Laundromat Resource Forums Financing Financing Options in Australia

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    • #6934
      Tyrin
      Participant

      Hi Community,

      I am based in Australia and I would like to buy or build my first laundromat.

      Has anyone got experience with obtaining finance in Australia to buy or build a new laundromat?

      Thank you

      Cheers,
      Tyrin

      • This topic was modified 2 months ago by Tyrin.
    • #7068
      Archie Lord
      Participant

      Hi Tyrin,

      I don’t as of yet but I am about to start putting my feelers out and see what is out there. I will let you know what I end up finding out over the coming weeks.

      I would also be interested to hear what you may have found on your journey thus far.

      • #7097
        Tyrin
        Participant

        Hi Archie,

        The best that I have so far is that one equipment distributor will lease the equipment, which will help with the initial up front capital for starting a new laundry.

        I’m still in the early stages of research. My next step is develop a business plan and see if I can get a loan for a portion of my laundry start-up or purchase.

        As I learn more, I will be happy to share.

    • #12987
      Archie Lord
      Participant

      Hi Tyrin,

      I have secured some initial pre-approval through a finance broker who specialises in equipment.

      Process was very easy. The rate is pretty high but there is no deposit, no balloon payment and will finance 100% of equipment.

      How have you gone with your searches?

    • #13123
      John MacLean
      Participant

      I’m also in Australia and looking around at starting my first laundromat. I’m very early in the process, though, and am still seeing if the industry is for me or not.

      Tyrin, I had a meeting yesterday with potentially the same company you have in the past regarding leasing the equipment. I’m still in the process of investigating and will see how it all turns out.

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Laundromat Resource Forums Financing Financing Options in Australia