Negotiating a Favorable Lease with Dave & Carla Menz

The Laundromat Millionaire Show with Dave Menz

Critical to your laundromat's success, but so often overlooked - lease negotiation strategies! Listen as Dave & Carla Menz discuss the critical elements to include in your lease, the often forgotten "extras", and the strategies behind creating a win-win for both your business and your landlord's!Referenced Links:•Dave’s Coaching: www.laundromatmillionaire.com/coaching•Free Resources: www.laundromatmillionaire.com/resources•H-M Company Drain Troughs: https://draintroughs.comOur website: www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: www.queencitylaundry.comOur pick-up and delivery laundry services: www.queencitylaundry.com/deliveryBureau of Labor Statistics: https://www.entrepreneur.com/starting-a-business/the-true-failure-rate-of-small-businesses/361350Planet Laundry HVAC article: https://planetlaundry.com/the-abcs-of-hvac/Timestamps00:00 Laundromat Millionaire Intro01:16 Why Lease is Critical for Laundromats02:44 How much should you pay?06:15 Items to Consider in Your Lease06:27 Frontload Favorable Terms10:01 How long is “long-term”13:21 What is “Right of First Refusal”?17:14 Watch Out for those Escalators!20:41 Limit the CAM24:23 What if someday you want to sell?26:03 The Often-Missed Opportunities26:15 Tenant Improvement Allowance31:46 Dibs on Adjacent Spaces35:08 Preferred Parking37:12 Examine the HVAC41:00 Free Rent??41:57 Negotiation Strategies45:50 The Art of Compromise50:39 ClosingLearn more about your ad choices. Visit megaphone.fm/adchoiceswww.FranchiseResaleReady.com
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