I live in a major US city so there are lots of apartments. But we have a number of different locations that cater to different demographics. One laundry is in a fairly affluent area so it is mostly people with large items like comforters or who have broken washers and dryers. Additionally, we do a lot of full service Wash and fold out of that location.

The first laundry I purchased was $140k. I brought about 50k to the table and took out a 90k SOFI. Was a bit of a big swing but I was confident in my due diligence. Good thing is you can buy fully functional laundromats (which I did) and start cash flowing day 1.

You could always look for local laundromats for sale. The great thing about them is if you don’t give them much attention, they can still do okay. However, if you really wrench on them, you can really get a lot out of them.

Own a few myself and have thoroughly enjoyed it.