Hi,
So I’m looking at a laundromat for sale in a very wealthy neighborhood, they all for the most part have housekeepers who do their laundry in house with their own machine. There’s like one apartment building near by though. The owner claims 70% of its income is pick up and drop off and 30% self service. He also said some of the housekeepers from the wealthy residents sometimes come to do some laundry for those residents not sure why… I’ve looked at the P and L and it looks like a pretty good investment. My question really is do I need to be concerned about the demographic and location if I’m looking to grow this thing ?
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