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

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Topics: Buying A Business     Tags: buying a business

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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.

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.

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

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.

Diane Boudreau-Tschetter: Escrow And Bulk Sale Services

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.

Chuck Post: Laundry Broker, Consultant - Orange, San Diego Counties

Our services, in addition to brokerage include design, equipment selection, remodel work, marketing plans and on going support. My Associates and I are available to anyone interested in discussing the coin laundry business; new investors and current owners, too. Phone Chuck Post at 619-227-5711.

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.

Janet Carrera - Escrow & Bulk Sale Services - SF Bay Area

Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.


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4 Essential Facts For Coin, Card Laundry Buyers Seeking To Buy A Laundromat

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