Business Services Industry
Are you covering all your bases when buying/selling a laundry?(Management)
American Coin-Op, November, 2003
Few things can probably compare to the pressures of buying or selling a laundry. Even industry veterans may wonder at times if they are doing the right thing when completing a transaction. We asked several industry individuals with experience in store acquisitions to share some tips.
PURCHASING TIPS
Todd Stoltz and Tom lessen of BDS Laundry Systems, St. Paul, Minn., ask some questions and offer some tips on purchasing a coin laundry.
* Can you really afford the store?
* Is there a long-term lease? You should have, at the least, a 10-year lease. Also, what is the lease cost per year? It should be no more than 25 percent of the gross income. What are the annual rent increases? And, is the lease transferable?
* Study the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by the Premiere Rewards Gold Card from American Express