Sunday, August 8, 2010

Finding a Laundromat to Buy


Once you have an idea of the size of Laundromat you would like to buy, the next step is to start looking. The best place to search for Laundromats are usually newspapers and online business to business websites. And from there you can start getting an idea of what is in the market and what to expect.

Another efficient way to find Laundromats for sale is by going to a Coin Laundry broker. But do your due diligence on the brokerages, research their reputation by contacting the Better Business Bureau, look for comments online, ask other Laundromat owners. Unfortunately there are many unscrupulous brokers who are in the market to make the most money without the interest of the buyer at hand. Always have a third party advisor like a consultant and a lawyer in addition to any broker.

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