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Buying Laundromats: a buyer's guide

Typical price range

Often priced as a multiple of net operating income plus consideration of equipment age and lease terms. Illustrative range: low six figures to well over $1M depending on size and equipment.

Numbers on this page are illustrative only, not market data. Get a professional valuation.

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What to verify during due diligence

• Utility bills (water, gas, electric) for 12–24 months to cross-check claimed revenue
• Age, make and service records of washers and dryers
• Lease length, renewal options and rent escalations
• Coin/card system reports and any cash-handling controls
• Local competition and demographics (renter share nearby)

Red flags

• Seller claims revenue that utility usage cannot support
• Short remaining lease with no renewal option
• Aging equipment near end of life
• Mostly cash business with no records

Financing options

• SBA 7(a) loans
• Equipment financing for new machines
• Seller financing

Talk to a qualified broker, lender, accountant and attorney before buying. Sponsor listings for this category: coming soon.