r/Laundromats•
namkvu

Is this a good laundromat to buy for $195k?

These informations are from the listing and I haven’t verify the numbers yet. Just wanted to get some thoughts to see if it’s worth looking deep into it.

-Owner bought it in 2017. Currently has 1 employee working around 30 hours a week -Revenue is about $17000/month. All the costs like water bill $4000, Gas and Electric $3000, rent for 2400 sqft $4800, etc. Net cash flow is about $5000. -The lease is 3 years fixed $4800 and 3-3 years options so a total of 12 years -Machines are 10-20 years old, but we have already replaced the heart parts for most of them, they are working well

The laundromat is in low-middle income demographic. No info for the pay for the employee and the owner is semi absentee (collecting coins and basic maintenance). My main concerns are the age of the machines (speed queen brand) and the lease (3-3 options bad?).

Any thoughts and feedbacks are appreciated!

Posted Nov 28, 2025, 5:49 PM UTC

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