Determining Value of A Laundromat

[Stuart Pennington]

My wife and I are first time buyers. We have a family friend selling his laundromat for what we think is a fair price. But how do we really determine if it is a good deal or not? We have looked at doing the EBITDA and also looked at the P&L sheets and to our knowledge everything lines up. However, we are looking for how everyone has been able to determine actual value to compare to the total cost of the business.

[James Berry]

Hi Stuart!

I am late to the post so this may have already resolved itself and if it has I would love to hear about the outcome of the situation! Did you end up purchasing the laundromat? Did you pass on it? Let us know!

If you are still wondering how to find out if the laundromat is a good deal, I would like to give you a couple of great resources to help you figure that out.

First, try out the Laundromat Analysis Calculator! It’s a great tool to help figure out the true value of a laundromat!

Second, check out this video on our YouTube channel: How Much Is A Laundromat Really Worth

Last but not least, check out our FREE Course here. It runs through the process of buying your first laundromat!

Good luck and let us know if you have any other questions!

[Author]

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