Los Angeles, CA
$2,980,000
Laundromats and Coin Laundry Businesses For Sale
Industry Info
Real EstateLaundry & rental income with the property
Real EstatePerfect size of Dry Cleaners $ 180K
Orange, CA
$180,000
Real EstateLARGE lAUNDROMAT WITH 50W50 of 3,865 S/F / Train Statiion
Brooklyn, NY
$599,000
Real EstateOutstanding Chance to Own the Business & Property
Los Angeles, CA
$2,950,000
Start-upNational Laudromat Franchise - 4 Territories in and near Ft Lauderdale
$150,000
Start-upFantastic Laundromat location in Los Angeles
Not Disclosed
Buy or Sell a Laundromat or Coin Laundry Business
Laundromats and coin laundry businesses are a popular investment option for entrepreneurs, with steady income potential and relatively low management costs. However, buying or selling a laundromat can be a complex process with many considerations. To help provide some context on the market, and provide some baseline valuation information, we have analyzed the laundromat businesses listed for sale, and aggregated financial data to help both buyers and sellers evaluate individual businesses relative to market averages.
Market Overview
|
Number of Businesses Analyzed |
348 |
|
Median Asking Price |
$462,500 |
|
Median Reported Revenue |
$280,000 |
|
Median Reported Earnings |
$105,000 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
Laundromat Business Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
1.20 |
3.37 |
|
Median |
1.69 |
4.40 |
|
Upper Quartile |
2.44 |
5.50 |
|
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
||
Read the Report:
Laundromat Business Valuation Multiples & Financial Benchmarks
FAQs
How much does it cost to buy a laundromat business?
The median asking price for laundromats analyzed is $462,500. However, the cost of purchasing a laundromat can vary significantly based on location, size, number of machines, and profitability.
How much do laundromat owners earn?
Median annual laundromat sales hover around $280,000, and median reported discretionary earnings is $105,000. This figure represents the sellers' discretionary earnings, which include the owner's salary and other financial benefits.
How do I value a laundromat business?
Most laundromat owners and buyers will start their valuation by comparing a business’s revenue and earnings relative to its peers, then use market valuation multiples to find an appropriate price range.
Based on our most recent analysis, laundromat owners’ price their businesses at 1.20 to 2.44 times annual revenue, and 3.37 to 5.50 times annual earnings. The median revenue multiple is 1.69, and median earnings multiple is 4.40. So, an average laundromat business may be priced around 4.4 times its owner’s earnings, and 1.69 times its annual revenue.
Where are most laundromats for sale located?
Laundromats for sale are predominantly located in major metro areas, with the top ten as follows:
- New York City Metro
- Greater Los Angeles Area
- Houston Metro Area
- Dallas-Fort Worth Metroplex
- Miami-Fort Lauderdale Area
- San Francisco Bay Area
- Atlanta Metro Area
- Philadelphia Metro Area
- Chicago Metro Area
- Tampa Bay Metro Area
The following states have the most laundromat businesses listed for sale:
- New York
- California
- Texas
- Florida
- New Jersey
- Georgia
- Pennsylvania
- Connecticut
- Illinois
- Massachusetts
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