In the first months of 2017, many business investors are looking for ways to diversify their business holdings and increase their profits. Smart investors know that laundromats are a smart choice to add to their business portfolio. Why? Because a laundromat is virtually recession proof - we all need clean clothes - and requires less…
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Avoid These Mistakes When Signing Your Laundromat’s Lease!
Previously we discussed the importance of understanding the common commercial lease types and what they mean for your responsibilities as a business owner. We also discussed the importance of finding a landlord that understands your goals and needs as a laundromat owner. You can find our previous post here. For the past 40 years T…
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Tips for Negotiating a Lease for Your Laundromat
So you've decided to purchase a laundromat or to open your very own coin operated laundry. Congratulations! Laundromat ownership is one of the best ways to run a low risk, profitable business. Now that you've found the perfect location for your shiny new business, let's talk about the number one thing that causes problems for…
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More Mistakes to Avoid When Setting Business Goals
Today, we're continuing our blog series on mistakes small businesses make when setting goals for the new year. We've established that being able to support those goals through financial or staff support is critical to your success. Read our previous post here. When setting your goals for 2017, if they include new equipment for your…
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