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Bartlett, DuPage County

Laundromat for Sale in Bartlett, Illinois

A laundromat in Bartlett is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Elgin — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide laundromats playbook is on the industry hub; this page is the Bartlett file. Confidential sale. No upfront listing fee.

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Bartlett market

Selling a laundromat in Bartlett

A laundromat in Bartlett is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Elgin — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide laundromats playbook is on the industry hub; this page is the Bartlett file.

Bartlett is a far-west Metra village that sits in DuPage with Cook and Kane edges — family rooftops and a small downtown, not Elgin’s river city and not Schaumburg’s mall.

Household service routes are the typical file. Buyers come from Hanover Park, Streamwood, and South Elgin as often as from Wheaton. Confirm which county the entity and the location actually sit in before you talk Cook versus DuPage notices.

Bartlett has about 41,208 residents in DuPage County, inside the Chicago-Naperville-Elgin area. Nearby markets buyers already compare this book to include Elgin, Streamwood, Carol Stream, Roselle. That comparison changes who shows up: a buyer who will drive from Elgin is not the same buyer who will fly in from a coastal platform.

Planning facts

Typical multiple
3x–5x SDE
Typical timeline
4–9 months
SBA eligible
Often — confirm
County
DuPage County
Population
41,208
Metro
Chicago-Naperville-Elgin
Nearby comps
Elgin, Streamwood, Carol Stream, Roselle
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
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DuPage County demand

Collar-county demand

DuPage, Lake, Kane, Will, McHenry, Kendall, and neighboring collar shops sell on household density and the I-88, I-90, I-94, and I-55 corridors.

There is no Chicago 45-day city notice unless the business also operates in Chicago. Buyers still compare this suburb to the next one on the same highway.

Bartlett demand for laundromats is the customer list and the license path — not the Census population figure. About 41,208 residents is context for who already lives in the trade area. It is not a sale price.

Laundromat in Bartlett

What a Bartlett buyer will underwrite on this laundromat

Retail in Bartlett is lease, parking, and any local-control license — not a holiday week. Buyers already compare this corner to Elgin, Streamwood, Carol Stream. Inventory must be salable goods.

Laundromats statewide typically plan around 3x–5x SDE and a 4–9 months process when books and the lease are ready. That is a planning range, not a price for this Bartlett shop. Buyers here usually argue machine age and condition, lease terms and rent vs revenue ratio, vend prices vs market, location density.

Closing clock for this Bartlett file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: Municipal business licenses and plumbing/electrical permits for machine change-outs are the live items. The industry hub teaches the statewide rule. This URL is the Bartlett application of it.

In a suburb like Bartlett, owner-operators, semi-passive income investors are the names that usually appear on the NDA list. A buyer who will drive from Elgin is not the same buyer who will fly in from a coastal platform.

Buyer pool

Who buys a laundromat in Bartlett

DuPage draws well-capitalized SBA buyers and PE platforms hunting recurring home-services and healthcare density along I-88 and I-355. Affluent household income supports membership and contract businesses. Buyers underwrite school-district stickiness and will pay for a dispatcher who is not the seller.

Illustration: a 32-washer unattended store in a Chicago neighborhood with mid-life machines, a card system, and a lease with seven years left. Not a closed sale.

A laundromat whose customers already sit in Elgin, Streamwood, Carol Stream, Roselle is a larger business than one that stops at the Bartlett city limit. Tell the truth about the route. Buyers will map it.

SDE recast

How a buyer will read the books on this Bartlett laundromat

Laundromat recasts on vend collection after a market-rate attendant if the store is not truly unattended. Pull a card-system conversion year and any wash-dry-fold that is really the seller folding at night. Utility (gas, water, sewer) is the prime cost. A 3x–5x SDE band assumes machines that still have manufacturer support and a lease that does not reset the rent.

Illustration only — not a quote for any Bartlett shop. A laundromat whose tax return shows $94,000 of net profit is not worth $94,000 × a rumor multiple.

Add back the owner’s $41,000 W-2 and payroll tax, $11,500 of discretionary benefits, $8,000 of accepted one-time cost, and $4,500 of personal expenses that a buyer will not run. Then subtract $34,000 of replacement labor if the owner still diagnoses, sells, or closes the books.

