Winnipesaukee Forum - View Single Post - Alton Laundromat

Airwaves · 10-05-2009, 01:16 PM

So if the sale price for the laundromat (including real estate) is $449,900 and the assessed price is $364,000 (assuming that is a fair market value of the real estate) then the business itself is priced at about $86K.

In the case of a seasonal laundromat I don't know if they would use the industry standard of pricing the business at 3 to 5 times gross to set the value or not but even if you assume that all they did was double the gross to price it out then that would mean the laundromat brought in $43K gross. (less if they used the 3 to 5 times method)

I don't know the tax, water and sewer rates in Alton and I don't know if the laundromat was attended and I don't know if it uses natual gas, propane or electricity.

I would guess that given those numbers that the property will be sold for about the assessed value the equipment auctioned off and something else will eventually go in there!

10-05-2009, 01:16 PM	#7
Airwaves Senior Member Join Date: Feb 2006 Location: I'm right here! Posts: 1,153 Thanks: 9 Thanked 102 Times in 37 Posts	So if the sale price for the laundromat (including real estate) is $449,900 and the assessed price is $364,000 (assuming that is a fair market value of the real estate) then the business itself is priced at about $86K. In the case of a seasonal laundromat I don't know if they would use the industry standard of pricing the business at 3 to 5 times gross to set the value or not but even if you assume that all they did was double the gross to price it out then that would mean the laundromat brought in $43K gross. (less if they used the 3 to 5 times method) I don't know the tax, water and sewer rates in Alton and I don't know if the laundromat was attended and I don't know if it uses natual gas, propane or electricity. I would guess that given those numbers that the property will be sold for about the assessed value the equipment auctioned off and something else will eventually go in there!