Investing into the Laundromat Business

[Paul M. DeAngelis]

There has been a lot of buzz lately regarding the investment into an interesting asset class - laundromats.

I would love to offer some expertise as I have been in the industry for a while and have learned a lot of the ins and outs of the business from operations to financing the project. 

Feel free to ask any questions!

[Lesley Resnick]

There is money to be made in those business.  However, they are not true real estate more of a brick and mortar business.  For a laundry mat to be succesful it needs to be in a location with a lot of traffic.  There is one here that is next to a pizza shop.  Do your laundry and get a snack.  It is in a strip mall and it is unlikely any of the tennants own the building.  

Self storage and parking are similiar, love the idea, but I am not a fan of retail business.