How much to pay for an existing Coin Laundry [Archive] - Coin Laundry Forums

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Frank_Hamann

07-21-2004, 07:33 PM

Dear Forum,
How much is a good price to pay for a laundromat? If the gross monthly income is $8500 and the monthly net income is $4000 and the condition is good with 6 year old machines?
Thanks for your response.

Sincerely,
Frank Hamann
Orange, CA

SecretarytoBraveDave

07-22-2004, 01:06 AM

A good price is the amount paid of the business you have assessed as potentially worth while. You have to provide more info for such a broad question. You can search the posts on coinwash.com and research the ways to analyze the profitabilty of a mat

petefritz

07-22-2004, 03:42 AM

what is it worth to you?
Things to consider.. the likleyhood of the continued cash flow, ie, no new stores, lack or rental spaces for a new store, impact fees, etc. If you can determine how strong the cash flow is, and how long it may last, then you can guess a price for it. In this biz, 3-5 x cash flow is a general number, real estate not included.