Pick the Right Seller — Use our Deal Scorecard to filter listings in minutes.
Start the Conversation — Word-for-word scripts to message laundromat owners.
Present a Profitable Offer — Our editable Deal Calculator and LOI templates.
Eliminate Red Flags — Know what to avoid before you sign.
Close With Confidence — Everything you need to legally secure the deal.
Cash Flow Day One — How to activate income before your grand opening
Pick the Right Seller — Use our Deal Scorecard to filter listings in minutes. Start the Conversation — Word-for-word scripts to message laundromat owners.
Present a Profitable Offer — Our editable Deal Calculator and LOI templates. Eliminate Red Flags — Know what to avoid before you sign.
Close With Confidence — Everything you need to legally secure the deal. Cash Flow Day One — How to activate income before your grand opening
Yes. An LLC (Limited Liability Company) helps protect your personal assets from business liabilities. You should set it up before signing contracts or leases. It also allows you to open a business bank account and legally structure ownership.
Asset Purchase: You buy only the equipment, lease, customer list, and brand not the seller's business entity. This limits your exposure to past debts or lawsuits.
Stock Purchase: You buy the entire business entity, including liabilities. This is rarely recommended for laundromats unless you have a specific legal/financial strategy. Pro Tip: Stick with asset purchases unless advised otherwise by an attorney or CPA.
Yes, 100%. Commercial leases can be tricky. An attorney can:
- Clarify responsibilities for repairs and taxes
- Spot hidden clauses that raise your risk
- Help negotiate better terms like exclusivity or early termination
It depends. Most leases don't have a built-in exit clause. You should negotiate one before signing:
- Ask for a 'business failure clause' (termination option if revenue drops significantly)
- Ask for a limited personal guarantee (12 months max)
Requirements vary by city and county. You may need:
- General business license
- Sales tax certificate (if selling retail or vending)
- Water/sewer compliance
- Occupancy permit from the city
Its up to you. Employees do not automatically transfer. You can:
- Hire them fresh under your company
- Or release them entirely
Important: If you retain staff, use new employment agreements.
That’s why you do an asset purchase. In an asset sale, the seller keeps their debts. Still, your attorney should:
- Request a tax clearance certificate
- Confirm utility accounts are clear before closing
Yes. You should have:
- General liability (slips, injuries)
- Property insurance (fire, flood, equipment)
- Workers' comp (if hiring employees)
Have your policy start on the day of closing.
Yes. Seller financing is a private agreement. You don’t need a bank, but you do need:
- A promissory note
- A signed purchase agreement
- Clear payment terms (interest, schedule, penalties)
Make sure it's legally binding and reviewed.
- Purchase Agreement (Asset Sale)
- Bill of Sale (proof of transfer)
- Lease Assignment or New Lease
- Promissory Note (if seller financed)
- Resale Certificate (if collecting sales tax)