Established Chicago Laundromat + Real Estate —$186K Cash Flow, On-Site - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
🧺
Chicago Laundromat with Real Estate and Parking
Chicago, IL, US
Added 1 month ago
Laundromat Retail Store
This is an owner-operated laundromat in Chicago's Northwest Side, including the real estate (a 4,000 sq. ft. building with a 26-space private parking lot), operating for over a decade with a free-dry model and Dexter equipment.
Key Information
Asking
$1.7M
Revenue
$458K
Earnings
$187K
Multiple
9.1x
Key Highlights
- Seller-reported net operating income (owner-operator basis) is approximately $186,514.
- The business has been in continuous operation for over a decade and has operated for 15+ years.
- The property is a ±4,000 sq. ft. free-standing building with a 26-space private parking lot.
- Equipment includes 44 Dexter washers (20 lb to 80 lb capacity), 64 dryer pockets, coin and bill changers, vending machines, a 16-channel security camera system, two water heaters, and all fixtures and small wares.
- Roof and HVAC were updated approximately six years ago as part of a $200,000+ remodel.
- The laundromat operates on a free-dry model (customers pay to wash, dry for free).
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence