South Melbourne Laundromat

South Melbourne Laundromat — Cleaning · South Melbourne, VIC · Asking $600,000 · Revenue $624,000

Long-established laundromat in South Melbourne, closed Sundays Same owner for 13 years Surrounded by hundreds of apartments with no direct competition

DealProspect/Listings/Cleaning

South Melbourne Laundromat

Laundromat

ActiveCleaningVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$600,000

Disclosed · AUD

Revenue

$624,000

TTM

Earnings

—

Implied multiple

—

Brief

Long-established laundromat in South Melbourne, closed Sundays
Same owner for 13 years
Surrounded by hundreds of apartments with no direct competition

How it compares

Laundromats in Victoria · asking prices

55% below past laundromats like it

Past laundromats like it ask a median 2.14× revenue. On its $624,000 revenue, that points to about $1,340,000; reads like this are typically within 30%, so $938,000 to $1,740,000. It asks $600,000.

Asking price: $600,00064% above the median of $365,000
Revenue: $624,000biggest of 9
Time listed: 109 daysno price change

Laundromats in Victoria

Laundromats for sale in Victoria (12) →

Listed

+5 in 30 days

Median asking

$365K

11 priced

Median revenue

$130K

9 disclose

Earnings multiple

1.6×

19 listings

Asking price spread11 of 12 state a price

This listing · $600K

18%

64%

18%

$100K–$250K$500K–$1M

Australia 22

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