Anyone have experience with laundromats / lease takeovers?
I’m joining a friend tomorrow for a tour of a laundromat in Manhattan. He’s looking to take over the lease, and I’ll be bringing a real estate perspective to the visit.
Beyond reviewing lease terms, I want to be thoughtful about equipment and buildout considerations. For those who have evaluated or operated laundromats:
- What red flags should we look for in the space?
- Any must-ask questions about utilities, infrastructure, or landlord dynamics?
- Tips on assessing whether the location is set up for a profitable operation?
Appreciate any quick insights the community can share ahead of the tour.