Reply To: Buying and Operating Out of State Laundromates

[Danny]

I’m just a newbie but if you can go there at least once every 2 weeks and you can find someone reliable to work there and keep an eye on it, then I’d say go for it, provided the numbers check out. Make sure the camera security system is working properly, and if there are coin machines, make sure they are secure. I’ve seen some owners resort to having custom built frames to prevent thieves from drilling.