Help Structuring this seller finance deal!

[Tyler Kavan]

Hi All,

I have a bit of a pickle I’d love to get some feedback on. I am currently speaking with a gentlemen who is open to doing a seller financing deal with me for his laundromat business as well as the real estate it’s in. He wants x amount for the business as it’s valued and x amount for the building that it’s appraised at. He still owes on his mortgage for the building. I am not sure what would be best in structuring this deal. I just want to be sure I have an exit strategy. Whether I sell the business and keep the building or visa versa. Any help would be appreciated!

This would be my first laundromat and am new to the scene. I have done due diligence on how to come to a valuation with a laundromat but if anyone would be able to take a second look and give me their honest opinion I would very much appreciate it. I can’t wait to be apart of the laundromat community!

[Arjan Gill]

Hey Tyler, I was doing research on the same thing. I am wondering if you found any info on this? I came across this video on how a laundrymat was seller financed: https://www.youtube.com/watch?v=phME03aJI-Y. Hope it is helpful. I have a location and a owner looking to sell but im still trying to properly value the business. i have estimates on the balance sheet. Can you point me in the direction on how you valued the business?

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