Brooklyn, NY
$100,000
Brooklyn, NY
$100,000

Putnam County, NY
$450,000

Jamaica, NY
$1,750,000

Brooklyn, NY
$1,450,000
Brooklyn, NY
$450,000
Queens, NY
$415,000
New York County, NY
$650,000
Suffolk County, NY
$250,000
REAL ESTATE INCLUDED
Buffalo, NY
$4,900,000
Kings County, NY
$110,000
Available Nationwide
$150,000
Richmond County, NY
$999,000
Staten Island, NY
$475,000
Staten Island, NY
$440,000
Forest Hls, NY
$659,000
Michael Farruggia
Synergy Business Brokers
Serving Orange County, NY
Synergy Business Brokers is a leading Mergers & Acquisitions firm that sells successful businesses. If you are considering buying or selling a business, our business brokers and M&A professionals can provide you with experienced guidance. We offer a confidential consultation if you would like to discuss the possibility of selling your business. We want to understand your business, position it correctly to maximize your value, and then develop a strategy to help you achieve your goals with advisory services during the entire process. Most of the businesses that we represent have annual revenues between $700,000 and $250 million and a verifiable owner's annual net income (including profit, owner's salary, and benefits) of between $250,000 and $30 million. We have developed relationships with potential buyers throughout the United States and overseas. Synergy Business Brokers has won multiple awards for being the best business brokerage firm in the area, and we are committed to bringing that level of excellence to the process of selling your business. Please contact us if you are considering selling your business. Synergy Business Brokers offers you the following: · Nationwide Exposure · Award Winning Sales People · Honesty and Integrity · Affiliations with the most prestigious Associations · Network of local and national contacts · Confidential business sales · Experienced negotiators
Astoria, NY
$1,300,000
Jamaica, NY
$265,000
Brooklyn, NY
$500,000
Poughkeepsie, NY
$150,000
East Meadow, NY
$390,000
Available Nationwide
$105,000
Brooklyn, NY
$698,000
Bronx County, NY
$898,000
Bronx, NY
$1,345,344
Bronx, NY
$1,400,000
Bronx, NY
$2,200,000
Brooklyn, NY
$230,000
Queens, NY
$1,388,888
Kings County, NY
$1,200,000
Rochester, NY
$499,900
Available in New York
$50,000
Brooklyn, NY
$599,000
Laundromats and coin laundry businesses are a popular investment option for entrepreneurs, with steady income potential and relatively low management costs. To help provide some context on the market, and provide some baseline valuation information, we have analyzed laundromat businesses listed for sale in New York, and aggregated financial data to help both buyers and sellers evaluate individual businesses relative to market averages.
Market Overview
|
Number of Businesses Analyzed |
80 |
|
Median Asking Price |
$565,000 |
|
Median Reported Revenue |
$405,810 |
|
Median Reported Earnings |
$149,600 |
|
Financials based on businesses that listed an asking price, annual revenue, and seller's discretionary earnings. |
|
New York Laundromat Valuation Multiples
|
Range |
Revenue |
Earnings (SDE) |
|
Lower Quartile |
1.11 |
3.38 |
|
Median |
1.50 |
4.27 |
|
Upper Quartile |
2.33 |
5.50 |
|
Revenue and earnings multiples based on reported revenue, seller's discretionary earnings, and asking price. |
||
Read the Report:
Laundromat Business Valuation Multiples & Financial Benchmarks
FAQs
How much does it cost to buy a laundromat in New York?
The median asking price for laundromats analyzed is $565,000. However, the cost of purchasing a laundromat can vary significantly based on location, size, number of machines, and profitability.
How much do laundromat owners in New York earn?
Median annual laundromat sales are $405,810, and median reported earnings is $149,600. This figure represents the sellers' discretionary earnings, which include the owner's salary and other financial benefits.
How do I value a laundromat business?
Most laundromat owners and buyers will start their valuation by comparing a business’s revenue and earnings relative to its peers, then use market valuation multiples to find an appropriate price range.
Based on our most recent analysis, New York laundromat owners’ price their businesses at 1.11 to 2.33 times annual revenue, and 3.38 to 5.50 times annual earnings. The median revenue multiple is 1.50, and median earnings multiple is 4.27. This means the average New York laundromat business is valued around 1.5 times its annual revenue, and 5.5 times its annual owner earnings.
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