WHEN IS THE BEST TIME TO SELL MY BUSINESS?
The best time to sell is when a Laundromat is doing well and has good visual appeal. Although almost every Laundromat can be sold, if you wait until the lease is almost gone or you’ve let the equipment fall into disrepair, it will make a sale more difficult and the selling price will suffer.
WHY NOT SELL THE BUSINESS MYSELF?
Most owners find that dealing with
buyers and all their issues including
financial qualifications, financing
options, analysis of business records
and negotiating an offer to purchase
can be very frustrating. Working with
all of the telephone calls, questions,
forms, disclosures, escrow issues,
inspections, lease assignments and
income verification issues can be over-
whelming. If you choose to sell your
Laundromat yourself, you could be
joining a long list of owners who’ve
sold their Laundromat for
of dollars less than they could have
received by listing with a professional. Selling a Laundromat and avoiding mistakes leading to lawsuits is a specialized skill.
I HAVE PROBLEMS WITH MY LAUNDROMAT
Problems, such as landlord lease issues, partnership breakups, tax consequences, worn-out equipment, non-compliance with zoning, health, A.D.A. or other regulations can generally be resolved with proper professional help.
CAN WE GET TOGETHER AND TALK?
Yes. Even if you are not certain you want to sell at this time, spending an hour with me could give you a feel for the problems you will face in a sale. I am available for a free appointment to discuss any of the issues discussed above or to list your Laundromat.
WHY DO OWNERS SELL THEIR LAUNDROMATS?
Owners sell their Laundromats for reasons stemming from retirement, partnership disputes, personal relocation, family concerns, the desire for change, illness or to enter another business venture. The sale of your business is an important time in your life and you owe it to yourself to place the same type of energy into the selection of your broker as you do in operating your business.
Brokers with a history in the business and associated with an equipment or supply business tend to have the most contacts. They also have a high level of success in selling to existing Laundromat owners or to those buyers who feel more comfortable that the broker will remain active in the industry available for assistance after the seller is gone.
WHAT CAN LARRY LARSEN LAUNDROMAT BROKER DO FOR ME?
The function of Larry Larsen Laundromat Broker is to help Laundromat owners successfully sell their business. I have the knowledge, proven results and determination to exceed your hopes in this area. I am available at every point in the sales process and will help you to reach informed decisions. I will provide insight when you decide on setting the right price to market your business. I want the process of selling your Laundromat to be as free from stress as possible.
Once you have selected a price, I will expose your business to the largest group of potential buyers in Southern California. Larry Larsen Laundromat Broker brings the professional real estate sales world, together with a forty year history in the Laundromat business. I can bridge the gap and give you the best of both worlds with
my willingness to share commissions and co-operate with all other licensed real estate brokers, even those brokers unwilling to reciprocate.
I will also submit your Laundromat listing to my large client base of satisfied customers, many of whom are pre-screened buyers looking for additional Laundromat locations, expose your business in local newspapers, my own website, a regional industry magazine, bizben.com and bizbuysell.com. When you list your Laundromat with Larry Larsen Laundromat Broker the listing has more than ten thousand opportunities to be seen by a potential buyer each and every day.
I will save you a great deal of time and the frustration of finding a buyer. You should concentrate on the task of running your Laundromat. I earn a commission only when I provide a ready, willing and able buyer and my fee is based entirely on the price paid by that buyer.