The Economics of Owning a Laundromat

What does a laundromat owner really take home? We break down real sale data, real owner stories and the bills that decide whether a laundromat makes money, before you buy one. The typical laundromat sold on BizBuySell went for about $250,000 and showed about $77,000 a year in owner earnings. But that number isn't a salary. In this video you'll learn what a typical laundromat really earns, how much of it the owner actually keeps after the loan and equipment costs, why "absentee" laundromats are mostly a myth, and the 5 checks to make before you sign anything. 00:00 Why laundromats look like the perfect passive business 00:32 Why people want to own one 01:16 What you're actually buying: real sale prices 02:33 How a laundromat makes money (and wash-dry-fold) 03:40 Rent, utilities and labor: where the money goes 04:49 What the owner actually takes home 05:38 The absentee owner myth 07:05 5 checks before you buy a laundromat 08:07 Is a laundromat a good business? Subscribe to Next Owner for the real numbers behind ordinary businesses, before you buy one. This video is for educational purposes only and is not financial, legal or investment advice. Figures are typical values from public data; every store is different. Always do your own due diligence. Laundromat business Laundromat business plan startup Laundromat business profit Laundromat business startup Laundromat business Canada Laundromat business UK Laundromat business for sale Laundromat business in us #laundromat #smallbusiness #buyingabusiness