BreakThru Realty

Sell a Laundromat in Florida

Laundromats are sold on three things: the lease, the machines and income the buyer can verify. Cash businesses are hard to prove, so the laundromats that sell for the most are the ones with card systems, utility bills that match the revenue, and a long lease at a rent the income can carry.

Find Out What My Business Is Worth · (786) 914-1017

Your first step: Confidential Business Exit Review

Start With a Confidential Business Exit Review

Your business represents years of decisions, relationships and work. Before anyone hears it might be for sale, know what it would sell for, what a buyer's lender will accept, and what you would take home. A licensed business broker prepares it and walks you through it privately.

What you receive

  • A recast of your earnings into seller's discretionary earnings, with the add-backs documented
  • A price range from closed sales of comparable Florida businesses, with the reasoning
  • The lease, staffing and financing issues that would move the price, and what to fix first
  • What a buyer's SBA lender is likely to accept
  • An estimate of what you would take home after the fee and any payoff

What happens next

  1. Answer a few questions about the business. Revenue and what you take home are enough to start.
  2. A business broker prepares the review from comparable sales.
  3. We call within one business day to walk through it, privately.
  4. Nothing is listed, and nobody is contacted, unless you decide to sell.

Free and confidential. The details you give us are seen only by the broker preparing the review. We do not contact your landlord, staff or customers.

Find Out What My Business Is Worth · How a business sale works

Proving the Income

Buyers and lenders cannot count cash they cannot see. A card or app payment system, machine counters, deposits that match the reported sales and water and gas bills that match the wash volume are the evidence that supports the price. Where revenue is mostly cash, buyers do their own counts and discount what they cannot verify; where it is documented, the laundromat sells faster and for more.

The Lease

A laundromat cannot move: the plumbing, the gas and the venting are in the walls. So the lease is the business. Buyers want a long remaining term with options, a rent the income supports, and an assignment clause the landlord will honour. A lease with three years left is renewed or extended before listing wherever possible, because it can double the price.

Equipment Age and Utilities

Washer and dryer age, brand, condition and the mix of sizes decide what the buyer will have to spend. Large-capacity machines and modern dryers also cut gas and water costs, which are the largest expenses. The equipment list and the utility history are prepared before listing; a store with a replacement bill coming is priced accordingly.

Wash-and-Fold and Other Income

Attended stores with wash-and-fold, pickup and delivery, vending and commercial accounts earn more and show a buyer growth. That revenue is documented separately, with its labour cost, so the buyer sees the margin.

Who Buys Laundromats

First-time buyers who want a semi-absentee business; owners of other laundromats adding a store; and investors who value the recurring, recession-resistant cash flow. Many use SBA financing, which requires the documented income and a lease long enough to cover the loan.

Questions you may be asking

Will my employees, customers or landlord find out?
Not from us. The review itself involves nobody but you and the broker. If you later sell, the business is marketed without its name or address, buyers sign a non-disclosure agreement and prove their funds before they learn who you are, and the landlord is approached only once there is an accepted offer.
What does a business broker charge?
A success fee paid from the proceeds at closing, set out in writing in the listing agreement before you sign anything. The review costs nothing.
My books are not perfect.
Few are. The review shows which add-backs a lender will accept and which records to tidy before a buyer looks, so the price holds through due diligence.
I only know my revenue.
Tell us the revenue and what you take home, even roughly. We work out the rest with you and ask for tax returns later, only if you want a firm range.

Find Out What My Business Is Worth

Tell us the type of business, the city, how long it has operated, annual revenue, owner benefit or seller's discretionary earnings, EBITDA if you track it, monthly rent and lease expiry, number of employees, how involved you are, why you are selling, your timeline and whether you would consider seller financing. A licensed BreakThru business broker prepares a confidential valuation from comparable sales and replies within one business day. Everything you tell us is confidential, the valuation is free, and nothing is listed or announced unless you decide to sell. Prefer to talk now? Call (786) 914-1017.

Questions Owners Ask

What is my laundromat worth?
A multiple of verifiable net income, adjusted for the remaining lease term, the age of the equipment and the utility costs. A store with documented income and a long lease is worth far more than the same store on cash and a short lease. A confidential valuation gives you a range from comparable laundromat sales.
How do I prove cash income?
Machine counters, deposits, utility bills that match the wash volume, and, where possible, a card system installed well before the sale. Buyers verify by sitting in the store and counting; documented stores skip most of that.
Will the landlord approve a new owner?
Most leases require the landlord's consent to an assignment and allow them to review the buyer's financials. The clause is read before listing and the landlord is approached with a qualified buyer once terms are agreed.
What does a business broker charge?
Brokers selling small businesses usually charge a success fee paid from the proceeds at closing, commonly quoted in the market at around ten percent of the price, often with a minimum fee; larger sales are usually priced on a sliding scale. BreakThru's fee is set out in writing in the listing agreement before you sign anything, and the valuation costs nothing.

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