About the Book
New laundry investors need to know what is discussed in this book. The laundry investment model is very complicated. Many people are fooled by the ease of the operating model itself, but your investment success is more complex. A laundromat uses fixed value every day. Intervention by the owner is essential to reverse that trend. Huge rewards are available to the ones that figure this out. Read this book to get pointed to the right direction. You will be forever thankful that you did. And, if you do, The self-service laundry industry offers much more than just a sound investment; it is an American dream business. Laundry owners are everyday people fulfilling their greatest dreams. Regardless of what you do now or intend to do in your life, whether you are currently a blue-collar worker, a grocery clerk, a mechanic, retired or active military, an attorney, or an owner of other businesses, the laundry industry has a place for you. The diversity of the industry offers rewards for each investor, regardless of their background. For some, the business is run simply as a "quarter factory", with the owners using a minimum amount of their time. But for those who grasp a better understanding and have a hunger to maximize the benefits of laundry ownership, it is a challenging opportunity with rich rewards. Most laundries are independently owned and operated. However, there are individuals and families who do own in the hundreds of them.
We will be answering the biggest questions about laundromat investing and identifying issues that only the most seasoned laundry professionals understand. We are dedicated to sharing our education and experiences so that you too will have access to the secrets of this mystifying investment.
You are about to be guided along a path that will lead you towards a successful business; a future that is greater than you now realize. Laundromats are easily scaled, provide steady income and are resistant to economic and other devastating occurrences; covid, bank failure, low employment and high inflation, and the like.
I will also be answering these questions:
1.What makes the laundromat the best example of the American Dream business?
2.Can I get wealthy in the laundry business & How?
3.Understanding the various categories and styles of laundromat investing
4.How do I find a laundromat to Acquire?
5.Is financing available?
6.Can I trust the income and other information I receive?
7.How do I conduct due diligence?
8.What resources do I need to have available?
9.How much of my time will I need to put into my laundry business?
10.Is the laundry business really that easy to operate?
11.How much money do I need to get started?
12.How much money should I expect to make in my laundry investment?
13.How difficult is it to sell the laundry if needed?
About the Author: About the Author
Chuck Post started in the self-service laundry business in 1985 following a twelve-year career in the bicycle business. Previously, Chuck was the head of marketing and sales for Gitane Bicycles, USA, a Renault Automobile subsidiary and later joined in partnership with Lotus Bicycles, an independent designer and bicycle importer. Chuck handled the design and development of the product lines, consisting of sixteen models of bikes in various colors and modified specs. He managed a sales force of up to twelve people nationwide, and traveled extensively throughout the USA, Asia, and Europe.
Chuck came to Gitane Bicycle Company from working in bicycle retail and was solution-minded, becoming known as the person to turn to if you were a struggling bike shop owner. This aid became a brand for our vision and a point of focus. Like the laundromat, owning a bike shop was a dream business to many people. It was also once a very good way to earn a living, make friends, and be involved in a business that was generally upbeat.
Following many changes in the distribution of bicycles, Chuck looked for something that seemed to have a broader path. When the opportunity came for me to represent the Maytag brand to commercial laundry equipment users in Northern California, consisting primarily of coin laundromats, he researched the opportunity by visiting laundries. Many were poorly operated. These businesses ranged from being void of care or character to downright disgusting. He felt that the laundries were under-servicing the market, and worse, not making the income that they should. There was just so much room for improvement. Chuck believed that he had just discovered an industry where he could contribute and make a difference. That was exciting.
For over thirty-five years, Chuck has built more than 40 new laundries and has brokered and retooled the hundreds of existing laundries, laundries that came in all kinds of conditions. He is now operating PBI Laundry Consulting, Inc, with his son in law, Chris Mason and is considered to be a leading consultant in the industry. Throughout his journey, he has owned a laundry distributorship with twenty employees, and has been a broker throughout his career, over 35 years. I have been licensed and or recognized as a Licensed CA Real Estate Broker since 1985, a general licensed general contractor, licensed for several years and an expert witness, recognized by California courts. Since the 2008-2009 and the financial collapse, which caused the shutting down of the distribution business, Chuck has worked with new laundry buyers and progressive laundry owners in working to make each laundromat a more viable and rewarding business. Scores of investors have benefited from Chuck's and his team's entrepreneurial guidance.
Today, Chuck focuses on consulting with laundry buyers and owners through PBI Laundry Consulting Inc., which also offers the premier due diligence system and Buyers "Do It Yourself" kit as well as offers other buying and operational services. Chuck, along with his partner, Chris Mason, and their team focus on guidance, the due diligence process, along with the model, the lease and then aiding investors in correcting these primary elements of their investment. Additionally, Chuck does Expert Witness work when business deals break down. "Examining facts of a deal gone wrong and analyzing past data with sometimes only minimal documentation has taught me more than any one other aspect of this business that I have undertaken. "
Hi, this is Chuck Post. Thank you for buying this book. I have left out nothing. You will now be looking at the laundry business through trained eyes. I have watched three generations of laundries complete their cycle, and boy, do I have a story for you. We will be discussing how to search for your laundry, the buying process, and the discovery issues. This is a great business, but you have to understand it, or your investment may be at risk. This book tells the whole story.
