Val Caron! This laundromat is known for its impeccable cleanliness. The leased unit boasts 2300' square feet of space. The wash n' fold provides...
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Asking Price : $130,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Well Established Coin Laundry Available, Unattended Monitored By Security Cameras. Great Location. Many Apartments in the area and GM across the street. Low Rent $2700 With Tmi. Month to Month Lease. Modern 10 Washers 10...
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Asking Price : $325,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,200
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Laundromat Opportunity! Brand new equipment and fresh Opening. All the permits, and business is operating. Top end Maytag equipment, All commercial grade. Vending machine, cash machine, folding tables and all to turn the...
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Asking Price : $65,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 670
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
One of a kind business opportunity. This building is located right on a corner lot adjacent to the boat launch, overlooking the lake. The front of the building is retail, middle is currently operating as a laundry matt...
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Asking Price : $775,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 6,088
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Whether you would like to be your own boss or would like a bit of income on the side, you should have a look at this opportunity. This operating carwash and laundromat in Hythe has been operating for 50+ years and provid...
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Asking Price : $179,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 2,927
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Excellent Coin Laundromat Without* Property. Professional designed and established business;Water Boiler: Laars MightyTherm AP Gas Fired Heater 300,000BTU Water Tanks: 2 A.O. Smith Vertical Storage Tanks 119 gallon (2 y...
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Asking Price : $798,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 3,170
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Long Established Coin-Op Laundromat In Superb Location Surrounded By Residences, Buildings And Businesses, Schools And More. Clean, Lots Of Folding Space, 2 Parking Spaces At Rear And Plenty Of Parking On Street. Soap Ve...
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Asking Price : $175,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,100
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Sale Of Well Established And Profitable Coin Laundry, One Of The Best In GTA, In A Prime Location On Main Street. All Equipped With High End Wascomat/Electrolux Washers and Dryers. Well Built Customer Base With All Bui...
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Asking Price : $1,250,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Are you considering a new business venture? The Neighbourhood Laundromat could be yours! This well- established business has been successfully operated by a family for almost 40 years, and has built up a loyal customer b...
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Asking Price : $149,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Turn-Key Dry Cleaning, Wash & Fold Service/Laundromat In Keswick! Highly Lucrative Business And Easy To Operate! In Operation For 30+ Years! Exceptional Lease With Competitive Rate In Place! Price Also Includes 9 Regular...
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Asking Price : $99,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,083
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Well Established Eco-Friendly Dry Cleaning/Laundry Plant (On Site Dry Cleaner), In Prime Location In Mississauga, Successful Operation For Over 20 Years. With Established Loyal Clienteles. Lots Of Room To Grow. Well Esta...
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Asking Price : $179,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,114
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Coin laundry with Drycleaning and wash and fold service. Rent $4500.00 per month, included TMI and HST. Net profit $6000.00 p/m after all expenses. Long lease.**** EXTRAS **** Full training will be given to buyer (i...
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Asking Price : $429,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 2,006
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
This North Port commercial/residential property has two commercial leases and four residential units. Main level leased by Panago Pizza with 5 year lease in place (plus three 5-year renewals) and laundromat. Laundromat...
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Asking Price : $999,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
coin laundry with Drycleaning and wash and fold services. Rent $3800.00 per month included TMI and HST. Net per year $ 6o,ooo.oo. Lease will be 5 years + 5 years option.**** EXTRAS **** New buyer will get full training...
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Asking Price : $239,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,222
Monthly Rent/Sq. Ft. : $239,000
Lease: # Years 0 # Renewals 0
After 44 years of owning & operating this successful Laundromat Business these sellers have decided it's time to retire, & the sooner the better! They take great pride in their business & would love nothing more than t...
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Asking Price : $64,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,200
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Bright, spacious and super clean coin laundry on a great location. Multiple large capacity triple washers. Potential to add alteration and dry cleaning services. Business hours: 9am - 7pm (weekdays) and 8am - 6pm (weeken...
