3 Tahoe Area laundromats in South Lake Tahoe, Ca, Carnelian Bay, Ca, and Truckee, Ca. under one brand. Extensive wash and fold for customers.
Newer machines and remodels. Ample parking. Long-term Leases.
Absentee owner. Employees run the business, and owners need very little time to manage. Steady growth year over year.
Prefer to sell all three laundries together as listed, versus one-off sales. Only serious and qualified buyers, please reach out. The business is expanding its home services to become a one-stop shop for short-term rentals in the Tahoe Region.
We are asking a 7x multiplier because of the delivery software and infrastructure, brand name across the region, steady growth, management structure, remote management capability, ample parking, newer machines, long leases with options to extend, and truly absentee owner-run that easily transfers to a new owner. The value of this laundry is a 9x Net Annual income of $550k, but being offered at a steal of a deal of a deal of 7x Net Annual Multiplier. The Tahoe market only continues to grow, and the business continues steady growth with it.