Most helpful critical review
37 of 37 people found the following review helpful
Want tips on due diligence & valuation of laundromats? You won't find much here...
on July 27, 2010
I purchased this item recently since a colleague of mine has asked me to co-invest in a couple of potential laundromat transactions. This book is well-written and covers a lot of relevant topics (e.g., selecting equipment, store layouts). However, for a book that claims to be about the buying and owning of laundromats, there is very little information provided relative to the buying process.
If you are looking for information about how to analyze a potential laundromat acquisition, such as typical due diligence, how to come up with a valuation, etc... you will not find that information in this book. Instead, you are directed to the author's web page where you can allegedly purchase a separate product that covers that topic. (However, as of the date of this writing, the link to that product on his web page is disabled so there is no way to purchase it).
With so little useful information regarding due diligence or valuation, I find this book to be only somewhat useful overall, hence the 3-star rating. And I was disappointed to learn that the book directs you to buy yet another product from the author to get basic information about buying a laundromat - information that, I'm sure, many readers would expect to find within the book.