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Asking Price : $389,999
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Introducing a rare and wonderful opportunity in the Real Estate market. This property offers 2 well maintained buildings with all the necessary equipment, making it an excellent turnkey operation. With 2 buildings on the...
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Asking Price : $485,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
This coin laundromat has water purify machine unit.Same owner since 2005.Rent $ 1250.00 per month plus HST. Net per year about $ 50,000**** EXTRAS **** Full training will be given to new buyer. (id:39198)
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Asking Price : $199,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 800
Monthly Rent/Sq. Ft. : $199,000
Lease: # Years 0 # Renewals 0
Highly profitable coin laundry with property in the heart of Wilson Ave & Keele St. 18 Washers including new 2 x 65 LB & 3 x 15LB Electrolux and 22 Dryers. New boiler and hot water tanks. New roof. Hybrid type of operati...
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Asking Price : $1,250,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 3,251
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Excellent business to start as a couple. Well managed "Coin Laundry" business in Plaza. Size (1220 sf) Rent ($3,333.33+GST) Lease term 3.5 +5. No Demolition. Never approach STAFF directly (Always confidential) Showing by...
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Asking Price : $84,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
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Are you an aspiring entrepreneur looking for a unique opportunity to own a service-based business? Then consider the thriving sector of laundromats for sale in Canada. Laundromats offer an engaging business model, providing essential services to communities while offering steady cash flow. With proper oversight and management, these operations can be systematized for efficiency. Beyond being just a place to wash clothes, laundromats hold significant potential for solid returns on investment.
Laundromats, a fixture in communities across Canada, provide an essential service. Regardless of economic swings or technological advances, everyone needs clean clothes, making laundromats a recession-proof business. Even in the home appliance era, laundromats have a distinctive appeal for large households, students, apartment dwellers, and those with specific laundry needs, such as bulky items or high-capacity loads.
Moreover, laundromats typically have low operating costs. After the initial investment in equipment such as washers and dryers, ongoing costs are generally limited to utilities, maintenance, and lease or mortgage payments. These businesses are mainly cash-based, represented by the coin laundry business model, which simplifies the financial aspects of the operation and results in a steady cash flow.
According to Statistics Canada, the revenue from coin-operated laundries and dry cleaners has steadily grown, indicating that this sector remains profitable despite changing market conditions. You can explore the various laundromats for sale at FindBusinesses4Sale, which offers options across different provinces.
Owning a laundromat presents an enticing business opportunity for various reasons. The laundromat industry follows a straightforward business model, providing easily understandable processes even to novice entrepreneurs.
In contrast to many other businesses, laundromats operate efficiently with minimal staffing requirements, resulting in reduced labor costs and fewer management challenges.
An advantage of a laundromat lies in its scalability. One can own a single laundromat, manage multiple facilities in different locations, or even expand into a larger coin laundry business chain. The business model effectively supports such growth and diversification.
In addition, the flexibility accompanying owning a laundromat serves as another significant allure. Many laundromats operate on a self-service basis, allowing them to function efficiently even in your absence. This grants you a schedule flexibility that surpasses what most other business owners can enjoy.
Running a laundromat offers various opportunities for diversifying services. These may include dry cleaning, wash-and-fold service, and even the integration of a café or small convenience store to generate additional revenue streams.
However, it is important to keep in mind that purchasing a laundromat can offer an excellent opportunity to become an independent business owner. Nonetheless, this venture also entails certain responsibilities that must be understood beforehand.
Finding Laundromats for Sale in Canada To embark on a foray into the laundromat industry, one must first seek out the ideal laundromat that aligns with both financial aspirations and personal objectives. Thankfully, an array of accessible resources exists to assist in locating available laundromats across various regions within Canada, spanning major urban centers as well as quaint rural towns.
