“How much is my business worth?”

Since 1993, when we began helping linen, uniform and facility services company owners sell their businesses, we’ve been constantly bombarded with that very question. Sometimes they might change it up with “What’s the multiple?” or simply “What’s the range?” But it’s always the same. They want to know how much their business is worth.

I try to explain to everyone who asks, including all the clients that we’ve helped sell, there is no magical number. There are a wide-ranging number of factors that go into calculating how much a rental laundry is worth, and ...