Saturday, August 7, 2010

Is there a certain "best" time of the year or in the operational cycle to sell a Laundromat?

When it comes to seasonality, the best times are usually after winter season as that is traditionally the busiest season of the year and one can show the business at it's peak. It usually takes 2-3 months to close a Laundromat sale and assuming the sale will take in the summertime, it will also be best since summertime tend to be slower in terms of business because of warm weather.

As far as in the operational cycle, the best time to sell is when the business is doing well and looks in it's best condition. Appearance is 50% of sale, if it looks in top condition, buyers will pay special attention. Another important factor is to make sure you have enough time in the lease and the equipment is in good condition. Nothing worse than walking into a Laundromat that has half a dozen "out of order" tags on them.

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