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Financing

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Acquisition

Finance up to 65% of the valuation of the coin/card laundry or 65% of the selling price, whichever is less. Value of the coin/card laundry is based on a detailed analysis of the utility bills, trailing twelve months EBITDA from Profit & Loss Statement. coin/card laundries typically are valued at three to five times trailing twelve months EBITDA. We recommend that all buyers work with a local accounting or financial professional in making their decision to purchase.

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Acquisition & Retool

Finance the purchase of an existing location with the purchase of new equipment. Finance amount to be determined on a case by case basis for qualified customers.

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Multi-Store Ownership

Utilize the equity in an existing coin/card laundry to facilitate a new store development or existing store acquisition.

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BONUS DEPRECIATION

ACT BEFORE DECEMBER 31, 2025, AND WRITE-OFF 100% OF YOUR LAUNDROMAT INVESTMENT

2025 TAX INCENTIVES SUMMARY

  • Section 179 Deduction: Up to $2,500,000 for qualifying new or used laundry equipment; phases out after $4 million in total purchases.
  • 100 % Bonus Depreciation: Available for qualifying property acquired and placed in service after January 19, 2025 (under the One Big Beautiful Bill Act).

    • ELIGIBLE ASSETS INCLUDE: 

    Washers, tumblers, payment systems, water heating systems, ancillary equipment, bulkheads, and leasehold improvements that meet IRS Qualified Improvement Property (QIP) rules.

      • Disclaimer This information is provided for general guidance only. Purchasers should consult a qualified tax professional to discuss how these rules apply to their specific business circumstances.

    Frequently Asked Questions

    Do you offer pre-approvals?

    Yes, our preapproval process allows customers to receive immediate feedback based on an estimated financed amount by submitting only a completed credit application and personal financial statement.

    How fast can I expect an answer on my credit application?

    Typically, credit decisions are made within 24 hours of receiving a complete application package

    What are my cash investment requirements on a new store purchase?

    We will look to finance up to 70% of the total project cost, leaving the customer with a 30% cash investment. The total project cost consists of all costs associated with building the laundromat, including equipment, leasehold improvements, construction, impact fees and all other relevant costs.

    Are there any prepayment penalties?

    No, our loans can be prepaid in full or part at anytime without penalties.

    Apply for Financing

    For qualified buyers in Florida, North Carolina, South Carolina and Virginia, laundry focused financing is available to support your acquisition needs. Contact us to discuss Acquisition Financing options.

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