Startup : New set up vs. Current Buss.

[green]

I am newbee and wish to start business, Like to know your views on starting from new vs current business .

Are there any consultance who look for right location and installation?

Thanks

[azkid]

Review some previous threads...plenty of information regarding this topic. Regarding consultants, the first and cheapest thing to do is to talk to your local equipment distributors. No surprise on this either, but new stores will almost always be more expensive

[millenniumplus]

Azkid summed it up in the previous post. Will just recap, add on and say a
newer store (not new) store versus a very older store is more turnkey and
require less money to put out for newer efficient running machines down the
road. If you can find a money making location and afford a brand new store
- go for it. Of course location is everything no matter how old the store is.
Finding a laundromat with a great location that makes lots of money is what
you should be looking for. And "Green" you will be. Anyhow, if you don't get
a lot of replies or detaile dinformation to your question, be sure to research
previous post on this subject.

[petefritz]

where are you located? Markets vary. A used mat is less risky always, but the wrong one will not be much of a producer. You will pay a premium for a decent location.

[GotCoin]

I'm in the same boat....looking to open up/takover a LM in LI NY. I am looking at preexisting only because of capital. Can anyone recommend a good site for finding out about business for sale in particular areas?

Wha are that main things to look out for..i.e cahs flow items, etc.

[gmat]

I'm a newbie as well but I have studied this very extensively and my oppinion is that it is alot more risky to venture into a new store. be very careful with the construction end as many systems have to work together and if you are not capable of handling work crews yourself and have to hire contractors to do all the work I would definetly suggest you start out with the established store, look for a run down one and remodel first. then see where you stand. if you are successful then the new mat might be a little easier for you to understand. I tried to buy the established store but the owner has no intentions on selling. so out the limb I go. remember it is only money. if you lose it there is always welfare. does anyone realize how strong welfare is and how weak social security is, whats up with that /ubbthreads/images/graemlins/mad.gif

[thelaundrydoctor]

I would do some of the same things mentioned befor, Talk to your local distributors, they might know o store owners that are looking to get out. Another way is do some of the leg work your self, find a mat in an area that you think is good, watch the busness and approach the owner. It is best to find one where it looks like the owner isnot doing a good job. That will give you the opturnity to put some new energy in the business. That is what alot of older launderys need. When a owner gets use to a certain income streem. they become less willing to invest in the busness ane that begund the downward spiral. If you catch one at the right time you can come in and ssave the day and not have to replace all the equiptment. Replacing some is a great way to refresh the store and put out that "NEW EQUIPTMENT" sighn that brings people in.

good luck Im sure youll get plenty of other good ideas here.