How to sell a laundromat.

Selling a laundromat comes down to six steps: know your numbers, gather a few documents, decide how you want to sell, take an offer, get through due diligence, and close. Done right, the whole process typically runs 60 to 90 days from the first serious conversation.

1. Know your EBITDA

Before anyone talks price, know what the store earns each year after every cost: revenue minus rent, utilities, payroll, supplies, insurance, and a manager to run it if that manager is you. Buyers call this EBITDA, and it frames every offer you will hear. Our guide on what a laundromat is worth walks through it.

2. Gather the documents

Five things answer most of a buyer's questions: your last two or three years of tax returns or P&Ls, the lease, an equipment list with ages, recent utility bills, and payroll if you have staff. The full checklist is short. Having it ready is the single biggest thing you can do to make a sale fast and clean.

3. Decide how you want to sell

You can list with a business broker, who markets the store and typically charges a commission of around ten percent of the sale price. Or you can sell directly to a buyer, which is quieter and keeps the commission in your pocket. Brokers earn their fee when a store needs marketing. An established store with clean numbers often does not need marketing, it needs one serious buyer.

4. Take a real offer

A serious buyer looks at your documents and puts a number in front of you, usually in a letter of intent. It should come with an explanation you can follow: here is what we see, here is how we got to the number. If a buyer cannot explain their number, that tells you something.

5. Get through due diligence

The buyer verifies what the documents say: revenue, the lease, the machines, the bills. Read what buyers actually check so nothing surprises you. Sellers who are ready for diligence get through it in weeks.

6. Close

Purchase agreement, lease assignment with your landlord, and a closing date. From LOI to keys is usually 30 to 60 days. Our guide on what happens after the LOI covers the details.

Where we fit

Valemont Group buys laundromats, wash-and-fold operations, and dry cleaners directly from their owners. We are operators. If your store is established and you are thinking about your next chapter, a confidential conversation is the fastest way to find out what it is worth to us.