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Why Should I Buy A Laundromat? Are They Good Investments?

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Comments & Replies: 1     Views: 1851     Posted By: Peter Siegel MBA  



Topics: Buying A Business     Tags: buying a business



The laundry business is in demand by business buyers. I know business brokers and agents on BizBen who specialize only in the laundry business and they receive more calls and emails than you can imagine. The interest is so great that many brokers have potential buyers on waiting lists for one to come up for sale in their area. Here are some reasons for this immense interest and why you should consider buying a coin or card laundromat.

1. It's a simple business to run compared to most other businesses. Think about it, your clients do much of the work, and there is no complicated equipment or technology that must be learned or that require licenses to operate.

2. You donít have to worry about the business becoming obsolete anytime soon as we all have clothes and we all have to wash them.

3. It can be a very profitable business and who doesnít like collecting cash?

4. The coin laundry business is sometimes referred to as an "absentee run" business. This means as the owner you don't have to put in 40 hours a week. You can set your own hours and probably won't spend very much time in the facility.

5. Little management, few and possibly no employees depending on how much time you want to put in.

As you can see there are many reasons to buy a coin laundromat. If the above reasons appeal to you and you feel you have what it takes to be a laundry business owner check out some of our coin and card laundromat's for sale on BizBen.

If you need assistance in buying or selling a laundromat here is a comprehensive list of California laundry brokers, agents, advisors, consultants, etc.

If you have other reasons why a laundry business can be a good investment please comment above.


  Helpful Resources To Assist In Selling And Buying California Businesses

Brad Steinberg, Broker - Laundromat Specialists

Laundry specialists - founded in 1968 by three laundry professionals, PWS is a family-owned corporation. Through the years it has grown to become the largest vended laundry equipment distributor in the United States. Call Brad Steinberg at 323-721-8832 to sell or buy a coin or card laundromat.

Steve Erlinger: Laundry Broker, Consultant - Orange/Riverside Counties

I specialize in the laundry industry (Broker/Consultant at 949-500-5893) - Riverside, Orange Counties. I assist buyers navigate the many facets of finding, evaluating, and operating a laundry business. I also help current laundry owners find additional stores, sell, evaluate an existing laundromat.

Larry Larsen, Broker, Laundry Specialist - Orange, LA Counties

Larry Larsen, Realtor has over thirty years of experience in the sales, ownership, management, and construction of coin laundries. He is a licensed broker active in the sale of coin laundries, a licensed insurance agent specializing in coin laundry insurance. Phone Larry at 714-630-9274.

Helen Yoo: Escrow & Bulk Sale Services - Southern California

New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.

Elizabeth McGovern: Escrow Services - SF Bay Area

McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.

Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services

Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 800-864-0420.

Chuck Post: Laundry Buyer Representation, Consulting, Due Diligence

Chuck Post has 32 years experience in the laundry industry, specializing in assisting laundry buyers (and entrepreneurs) with buying or starting up, building, re-tooling, laundries throughout California. Laundry buyer representation, consulting, due-diligence, lease negotiations, laundry valuations.

Mike Hurrell, Broker: Coin & Card Laundry Specialist Brokerage

Providencia Properties Inc in association with Golden State Laundry Systems is a full service Coin Laundry Real Estate Broker. At GSLS you will receive personalized attention from our professional staff of coin laundry experts. To sell or buy a Southern CA laundromat call Mike at 310-223-2240 X209.


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