Reply To: Hello from Canada

[Tim Cheung]

Ok, I found a laundromat in my neighbourhood that is up for sale.

I contacted the Real Estate Broker for some additional information and signed my first Non-Disclosure Act document.

I figure even if this doesn’t work out, it’s good practice to look over the information package and get my ducks in a row based on the advise from Jordan on valuation to get into the habit of what to look for and compare information in whether or not at face value it’s worth it to purchase. If on paper it looks ok, then the real due diligence starts.

Am I ready to purchase a laundromat ? Is anybody ever ready ?

The premise is the more I do this, the better I will become in doing my due diligence when valuating a laundromat that I am interested in purchasing.