Why Buy a Laundromat?
- Recession-Resistant: People always need clean clothes, regardless of the economy.
- Low Labor Requirements: Many locations are fully or semi-automated.
- Cash Flow Business: Laundromats generate daily income with relatively low overhead.
- Scalability: Once you learn the model, it’s easy to replicate or expand.
Step 1: Know What Type of Laundromat You Want
Before you search, define your ideal business:
- Self-Service vs. Full-Service: Fully automated or includes wash-and-fold services?
- Owned Real Estate or Lease: Some buyers prefer to purchase the building too.
- Urban, Suburban, or Rural: Population density and parking access are key factors.
- Cash Flow & Size: How much do you want it to earn? What’s your budget?
Step 2: Search Verified Listings on BizBen.com
Head to BizBen.com and navigate to the laundromats for sale. Use search filters to narrow by:
- City or County
- Asking Price & Cash Flow
- Real Estate Included or Not
- Absentee vs. Owner-Operated
Each listing typically includes financials, lease info, location overview, and broker/seller contact info.
Step 3: Work With a Local Business Broker (Optional but Recommended)
Many laundromat listings are represented by brokers who specialize in coin laundry deals. A good broker can help:
- Match you with listings not yet public
- Review lease agreements and utility costs
- Verify cash flow and machine conditions
- Negotiate favorable deal terms
BizBen’s platform allows you to connect directly with brokers experienced in laundromat transactions.
Step 4: Perform Due Diligence
Once you’ve found a laundromat you're interested in:
- Inspect Equipment: Check washer/dryer age, condition, and replacement needs.
- Review Utilities: Water and energy costs are major expenses.
- Analyze Financials: Verify self-reported income, ideally using utility data and machine logs.
- Check Lease Terms: Look for long-term, transferable leases with reasonable rent.
- Licensing & Permits: Confirm city business licenses and compliance with environmental regulations.
Step 5: Secure Financing
While some laundromats can be purchased with cash, most deals involve:
- SBA Loans
- Seller Financing
- HELOC or Private Capital
Ensure your financial documents are in order when approaching sellers or brokers.
Why Use BizBen to Find a Laundromat for Sale?
- Verified Listings: Updated daily, searchable by region and financials.
- Broker Network: Get matched with experienced laundromat brokers.
- Valuation Tools: Learn what laundromats are worth and how to evaluate them.
- Trusted Since 1994: Thousands of successful small business transactions.
Final Thoughts
Finding a laundromat business for sale is easier when you know where to look and what to ask. With tools, listings, and local broker access, BizBen is one of the best platforms to explore serious laundry business opportunities.