Speed Queen Financial Services is available to support your acquisition related financing needs. Local Speed Queen distributors will be your resource for listings on existing laundromats for sale in your market. If you are an existing laundromat owner with Speed Queen, please contact your Speed Queen distributor to discuss the next steps. If you are interested in purchasing an existing store and need to find a Speed Queen distributor in your area, please click the distributor locater in the upper right-hand corner. We will work in conjunction with you and your distributor to support your financing needs.
Acquisition – Finance up to 70% of the valuation of your target laundromat. Value of the laundromat is based on a detailed analysis of the utility bills, trailing twelve months EBITDA from Profit & Loss Statement, and tax returns of the laundromat. Laundromats typically are valued at three to five times trailing twelve months EBITDA. We recommend that all buyers work with a local accounting or financial professional in making their decision to purchase.
Acquisition & Retool – Finance the purchase of an existing location with the purchase of Alliance branded equipment. Finance amount to be determined on a case by case basis for qualified customers.
| From the buyer: | From the seller: |
|---|---|
| Credit Application | Laundromat Profit & Loss Statement |
| Personal Financial Statement | Laundromat Utility Bills (3 months) |
| Bank statements & Investment Acct Statements | List & Age of Existing Equipment |
| Personal & Corporate Tax Returns | |
| Purchase Contract | |
| Copy of the lease |
Contact a Speed Queen representative to discuss Acquisition Financing options.
