Jamaica, NY
$1,750,000
Jamaica, NY
$1,750,000
Brooklyn, NY
$1,599,000
Brooklyn, NY
$450,000
Queens, NY
$435,000
Brooklyn, NY
$100,000
New York County, NY
$850,000
New York County, NY
$650,000
Suffolk County, NY
$250,000
REAL ESTATE INCLUDED
Buffalo, NY
$6,500,000
REAL ESTATE INCLUDED
Corning, NY
$115,000
Available Nationwide
$50,000
Kings County, NY
$110,000
Richmond County, NY
$1,100,000
Brooklyn, NY
$700,000
Staten Island, NY
$475,000
Craig Stacy
Sunbelt Business Brokers of New York and Florida
Serving Queens County, NY
Sunbelt Business Brokers of New York and Tampa are a licensed business brokerage agency and an established affiliate of SUNBELT, the world's largest business brokerage firm with offices around the world and established in 1983. Sunbelt Business Brokers has a strong presence in the Florida and New York markets. Sunbelt specializes in confidentially assisting owners of privately-held companies to value, market and sell their businesses, as well as representing buyers interested in professional assistance in their business searches. SPECIALTIES: Sell Side M&A Advisory, Business Broker, Business Valuation, Business Exit Planning, Business Acquisition Financing, SBA Loans, Buy a Business, Sell a Business, Florida Businesses for Sale, IBBA CBI, Certified Main Street Business Broker, Business Brokers of Florida
REAL ESTATE INCLUDED
Bronx, NY
$1,950,000
Staten Island, NY
$440,000
Forest Hls, NY
$659,000
Astoria, NY
$1,300,000
Bronx, NY
$3,000,000
Available Nationwide
$45,000
Jamaica, NY
$265,000
Schoharie County, NY
$495,000
Brooklyn, NY
$500,000
REAL ESTATE INCLUDED
Bronx, NY
$3,000,000
Poughkeepsie, NY
$180,000
East Meadow, NY
$390,000
Brooklyn, NY
$698,000
Bronx County, NY
$898,000
Bronx County, NY
$1,471,800
Available Nationwide
$100,000
Bronx, NY
$3,709,380
Bronx, NY
$1,345,344
Bronx, NY
$1,400,000
Bronx, NY
$2,200,000
Available in New York
$75,000
Kings County, NY
$1,200,000
Bronx County, NY
$2,999,999
Queens County, NY
$1,550,000
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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