oohotcarameloo
New member
Should I buy this laundromat.est. 20yrs, 1day&1night worker,current owner has owned for 1 yr,selling for 90k?
he says he has a security system that can be viewed via internet or smartphone.claims former owner wasnt running it correctly, so he bought it off him and renovated it.
owner willing to take about 70% down and finance the rest themselves. claims the 2 workers handle mostly all the work and he only visits the laundromat once or twice a month. claims he pockets 4-6k a month and is only selling to expand his liquor store which is right next store.
sounds alittle iffy.why would someone sell a business that profits so much with such little time investment? what can I ask from seller to prove income?
he says he has a security system that can be viewed via internet or smartphone.claims former owner wasnt running it correctly, so he bought it off him and renovated it.
owner willing to take about 70% down and finance the rest themselves. claims the 2 workers handle mostly all the work and he only visits the laundromat once or twice a month. claims he pockets 4-6k a month and is only selling to expand his liquor store which is right next store.
sounds alittle iffy.why would someone sell a business that profits so much with such little time investment? what can I ask from seller to prove income?