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Business Starter Guides

Found a business you're interested in? Our step-by-step guides cover everything from due diligence to day-one operations.

How to Buy a Laundromat: What You Need to Know

Buying a laundromat is one of the most popular passive income business models. The average laundromat generates $30,000 to $200,000+ per year in revenue, with profit margins of 20-35%.

What does a laundromat cost?

Laundromats typically sell for $50,000 to $500,000 depending on location, equipment age, and revenue. Expect to pay 2-4x annual net income. Smaller coin laundries can be found for under $100,000 in smaller markets.

Where to find laundromats for sale

Use the search tool above to find listings near you. The top marketplaces are BizBuySell (largest business-for-sale site), BizQuest, and LoopNet. You can also contact local business brokers or look for "For Sale" signs in your area.

Key due diligence steps

  • Review 3 years of financial records (tax returns, P&L statements)
  • Inspect all equipment — age, condition, maintenance history
  • Check the lease terms — length, rent increases, renewal options
  • Evaluate the location — foot traffic, parking, competition
  • Understand utility costs — water, gas, electricity are major expenses

Vending Machine Business: Getting Started

Vending machines are a low-cost entry into business ownership. A single machine costs $3,000 to $10,000 and can generate $300 to $1,500+ per month depending on location and product selection.

Buying vending routes vs. starting fresh

Established vending routes (multiple machines with existing locations) sell for $10,000 to $100,000+. The advantage: immediate cash flow and proven locations. Starting fresh is cheaper but requires finding and negotiating locations yourself.

Frequently Asked Questions

How much does it cost to buy a laundromat?

Most laundromats sell for $50,000 to $500,000. Smaller coin laundries in rural areas can be found for under $100,000. Price depends on revenue, equipment condition, lease terms, and location.

Is buying a laundromat a good investment?

Laundromats have 20-35% profit margins and relatively low labor costs since most are self-service. They're considered recession-resistant since people always need clean clothes. ROI typically ranges from 20-35% annually.

How much do vending machine routes make?

A single vending machine generates $300-$1,500/month depending on location and products. A route of 10-20 machines can produce $5,000-$15,000/month in revenue with 30-50% profit margins.

Where can I find businesses for sale near me?

Use our search tool above to find listings from BizBuySell, BizQuest, and LoopNet — the three largest business-for-sale marketplaces. You can also contact local business brokers in your area.

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