Reply To: Help! Purchasing my first laundromat

[Sandy Keating]

Hi, my initial thought is that the laundromat sounds like it’s already implemented many updates and has relatively new inventory. Maybe wait until a more dated one becomes available and look at other parts of town or a close by city as well. If you don’t see ways to create more cash flow and you don’t want to offer the wash and fold service and you can’t negotiate a better deal I would hold off. Unless you provide a service that isn’t being utilized like drop off and delivery. In which case you could just do drop off and delivery and have that be your niche. Whatever you decide, best of luck to you.