Laundromat Resource › Forums › Laundromats › Valuation for buying an unprofitable laundromat › Reply To: Valuation for buying an unprofitable laundromat
I’ve been getting quotes for retools from distributors and asking them for their thoughts on what a laundromat like this is worth. I thought I’d come here to update the thread with their answers for others who may be in this situation. One person said that in this case you’re really paying for the infrastructure of the place, because in our area it’s very hard to get the city to approve a new laundromat. He recommended a purchase price of $25k-$28k. Another one said that in these cases, people often take a 1x multiple of the gross revenue, which in this case works out to much higher than what the other distributor suggested. I really can’t see offering that much, since it’s going to be so pricey to retool the place.
