frequently asked questions - The DVD answers them ALL!


I.      Why Laundromats?
  • - Economy
  • - Cash flow
  • - FREEDOM

II.      Do YOU have what it takes?
  • - Time
  • - Money
  • - Experience
  • - Common sense vs. business sense
  • - Bravado, Audacity, hutspa, Gravitas... GUTS!

III.      Store Scouting
  • - New Build vs. Existing location
  • - Location
  • - Store's location in relationship to your location
  • - Store's location in relationship to demographic
  • - Security
  • - For you
  • - For your store
  • - For your customers
  • - Store's layout
  • - Signage
  • - Sq Footage (size matters)
  • - Key leading failure indicators (some stores should die)
  • - Current Owner's position
  • - Competition (all of the above applies)

IV.      Distributors
  • - What to look for
  • - What they are looking for in you

V.      Lease negotiation
  • - LOI (how to make this tool your crowbar)
  • - Price per Square foot
  • - Abated rent and Gross rent
  • - Consideration(s)
  • - 15 year minimum (offer 20 - at stand still)
    (The inevitable "Vanilla" threat)

VI.      Equipment
  • - Stick to one brand
    Huebsch, Speed queen, Maytag, Dexter, ADC
  • - New vs. Used
  • - Financing vs. cash purchase
  • - Changers
    How many
    Placement
    (simple) Tricks of the trade
  • - Folding

VII.      Income
  • - Coin Washers/Dryers
  • - Coin Vending / owning vs. %
  • - Coin Gaming/ owning vs. %
  • - Toys / candy (wear n tear)

VIII.      Maintenance
  • - Machines will break down
  • - Do it yourself vs. a distributor vs. a "repair man"
  • - Parts
  • - Hiring a full time or salaried maintenance person

IX.      Advertising
  • - Internet
  • - Telephone
  • - Flyers
  • - W.O.M.
  • - Conventional vs. Gorilla

X.      Store operation
  • - 24 hour vs. scheduled
  • - Attended vs. unattended
  • - Coin vs. Card
  • - Security
    (Wi-Fi driven cameras)
  • - Amenities
    Wi-Fi Connection
    Air conditioning / Heating
    Television / cable
    Seating

XI.      We are in the business of what?

XII.      YOUR Exit Strategy?


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