The Willaford brothers should have some neat stories and maybe pictures as they are 3rd generation in the industry. That should be some good historical knowledge.
5x for a laundromat? No way. 5 years to get back to your break even point, add in the cost of retooling and you're looking at 8-10 years to actually see any profit.
Yeah, no way. Maybe 3x. I sold an e-commerce company for 4.5x that was doing 6 million a year, and that was considered way above average because it was highly profitable. 5x for a laundromats? I don't think so
In the condition these laundromats are in when these places are ready to sell they’re not worth a dime. A sucker will be the one to buy it for 5x and be stuck paying it off for the next 15 years with no profits and shitty equipment that has to be replaced.
That round table is a great idea. Make that happen.
The Willaford brothers should have some neat stories and maybe pictures as they are 3rd generation in the industry. That should be some good historical knowledge.
Just one Laundromat
5x for a laundromat? No way. 5 years to get back to your break even point, add in the cost of retooling and you're looking at 8-10 years to actually see any profit.
Yeah, no way. Maybe 3x. I sold an e-commerce company for 4.5x that was doing 6 million a year, and that was considered way above average because it was highly profitable. 5x for a laundromats? I don't think so
In the condition these laundromats are in when these places are ready to sell they’re not worth a dime. A sucker will be the one to buy it for 5x and be stuck paying it off for the next 15 years with no profits and shitty equipment that has to be replaced.