What to do

[foobie]

Hi,
I have inherited 50% of a coin operated laundry. I would prefer to sell, but have not had a good offer. The machines are very old, but we did not want to invest in new ones. I have heard that certain distributors will furnish new machines in exchange for a percentage of the profits. Is this true? I would appreciate any information available, as I am clueless!! Thanks.

[Burley]

If this is possible----I sure would have liked to know that a few months ago! Would have reduced my risk and capital expense.......and made SBA loan easier. I doubt it is true----but anything is possible with the right numbers.

[petefritz]

call some distribs and talk to them, they will find you a buyer becuse they will sell them new stuff and make money.