Large Modern Laundromat Newer Equipment Strong Growth Potential
Baltimore, MD
Asking price
$442,000
Machines
—
Cap rate
—
Price / machine
—
About this property
Excellent opportunity to acquire a large, modern coin laundromat in a densely populated Baltimore City market. This approximately 5,000-square-foot laundromat was newly developed in 2019, with the owner investing approximately $1.1 million at the time in new commercial washers, dryers, equipment, improvements, and build-out. The current owner lives approximately two hours away and, because of his age and distance from the business, has operated the laundromat on a largely absentee basis since opening. The business has depended heavily on employees rather than active owner management. Current gross revenue has historically been approximately $35,000 per month, or approximately $420,000 annually, subject to buyer verification. The major opportunity is for an experienced, hands-on owner to improve operations and expand the business. Management believes there is potential to substantially increase revenue through stronger day-to-day management, improved wash-and-fold service, marketing, pickup and delivery, commercial accounts, and better utilization of this large facility. A motivated owner-operator could potentially develop this location into a significantly higher-volume laundry operation.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $442,000 |
|---|---|
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Sep 13, 2026 |
Before you call the broker
10 things are not disclosed on this listing. These are the questions that would close the gap — specific to a laundromat, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Whether real estate is included — not disclosed
Does this sale include the building, or is it the business with a lease?
Most of the value in a laundromat purchase. The audit is right that sources almost never publish it.
Lease terms — not disclosed
What is the remaining lease term, the rent, the escalations and the renewal options?
A business-only purchase with three years left on the lease is buying three years. This is the number that decides the deal.
Machine count, age and mix — not disclosed
How many washers and dryers, what capacities, what age, and are any leased?
Equipment at end of life is a six-figure replacement. Leased machines are a liability that transfers.
How revenue is evidenced — not disclosed
How is revenue documented — card system reports, tax returns, or owner estimates?
A largely cash business needs evidence beyond a seller spreadsheet. What you can verify is what you can finance.
Utility cost and who pays — not disclosed
What do water, gas and electricity cost annually, and are any included in the rent?
The largest operating expense in a laundromat, and the one most often understated.
Whether the figure is SDE or NOI — not disclosed
Is the income figure seller discretionary earnings or net operating income?
SDE includes the owner salary; NOI does not. Treating one as the other overstates what you can pay by a wide margin.
Asking price — disclosed
Currency of the asking price — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.