the other day that the majority of new laundromats fail in the first 3 years due to equipment finance costs. Sounds like the manufacturer then buys that machines back for pennies on the dollar and resells the whole laundromat with machines to a new owner. Great deal if you’re the second owner or manufacturer, but very scary if you’re the first. Has anyone here had similar experiences with new or used machines? i.e., is margin that much better on used machines? What if you need to upgrade your machines after a few years? Does the same thought process apply?
Thanks!!
Chris
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