Laundromat Resource › Forums › Laundromats › Acquisition – Need Advice! › Reply To: Acquisition – Need Advice!
February 13, 2021 at 5:25 pm
#4025
The strategy sounds solid. I like this BRRRR method approach. You can have the laundromat do a formal lease for its space and crank up the rent so it increases the value of the building as well. The rehab of the building shouldn’t take too long so doing the laundromat 2nd shouldn’t be an issue. When you say he is making $3000 to $4000 a month is that NET income or gross sales. People tend to get those confused, just wanted to verify that income stated was correct. Assuming demographics are good and competition is in check, I’d say go for it.
Jason
