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re: Anyone have experience with laundromat purchase?

Posted on 7/24/23 at 5:49 pm to
Posted by Thundercles
Mars
Member since Sep 2010
6114 posts
Posted on 7/24/23 at 5:49 pm to
quote:

When everyone is selling, that should be telling.



Maybe, but there are likely hundreds that aren't selling. I suspect there are people who want to move or retire.
Posted by 756
Member since Sep 2004
15761 posts
Posted on 7/25/23 at 2:36 pm to
having been in M and A for years asking 4.25 annual revenue is rich-

I would pay 1.5 to 2 times revenue only after checking the books, liens, leases, equipment condition and a deep dive into the owner.

This looks like one I would likely pass on
Posted by jchamil
Member since Nov 2009
18824 posts
Posted on 7/25/23 at 3:23 pm to
I have two cousins who had laundromats in Florida. One owned some in Ft. Walton and the other in Perry, FL. The Ft. Walton locations made a lot more money. They both knew how to perform maintenance themselves.
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