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Anaheim, CA

LARRY LARSEN

Laundromat123.com


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LARRY LARSEN

Laundromat123.com

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My Content

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Posted By LARRY LARSEN Sep 17, 2019 4:06 PM
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The majority of the larger Laundromat equipment installers in SoCal are based near Los Angeles. Depending on the size of the project and the brand you buy, some will travel to San Diego. If you provide more details of your project in a PM message, I'll try to point you in the right direction. ------ ...
Posted By LARRY LARSEN Sep 17, 2019 1:27 AM
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I tried it in five stores and it turned out to be a major disappointment. Plain old glued down vinyl squares, with color all the way through, is still a long lasting and durable flooring. If you want to go upscale, I use porcelain commercial tile. Don't like the polished concrete look, but that is an ...
Posted By LARRY LARSEN Sep 16, 2019 8:24 PM
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David,      Thank you for your insight, advice and repair information. Very helpful and very much appreciated. Thank you. ------------------------------ Larry Larsen Laundromat123.com Anaheim, CA Distributor - Insurance - Consulting Cell: (714) 390-9969 ------------------------------ --------------- ...
Posted By LARRY LARSEN Sep 16, 2019 8:12 PM
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.    I think you're talking about an "automatic door unlocking/locking device." Just so we don't confuse anyone that your question about the automatic door opener used in a few Laundromats and most grocery stores. If you are talking about this type of opener see Larry A.’s comment above.      The automatic ...
Posted By LARRY LARSEN Sep 15, 2019 9:32 PM
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.    Agreements "not to compete" are used in two basic areas in the Laundromat business. The first is not as popular as the second.      The first involves an agreement signed before hiring a repairman or attendant. It is intended to prevent a competitor from hiring away an experienced worker that you ...
Posted By LARRY LARSEN Sep 15, 2019 8:48 PM
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.    Sign restrictions exist to protect the rights of all the people in your community. Here's why: 1) Signs can be so distracting that they take the eyes of the driver off the road. 2) Moving signs can be extremely distracting. 3) Lighted signs are lighted to draw attention to the sign not to permit ...
Posted By LARRY LARSEN Sep 15, 2019 1:50 AM
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People make mistakes. I've locked my keys in my car. I've left left a door unlocked. I've forgotten my padlock combination. I'm not surprised people leave behind some or all of their laundry on occasion.'      I don't throw away any property left behind. I always store single items in an open basket ...
Posted By LARRY LARSEN Sep 15, 2019 12:25 AM
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.    If you think pointing out mistakes in statistics that potential investors might accept as fact is disrespectful, I don't agree.      Too often knowledgeable contributors might make an off-hand comment that might be relied upon by the innocent and the newbie. ------------------------------ Larry ...
Posted By LARRY LARSEN Sep 14, 2019 9:23 PM
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Larry A. You write: " These 5,000 - 10,000 sf laundromats are running 24 hours a day doing 14, 16, 18 TPDs maybe." I don't think I've ever seen a 5,000 to 10,000 SqFt Laundromat doing 18 turns per day. Let's take a quick calculation with the following assumptions. 80 washers, average price of all washers ...
Posted By LARRY LARSEN Sep 11, 2019 12:24 PM
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Here is a 3 page form I recommend you take with you and fill out on your first interior inspection: https://laundromat123.com/Home_Page/InspectionForm.pdf ------------------------------ Larry Larsen Laundromat123.com Anaheim, CA Distributor - Insurance - Consulting Cell: (714) 390-9969 ------------ ...
Posted By LARRY LARSEN Sep 8, 2019 4:22 PM
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Sorry you thought mr post was all over the place. Otherwise, I'm glad you enjoyed my post. ------------------------------ Larry Larsen Laundromat123.com Anaheim, CA Distributor - Insurance - Consulting Cell: (714) 390-9969 ------------------------------ ------------------------------------------- Original ...
Posted By LARRY LARSEN Sep 7, 2019 11:28 PM
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I know temptation exists in some people to do a little talking about how good their business is doing. Let me share why this could be a bad idea: 1). You don't always know who you're talking to when you utter a little Laundromat puffery to strangers. The story has gone around for years that the last ...
