Do I have to tell my landlord I'm selling?
Not before there's a deal. Lease assignment or a new lease is handled at closing, and we work through those landlord conversations with you at the right time. Plaza landlords generally like laundromat tenants, because laundromats tend to stay put.
My equipment is old. Can I still sell?
Yes. Old equipment changes the price, not whether the store sells. We build the re-equip cost into our offer.
I'm behind on water or rent. Is that a problem?
Tell us up front. Arrears usually settle at closing from the proceeds. Surprises late in the process are what kill deals.
Will you buy the building too?
Yes, if you own it. We'll make an offer on both together or separately, whichever is better for your taxes.
How can a store visit stay confidential?
We come in as customers. Nobody knows a buyer was there until you decide to sell.
How do you decide your offer?
We verify your real revenue from copies of your water bills, then factor the lease and the equipment. We walk you through the number so it isn't a mystery.
Do you pay cash?
Yes, our own funds. There's no lender that can take months and fall through.
How long does it take?
Verifying takes days. Closing depends on the lease, the equipment, and sometimes the landlord, so we give you a real timeline instead of promising a date we can't hit.
What happens to my employees?
Nothing until you decide. The sale stays private and you tell your staff on your own timeline.
What areas do you buy in?
South Jersey, Philadelphia, and Delaware County, Pennsylvania.
Are you brokers?
No. We're principal end buyers. We buy with our own funds and close in our own name.
Do you charge any fees or commission?
No. There's no broker fee and no commission.
What if I'm not ready to sell yet?
Call anytime. There's no obligation and we'll tell you what your options look like.