Buying A Laundromat Checklist 〈100% PLUS〉

: Ensure the lease is long-term (10+ years) or has multiple renewal options. A laundromat is only as valuable as its right to stay in that location.

: Ask for service records. Frequent repairs on specific units may indicate it's time for a replacement. buying a laundromat checklist

: Determine if the business is "attended" or "unattended." If there are employees, review their pay rates and reliable history. : Ensure the lease is long-term (10+ years)

: Check if the current owner offers drop-off services. This is often the highest-margin part of a modern laundromat. buying a laundromat checklist

: Compare the owner's P&L statements against their tax filings. Discrepancies here are a major red flag.