I have decided that I’d like to own a laundromat within the next five years. I work a full-time job now and have about 15 more years to go before even thinking about retiring. I’ve located at least four laundromats in my area that I plan to visit. I’d like to see if any of the current owners have an interest in selling their business within a few years. I’d like to learn the daily routine of running the business to see if it’s something I could do.
Does this approach seem feasible or should I approach it differently? How and where does one begin to learn about the reality of the business without knowing anyone who is involved in it personally? I suppose I’m looking for a mentor or a hands-on opportunity. I don’t want to jump into such a large investment without first having a firm understanding of it. Everyone has to start somewhere….
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