We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.
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We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. It is important to realize that it is not so much the history of the business that establishes its value; but rather the confidence in the ability of the business to continue to perform over time; sufficiently for the anticipated return of investment.
Demographics is a factor which contributes to the valuation of a laundry business, because in the area of the business, there should be many apartments and or renters who do not have a washer and dryer inside or a part of their unit. Many successful laundry businesses are located in lower income areas, and they are supported by that community. The business should have ample parking, and I have found that many are successful in small shopping centers that have about 5-10 or so units, because large shopping centers do have ample parking, but are many times taken up by the anchor store or other businesses in the center.
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ServingSan Francisco Bay Area, North Bay, Central Valley
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingSouthern California
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ServingCity Of San Francisco
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
ServingSouthern California
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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