Posted By LARRY LARSEN Sep 7, 2019 11:58 AM
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Larry A., He is talking about the connection of the main water line to the meter. Confusing, but in SoCal the service is delivered to the edge of the property, where the water meter is most often placed in my experience. From the meter to the building is two inch, which is normal. In my experience, the ...
Posted By LARRY LARSEN Sep 6, 2019 10:58 PM
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Peter, Do you have a monthly water meter fee? In SoCal you pay more as the size of the water line increases. A four inch would cost a bundle each month. What architect drew your tenant improvement plans? A four inch water line does not have twice as much capacity as a two inch, it's eight or more times ...
Posted By LARRY LARSEN Sep 6, 2019 5:55 PM
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You should take a trip to the building department in your county (you said it was outside the city), and ask them for s sheet of their construction and zoning requirements. Ask their fees. Your architect and general contractor will have input on these issues as well. Contact the local water and sewer ...
Posted By LARRY LARSEN Sep 6, 2019 3:50 PM
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In reading the various opinions on benefits of pickup and delivery, I'm hit with the notion that future expansion is limited, such as it is with self-service only Laundromats.      Note that "MyPillow" expanded to mattress toppers and to Egyptian Cotten sheets. Using the support base of pillow sales ...
Posted By LARRY LARSEN Sep 6, 2019 1:50 PM
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Is the slot income part of the $140,000? Do you own or lease? If leasing, remaining term, lease payment and options. Any CAM? Equipment brand and age? I have a list of items needed for an appraisal. If you want them send me an email. Thank you. ------------------------------ Larry Larsen Laundromat123.com ...
Posted By LARRY LARSEN Sep 6, 2019 11:20 AM
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Curt, Distributors (some brands call them dealers) do not work for the manufacturer. They work under a contract, verbal or written, where they are provided a territory to service and promote the sales of a brand of washers and dryers. The concept of limited distribution is based on the concept that distributors ...
Posted By LARRY LARSEN Sep 5, 2019 11:45 PM
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Great advice from the contributors. Here's my small addition. Search around used parts people and companies. Here's one small suggestion. At one time I never sold used dryers because they might be used by a customer instead of buying new ones. I would partially part them out and send the hulks to acmetal ...
Posted By LARRY LARSEN Sep 5, 2019 9:34 PM
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Cliff, Here's my contribution on financing sources: First, find the banks in your area that like to make loans on Laundromats. Some banks don't like the Laundromat business. Others like to make these loans based on a past history of successful loans to Laundromats. In SoCal these banks includes the Korean ...
Posted By LARRY LARSEN Sep 5, 2019 9:25 PM
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Same drum size I believe is correct and also points out why factory statements of capacity are changed at the whim of their marketing department. ------------------------------ Larry Larsen Laundromat123.com Anaheim, CA Distributor - Insurance - Consulting Cell: (714) 390-9969 ---------------------- ...
Posted By LARRY LARSEN Sep 5, 2019 6:16 PM
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Over and over we hear about all the money that can be made in correctly operating a Laundromat. I agree, but sufficient advice on how to operate a successful has been talked about and compiled in books and magazines by a variety of authors. What Is never discussed is where the real big time money is ...
Posted By LARRY LARSEN Sep 4, 2019 5:33 PM
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Les, I don't know what you paid for your equipment. Using my pricing, you paid 40% to 60% more for the (5) 40-LB washers than the (9) Horizons when you include freight and install. They both generate the same amount of income. Does this mean you get a lower rate of return when you install big washers? ...
Posted By LARRY LARSEN Sep 4, 2019 12:51 AM
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Les, In and Out sells a better burger. If there was an equipment brand that customers wanted more than others, that would be a comparison to In and Out. CocaCola sells the same thing in different containers. In a self-service Laundromat, you are selling washing and drying. You may dress it up with attendants, ...
