I am currently looking to buy my first laundromat. I am still early in the process and found a promising option. My one concern is the listing shows the current lease is month-to-month and the landlord will negotiate a new lease with the new owner. Is this an immediate red flag or does it just requirement to confirm my due diligence more? I’ve always seen that you should look for a lease with at least 5 years with options to extend. Thank you all in advance.
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