Laundromat Resource Forums Laundromats Negoiating CAMs Reply To: Negoiating CAMs

Jason Dodge

    You can always ask to see what the actual CAM is. They need to be able to prove their numbers. Then call around to see if that is similar to other equally sized locations. I looked at a fully attended laundromat that was for sale in a strip mall that the seller owned and the sellers P&L had no payroll in it. When I questioned it they said the attendants were employed by the strip mall. So dude had all his tenants of the mall paying his payroll in his laundromat. They were all in his CAM, this had a very shady feeling to it. And of course he is basing the selling price off of no employees. This is just unethical in my book.