Laundromat Resource › Forums › Laundromats › Researching Possible 1st Laundromat – Quick Lease Question

last updated by Alex Alleva 3 years, 12 months ago
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    • April 7, 2022 at 9:40 pm #15447
      Matt Grabowski
      Participant

        I am currently looking to buy my first laundromat. I am still early in the process and found a promising option. My one concern is the listing shows the current lease is month-to-month and the landlord will negotiate a new lease with the new owner. Is this an immediate red flag or does it just requirement to confirm my due diligence more? I’ve always seen that you should look for a lease with at least 5 years with options to extend. Thank you all in advance.

      • April 14, 2022 at 8:31 am #15483
        Alex Alleva
        Participant

          It’s definitely alittle weird that the current owner is operating on a month to month basis but it could be good for you. Kind of sounds like you don’t need to really buy the business, just negotiate a lease with the landlord. Kind of like what Danny D’Angelo preaches.

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      Laundromat Resource › Forums › Laundromats › Researching Possible 1st Laundromat – Quick Lease Question