A Practical Guide to Purchasing a Laundromat Business

The decision to purchase a laundromat business encompasses a multitude of factors that require careful consideration. This article aims to provide a structured guide to assist potential buyers in navigating the complexities of acquiring a coin-operated laundry service.

Acquiring a laundromat involves evaluating its operational efficiency, location, and financial performance. Buyers should analyze the existing customer base, equipment condition, and any existing contracts. It's crucial to examine the market trends, competition, and potential for growth within the community. Additionally, understanding the regulatory environment and maintenance requirements can help in making a well-rounded decision. Due diligence is paramount to uncover any hidden costs or liabilities that could affect the investment's value.

Laundromat with Drop Dry Clean

This business is a laundromat with drop dry clean located in Union County, New Jersey (NJ). It was established in 1980 and has been in business for 43 years. The facilities include 20 top loaders, 20 20lb front loaders, 7 large wash machines, 17 double stack dryers, 6 single stack 30lb dryers, a con...

Location

United States

Price

$275,000

Revenue

$247,000

Cashflow

$77,969

EBITDA

SDE

$77,969

High Volume Laundromat

Located on Broadway in New York County, New York (NY), this laundromat has been in business since 2002. Despite occupying only 1,500 sq. ft., it operates like a mega-sized volume store. The laundromat charges higher prices per wash based on the size of the washers compared to other laundromats in th...

Location

United States

Price

$760,000

Revenue

$494,000

Cashflow

EBITDA

SDE

Laundromat in Midtown

This business is a laundromat located in a great location in midtown. The owner has been running this business for 20 years but is now too busy with other ventures to give it their complete attention. An owner-operator can expect to recoup their investment in just 2 years. The laundromat is equipped...

Location

United States

Price

$450,000

Revenue

$490,000

Cashflow

EBITDA

SDE

Laundromat

This Coin Laundry is in a prime location in Sacramento County, surrounded by schools, anchor stores, and residential areas. The store is clean and tidy, equipped with amenities such as a TV, security cameras, vending machines for snacks, two change machines, a soap machine, microwave, and refrigerat...

Location

United States

Price

$165,000

Revenue

$145,200

Cashflow

EBITDA

SDE

Philadelphia Laundromat

This is a great opportunity to get involved with a brand-new state-of-the-art laundromat located in Philadelphia County, PA. The laundromat is spacious, covering an area of 3400 square feet. It features 41 washers and 44 dryers, all manufactured by Huebsch and under warranty. The laundromat operates...

Location

United States

Price

$775,000

Revenue

$486,000

Cashflow

$210,335

EBITDA

SDE

Purchasing a laundromat is a strategic decision that demands meticulous attention to detail and comprehensive research. By taking into account the various factors outlined in this guide, prospective buyers can approach the acquisition process with confidence and clarity.