Whether you own a coin-operated store, a card-based system, or offer full-service wash-and-fold, we connect you with brokers who understand utility analysis, lease negotiations, and equipment value.
Selling a laundromat involves more than just looking at revenue; buyers analyze the age of your machines, your utility bills relative to income, and the length of your lease.
We start by analyzing your store type. Is it unattended or attended? Do you have a significant Wash-Dry-Fold (WDF) or commercial account business? What is the "age of fleet" for your washers and dryers?
From there, we identify business brokers who specialize in the laundry sector. Some are experts in selling older "fixer-upper" stores to investors looking to retool, while others work with buyers seeking turnkey, high-volume operations.
• Lease Terms – The lease is arguably the most critical asset. Buyers need 15-20+ years (including options) to justify the investment in equipment.
• Equipment Condition – Newer machines mean lower utility costs and less maintenance. Older machines may require a price adjustment for "retooling."
• Net Income & Utilities – Buyers scrutinize water, gas, and electric bills to verify income claims, especially in cash-heavy businesses.
• Location & Parking – High density housing, easy ingress/egress, and ample parking are non-negotiable for top-tier valuations.
Buyers scrutinize specific operational assets when valuing a laundry business.
Without a long-term lease, you have no business to sell. Buyers require at least 10-15 years remaining to secure financing. A strong lease is the foundation of your valuation.
Newer, high-efficiency machines reduce utility costs and attract customers. Old equipment suggests a "retool" is needed, which buyers will factor into their offer price.
Buyers buy cash flow. Verified net income (SDE) is critical. Utility bills are used to reverse-engineer revenue, so accurate water and gas records are essential for proof.
To get the highest price, we don't just look at your tax returns. We work with brokers who "recast" your P&L to show the true Seller's Discretionary Earnings (SDE). In the laundry industry, this involves specific adjustments:
Understanding the buyer landscape is critical for setting expectations. The type of buyer depends largely on your store's size and management style.
1. Individual Investors (Side Hustlers):
This is the largest buyer pool. They are looking for "passive" income and are often first-time business buyers. They value updated equipment and card systems.
2. Multi-Store Owners:
Experienced operators looking to scale. They are comfortable with older stores that need retooling if the location and lease are strong.
3. Full-Service Operators:
For stores with heavy Wash-Dry-Fold volume and commercial accounts, buyers are looking for a staffed operation rather than a self-serve model.
To maximize your multiple, ensure your collections records match your bank deposits. In a cash business, proving income is the biggest hurdle.
Our Advice: Fix the "Out of Order" signs. A store with 100% of machines working shows pride of ownership. Also, ensure your lease has at least 10 years remaining (base + options) before going to market.
Selling a laundromat carries specific risks. If word gets out, the damage can be immediate:
The Employee Risk:
Attendants may fear for their jobs and leave, forcing you to cover shifts. Or worse, they may become lax with cash handling.
The Competition Risk:
Nearby competitors may use rumors of a sale to aggressively market to your customers, claiming your store is closing or declining.
Our Approach: We utilize strict NDAs and "blind profiles." We market the financial performance and general neighborhood without revealing your specific address until a buyer has been vetted.
See How We Help Owners & Brokers Grow Deal Flow
$3.5 Million in 6 Months
“Six months after partnering with Centergrowth, we secured over $3.5 million worth of listings in Florida.”
"In our first six months with Centergrowth, we secured over $3.5 million in high-quality listings across Florida. One of them received over 40 inquiries in just two days."
Joe Ram
Orlando, FL
@FL Business Brokers
3 Listings in 2 Months
“Within the first two months of partnering with Centergrowth, we secured three business listings in the Phoenix area.”
"Within the first two months of partnering with Centergrowth, we secured three business listings in the Phoenix area. Centergrowth has delivered tremendous value, and we’re thrilled with the results. We look forward to continuing our partnership and future success."
Dr. Fernando Acosta
Phoenix, AZ
@First Choice Brokers
2 Listings in 2 Weeks
“Within just two weeks of partnering with Centergrowth, I secured two business listings in my area of Pittsburgh.”
"Within just two weeks of partnering with Centergrowth, I secured two business listings in my area of Pittsburgh, one of which included real estate in the deal. We're very happy with the results and have already recommended Centergrowth to other industry brokers we know in different states."
Helen Berger
Pittsburgh, PA
@PGHBIZ Business Brokers
1 Listing in First Month
“It’s currently the first month of working with Centergrowth, and we’ve already signed our first listing.”
"It’s currently the first month of working with Centergrowth, and we’ve already signed our first listing. In addition, they’ve over-delivered on appointments, and we’re reviewing financials from a few more companies."
Russell Kitzberger
Cincinnati, OH
@CincyCRE
1,065 Appointments in 6 months
"Centergrowth booked over 480 appointments in 3 months directly onto our calendar."
Eurasian Capital was facing a number of difficulties as they tried to increase their top-of-funnel sales activity. They can only function with top-notch appointments (the majority of the time, funding has been successfully raised), but Centergrowth was consistently able to attract high-quality appointments from the beginning.
Jeff Stone
Partner @Eurasian Capital
If you are exploring a sale now or in the next few years, your first move should be speaking with someone who understands the trades.
On our first call, we will discuss your revenue mix, fleet status, and exit goals. From there, we will suggest one or more brokers or M&A advisors who are best positioned to sell your specific type of laundromat.
We support Laundromat owners across the United States. Select your state to find local assistance.
Don't see your specific niche listed? We likely still cover it.
Discuss Your IndustryCentergrowth works with Laundrymat Business Brokers in every state. Whether you operate a single-location laundromat or a multi-location group, we have the network to help you confidentially explore a sale.
If you’re a broker specializing in laundrymats, our business broker lead generation can put more qualified business owners into your pipeline each week.
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