Lost Sock Laundromat
Tahoe City, CA
Asking price
$750,000
Machines
34
Cap rate
—
Price / machine
$22,059
About this property
Business Overview Lost Sock Laundromat is an established, hybrid-model laundry business located at 531 N Lake Blvd, Suite 103, in Tahoe City, California — a high-traffic North Lake Tahoe location serving year-round residents, seasonal renters, and the region's dense concentration of vacation rental and hospitality properties, with delivery service reaching as far as Truckee. The business operates three integrated revenue lines: self-serve laundry, residential wash-and-fold (offered both as walk-in drop-off and as pickup-and-delivery), and commercial wash-and-fold with pickup and delivery service. This combination gives the business a diversified, resilient revenue base rather than dependence on any single customer type. The company is organized as an S-corporation, owned 50/50 by Patrick and Kristy Cerceau, who have operated the business hands-on and built out its systems, vendor relationships, and commercial client base.
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 | $750,000 |
|---|---|
| Machines | 34 |
| Price per machine | $22,059 |
| Washers / dryers | 24 / 10 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Sep 13, 2026 |
Before you call the broker
9 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.
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
Machine count, age and mix — 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.