Laundromat Resource › Forums › Laundromats › Making an Offer during the pandemic › Reply To: Making an Offer during the pandemic
July 2, 2020 at 11:23 pm
#1873
I’m struggling with this right now too. As the buyer, we are pushing for a multiple of trailing 12 months EBITDA since it includes roughly 3 months of COVID reality. Meanwhile, the seller is pushing for an multiple of EBITDA from 2019. It’s a college-based laundromat and there’s no telling what school will look like in the fall – and really in the near future. So, we are holding strong and I’d recommend the same for you. Though…we may miss out on this laundromat because of that so you probably shouldn’t listen to me haha
