FLORIDA · NAICS 812310
Florida laundromats in dense urban submarkets across Miami, Tampa, Orlando, and Jacksonville carry strong unit economics. Studies model equipment specification, water and utility cost structure, utilization and turns per machine, and the supporting trade-area renter mix that converts assumptions into defensible projections when historical books are thin.
FEASIBILITY TRIGGER
Laundromats are cash-flow-underwritten deals where lenders require utilization analysis when history is thin.
SBA 7(a) and 504 lenders funded 81 laundromat projects across Florida between FY2010 and FY2026, moving $45.7 million in approved capital at an average ticket of $564,000. That volume places Florida at #9 of 38 states measured for laundromat SBA activity, or 2.7% of national laundromat dollars. The 7(a) program carried 77.8% of the loan count, with 504 taking the balance, and 14 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 81 |
| Approved volume | $45.7 million |
| Average loan size | $564,000 |
| 7(a) share | 77.8% |
| Approvals since FY2024 | 14 |
| State rank by loan count | #9 of 38 |
Among the 54 seasoned loans in this segment (approvals FY2010–FY2021), 9.3% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for laundromat is 4.0%, against 7.3% across all industries. That performance runs above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 9.3% adverse-resolution rate against the national laundromat benchmark of 4.0% tells credit committees to scrutinize revenue projections and coverage assumptions closely on Florida deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $564,000 across 81 loans.
Every Florida laundromats project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Florida projects often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate, while SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Florida urban submarkets carry strong laundromat economics, and acquisitions frequently trip the goodwill appraisal threshold.
For a national view of this asset class, see our laundromat SBA feasibility overview, and read our related analysis in the laundromat lending research on our blog.
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