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

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Comments & Replies: 1     Views: 2529     Posted By: Peter Siegel MBA  Peter Siegel MBA: BizBen Founder, ProBuy/ProSell Program Director



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

PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.

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

I have over forty 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.

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.

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.

Ranvir S. Sandhu, Esq. - Legal Services For Buyers And Sellers

I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.

Steve Erlinger: Laundry Broker, Consultant - Southern California

I specialize in the laundry industry broker and consultant in Southern California. 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.

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.

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.


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