Does anyone know if there are available courses for coin operated investing? (i.e. laundromats, car washes, etc.) If so, names would be greatly appreciated. Thanks!
I got one here a few months back when I was thinking about a laundromat. Pretty informative. They have others as well.
smallbizbooks.com
Cant remember if we are allowed to post links on this site. If not go ahead and delete my post.
Matt
Thank you!
http://www.amazon.com/Coin-Laundries-Road-Financial-Independence-Self-Service/dp/0962317381
Best book on laundromats…ever.
I helped a friend purchase a one of only 3 laudermats on Cape Cod a few years ago and he too saw dollar signs for passive involvement–or so he thought…
Here are some of the headaches he shared with me until he sold the place less then a year and 1/2 after buying it—high turnover, employee quality (lack thereof), maintanence of equipment and unreliable service contractors, enviromental compliance expense, high incidences of vandalism/theft and a need to hands on…
Laudermats can be profitable, but they are business and need to be managed as such—if you go into this thinking it is a passive investment, you might be disappointed like my friend was.
Regards,
Scott Miller