First time player in the game of buying a business or anything other than the 9-5er but I see the laundromat business as a fine investment tool and strategy. I did the google search for laundromats for sale around me last week and found one about 15 minutes away. The broker called me the day I requested more information and told me he was working with a potential buyer and were going through the due diligence phase but would keep me on his call list in case it didn’t go through with his current potential buyer. Today, about a week later, he called and said the deal fell through. I talked to him for a few minutes, asking questions and ended up setting up a meeting at the site tomorrow. I’ve been listening and learning as much as i can the last few weeks on how to do one’s best due diligence but am super open to any warnings or things I should look for in a seller OR a broker. I’m assuming the best from all parties involved but want to make sure I’m not wearing any goggles.
Looking forward to getting to know and learn from everyone here!
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