![]() In a direct mail campaign, you can again use the free letter template available in the Member Resources and Pro Resourcesto find a great laundromat deal. The third method of finding a laundromat for sale is similar to the Door Knocking method, without the actual door knocking. You can edit it with your information and put it in your voice. You can download a FREE template of the letter I use in the Member Resources when you join with a free or pro member account. It makes it much more likely they will remember me when they’re ready to sell. I leave it with them after our conversation. To make this even more likely, I always keep a stack of letters in my car that basically communicate the same thing as the conversation I have with the owner if they are there. But if you can maintain loose contact with them over time, you’re VERY likely to be the first person they come to when they are ready to sell their laundromat. However, obviously not every laundromat owner will be ready to sell when you show up on their doorstep ready to buy. I have personally gotten deals this way and I have many coaching clients who have also found great laundromat deals this way. Ask them if they are interested in selling their laundromat, or if they know anyone else who is.Tell them you’re interested in buying your first laundromat.Here are the basic things you want to try to communicate with a laundromat owner when inquiring if they’re interested in selling their laundromat. Again, your goal is to begin building a relationship with the owner, similar to your goal with brokers, in order to ask if they’re interested in selling their laundromat to you. If the owner is there, have a conversation with him or her. When you’re driving around town and you come upon a laundromat, pull into the lot and go inside to see if the owner is there. The concept is basically the same, though. This term is borrowed from the real estate investing world. Be the kind of person a broker will want to work with and build relationships with brokers to get the best deals sent your way before the underwear hunters see them! These are the kinds of people that brokers want to work with. What it is that you’re looking for (ie- price range, location, etc.).That you’ve done some homework and know something about the laundromat business (no need to be an expert though).So, in order to have the best chance of getting on a broker’s investor list, you’ll want to try to demonstrate three things. That’s what you’re finding on the couch in your underwear. If no one on the investor list buys the laundromat, then it ends up on these generic small business listing sites. Those investors get the first crack at the deals. That broker compiles the relevant information from the owner, packages it up, then sends that packet of information to their list of investors who are serious buyers. A laundromat owner enlists a broker to sell their laundromat. The purpose of building a relationship with them is to get on their investor list. When you find these brokers, reach out to them via a phone call or email and introduce yourself. These brokers are the gatekeepers to the majority of laundromats that will be sold, so getting to know them and letting them get to know you GREATLY increases your chances of finding a laundromat deal. Your primary objective is to find out what broker or agent is listing these laundromats. However, your primary objective is not these laundromats. The more you do this, the more likely you are to recognize a great deal when one comes across your desk. ![]() ![]() But, more importantly, it gives you good practice analyzing deals, familiarizing yourself with the numbers they are giving you, and understanding the relationship of those numbers to the value of the laundromat. Who knows, you may find a diamond in the rough in there. I always recommend that you check out those laundromats and analyze them. I’m pretty sure you know what I’m talking about. They will have a laundromat category that will probably display some laundromats for sale. What will likely pop up at the top are small business listing sites that list all kinds of different small businesses for sale. The first step is to do something probably all of us have done: search “Laundromat For Sale Near Me” on Google (or whatever search engine you prefer). This puts a twist on your typical couch-in-your-underwear hunt that takes it to the next level and makes it FAR more effective. I call the first way to find a laundromat deal the Google Secret. That’s what this article is all about! Let’s dig into the three BEST ways to find a good laundromat deal. However, before you can buy a laundromat, you have to find a good one worth buying. I recorded a video on how to buy your first laundromat that you can watch below. ![]()
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