Laundromat Resource › Forums › Laundromats › Purchasing Laundromat with 11 years Left on Lease › Reply To: Purchasing Laundromat with 11 years Left on Lease
May 19, 2021 at 6:59 pm
#5662
They said they are not renegotiating? Asking for options isn’t a renegotiation. Are the terms in the current options all laid out? This is a tough one, you want to have a business for longer than 11 years in most cases. The equipment loan could be 10 years. You pay off the place and then the property owner wants to crank up the rent, it could happen.
