I have noticed in Florida large distributors are building laundromats in conjunction with investors. Is this common across the country or just a Florida thing? Anyone have experience with these type of operations? For instance, Statewide Laundry seems to offer new builds for 500k-1MM or so. I am guessing pros are everything is brand new, but cons are no built in customer base. I am wondering what the risk / reward profile is for these vs. existing mats. Anyone know?
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