Wednesday, April 1, 2026

Exiting Laundromat Ownership? Contact Distributors!


So far in my laundromat equipment sales career as of March 2026, I've helped sell 19 laundromats spread between 14 owners. I'm not a real estate agent or a business broker, however working for a distributor there are always people calling asking about getting a store or if we know anyone looking to buy. The main office gets calls and emails all the time from people looking for locations.
A lot of these calls are from "tire kickers," people who don't know how to get into the business and just looking for information. Sometimes calls are from other owners looking to get an idea of what their stores are worth in todays market. There are some of these callers that are legitimate buyers with the backing to buy. I keep a list of these customers and qualify them as someone that can get into the world of laundromat ownership.
No commissions. No promises. 

So if you're selling a store how does the process work?
Simple.
As the seller I ask what information you are comfortable with me sharing with prospective buyers. If I find someone that seems to be a good candidate for buying your store I pass their information over to you and let you decide how you want to work with it. 

I ask two things of you as the seller:
The first is that you contact the buyer.
I've taken the time to qualify them as someone worth talking to.
They might not be right for your opportunity but they are worth contacting.

The second thing I ask is that you are serious about selling your store.
Don't tell me you are interested in selling and I should get you some leads and then decide you are not really selling. Legitimate laundromat buyers are usually prepared to make serious offers and are anxious to get into the business and not hearing from an owner who is supposed to be selling is frustrating. 

There are a lot of unprepared and unqualified store buyers out there so let me help you weed them out by talking to buyers I've met with.

It you are a laundromat buyer reading this, my next article is geared towards mistakes you are making that is ticking off current owners and explains why they are not contacting you. Stay tuned...

Ev
A Heck of A Nice Guy