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How to Sell A Laundry Business

Get tips on how to sell your laundry business

Sell A Laundry Business

Laundromats and coin operated laundromats are popular choices among business buyers as they often have minimal payroll expenses and can be successfully run as an absentee run business. For this to happen, it has to be profitable enough to employ staff. 

Additionally, laundromats usually have predictable sales and cash flow making it an easy business to run. So when should you sell?  Ideally, when sales are steady and your equipment is in good condition.  The condition of a your equipment is the biggest factor in the due diligence process of selling this type of business.

Maximising Profit Before Sale Process

  1. Fully systemise your business.
  2. Keep the income of your business on an upward curve.
  3. Increase diversity of clients across the casual, regular and corporate sectors.
  4. Find ways to differentiate yourself from competitors.
  5. Don’t allow labour costs to get out of hand.
  6. Keep plant and equipment in good condition as a buyer will only deduct from price the amount of work that needs to be done to bring the business up to scratch.
  7. Make sure you are selling the business on its tax figures. The days of lying about your figures to the tax department are over.

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I sold my business for the price, terms and hand-over that I wanted, and it was all because of Tony....

Heidi Dening Testimonials - Work with BCI Business Brokers

Heidi Dening
Founder and MD, Jump Start

BCI Business Brokers
2018-08-17T15:12:33+10:00

Heidi Dening
Founder and MD, Jump Start

Heidi Dening Testimonials - Work with BCI Business Brokers
I sold my business for the price, terms and hand-over that I wanted, and it was all because of Tony. His decades of experience and excellent people skills gave me confidence, reassurance and guidance throughout the entire process. He had a very clear system on what was the best method to sell my business and from start to finish he was the expert in every way. It wasn’t till after I had started the process that I realised that I could never have done this by myself, without completely losing the plot!!! His honesty and trustworthiness completely relieved the stress and pressure, and I couldn’t recommend him enough.
For 20 years plus I have seen the results of Tony’s business and the professional way he handles his clients….....

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Bruce Sherlock
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2018-08-17T15:14:43+10:00

Bruce Sherlock
Founder and MD, Sherlock Consulting

Bruce Sherlock Testimonial - Work with BCI Business Brokers
For 20 years plus I have seen the results of Tony’s business and the professional way he handles his clients….. He is a man of action and stands behind his words….. It’s nice to see and meet a person who is courteous, honest and willing to go the tough yards to achieve YOUR goals and will not sacrifice his integrity for any short term benefits. Cheers and good luck Tony…
" Tony, Thank you, for your commitment, professionalism, and dedication to selling my business . I could not have asked...

Emily Salter Testimonial - Work with BCI Business Brokers

Emily SALTER
Director - Fields of Beauty

BCI Business Brokers
2018-10-10T16:01:23+11:00

Emily SALTER
Director - Fields of Beauty

Emily Salter Testimonial - Work with BCI Business Brokers
" Tony, Thank you, for your commitment, professionalism, and dedication to selling my business . I could not have asked for a better broker to sell it! ... "
" If you are considering selling your business, don’t waste your time shopping around for a broker that doesn’t even...

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Susanna Palmer
Director - PALMERBIZ

BCI Business Brokers
2018-10-10T16:05:20+11:00

Susanna Palmer
Director - PALMERBIZ

Susanna Palmer Testimonial - Working with BCI Business Brokers
" If you are considering selling your business, don’t waste your time shopping around for a broker that doesn’t even understand business. Go straight to BCI Brokers and get the professional service that you deserve ... "
"Tony puts the interests of his clients at the forefront. He takes a proactive approach to each project and helps...

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Director, Franchise Systems Grp

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2018-10-10T16:06:52+11:00

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Director, Franchise Systems Grp

Bill Lockett Testimonial - Working with BCI Business Brokers
"Tony puts the interests of his clients at the forefront. He takes a proactive approach to each project and helps his clients understand the reality of the situation. He knows what is required to get a positive result and has proved to be a longstanding colleague ... "
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