Reply To: New Laundromat Location Dilemma

[Rony]

Hi Archie,

You are most welcome.

I defined the scope of kind of demographics I wanted to start a laundromat and posted this on “Upworks” (freelancing platform). Awarded works to a person who is based in Australia and had exposure to similar reports.

I was in the same path as you to look for lease before finance. And I ran in trouble.
Suggest sorting the finance before the lease.

Australian Banks are highly conservative and unless you are able to mortgage something, they will lend you nothing.
Distributors are horrendously expensive (unlike in USA).
The remaining option is private financers or your own cash.

Hope this helps.