Maximizing Your Coin Laundromat's Value
Every coin laundromat owner will eventually have to decide whether moving on or pursuing other ventures. No matter what reason you have for selling your coin laundry, it could still be a valuable asset. Your business's value could be affected if your store isn't managed well, you don't have accurate financial information and you haven't planned ahead for the sale. Contrary to what you might think, you don't have to list your store for sale the day it is purchased Commercial Washer and Dryer . You should ask yourself the following question: "What can I do now to increase the value of my Laundromat over the next two to three years?" Here are three things you can do to increase the value of your coin laundry. Step 1 - Calculate the Valuation of Your Laundromat A multiple of net income is used to value businesses that make profits. In the case of the coin laundry business, this multiple is called the SVM (Store Value Multiplier). This is the sum of th