Laundromat Resource › Forums › Laundromats › Newbie looking for help with analysis (too good to be true?) › Reply To: Newbie looking for help with analysis (too good to be true?)
I agree that the lease and water are big issues. I plan on trying to negotiate a new lease. There hasn’t been anything said about water actually being included in a new lease but it is something that has crossed my mine as being a possibility.
Regarding labor, I received new numbers. There are two part time employees, an opener and a closer. The opener is paid $10 a day and the closer is paid $20 a day which amounts to $30 a day on labor. That adds up to 10,000 a year, which is significant and at least 5 times the amount stated on the P & L. I’m not too worried about that as I plan on working there myself everyday. What concerns me is that maybe there are other numbers that are skewed.
