Hi All,
I have a bit of a pickle I’d love to get some feedback on. I am currently speaking with a gentlemen who is open to doing a seller financing deal with me for his laundromat business as well as the real estate it’s in. He wants x amount for the business as it’s valued and x amount for the building that it’s appraised at. He still owes on his mortgage for the building. I am not sure what would be best in structuring this deal. I just want to be sure I have an exit strategy. Whether I sell the business and keep the building or visa versa. Any help would be appreciated!
This would be my first laundromat and am new to the scene. I have done due diligence on how to come to a valuation with a laundromat but if anyone would be able to take a second look and give me their honest opinion I would very much appreciate it. I can’t wait to be apart of the laundromat community!
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