Putnam County, NY
$450,000

Putnam County, NY
$450,000

Jamaica, NY
$1,750,000

Brooklyn, NY
$1,599,000

Brooklyn, NY
$450,000
Queens, NY
$415,000
Brooklyn, NY
$100,000
New York County, NY
$650,000
Suffolk County, NY
$250,000
REAL ESTATE INCLUDED
Buffalo, NY
$6,500,000
Kings County, NY
$110,000
Available in New York
$100,000
Richmond County, NY
$1,000,000
Brooklyn, NY
$700,000
Staten Island, NY
$475,000
REAL ESTATE INCLUDED
Bronx, NY
$1,950,000
Peter Gregory
First Choice Business Brokers
Serving Westchester County, NY
First Choice Business Brokers, Westchester NY FCBB Westchester is In our 4th Year Serving NY, NJ, CT We offer “Concierge-Level”, High-Touch Service Nationwide Representation working with a network 70 other FCBB brokers and 200 agents Typical: 5-6 Quality Listings per Agent to maintain Personalized Service to highly vetted sellers
Staten Island, NY
$440,000
Forest Hls, NY
$659,000
Astoria, NY
$1,300,000
Jamaica, NY
$265,000
Brooklyn, NY
$500,000
Available in New York
$75,000
Poughkeepsie, NY
$180,000
East Meadow, NY
$390,000
Brooklyn, NY
$698,000
Bronx County, NY
$898,000
Bronx, NY
$1,345,344
Bronx, NY
$1,400,000
Bronx, NY
$2,200,000
Queens, NY
$1,388,888
Kings County, NY
$1,200,000
Available Nationwide
$50,000
Rochester, NY
$499,900
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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