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Description
The project entails the acquisition of an operational self-service laundromat located in a densely populated urban neighborhood in a major U.S. city. The facility operates on a coin- and card-operated model, open to the public 7 days a week from early morning to late evening. The laundromat occupies a 1,200 sq ft (approx. 110 m²) leased space on the ground floor of a mixed-use building with consistent foot and car traffic. There is convenient parking available nearby, and the area is characterized by a high concentration of rental apartments and low homeownership — a prime demographic for laundromat services.
The business has been in operation for over 5 years and includes 18 washers and 10 dryers, all in good working condition. It requires minimal staff presence — primarily one part-time attendant for cleaning and maintenance, with daily operations largely automated. The facility includes folding tables, detergent vending machines, security cameras, and seating for waiting customers. Revenue is generated from machine usage, vending sales, and occasional drop-off wash & fold service.
Financials and Investment Structure
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Asking Price: $135,000 — includes all equipment, lease rights, customer base, and goodwill
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Monthly Rent: $3,100 (includes CAM and utilities except water)
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Monthly Gross Revenue: approx. $9,000
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Monthly Expenses: approx. $7,000 (rent, utilities, part-time labor, maintenance, supplies, insurance, service fees)
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Net Annual Profit: ~$24,000 (fully passive income after all expenses and management)
Risks and Opportunities
Key risks include equipment failure, temporary downtime, water rate increases, and competition from newer facilities. However, the laundromat’s strategic location, stable client base, and strong cash flow offset most operational risks. Equipment is well-maintained, and the business has shown consistent monthly revenue with low customer churn.
Conclusion
This is a low-maintenance, cash-generating business ideal for investors seeking a hands-off income stream with predictable financials and no inventory risk. It offers an excellent entry point into the U.S. service sector with minimal staff management and a high return relative to risk. Suitable both for local owner-operators and remote investors with third-party oversight.
FAQs
No. The business is fully automated with coin- and card-operated washers and dryers. Daily tasks such as cleaning, cash collection, and basic monitoring can be handled by a part-time attendant. The owner does not need to be on-site on a regular basis.
The equipment is well-maintained and in solid working condition. Commercial washers and dryers typically have a lifespan of 10–15 years with proper servicing. No immediate replacement is required, though long-term ownership should include a capital reserve for future upgrades.
Revenue can be increased by: – Adding wash & fold service with pickup/drop-off options – Installing vending machines for snacks, drinks, or laundry supplies – Extending business hours or moving to 24/7 operations – Reducing utility costs through energy-efficient upgrades – Adding in-store advertising or local business partnerships in high-traffic locations
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