Most coin laundry and card laundry owners rent the building or store front that they occupy. Some laundry owners already own a building and then choose to put in their own coin/card laundry. Some laundry owners feel that they need to own the building that they put their store into.
If your intention is to rent, ADL can assist you with your lease negotiations to assure you the best possible terms and conditions. We can work both with you and your attorney to set the rent structure as well as the terms and conditions of this most important document. If you wish to purchase the building your initial investment will be greater than if you rented, but you will have control over the future expenses in regards to paying a fixed or slightly variable rate to your lender. There are many considerations to know and understand prior to making a decision to Rent or Own. ADL Consulting can help you to make a sensible choice to fit you budget and financial goals.