Online Resources for Laundromat Listings Online platforms, such as FindBusinesses4Sale, provide a wide range of laundromat listings, making your search effortless and convenient. These platforms offer comprehensive information about each business's sale price, location, revenue, and other vital factors. Whether you're looking for laundromats for sale in Alberta or exploring opportunities in Ontario, an online search can unveil numerous prospects that may not be easily found elsewhere.
For those specifically searching in British Columbia, visiting FindBusinesses4Sale provides direct access to numerous laundromats available for sale. These resources enable you to explore the industry's current landscape and identify opportunities that align with your specific business objectives.
Connecting with Local Business Brokers When searching for laundromats for sale, business brokers can play a valuable role as trusted assets. They possess an in-depth understanding of the local market, have established industry connections, and are well-equipped to guide you through the intricacies of the buying process. A skilled broker will offer insights on various aspects such as valuations, negotiations, and overseeing the final closing procedures. Their expertise ensures a smoother experience for aspiring laundromat owners.
Whether you're exploring laundromat business in Canada or connecting with a local broker, achieving a successful purchase hinges on comprehending the venture and making well-informed choices.
Before investing in laundromats for sale, it is essential to meticulously evaluate them. This evaluation includes carefully assessing various important factors associated with the business. These factors range from analyzing the location and target market demographics to thoroughly examining financial statements and gauging the condition of the equipment.
When considering a laundromat for sale, one of the crucial factors to prioritize is its location. The accessibility of the establishment plays a significant role, but equally important is selecting an area with a demographic that heavily relies on laundromats. This category encompasses individuals who lack access to personal washing machines or prefer the convenience offered by such facilities. A study conducted by the Federal Economic Development Agency for Southern Ontario reveals that regions characterized by a high concentration of multi-unit dwellings and low rates of homeownership often experience a significant demand for laundromat services.
If one considering purchasing a laundromat in Ontario, it would benefit explore areas with high population density, such as Toronto or Mississauga. Our website's Ontario listings page provides numerous options in these locations.
When evaluating laundromats for sale, thoroughly reviewing the financials is of utmost importance. Analyzing income statements, balance sheets, and cash flow statements is crucial. Understanding the business's profitability and financial health entails considering key metrics such as revenue, net income, operating costs, and existing debts.
The financial performance of the business in recent years provides valuable insight into its stability and potential profitability. It is crucial to consider any recent trends in the financials as well. For example, has the revenue been consistently growing or shrinking? Has the business consistently maintained profitability?
In assessing the laundromat, it becomes crucial to evaluate the condition of both its equipment and facilities. The functioning state of washers, dryers, coin machines, and other apparatus is paramount.
Additionally, paying attention to overall aspects such as cleanliness, layout, lighting, and security significantly impacts customer satisfaction - consequently affecting the business's success.
Considering the age of the equipment is a wise decision. If the washers and dryers are approaching their life expectancy, it may be necessary to budget for replacements in the near future. Our service businesses listings offer comprehensive details regarding laundromats for sale, including information about the facilities and equipment.
Purchasing a laundromat can require a substantial investment. However, by adequately preparing and obtaining the right support, the process can become more streamlined. This involves understanding the steps involved in buying, exploring various financing options, and familiarizing oneself with the requisite licenses and permits.
In the process of purchasing a laundromat, there are multiple stages to go through. It begins with conducting initial research and scouting for the right location. Then, it involves negotiations and ultimately making the final purchase. To make well-informed decisions, it is crucial to have a clear understanding of each step involved.
When considering the purchase of a laundromat, potential buyers must take into account several factors: the preferred type of operation (coin-operated, card-operated, or a combination), the size of the business, and its location. After identifying a potential business to buy, thorough due diligence becomes imperative. This involves conducting a comprehensive investigation into all aspects of the prospective venture.
When searching for laundromats for sale in Canada, you can rely on our website. It provides comprehensive listings and guides you through the process with services such as reviewing financial records, inspecting premises and equipment, and evaluating the market and competition.
