How to Sell A Laundry Business
SELLING 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
- Fully systemise your business.
- Keep the income of your business on an upward curve.
- Increase diversity of clients across the casual, regular and corporate sectors.
- Find ways to differentiate yourself from competitors.
- Don’t allow labour costs to get out of hand.
- 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.
- 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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They opted for BCI:
Founder and M.D. - Jump Start
" 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 ... "
M.D. - Sherlock Consulting
"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 ... "
Director - Fields of Beauty
" 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! ... "
Director - PALMERBIZ
" 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 ... "
Director, Franchise Systems Grp
"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 ... "
Pro. Services Franchisor
" I have worked with Tony over a number of years in different capacities, firstly as a Franchisor with Tony brokering the sale of a franchisee in our system and then as an advisor to our system. On all occasions I have found Tony to be well informed and ... "