Adjusted seller’s discretionary earnings are $125,000. At the planning range 3.0x–5.0x, enterprise value is $375,000 to $625,000. Mid-range 4.00x is $500,000 before debt, working capital, holdback, and tax. A Bartlett buyer will argue the multiple after they ride with the staff and read the lease.

At 4.00 times $125,000 of seller’s discretionary earnings, enterprise value is $500,000 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.

SDE line items

  1. Reported net profit (tax return, not the marketing P&L)
  2. + Interest expense
  3. + Income taxes (not payroll, sales, or property tax)
  4. + Depreciation and amortization
  5. + Owner W-2, bonuses, and payroll taxes on the owner
  6. + Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
  7. + Accepted one-time or non-recurring expenses
  8. − Market-rate replacement labor for owner work that will not transfer
  9. = Seller’s Discretionary Earnings (SDE)
Illustration recast for a Bartlett laundromat — not a quote
Net profit$94,000
Owner W-2$41,000
Benefits$11,500
One-time$8,000
Personal$4,500
Replacement labor (subtract)−$34,000
Recast SDE$125,000
Planning EV at 4.00x$500,000

Recast Seller’s Discretionary Earnings, then apply a planning multiple for laundromats. Replacement labor is subtracted. This is a planning tool, not an appraisal.

Recast SDE—
Planning enterprise value—

Before debt, working-capital peg, holdback, and tax. Educational only.

Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.

$
1x 3.0x 8x
Estimated Value Range — to —

This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.

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DuPage County closing

Licenses and closing steps for a Bartlett sale

DuPage deals typically run Illinois CBS-1 (10 business days) plus municipal business licenses and landlord consent. Naperville, Wheaton, Elmhurst, and Downers Grove each have their own clerk process. There is no Chicago 45-day city notice unless the entity also operates in Chicago. Confirm water, occupancy, and home-rule license transfers city by city.

Municipal business licenses and plumbing/electrical permits for machine change-outs are the live items. There is no statewide laundromat license. Card-system and coin-operator accounts do not always assign. A buyer who cannot get landlord consent to swap 80-pound washers does not have a capex path. Grease and lint-interceptor rules are municipal.

Labor and lease

What has to keep working on Monday after close in Bartlett

For a laundromat in Bartlett, the first labor question is: Documented vend and a lease with term.

Commercial rents and industrial flex along the I-88 research corridor are higher than most Illinois counties. Assignment language and remaining term matter. Technician and hygienist recruiting competes with every neighboring suburb. A shop that only works because the owner lives eight minutes away will get a haircut.

Naperville, Wheaton, and the I-88 corridor sit in the Chicago-Naperville-Elgin MSA with office, medical, and residential density that keeps SBA lenders comfortable. That is demand, not a guaranteed extra turn of multiple.

Diligence

What a serious laundromat buyer will open

Levers that move the multiple in this vertical: Documented vend and a lease with term; Machine age and parts support; Utility ratio a buyer can hold; Card-system control and theft discipline; Wash-dry-fold that is staffed, not the seller at 10 p.m..

Have these ready before anyone hears the name of the Bartlett business: Collection reports by machine and day, not a shoebox of coin; Washer/dryer age, remaining useful life, and parts support; Utilities as a percent of vend and any shared-meter fight; Lease, assignment, and whether the landlord wants the space back; Wash-dry-fold labor and whether it is the seller; Card-system ownership and cash-handling controls.

Buyer tool

SBA payment sketch for a Bartlett laundromat buyer

Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.

SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.

$
%
%
yrs
Down Payment Required —
Loan Amount —
Est. Monthly Payment —

This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.

Sale steps

How to prepare a Bartlett laundromat for sale

  1. Recast this Bartlett laundromat. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Bartlett buyer must hire. Do not treat a spike year as the new normal.
  2. Name who can operate on Monday. List every credential that lets this laundromat pull a permit or see a patient in Bartlett, and whether that person stays. Personal licenses do not transfer with the assets.
  3. Tell the truth about the Bartlett trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Bartlett limit.
  4. Open the lease and the labor file. Remaining term and assignment in DuPage County. Whether the crew can run without the seller living eight minutes away.
  5. Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
  6. Read the statewide playbook, then talk. The Illinois laundromats hub is the statute and recast teaching. This page is the Bartlett file. Confidential consult — no upfront listing fee.
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Questions about laundromats in Bartlett

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