Laundromat Resource Forums Laundromats Laundromat Valuation with Add On Businesses

2 voices
3 replies
  • Author
    Posts
    • #16846
      Eric Hansen
      Participant

        I am looking to get a valuation of a laundromat which also is a UHaul business. Do I do valuation on only the laundromat portion or do I include the other business? Since COVID, the majority of profits come from UHaul.

        I tried my best to format this to make it readable. I couldn’t insert a screen shot.
        2021 2020 2019
        COVID COVID

        INCOME:
        LAUNDRY 126,627 125,746 175,030
        LAUNDRY PICK-UP 21,695 17,338 20,075
        U-HAUL & OTHER 50,423 38,959 43,430
        TOTAL INCOME 198,745 182,043 238,535

        TOTAL EXPENSES LAUNDRY 113,262 138,654 146,503
        TOTAL EXPENSES LAUNDRY PICK-UP 12,870 11,352 10,382
        TOTAL EXPENSES U-HAUL 917 285 106
        TOTAL EXPENSES 127,049 150,291 156,991
        NET CASH FLOW 71,696 31,752 81,544

      • #16849
        Eric Hansen
        Participant

          These posts and comments can be edited only once then you are locked in forever.

          So let me break down the Income and Expenses. I would keep the UHaul add on since it is obviously profitable, but do I add this in the valuation?

          ———————————————-2021————2020————-2019
          GROSS-INCOME:—————————————–COVID———–COVID

          —-INCOME:————–
          —-LAUNDRY—————————126,627——–125,746———175,030
          —-LAUNDRY-PICK-UP—————21,695———17,338———–20,075
          —-U-HAUL-&-OTHER—————-50,423———38,959———–43,430
          —-TOTAL-INCOME——————198,745——–182,043———-238,535
          —-EXPENSES————————
          —-LAUNDRY—————————113,262——–138,654———-146,503
          —-LAUNDRY-PICK-UP————–12,870———-11,352———–10,382
          —-U-HAUL—————————–917—————285—————106
          —-TOTAL-EXPENSES—————127,049———-150,291——–156,991
          —-NET-CASH-FLOW—————-71,696————31,752———-81,544

        • #16918
          Michael Van
          Participant

            Hi Eric!

            I’m a newbie to the Laundromat Resource but as a business owner, I would definitely say separate it out as much as possible. They are two completely different businesses even if they share some of the same overhead. That way you’ll be able to really understand how much each business makes as a whole as well as being able to figure out which direction you want to take things. Would love to chat more and see where your head is at regarding this.

        Topic tags

        You must be logged in to reply to this topic.

        Laundromat Resource Forums Laundromats Laundromat Valuation with Add On Businesses