Understanding your financing options plays a pivotal role in purchasing a laundromat business. While some individuals may have the means to buy a business outright, many will need to explore various financing avenues. These options encompass loans offered by banks or other financial institutions, vendor financing arrangements, and even utilizing personal savings.
Different lenders may have varying requirements for obtaining financing. Generally, a solid business plan, personal financial statements, and possibly some collateral are necessary.
Additionally, financing can be used to acquire new equipment such as washers and dryers or to renovate facilities if needed. At FindBusinesses4Sale, we specialize in connecting individuals with experienced lenders who focus on business purchases.
When buying a laundromat in Canada, it's important to consider the necessary licenses and permits. These requirements can vary depending on the province and municipality where the business is located. Therefore, conducting thorough research on the specific regulations for your desired location is essential.
In most cases, operating a business requires obtaining a business license. Additionally, depending on your location, you may also need permits for signage and building renovations. The Government of Canada offers a comprehensive list of licenses and permits tailored to different types of businesses.
If you plan to offer dry cleaning services alongside your coin laundry business, it's important to be aware of any additional requirements. You may need a specific license to handle and dispose of the chemicals used in dry cleaning. To ensure compliance with environmental regulations, reach to your local environmental agency or refer to the Government of Canada's resources.
By gaining an understanding of the buying process, carefully evaluating financing options, and conducting thorough research on required licenses and permits, individuals can confidently proceed with purchasing a laundromat for sale in Canada. While embarking on the journey of owning a business may initially appear challenging, with access to proper resources and supportive networks, it can transform into an exciting and fulfilling entrepreneurial endeavor.
Running a laundromat encompasses more than mere ownership; it entails ensuring its long-term success. This article provides several strategies to help make your laundromat venture prosper.
Consider expanding your laundromat services beyond the standard wash-and-dry options. By offering additional value-added services like dry cleaning, wash-and-fold, and ironing, you can attract a wider range of customers and potentially increase your income. Standing out from the competition could significantly benefit your business.
To create a more comfortable and inviting atmosphere for your customers at your laundromat, consider offering amenities like complimentary Wi-Fi, a cozy waiting area, or vending machines. These additions can enhance the appeal and comfort of your establishment, ultimately encouraging repeat business.
By implementing effective marketing strategies, you can significantly enhance the visibility and success of your laundromat. To achieve this, consider establishing an online presence through a dedicated business website and social media accounts. These platforms offer opportunities to engage with customers, share updates, and effectively promote your services.
Additionally, it's worth considering traditional marketing methods such as local newspaper ads and flyers distribution in the community One should consider leveraging online platforms that list businesses for sale, such as FindBusinesses4Sale, to enhance their visibility among potential customers seeking relevant services. These platforms offer valuable opportunities for increasing exposure and attracting prospective clients, even if the intention is not currently selling.
Regular maintenance ensures the smooth operation of your coin laundry business. It is essential to maintain washers, dryers, and other equipment properly. Neglecting maintenance can result in equipment breakdowns, which disappoint customers and lead to a decrease in income.
By prioritizing regular upkeep, Having a maintenance plan in place is essential. It is also advisable to allocate funds for potential repairs and replacements. Regular cleaning of the premises, including the machinery and customer areas, holds tremendous importance. By doing so, you will ensure the longevity of your equipment and create a pleasant environment for your valued customers.
Additionally, it would be beneficial to consider the use of energy-efficient dryers and washers. These appliances help reduce utility costs and contribute to a more environmentally friendly lifestyle.
By enhancing your services, implementing effective marketing strategies, and ensuring regular maintenance of your equipment and facilities, you have the opportunity to improve the success and profitability of your laundromat. These strategic actions contribute towards positioning your laundromat as one of the top choices for potential buyers in the future!
Looking into the future, the Canadian laundromat business shows promise, with abundant growth opportunities and technology playing a crucial role in shaping the industry.
