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SERVICES

Broker Services

I have bought and sold laundromats in Southern California for over 40 years. I know this industry. If you want to sell your laundromat hire me today. I have a list of buyers waiting, right now.

If you are selling your laundromat, list it with a broker who knows the laundromat industry. If you are interested in buying a laundromat, find a broker to represent you who knows the laundromat industry. Not all brokers are the same. Even in the laundromat industry, there are brokers who will do the least amount of work they can just to get their commission. Your success in operating your new laundromat is not their concern.

If you are considering selling your laundromat and you want the best price, sold in the least amount of time, I am the broker for you.

Before you sign a contract with a broker, make sure that the broker will share his commission with other brokers. Get it in writing. Here is why. If a buyer comes along, and through his broker, makes an offer and is willing to pay your asking price or even more, your broker is going to have to “share” the commission of the sale with the buyer’s broker. Many brokers refuse to share commissions and would rather your laundromat stay on the market for MONTHS until a deal comes along that allows them to keep all of the commission.

You want it to sell. Your broker wants all of the commission, and you will wait until the perfect deal (for your broker) comes along.

 

Consulting Services

If you hire me as a consultant, I will provide a road map for a successful purchase or sale of your laundromat. As a consultant, I will collaborate with your broker or the broker of the other party. My single goal is to make sure you get the very best deal possible for your investment.  

Once you are the owner of the laundromat, together we will review every aspect of operations, equipment, vending prices, vending equipment like soda machines and soap dispensers, and coin changers to name but a few items. You will have a confidence in running your own business successful. That is my job!

How to Run a Laundromat Successfully ​

Running a laundromat is complex, challenging, and rewarding. Everything from marketing it to the public, setting the hours of service, setting up security for the laundromat, vending prices for wash and dry, determining prices for detergent, dryer sheets and the vending prices of soda and snacks; all of these demand the attention of the owner. Keeping the place clean, getting broken machines fixed, weekly collections of money, hiring and managing employees, are all part of a successful laundromat. As the owner, you must know the process of being a successful manager, employer, and a valuable business in the community. I’ve done this work myself, in my own laundromat, and I can help you do it successfully in yours.

 

Wash, Dry and Fold Inside Your laundromat.

Many people have no time to do their own laundry. They want to drop off their dirty clothes and pick them up nice, clean, and folded. You see laundromats offering a service called Wash, Dry and Fold or Fluff and Fold. Customers come in, drop off their laundry, they usually pay by the pound, and they get a drop off stub letting them know that their laundry is secure, and will be ready for pick up the next day by a certain time. Learn how to do this because there is a substantial margin of profit for this service. If you are an existing owner and do not offer this service you are missing out on a gold mine.

 Wash, Dry, and Fold Delivery Service​

This line of service is based on the Wash, Dry and Fold model done in your laundromat. It takes it to the next level. This level includes everything in the Wash/Dry/Fold process but now with a phone app system integrated allows  people to schedule a pickup of their laundry, laundry services and return delivery services. This involves more than a laundromat store, it involves the ability to be flexible in picking up laundry, cleaning it and delivering it back to the customer.  

Also, there are now companies which you can partner with that will work with your laundromat. Your part, wash, and fold the clothes. Their part, they will do the pickup from the customer’s home and delivery back to the customer’s home.

Lots of money to be made here!

Due Diligence Report

This is a detailed analysis of the laundromat you want to purchase. The goal of this analysis is to determine the true value of the laundromat you are considering to buy. Using my unique method of evaluating utility bills and reported income and other pieces of information, I will be able to determine if the laundromat’s monthly net income is accurate. This report will allow you to make a solid determination if you want to purchase or walk away from this specific laundromat. For someone who is considering a specific laundromat to purchase you cannot miss this step. This is really the only way to know if what you are paying for the laundromat is really worth it. 

​The Due Diligence Report is offered for a range of $4000.00 to $6000.00. A written report will be given to you. Each laundromat is a unique entity requiring a significant amount of time and expertise to evaluate. Whether you buy the laundromat or not, once the work is done, the Report given to you, you are responsible for the cost of the work.

Project Manager

Managing a rebuild of an existing laundromat or overseeing the construction of a new laundromat requires laundromat expertise, significant time and people management skills. When you rebuild an existing laundromat or decide to start from scratch and build to suit your own, you will need and want someone who knows the laundry industry standards as well as the application of those standards in the real world. Don’t just trust someone who is good at construction. Hire someone who can oversee those who have the skills to do the work of rebuilding or new construction and the installation of equipment so that the end product, the finished store is built for success. Success in all aspects involves considerations for the daily operations, staffing and customer flow, correct mix of equipment, issues of ingress and egress, and signage, just to name a few.  

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