How do I show buyers what my laundromat earns?
Show laundromat income with evidence that agrees with itself: machine and payment-system reports, bank deposits that match collections, utility bills that track usage, separate lines for wash-and-fold and vending, and an honest account of your own labour.
Coin and card businesses make buyers cautious, because cash can be hard to trace. Some buyers doubt the income before they see a single page. The answer is not a bigger claim, it is better proof. If several independent records tell the same story, the buyer can believe it without taking your word.
Start with machine and payment reports
Card readers, coin counters and payment systems often keep their own records. Export them for a full stretch of months and keep them unedited. Buyers trust a report the machine produced more than a spreadsheet you built, so offer both and show how they connect.
Match deposits and utilities
Line up your collections against the bank deposits, month by month. Then compare utility bills with the pattern of use. Water and power should rise and fall with business. If the numbers move together, a careful buyer has a reason to trust them. If they do not, find out why before the buyer does.
Separate each line of income
Wash-and-fold, vending, drop-off service and self-service behave differently, and buyers weigh them differently. Show each on its own. Include your own labour honestly, including the hours you spend cleaning, repairing and collecting. A buyer will need to replace that work, and it is better that they hear it from you.
Let your accountant frame it
Ask your accountant how to present the figures and what adjustments are fair. Buyers often bring their own. The laundromat listing page covers where to find buyers, and the page on messy books helps if your records are uneven.
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Buying
Valuation
Brokers
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWhat are financial statements?
- 02Business Development Bank of CanadaGovernmentWhat is a confidential information memorandum (CIM)?
- 03Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 04Business Development Bank of CanadaGovernmentEquipment valuation: How to do it
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