Laundromat Resource Forums Laundromats Evaluating with No Books Reply To: Evaluating with No Books


    Contact your local utility companies (gas, water, electric) and do a public records request. Get as many years worth of records from them as they’ll give you. Then get the model numbers on all the machines and contact the manufacturer to get utility usage figures for those machines. Do some math and guesswork to determine what kind of business the place is doing. Contact a few local distributors to get their insight on whether your estimates are logical. Then, do as long of a due diligence period with them as you can, checking the coin collections to make sure it matches what you would expect the place to be bringing in based on your math.

    I’m in the beginning of this process as well. I contact utility companies for each laundromat I look at to get the back history of payments and usage. They’ve al been willing to help me out so far.