Are you ready to get into the Coin Laundry business, but don’t know where to start?

Looking to buy a Laundromat, but having a hard time finding one where the numbers make sense?

Do you already own a Laundromat and would like to increase your cash flow?

If you answered yes to any of these questions, you need to get the Own a Laundromat Teleseminar CD set!

Want to know more?   Listen to a recent Interview I did with Fred Gleeck about Laundromats. Approximately 15 minutes

Investors, Entrepreneurs, & Owners,

While it is true that the Coin Laundry business is a simple one, don’t be fooled by its simplicity.  Just like any business, there are ins and outs of this business that you must know, before you buy a store, or it could cost you.  Big Time!  And I am not just talking about your time either, I’m talking about cash.

You see, there are many fine points that one must look at when evaluating a Laundromat, everything from the P & L Statement, to the utility bills, from the Demographics, to the Competition.  Proper Due Diligence is a must!  When you purchase a self-service laundry, the purchase price is determined by a multiple of the Net Revenue per month.  Nationally, this “Multiplier” starts at 50 times Monthly Net Income.  Then there is several “adjustments” that you make to this multiplier, plus or minus, based upon factors which include the Lease terms and length, the equipment age and condition, the competition, and so on. 

If as a perspective store owner, you are told the monthly Gross Income is say $9,000 and the Expenses are $5,000, then the Net Income is $4,000 a month.  If the store multiplier is equal to 50, that would equate to a $200,000 Laundry.  But remember, this is an all cash business.  What if the owner is wrong about the Gross Income and overstated it by just $500 per month and then “forgot to mention” an expense or two which added up to another $500 a month?  Suddenly, this Laundromat that you thought was making $4,000 a month is now only Netting $3,000 a month.  Moreover, besides the loss of the $1,000 cash flow that you are not receiving, the true value of this business is not the $200,000 you thought, but rather, $150,000 or $50,000 less.  If you paid $200,000 for the business, guess what you got taken to the cleaners.  Ouch, that hurts.

Don't forget about the Lease Negotiation.  It is one of the most important documents you will have.  A great lease will leave you feeling secure about the future in that location.  You need to beware, however, of the common tricks building owners will try to get you to sign off on or you could wind up working for the Landlord!

In my “Own a Laundromat Teleseminar” course, you will learn about all of this and much, much more.  The class is very intensive and I have had several students successfully find and purchase Coin Laundries with the information provided in the course. 

The class covers step-by-step techniques to find the store that is best suited to your cash flow needs.  I walk you through the purchase agreement and teach you how to do the demographic analysis. We cover so much in this class that you will be able to get into this business with the confidence of knowing what to look for, and more importantly, what to look out for.

Like I said before, this is a real business, and like any, you need to treat it like one. You would not open a restaurant if you didn't know the first thing about running one and you shouldn't buy a Coin Laundry until you understand how this business works either.  The “Own a Laundromat Teleseminar” on CD will give you the education you need to be successful in this business.  If you are serious about wanting to own a Laundromat, then you owe it to yourself to get this course.  Don't buy a store without first learning about this business.

Existing store owners, you’re not left out either, although the class is geared more towards finding and purchasing a store.  The information provided may just help you expand your growing empire.  In addition, we spend an entire session talking about how to better structure your business to reduce your taxes, marketing techniques to increase your cash flow, and training for your staff.

Topics covered:

·        The best ways to find Laundromats for sale

·        How to quickly analyze the deal

·        The purchase process, what to expect

·        Negotiating the Lease

·        Evaluating the income of the business

·       Increasing your business

Course Content:

Session 1:

   Introduction of Brian Brunckhorst and How he Got Started in the Coin-Laundry Business

   Economic Analysis of a Store

   Profit & Loss Statement Case Study

Ø      3 Types of Income

Ø      2 Types of Expenses

   Pros and Cons of Building a New Store

   Pros and Cons of Buying an Existing Store

   7 Steps to Finding the Right Laundromat for Sale

   5 Things to Check When Pursuing a Coin Laundry

   4 Things to do First, Once You Find a Laundromat Worth Buying

Session 2:

   What a Laundromat's Value is Based On

   The Most Common Store Multiplier Range

   Return On Investment (ROI) Calculations based on Multiplier

   Turns Per Day TPD and why it is Important

   Quick Formula for # of machines needed to generate the cash flow you want

    Best Locations for a Laundry Mat

   Analyzing the Neighborhood Demographics Including:

Ø      The Important Information in Demographic Study

Ø      8 Steps to Computing Total Coin Laundry Business in a Neighborhood using the Demographics

Ø      Demographic Analysis Case Study

Ø      Alternative Method for Calculating Total Coin Laundry Business in a Neighborhood

Session 3:

   The 12 Steps to Calculating a Laundromats Store Multiplier

   Sample Multiplier Adjustment Table

   Multiplier Adjustments Case Study

   How to Ask for and Get an Equipment Cost Deduction

   4 Most Common Financing Options

Session 4:

   Working With a Broker, Who the Broker Really Works For

    The Purchase Agreement Form, What it's Called & Where to Find it

   The 22 Things Every Purchase Agreement Should Contain

   The Purchase Process, 10 Steps you should be aware of

   An Overview of the Coin-Laundry Lease

   Top 17 Things to Negotiate into your lease

   Step-by-Step Instructions to Perform a Water Analysis

   The 8 Must-Do's in the Due-Diligence Process

Session 5:

   How to Determine the Best Equipment Mix for a Store

   Top 4 Benefits of Remodeling Your Coin Laundry

   The 17 Basic steps to the Remodeling Process

Session 6:

   Entity Structuring For Maximum Protection and Tax Savings

   Operations of a Coin-Laundry:

Ø      Deciding Whether or Not to Open 24/7

Ø      11 Must-Have's Regarding Staff

Ø      6 Things You Must Know About Collections

   Top 10 Marketing Ideas That Will Put Extra Cash In Your Pocket

Listen, you don’t have to take my word for how great this class truly is.  Check it out for yourself without any risks with my 100% Money Back Guarantee:

The course includes:
6 Audio CDs, plus 1 CD with the Outlines for each session.

Cost: $297, plus $15 shipping and handling. 

Please allow 5 to 7 Business Days for Shipping.

          "Own A Laundromat Teleseminar” on CD

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