While traditional coin-operated laundromats continue to be popular, there is untapped potential for growth and expansion within the sector. One avenue worth exploring involves venturing into new markets, particularly in neighborhoods lacking convenient access to laundromats or areas characterized by a high concentration of apartments and college campuses.
To support your business's growth, consider offering additional services like dry cleaning, tailoring, or wash-and-fold options. If you're seeking inspiration for expansion, explore the availability of various service businesses for sale in Canada.
Technology is constantly revolutionizing various aspects of our lives, and the laundromat industry is no exception to this transformative wave. In recent times, modern laundromats have embraced cutting-edge washers and dryers that deliver optimal performance and improved efficiency.
Furthermore, the emergence of automated payment systems, including mobile and card payments, has led to the displacement of traditional coin-operated machines. This shift offers customers enhanced convenience and heightened safety measures.
In addition, the coin laundry business is transforming with the rise of innovative solutions. These include mobile apps for convenient booking and progress monitoring of laundry tasks, digital loyalty programs to enhance customer engagement, and online marketing strategies that are shaping its future.
The future of laundromats in Canada appears promising, making it an opportune time to consider venturing into this industry. Success in this field hinges upon adaptability, embracing technology, and prioritizing customer satisfaction. By incorporating these key factors, you can position yourself to thrive amidst the industry's growth and prosperity.
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Is owning a laundromat profitable?
Laundromats present a remarkable investment opportunity, boasting a stellar success rate of 94.8% and an impressive ROI ranging from 20 to 35%.
Curious about the costs of using a laundromat in Canada?
Well, when it comes to washing, you can expect to spend CAD$ 3.50 per standard load. As for drying, the cost varies from CAD$ 1.00 - 2.00 for drying.
Are you considering opening a laundromat?
Entrepreneurs typically invest between $200,000 to $500,000 in order to establish an average-sized laundromat.
Interested in how to open a laundromat in Canada?
If you're interested in opening a laundromat, refer to this comprehensive guide to walk you through the process.
Are you currently considering purchasing a laundromat in Canada and wondering about the key factors to take into account?
In the realm of business location analysis, various factors come into play. These factors include but are not limited to: the One can explore listings on specialized commercial real estate websites or engage in networking within industry-specific forums and social media groups.
Considering financing options to purchase a laundromat in Canada?
Bank loans, small business loans, and private financing are commonly chosen options for individuals seeking financial support.
Is it viable to establish a profitable and sustainable laundromat in Canada?
To determine this, one should consider factors like local population density, nearby competition, and potential customer demographics.
Are you curious about the licensing or permitting process when purchasing a laundromat in Canada?
Depending on local regulations, you may require general business licenses or permits. The sentence has been improved: Various costs are to be expected, including those related to machine servicing, utilities, lease payments, and insurance.
Are you curious about the environmental regulations or energy-saving incentives available when purchasing a laundromat in Canada?
When considering environmental regulations, remember to take into account both provincial and federal guidelines, as well as any potential energy-saving programs available. While running a smaller location solo is possible, hiring staff can greatly assist in managing daily tasks and providing excellent customer service.
To access tailored advice and support, it is recommended to explore industry groups like the Coin Laundry Association (CLA) and the Canadian Federation of Independent Business (CFIB). These organizations can provide valuable assistance.
There are many great Laundromats for sale in Canada, but some of the top-rated options include Laundromat at 4487 Gertrude St , Dry Cleaner/Alteration Business at 104 1196 LANSDOWNE DRIVE and Laundromat at 27232 FRASER HIGHWAY .
Yes, there are currently some interesting offers available for Laundromats for sale in Canada. Check out the following links for more details:
Laundromat at 4487 Gertrude St , Dry Cleaner/Alteration Business at 104 1196 LANSDOWNE DRIVE and Laundromat at 27232 FRASER HIGHWAY .
The average price is around $375,212. However, prices can vary depending on factors such as location, size, and amenities.
If you're interested in Laundromats for sale in Canada, be sure to click the link above to see all available offers and find your dream. Don't miss out on these amazing deals!
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