M
Mr. V
Guest
Selling my laundromat in New Jersey, we're netting about $60,000 a year right now. ($145,000 - $85,000) What should I ask for it?
My real estate agent says buyers should get their return on investment in 3 years, meaning the most I can ask for laundromat is $180,000? Is that true? Does the Multiply by 3 year formula apply to every type of business. I need help please, I'm not in a hurry to sell I just don't want to take a loss. Thanks
My real estate agent says buyers should get their return on investment in 3 years, meaning the most I can ask for laundromat is $180,000? Is that true? Does the Multiply by 3 year formula apply to every type of business. I need help please, I'm not in a hurry to sell I just don't want to take a loss. Thanks