: Request at least 12–24 months of water, gas, and electricity bills. Since laundromats are cash businesses, utility usage is the most accurate way to verify reported income.
: Inspect soap dispensers, change machines, and folding tables. 3. Location & Demographics
: Determine if the business is "attended" or "unattended." If there are employees, review their pay rates and reliable history.
: Compare the owner's P&L statements against their tax filings. Discrepancies here are a major red flag.
: Ask for service records. Frequent repairs on specific units may indicate it's time for a replacement.
: The shop should be easily visible from the street with ample, convenient parking. Customers carrying heavy bags won't walk long distances. 4. Operations & Safety
: Verify rent, insurance, property taxes (if NNN), and any existing service contracts for trash or security. 2. Equipment & Infrastructure