Welcome back! We are here to talk more about how to determine the value of an existing laundromat. If you're looking to purchase one, be sure to consider the following information. If you missed our previous blog, visit with it for more info! You'll find the link at the bottom of the page. Call T & L Laundry Equipment if you're searching for something besides Dexter dealers in South Carolina.
- As you become more serious about purchasing this location, ask to sit in with the owner while they empty machines for the day. This can be an eye-opening experience. You will find out a great deal of information when this collection takes place.
- It’s possible this laundry may accept credit cards. If this is the case, auditing time has been cut in half. All you will need is to ask for a copy of the report that lists out at least two to three years of incoming revenue.
- Different sized machines will have different revenue values. Be sure to take a look at each type of machine as well as how much water they may use so that you can get a better idea of profitability based on various machine sizes.
- When you begin taking a look at the expenses, it’s important to understand that having at least one year of expenses from previous records is essential. Having two years to look at will be much more telling. That way, you can compare and contrast to see where any discrepancies lie. Looking at expenses, be sure to pay attention to repair costs, supplies, soap, and workers and then add utilities after that. Utilities should be considered for the expenses above, as they are essential to operating facility.
Are you hoping to purchase a laundromat in 2018? If so, the information you find in this post as well as those in this series can help you determine the value. To learn more, be sure to visit back soon. Next post, we will have more info. Don't miss out!
Affordable Alternatives to Dexter Dealers in South Carolina
T & L has been operating for 40 years. Within that time, we've made it our goal to offer the best machines for the best prices. We believe in our products and are excited to share them with you. The benefits you’ll gain from trusting Speed Queen and Continental washers and dryers are incomparable.
Working with T & L will help you avoid downtime. We offer commercial laundromat repair services that won't leave you waiting around for service. Our quality team can get in and out without the downtime you might be used to when machines needed to be repaired in the past.
We are a trustworthy laundry equipment dealer with a service department that won't disappoint. A service tech can come out and perform routine maintenance checks to ensure equipment is working properly.
Visit the following posts in this series to learn more about how to determine the value of an existing laundromat: