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Laundromats (Coin & Card)

The 3 anchors. Don't leave the meeting without them.

1THE PRICE
3.2x–4.2x (well-run; 2.5x–3.5x for average; below 2.5x for poorly documented)
Typical deal: $275K
2THE LEVER
Card/mobile payment system with auditable transaction records
Push this up, multiple goes up
3THE LANDMINE
Coin-only with no digital revenue tracking
Surface this in the first 15 min
SDE multiple
3.2x–4.2x (well-run; 2.5x–3.5x for average; below 2.5x for poorly documented)
EBITDA multiple
4x–6x — NOTE: EBITDA multiples appear higher than revenue multiples because laundromats carry very high EBITDA margins (35–45%). Revenue multiples of 1.5x–2x look lower, but the underlying EBITDA multiples of 4x–6x are normal for high-margin businesses. The combination is NOT an anomaly — it reflects the asset-light, low-labor model. A 'low' revenue multiple on a 40% EBITDA margin business equates to a reasonable earnings multiple.
Deal size range
$100K – $2.5M (multi-unit or RE-included)
OPEN

Open the meeting

Three things to nail in the first 10 minutes.

  1. 1

    Well-run laundromats trade at 3.2x–4.2x SDE; the card/payment system is what makes revenue verifiable.

  2. 2

    EBITDA multiples of 4x–6x — EBITDA margins of 35–45% mean a 'low' revenue multiple (1.2x–2.2x) is actually very reasonable.

  3. 3

    BizBuySell median asking price data shows 1.5x–2.2x revenue multiple — don't confuse low revenue multiple with low value.

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