Saturday, August 7, 2010

Selling Your Laundromat Operation


Are you in the Coin Laundry Business and are thinking of selling your business? Here are some of the questions and answers to most common questions when it comes to selling a Coin Laundry Operation.

Should I sell myself or choose a broker?

The benefit of selling a Coin Laundry Operation yourself is that you get to pocket more of the sales price by not paying a commission to a broker. However, one has to consider the expenses for advertising, issues such as financing, etc. By choosing a broker an Laundromat owner pays usually about a 10% commission on the sale but in turn one doesn't have to deal with the issues mentioned. The best is to try sell the business yourself first and then choose a broker as an alternative.

Sources: Laundromat123.com

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