Laundromat Investment Opportunities

[Jackson Sandland]

I'm looking to purchase an income producing asset, and laundromats made their way onto my radar. I've visited 5, or 6, and I'm working with brokers in the San Francisco, and Los Angeles area to find, and vet opportunities. I've found some promising businesses that are for sale, and I'm doing my due diligence, and working with lenders to evaluate financing options. One very reputable financial institution that has expressed interest has provided me with documents, which detail all the paperwork we need to evaluate one of these opportunities. 

The purpose of this post is to ask the community here about their experience with laundromat investing, and also to find potential investment partners. It would be great if you live in the Bay Area, but if not, that's not a deal breaker. All we have to do is get the conversation started, figure out if we are a good fit, and take action from there. 

The one I'm looking at does very well, and is considered absentee - meaning part-time workers handle day to day. Great opportunity to generate some 'passive' income with a business that is on the lower side of time investment.

Thanks in advance!