Home Forums Laundromats feedback on analyze a deal

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    Tim Nguyen

      I’m currently analyzing this deal and need opinion if this is a good deal moving forward.
      Total revenue of last year 2023 was roughly 200k
      rent was half of the revenue, over 100k
      total other expenses added up to around 170k.
      cash flow after that was about 30k.
      lease still have 5 years of contract
      All the machines are over 15 years old
      let me know if anyone has any thoughts


        Not a whole lot of information to go off of but first and foremeost that lease term is not long enough unless there is at least one more 5 year option. It’s also half of the revenue? Must be near the end of a term.

        What is ‘other expenses’ to add up to 170K?

        Have you been to this store? Are most machines working? They definitely have miles on them.

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