Buying A Laundromat Checklist «Deluxe • SUMMARY»

: Map out other laundromats within a 3–5 mile radius. Visit them to check their pricing, cleanliness, and "vibe."

Buying a laundromat can be a stable "recession-proof" investment, but success depends on careful due diligence regarding equipment, location, and financial transparency. Use this checklist to evaluate a potential acquisition. 1. Financial Performance & Records buying a laundromat checklist

: Note the make, model, and year of every washer and dryer. Machines typically last 10–15 years; if they are nearing the end of their life, you must factor in significant "retooling" costs. : Map out other laundromats within a 3–5 mile radius

: Ask for service records. Frequent repairs on specific units may indicate it's time for a replacement. : Ask for service records

: Request at least 12–24 months of water, gas, and electricity bills. Since laundromats are cash businesses, utility usage is the most accurate way to verify reported income.