Have you every thought about buying a laundromat? Well, Tom Benson not only bought a laundromat, he bought a 13,500 square foot laundromat. The World’s Largest Laundromat is located in the town of Berwyn, Illinois, a suburb just outside of Chicago and is open 24 hours a day, seven days a week.
Benson saw the uniquely massive laundromat as having untapped potential, so he decided to buy it. He was an experienced business broker and knew the dry cleaning and laundry industry well. The laundromat offered free city parking and was located in a densely populated area, filled with renters. With hard work and good business sense, he built it into a viable enterprise.
Benson’s goal was not only to attract customers to his laundromat, but also to build an emotional connection where families spend time together. The World’s Largest Laundromat is a community gathering place with a bird aviary, children’s play area and comfortable seating. It offers Wednesday pizza nights, immigration seminars and a summer children’s reading program. Local residents congregate here just like they would at a neighborhood diner.
The Coin Laundry Association estimates there are approximately 29,000 retail self-service laundries in the U.S. that generate $5 billion in annual sales. You can find many laundromats listed for sale right now by visiting BizBuySell.
“Laundry gets way more fun when there’s free pizza, live animals and family-friendly entertainment in the mix.”