Posted By LARRY LARSEN Sep 3, 2019 9:16 PM
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Variety makes more money. Let me give you an example. CocaCola sells syrup in 46 different containers of various sizes. Why? Economy of scale says you'd make more money if Coke was all canned or bottled in the same container, but.... They provide 46 different containers because they sell more syrup. ...
Posted By LARRY LARSEN Sep 2, 2019 6:12 PM
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Cliff,  I've done LLC partnerships several times, but not using your method. Are you willing to wait until the end of the year to take your percentage? Probably not. I always negotiated a fixed number for the labor of doing the management labor. I based this on the time I was likely to spend per month ...
Posted By LARRY LARSEN Sep 1, 2019 8:22 AM
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David, Sarcasm aside, I do believe resentment against a competitor entering a market that is limited is an American tradition. Look at the objections when Walmart puts many small retailers out of business in a small town. Since you have the resources to buy a building (and an airplane as your post picture) ...
Posted By LARRY LARSEN Aug 29, 2019 11:49 AM
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What kind of Dexter representative (or did you mean salesman) doesn't know how to read the serial number code and tell you the year and month of manufacture? Do the washers have a red "push to stop button?" If so, they're the safer models and newer than non-red button models. You must want to keep your ...
Posted By LARRY LARSEN Aug 28, 2019 7:20 PM
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Shane, Your post is a little confusing. You had damage from a tornado. The equipment was repaired. The repaired equipment was placed back into the damaged site for storage, the building repaired enough to be water and air tight. While in storage in a cold winter environment you left the water on and ...
Posted By LARRY LARSEN Aug 28, 2019 4:33 PM
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I don't sell in Nevada but here is some general information. 1.  Read your lease carefully. Study your obligations of the amount of coverage required. This might include the financial strength of the insurance company and several other requirements. 2.  Does the Landlord require to be named as an additional ...
Posted By LARRY LARSEN Aug 27, 2019 12:45 PM
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I think it might be helpful to share some of my observations on how to avoid making a mistake in the purchase process of a Laundromat. 1.  Well over half of the listings on the internet have doctored, inaccurate, puffed or outright fraudulently information on the income and expenses shown on the seller's ...
Posted By LARRY LARSEN Aug 27, 2019 8:30 AM
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Curt, In my experience, the failure of a Laundromat, unlike a restaurant, involves the sale to another newbie with more money than investment knowledge. The same broker often handles the sale again. My observations suggests that a large percentage of new Laundromats do not earn the projected income provided ...
Posted By LARRY LARSEN Aug 26, 2019 10:23 PM
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I often see the term "absentee owner" used in advertisements selling Laundromats. It seems to me this is an improper term to be used in the sale of virtually all Laundromats. Absentee owner should be properly defined as an owner who is not responsible for collection, deposit of money,, accounting, repairs, ...
Posted By LARRY LARSEN Aug 24, 2019 10:21 AM
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"Deployment benchmarks" is terminology I've never heard used in the Laundromat business. I think you're asking how do you know where to locate a good Laundromat site in relation to other existing Laundromat locations. Success In site selection is based on the what I call the "stool of success" or "PEP." ...
Posted By LARRY LARSEN Aug 24, 2019 9:14 AM
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In addition to what Curt says, no soap vendor or manufacturer is putting a special detergent in a vended size box. Proctor and Gamble once sold Biz and Ariel in vended size boxes, but discontinued production because of low volume use. An "environmentally friendly" soap would likely suffer the same result. ...
Posted By LARRY LARSEN Aug 23, 2019 3:20 AM
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In Los Angeles the separation of recyclables is unnecessary in many neighborhoods. Why pay those high trash bills and risk an improper separation citation when you can just spread your trash among the tents, rats, needles and poop in so many neighborhoods. "Give me your tired, your poor, your huddled ...
Posted By LARRY LARSEN Aug 23, 2019 3:02 AM
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Michael, you have such strange experiences around your Laundromat. Call your local police agency and ask if bicycles can legally be used on City sidewalks. Most cities don't allow bicycles, skateboards and roller blades:skates to be used on public walkways. If I had your concerns I'd post a sign with ...
