Laundromat Resource › Forums › New Member Introductions! › Super New Guy

last updated by Dan Arnett 5 years, 1 month ago
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    • March 7, 2021 at 12:14 pm #4573
      Robert Shortsleeves
      Participant

        Hey everyone. Just wanted to say hi and introduce myself. I’m an active duty Soldier out of Ft. Bragg, NC but I’ll be getting out within the next couple of months. I’m a pretty active real estate investor and feel pretty comfortable so I’m looking for something to make me less comfortable. I do a lot of direct to seller marketing and now have two laundromats we’re looking at. I’m trying to dive in and learn how to evaluate a laundromat. I’m learning it’s not that easy if the seller does not have a P&L, Wish me luck. 🙂

      • March 10, 2021 at 1:44 pm #4613
        Dan Arnett
        Participant

          First of all, thank you for your service. Us civilians appreciate it and you more than you will know.

          Second, one of the tools that I wish I was aware of when we were evaluating a year ago is to look at the old water bills. Most municipalities will give you water consumption per month over the last year or so. You can use that with consumption of machines to back into expected revenues in a way. The IRS actually has a document somewhere that gives the process somewhere. I think it was linked here in these forums not too long ago if you look a bit. There is also a fairly pragmatic fella on YouTube that explains how he does it (Following Keenan) as well as some others.

          Best of luck with your hunt.

        • March 10, 2021 at 1:46 pm #4614
          Dan Arnett
          Participant

            Here is said link compliments of Jay…..

            https://www.powerhomebiz.com/blog/wp-content/uploads/2006/06/laundry.pdf

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        Laundromat Resource › Forums › New Member Introductions! › Super New Guy