Coin Laundries Pack a Value Punch
Darren Mize, ASA / October 14, 2020
While small and simple, these businesses pack a “value” punch averaging 3.36 x SDE.
Why the high multiples?
- Recession proof: even in a down economy, people need clean clothes
- Requires one employee: the owner
- Minimal management: emptying coin slots and keeping the place clean are the only responsibilities
BOTTOM LINE on VALUE DRIVERS: Keep equipment running efficiently and up to date are the keys to maximizing value.