Reply To: How do I know if a laundromat is a good deal?

[Pharmer]

I hope this isn’t a thread hijack. To me they are related.

What was the multiple you mentioned laundromats generally sell at? How does the condition and equipment in place impact the price? I’m interested in buying a laundromat?

I did reach out to the owner of the one closest to me and have not received a reply yet. I have a couple of sites in mind I think would make good locations for laundromats, but these would be ground up builds. Where can I find more info on building and designing a laundromat?

I’ve heard of retrofitting a building, and I’m open to that but wonder how difficult that would be given the utility situation ie high capacity gas, water and drainage lines? Maybe it’s not that big of a deal?

Thanks All.