Laundromat In Toronto

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Toronto Laundromat Services.

• Toronto Laundromat Services

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Step 1

• There will come a time in every coin laundromat
  owner's future when moving on and pursuing other
  endeavors is the right thing to do. Regardless of
  your reasons for selling, if you have managed
  your business well, your coin laundry could be a
  substantial asset.

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Step 2

• However, if you've poorly managed your store,
  don't have an accurate set of financial
  information, and haven't planned for the sale far
  in advance, the value of your business could be
  negatively impacted. Despite what some might
  think, the time to plan for selling your store is
  not the day you list it for sale, but rather, the
  day you buy it.

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Step 3

• The one question that you should be asking
  yourself is, "What are the things that I can do
  now to maximize the value of my Laundromat in two
  to three years?"
• To answer that question, here are three steps
  that you can do today to help you maximize the
  value of your coin laundry.
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Toronto Laundromat Services

• All businesses that make a profit are valued
  based upon a multiple of net income. This
  multiple, in the coin laundry business, I call
  the SVM or Store Value Multiplier. This is equal
  to the value of the store divided by its average
  net monthly earnings before debt service, over a
  12-month period, usually the most recent one. To
  calculate the SVM without knowing the value of
  the store, one must look at several criteria
  including, multiplier base, lease, equipment,
  competition, demographics, amenities, and overall
  coin laundry market. By adding or subtracting
  from the multiplier base, an adjustment for the
  other factors, you can arrive at the SVM. The SVM
  has a range anywhere from 0 to as much as 75, but
  usually ranges from 40 to 60.
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