Laundromat Resource Forums Financing Financing mix for a new mat? Reply To: Financing mix for a new mat?

Mitch Brunette

    Hi Chris,

    While I really don’t know as a current newbie getting started, I’ve run numbers on 5 locations with varying down payment amounts and have found the mats that are more attractive (even if outside my budget) work with 20-25% down while achieving nice cash on cash returns. Additionally by leveraging more as you mentioned with low interest rates, depending on your goals, you can build some pretty nice reserves which is what our plan will be as we continue to consider and pursue opportunities. With all that said, this is all based on buying an existing location for sale versus the build out model. Best of luck!