Posted By LARRY LARSEN Aug 22, 2019 7:32 AM
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Folks, First you have to determine what you want the worker to do. Basic mopping, window and machine cleaning? How about opening and closing? How many hours do you need them? Is language important in your location? WashDryFold work? How much do you want to pay? I've found that the personality of the ...
Posted By LARRY LARSEN Aug 20, 2019 6:28 PM
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David, Print and post the advice given above by Larry Adamski. It's well founded and well written. It clearly defines an early issue faced by many new owners. Maybe learning the operational skills needed for a self-serve Laundromat before expanding into potential areas of additional income is your smartest ...
Posted By LARRY LARSEN Aug 16, 2019 9:22 PM
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I wouldn't put too much on the large exterior signs for your store.  Remember the song John Jacob Jingleheimer Smith?  Just plain John works better. John's Nationally Famous Barbecue And Other Meats Cooked To Perfection By John Jacon Jingleheimer Smith, Proprietor is a little too wordy. How about: John's ...
Posted By LARRY LARSEN Aug 16, 2019 9:07 PM
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You should have two dedicated lines on their own breaker and upgrade the boards to the higher wattage boards. INFORMATION: Standard model numbers tell you the cabinet size, number of hoppers, number of verifiers and front or rear load. Here's how to interpret: SC means Standard Changer. First number ...
Posted By LARRY LARSEN Aug 16, 2019 8:41 PM
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I've had televisions stolen years ago. Guards, steel bicycle cables, plexiglass over wall mounted and better mounting reduced thief problems. The best strategy was minor defacing or painting the frame and putting a cable through the body of television. Anyone stealing it would have an ugly, broken television. ...
Posted By LARRY LARSEN Aug 14, 2019 6:10 PM
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The reason you can't find the information is because few people would want to independently review the information obtained. The customary calculation is a total time measuring the fill and cycle time together. This would be useful in deterring how many cycles per day could be sold. What is the use off ...
Posted By LARRY LARSEN Aug 13, 2019 11:50 PM
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In your original question/statement you describe converting an existing retail space into a Laundromat. This a full Laundromat construction project. A remodel is an existing Laundromat, usually older, where you replace the old equipment and spruce up the interior. For building a Laundromat in a space ...
Posted By LARRY LARSEN Aug 13, 2019 8:45 PM
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You don't know your slow times? Your slow days should be Tuesday, Wednesday and Thursday. You could post a sign encouraging use on these three days. There should be washers available all day on these three slow days. Do you believe that people are going someplace else to wash because they can't view ...
Posted By LARRY LARSEN Aug 13, 2019 12:03 AM
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Whether you feel slightest because you didn't receive a notice is irrelevant. You know this section of the forum is not the place to place ads for your benefit, even if the traffic is slow at the equipment sales portion. You knowingly break the rules and then blame the "powers" for enforcing their rules. ...
Posted By LARRY LARSEN Aug 12, 2019 11:49 PM
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Mary Ann, You've received lots of advice from some very knowledgeable folks. The important thing, in my opinion, is that you feel comfortable with your own actions. No advice, including mine, should override your own personality and your way of living  your life and handling difficulties. This is your ...
Posted By LARRY LARSEN Aug 8, 2019 8:14 PM
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The owner of the gum ball type vendors should have chained them to the bulkhead at floor level. Your rev-partner seems to be new to this business. Did you report this as a theft? If so, is there now a report in the official records discoverable by an insurance underwriter? Are you now obligated to report ...
Posted By LARRY LARSEN Aug 8, 2019 7:47 PM
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Richard, Anytime you want to find a part for an older machine, this forum is not the best choice to find a solution. From my observations, few parts managers seem to be regular contributors to this forum. To find your dryer basket, get a list of the Dexter current and former distributors from CLA or ...
Posted By LARRY LARSEN Aug 7, 2019 8:51 PM
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A realistic solution for a good safe is to buy an old cabinet for a Standard changer (or any other heavy duty cabinet made by another brand of changer) and install it as you would a changer in your back room. You can buy these cabinets for a few hundred dollars each. They are not fire resistant (as most ...