The cost to buy a laundromat varies widely depending on factors such as location, size, equipment condition, and whether you are purchasing an existing business or building a new one.

• Buying an existing laundromat typically costs between $90,000 and $400,000 for a mid-size store with established equipment and customer base. Some medium-sized laundromats with newer equipment may cost around $125,000 to $200,000

. The price is often estimated as four to six times the annual net revenue of the business

• Opening a new laundromat or purchasing property and outfitting it with new commercial-grade washers and dryers can range from $200,000 to $500,000 , but in prime locations or larger stores, costs can exceed $1 million and even go as high as $1.2 million or more

• Equipment costs alone can be substantial, with commercial washers and dryers costing between $100,000 to $300,000 or more depending on the number and type of machines

• Additional costs include renovations (typically $50,000 to $200,000), leasing or purchasing property (purchase can range from $200,000 to $1,000,000 depending on location), and other expenses such as legal fees, signage, insurance, and marketing

• For a rundown laundromat needing upgrades, initial investment can be as low as $50,000 to $100,000 , but new construction or full buildouts start around $250,000 and can go up to several million dollars depending on scale and location

In summary, buying a laundromat generally costs from about $90,000 to $400,000 for an existing business, while starting or buying a new laundromat with new equipment and property can require an investment of $200,000 to over $1 million depending on many factors