Welcome back to our series on evaluating the worth of your laundromat. Whether you are looking to buy or sell a laundromat, knowing how the value of these properties is calculated can influence your decisions. In our previous post, we looked at the factors that impact the value of a laundromat. However, there are more…
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Increase Coin Laundry Profits with Ancillary Services
Your laundromat is a profitable business, but did you know there are many ways you can increase your profits even more? Looking for ways to increase your bottom line is the mark of a savvy business owner. Adding additional revenue sources to your laundromat is one of the easiest ways to improve your laundromat earnings.…
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Dealing with Bent Quarters at Your Laundromat, continued
Welcome back! We are here to pick up right where we left off in our previous blog post. If you missed it, be sure to visit here for the first half of this information! Previously, we talked about bent quarters and how coin drops can become damaged from them. We also talked about a few…
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What Is Your Laundromat Worth?
Whether you are looking to sell your laundromat and retire or simply trying to establish the value of your coin-op, knowing how much your business is worth is essential. The industry standard to determine how much you can sell your laundromat for is three to five times the annual profit of your business. While multiple…
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