Laundromat Resource › Forums › Laundromats › Small Town–Rural Laundromats–Anyone experience or have information ? › Reply To: Small Town–Rural Laundromats–Anyone experience or have information ?

February 23, 2021 at 10:22 pm #4308
Emerson
Participant

    Jeff thanks for the response.

    I recall reading your post from when you were considering buying the place. Sounds like a great move.

    I asked an owner about a place and he has responded with what seems to be a 4.5 to 5 X multiple per his numbers.

    However, in such a small town and so far based on “counting cars” in the parking spots I can’t see the level of business to support the price / suggested return cited.

    For the numbers cited I would estimate gross would need to be between 160k to 170k which seems tough in a town the size I mentioned.

    Thanks again and it sounds like you scored getting property and cash flow.