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  • Buying a laundromat

    updated 3 years, 5 months ago 0 Member · 1 Post
  • Charles

    Member
    September 9, 2019 at 11:02 am

    Hi all, I’ve seen some posts here about buying Laundromats and read them but didn’t really get the answers I am looking for. There’s a local laundromat that is for sale, 15 washers, 16 dryers. Completely remodeled all brand new machines in the past year. They are gross $7,500/month and net $5k/month currently and asking $250k for the business. Lease has 5 years left with a 5 year option. How would you value this business? It seems to me that $250k is a bit high but with all new machines how would that factor in? Does this seem like a reasonable factor based on the current net? – by hq overview blackc2004 – –

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