Sell a Laundromat
We buy laundromats, so if you are ready to sell a laundromat, get in touch with us today. We buy and sell laundromats, and know the industry inside and out.
Request a Laundromat Valuation
Not quite ready to sell, but want to know what your laundromat is worth? Request a free laundromat valuation today! A good valuation can help you know what your laundromat is worth.
When submitting the info for a valuation be sure to include anything in your business that you feel is an asset. Things like, office space, private parking, new signs, 5 star employees, a growing wash and fold business, company vehicles etc… The more we know the more accurate your valuation will be.
Get The Most Out of The Sale
Just as home owners know, improving the little things can increase your laundromat’s value. Likewise, before you sell, take a fresh look at your laundry.
Ask yourself things from an onlooker’s perspective. Does it need paint, new ceiling tiles, a clean floor? Are the bathrooms in working order and clean? Is half the equipment out of order?
Investing a few dollars in giving your coin laundry curb appeal won’t break the bank, and can help you sell faster for a bigger profit.
Prepare Your Finances To Sell a Laundromat for a Profit
Get your finances in order. You’ll want to have at least 2-3 years of tax returns on hand. Also expense reports can help show the stability and/or profitability of the company.
As with any business the new owner needs to know the truth about what they are buying. It won’t pay to hide income or to keep things from the buyer. Organize it all into a neat and tidy package.
Write Down Your Goals
What do you hope to get from the sale. Writing down your goals and expectations can help to show you if they are inflated or realistic. Selling a $50,000 coin laundry for $100,000 isn’t very realistic. Know what you want the outcome to be.
Compare your business to other similar businesses for sale within a matching demographic. What did they list it for, and is it still for sale after 5 years or did they sell it within a few months? Knowing your goals will keep you on track for a positive outcome.
If you’re ready to sell a laundromat, contact us!