The listing
Coin laundromat with wash-and-fold service. Suburban strip mall, established location, owner retiring.
Listed on a public business-for-sale marketplace. Numbers below are the seller's stated figures. In the real issue we link the live listing and note which figures we could check against tax returns or bank statements and which we could not.
The numbers, as listed
| Asking price | $80,000 |
|---|---|
| Net to owner, per monthSeller's discretionary earnings, before any loan payment | $4,000 |
| Net to owner, per year | $48,000 |
| Implied multipleAsking price ÷ annual net | 1.7× |
| Reason for sale | Retiring |
| Includes | Equipment, lease assignment, transition period |
For context: small service businesses in this range typically list at somewhere between two and three times annual net. This one is under two. Partly that is the category. Partly it is what comes next.
What it currently runs on
- 01No websiteSearch "wash and fold near me" in this town and it does not appear. There is an unclaimed Google listing with the wrong hours.
- 02No online bookingWash-and-fold customers call the landline during opening hours. If nobody picks up, the order goes to the place down the road.
- 03Phone orders only, paper ticketsNo customer list, no order history, no way to message a customer that their order is ready. Nothing is automated.
What we would put in
- 01A one-page website and a claimed, correct Google Business ProfileHours, prices, a phone number, and an order button. This is the entire difference between existing and not existing for anyone under 50.≈ $0–20 / mo · one weekend
- 02Online ordering for wash-and-fold, with pickup and delivery schedulingLaundry-specific software does this off the shelf: customer picks a slot, pays by card, gets a text when it is on the way. Orders come in at 11pm, which is when people remember they have no clean clothes.≈ $60–150 / mo
- 03Card on file and automated text updates"Your order is ready." "Your driver is 10 minutes out." Fewer missed pickups, no chasing payment, and a customer list that exists for the first time.Included in 02, or ≈ $30 / mo
- 04Weekly recurring pickup for commercial accountsAirbnb operators, a gym, a salon, a small clinic. Same route, every week, billed automatically. This is revenue the current owner cannot take because there is no system to take it with.Uses 02 · sales effort, not software
- 05Review request after every completed orderOne automatic text. Three months later the Google listing has ratings, and the "near me" search starts sending people in.≈ $0–20 / mo
The arithmetic
As listed
Illustrative scenario
Every number in the right column is our assumption, not the seller's figure, and not a forecast. It is here so you can see the shape of the thing and argue with the inputs:
- 20 delivery orders a week is roughly three a day. If you think it is ten a week, halve the uplift.
- 50% margin on wash-and-fold after labor and supplies is a common range for the category. Yours will differ.
- We held the multiple flat. Businesses with online bookings, recurring commercial accounts, and a customer list tend to attract more buyers than ones that live in the owner's head. We do not put a number on that. It is the other half of the flip.
What we would check before making an offer
Two years of bank statements against the stated net. The lease: how long is left and whether the landlord will assign it. The age of the machines and what replacing the oldest ones costs. Whether "net to owner" includes the owner's own 40 hours a week behind the counter, because if it does, that is a wage, not profit.
That is the whole email. One of these, every week.