Negotiating a Laundromat Lease the right way. Are You Leaving Money on the Table? LM Show S3 Ep48

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: https://www.laundromatmillionaire.com... • Free Resources: https://www.laundromatmillionaire.com... • H-M Company Drain Troughs: https://draintroughs.com Our website: https://www.laundromatmillionaire.com Our Online Course: https://laundromatmillionaire.com/new... Our Youtube channel:    / laundromatmillionaire   Our Podcast: https://laundromatmillionaire.com/pod... Our Facebook:   / laundromatmillionaire   Our Facebook Group:   / laundromatmillionaire   Our LinkedIn:   / dave-laundromat-millionaire-menz   Our Instagram:   / laundromatmillionaire   Our laundromats: https://www.queencitylaundry.com Our pick-up and delivery laundry services: https://www.queencitylaundry.com/deli... Bureau of Labor Statistics: https://www.entrepreneur.com/starting... Planet Laundry HVAC article: https://planetlaundry.com/the-abcs-of... Timestamps 00:00 Laundromat Millionaire Intro 01:16 Why Lease is Critical for Laundromats 02:44 How much should you pay? 06:15 Items to Consider in Your Lease 06:27 Frontload Favorable Terms 10:01 How long is “long-term” 13:21 What is “Right of First Refusal”? 17:14 Watch Out for those Escalators! 20:41 Limit the CAM 24:23 What if someday you want to sell? 26:03 The Often-Missed Opportunities 26:15 Tenant Improvement Allowance 31:46 Dibs on Adjacent Spaces 35:08 Preferred Parking 37:12 Examine the HVAC 41:00 Free Rent?? 41:57 Negotiation Strategies 45:50 The Art of Compromise 50:39 Closing