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LAUNDROMAT
PRE-INSPECTION - WHAT TO LOOK FOR
Once you found one or more Laundromats that fit your buying
criteria, you should start planning for pre-inspection of the
premises, the equipment, lease and other factors listed on Before
You Buy a Laundromat. The following are must checks for a
prospective Laundromat.
Equipment Inspection
First you should set aside a few hours of your time and go to the
Laundromat on a busy day like Saturday or Sunday. You should see if
customers are happy with the machines they are using and you could
also ask them about their experiences with the equipment at the
location. You should test and try each machine and write down notes
on the model, serial number, etc. and see if they are in working
order. Washer Machines should be check for noises, length of cycles
and leaks. Dryers should be checked for proper temperature, bearing
problems, etc. It would also be a good idea to hire a commercial
laundry repairman to check the machines so you can have a clear idea
of what is actually being sold to you.
Vending machines such as snacks, sodas, arcades and others should
also be checked for functionality. Put money in each of them and
make sure they are in proper working condition as that is part of
the sale and your future revenues and expenses.
Check Plumbing
There is a great deal of plumbing inside a Laundromat and you should
not spare any expenses to make sure plumbing is in working order.
Hire a plumber to check for leaks, potential problems in the future,
etc. Make sure the copper connections are in working condition or if
they need replacement.
Water Heater
Write down the serial number and model of the water heater. Find out
when it was last serviced, how long has it been in operation. Do the
same for the water pump and make sure they are in working condition
or in need of future replacement. Water Heaters costs several
thousand dollars to replace and any deficiencies should be factored
into the final offer price. |
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