Coin Laundries Pack a Value Punch

Darren Mize, ASA

While small and simple, these businesses pack a “value” punch averaging 3.43 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.