Sell or Buy a Laundromat in Illinois

Laundromat Business Overview

Illinois laundromats serve communities with self-service and attended laundry facilities. The industry benefits from recession-resistant demand and opportunities for semi-absentee ownership.

Laundromats benefit from cash-based revenue, minimal staffing requirements, and predictable operating costs. Success depends on location demographics, equipment quality, and facility maintenance.

Laundromat Valuation

Business Type	Multiple Range	Basis
Basic Coin Laundry	2.0x - 3.0x	SDE
Attended Laundromat	2.5x - 3.5x	SDE
Wash & Fold Service	3.0x - 4.0x	SDE
Multi-Location	3.5x - 5.0x	EBITDA

Key Valuation Factors

Location: Demographics and renter population
Equipment: Age, condition, and capacity of machines
Lease terms: Rent, length, and renewal options
Utilities: Water, gas, and electric costs
Services: Wash & fold, pickup/delivery options

Selling a Laundromat

Key Selling Considerations

Equipment inventory: Age and condition of all machines
Revenue documentation: Coin meter readings and card data
Utility costs: Historical water, gas, and electric bills
Lease terms: Current rent and renewal options
Maintenance records: Equipment service history

Illinois Regulatory Compliance

Illinois business registration
Local business license
Fire safety compliance
ADA accessibility requirements
Workers' compensation (if staffed)

Complete Selling Guide →

Buying a Laundromat

Key Buying Considerations

Equipment assessment: Professional evaluation of machines
Revenue verification: Coin counts and card system data
Lease review: Terms, rent, and landlord relationship
Demographics: Renter population and competition
Utility analysis: Historical costs and efficiency

Complete Buying Guide →

Laundromat Types

🪙 Coin Laundry

Self-service coin operated.

💳 Card System

Modern card payment systems.

👔 Wash & Fold

Full-service laundry.

🚚 Pickup/Delivery

Mobile laundry service.

🏢 Commercial

Business laundry services.

☕ Laundry Cafe

Combined laundry and cafe.