Laundromat Resource › Forums › New Member Introductions! › New member introduction
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August 29, 2021 at 1:12 pm #6762
Hello laundromat resource! My names Leo, ive Been on the laundromat business desire for a few months now. Moreover, I currently found a semi run down laundromat that needs revenue to continue. I spoke with the owner and he’s willing to sell… he said to run my numbers and offer a reasonable price. Then we’ll talk. So I just want to stop by and ask. How would I know what the current value of the business is if I don’t have the past years docs…. Any advice is appreciated on what to do at this point.
Thank you! – Leo -
August 30, 2021 at 4:59 am #6763
Hi Leobardo, I have been searching for a couple of years. I have had 2 almost got them deals. I would say to begin with try not to get to attached to the store you are looking at. Try to step away and see all the pro’s and con’s. Use all the free evaluation sheets that are available at this site. When it comes down to it – there is not all that much to consider. #1 is the location (lease – purchase -infrastructure – competition ) #2 Is Equipment (age – function, – payment method – infrastructure quality ) #3 Current Income and Expense ( how much is it currently making or loosing – How much can it make or lose? – Don’t trust any info provided and verify independently ) Watch all the video’s and good luck!
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Laundromat Resource › Forums › New Member Introductions! › New member introduction