John Vassiliades, Designated Managing Broker

J. Vassiliades & Company

License Number: 471.017603

Phone: Show Phone Number

laundrybroker.com


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806 Keystone Avenue,
River Forest, Illinois 60305 (View Map)

About the Company

Broker Biography

Introduction

Company Information:
J. Vassiliades & Company is the most complete source for buying or selling a coin laundry in the Chicagoland area. We offer our buyers and sellers the benefit of working with a company that has over thirty years of experience building and operating coin laundries, as well as assisting coin laundry buyers and sellers. www.laundrybroker.com

We appreciate the independent business owner and the individual looking to invest in an opportunity for their future. It is our mission to help you realize your business, personal and financial goals through the sale or acquisition of a coin laundry.

We also provide comprehensive real estate services specific to coin laundries. We provide customers with expert lease and option negotiation calculated to add value to your coin laundry. Our brokers can also assist you with purchasing or selling commercial property. We offer all our customers the expertise necessary to buy and sell smarter.

Above all, at J. Vassiliades & Company we are always available to you. If you would like a free verbal evaluation of your business or if you are interested in learning more about owning a coin laundry email or call us directly at (708) 878-1020 We look forward to hearing from you.

Background:
John Vassiliades, started his career in the coin laundry industry over thirty years ago. In this time John has successfully ventured into every aspect of the coin laundry industry. He has been a multiple store owner as well as having worked as a commercial equipment distributor, manufacturer{s representative, business broker, volunteer and executive of the non-profit industry association. John Vassiliades, Designated Managing Broker for J. Vassiliades & Company, is a licensed business and real estate broker solely responsible for brokering the sales of over 1000 coin laundries.

Most recently John had been serving the international community of coin laundry owners, manufacturers and distributors as the Executive Director of the Coin Laundry Association (CLA) and CLA{s Insurance Program, which he personally founded out of the need to provide reasonable insurance coverage to the underserved coin laundry business community. Before John was running CLA, he was a longstanding volunteer member of the Board of Directors and was elected the Executive Board Chairman in 1990 and 1991. He has been presented with numerous awards for his volunteerism and contributions to the coin laundry industry.

John provides customers with information and services enabling them to increase profits, evaluate a store before purchase, layout and design a store, create the proper equipment mix for a store and negotiate a favorable lease. John is also experienced in new store construction, remodeling, upgrades and repairs.

It is very important to John to be able to work one-on-one with business owners and new investors on every aspect of their business in order to ensure the long term goals of their life{s work.

Specialization:
For more of our Coin Laundry listings please go to www.laundrybroker.com or call us at 708-878-1020.

Areas Served

  • Cook, IL
  • Licensed In

    • Illinois — License number 471.017603

    Business For Sale Listings

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    WHITE OAK LAUNDRY AND BUILDINGASKING $595,000 INCLUDING BUILDINGYes, you heard it correctly, $595,000 buys this business and building. This is a 2,794 sq. ft. laundromat located on 8,782 sq. ft. of land in a very desirable demographics for the laundromat business. The last real estate tax bill was only $8,78.28. The store is partially attended. This is a turnkey operation; however, the current management can be greatly improved with new devoted and enthusiastic ownership. All systems are in place and ready for an investor. This is a laundry that has a lot of potential but may need some newer equipment and some TLC. The washers and dryers are older but, for the most part, in operating 

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    $175,000
    Chicago, IL 
    View Details 
    CONTRACT PENDING!

    ALBANY PARK COIN LAUNDRYCHICAGO, IL Asking $175,000 or offer. This compact 2500 sf laundromat is in a dynamic North side area of Chicago. The owner is retiring after many years of operation. This is a turnkey operation. All systems are in place and ready for an investor. The laundromat is fully attended with a professionally trained staff available for new ownership. The washers and dryers are well maintained and are easy to operate. This store is in a densely populated area with many renters, which is ideal for a laundry operation. There is plenty of parking directly in front of this building, which includes a long-established and popular grocery store. Even though there are other laundromats in the area, few have parking directly in front the laundry. There is more than enough business for all. This very low asking price is based on the need for some remodeling some equipment upgrade including a newer water heater, HVAC 

    $49,000
    Wheaton, IL 
    View Details 
    CONTRACT PENDING! M&T’S Laundry

    This laundromat opportunity is being offered for a rock-bottom price since it needs some work repairing some washers and dryers. In the future you may also need to replace some of the washers with new used larger washers to increase the capacity. This laundromat is in a strip mall with a Mini-Mart, Party Store, Hair Salon, CBD Store, and a Tailor. This laundromat is located the middle of good demographics for the laundromat business and is less than one mile from downtown Wheaton. There are 26 washers and 18 dryer pockets, and all are card operated. Great opportunity and potential for hands-on buyers who are willing to work and manage this growing business. This is an excellent opportunity to get into this laundry industry with a very small investment. Other opportunities include, increasing the laundry drop-off business with online presents, also adding a pick-up and delivery service for Wheaton College and the many 

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