While most small business owners have to put in a number of hours every week to earn a return on their investment, those who own coin-operated laundries represent a segment of entrepreneurs who can be said to enjoy the benefits of 'absentee ownership.' But the prices for these businesses-also called "Laundromats"-- are higher in relation to gross revenues, compared to companies that require more owner involvement. Some ideas for the prospective laundromat buyer about what to pay, what to look for, and what to examine carefully are reviewed at how to buy a coin laundry article just added to the BizBen list of articles.
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About This Blog
Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, and business brokers.
This Blog contains observations, tips, news, events, and case studies relating to selling or buying a small business.
This Blog is ideal for business buyers, business owners, advisors, business brokers & agents.