Now, I own the Bubbles and Bleach laundromat in Visalia, California, and it brings in about $24,000 in revenue every month on average.
"A good price" for a laundromat entirely depends on its cash flow — or the yearly gross revenue, minus all expenses.
When you buy the business, are the employees going to stay on, or will you need to find new ones?
On average, each side brings in about $12,000 a month in gross revenue, which comes out to about $24,000.
If you've successfully created a secondary or passive income stream and want to share your story, email Dorothy Cucci at dcucci@insider.com.