Anyone have experience with laundromats / lease takeovers?

September 08, 2025

by a searcher from Howard University in USA

I’m joining a friend tomorrow for a tour of a laundromat in Manhattan. He’s looking to take over the lease, and I’ll be bringing a real estate perspective to the visit. Beyond reviewing lease terms, I want to be thoughtful about equipment and buildout considerations. For those who have evaluated or operated laundromats: - What red flags should we look for in the space? - Any must-ask questions about utilities, infrastructure, or landlord dynamics? - Tips on assessing whether the location is set up for a profitable operation? Appreciate any quick insights the community can share ahead of the tour.

Reply by a professional-accounting
from College of William and Mary in Redondo Beach, CA, USA

I owned coin laundries in LA for seven years. I also negotiated three lease extensions for the properties during that time. Happy to chat with you about my experience.

Reply by a searcher
from University of Southern California in 1 World Way, Los Angeles, CA 90045, USA

Unless you have mass scale - its a really hard business. Machines and people are the most difficult part. Machines go down constantly and do you want to be covering for the one employee that doesnt show up.

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