Sellers should ensure there are no
issues with the water and electricity supply. A Laundromat depends
on these immensely, and will suffer financial loss if a problem is
overlooked. If there is any interruption in the supply of these
resources, contact the public utility companies.
It is important to fully inspect the
machines. You must replace or fix any machine that is not in working
condition. A buyer will not opt for a Laundromat which requires too
much replacement.
A buyer will not only check the
physical condition of the Laundromat, but will also look for any
legal issues associated with the store. Lease term, taxes,
partnership dissolution and zoning should be sorted out with the
assistance of a consultant. Any kind of dispute should be settled
prior to selling the Laundromat.
A buyer should seek help of a
consultant or lawyer to check all legal aspects before buying. The
records maintained at the Laundromat should be double checked. By
doing this, the buyer can quote a better price and will avoid
disputes in the future.
