Does anyone know a good attorney in the ny

[tlev89]

HI,
IM trying to buy a laundomat in the nyc area.I already got burned by one attorney.I paid him $1500 up front and all he did was review and escrow aggreement and speak on the phone with me a few times and than asked me for another $1500 to continue.
He told me he already worked 10 hours???
So does anyone know an attorney that is has experience with laundromats.
Thank you

[Ken]

Do you really need lawyer look over everthing?
Most laundry owners will find out problems with any deal better than attorney.People in this group may do it for a lot less.
I bought all my stores ( 4 ) without any lawyer,no problems so far.
I offered my help(free) to one friend to go over his lease for his first coin laundry,he didn't take it,had a lawyer and a CPA took a look ,he signed a not so great lease ,cheap rent but a lot mis fee in the lease but not clear how much to pay,he gave the landlard a open check book.He called me,the lawyer,CPA when he got his first month rent+FEE,it was too late.
Lawyer,CPA can see what is legal or not but most don't understand business,don't know commerical lease...

[samflood]

As an attorney, and store owner, I strongly suggest getting an attorney involved; just be certain that he/she understands the business. There are certain issues that are more relevant to laundromats than to other businesses. I think the risk and investment is too great to not use professionals.

Good Luck.

[ajay]

As a person who understands law, but it is not an attorney, I don't use lawyers until the end - to makes things legal. Attorneys make it too complicated and they don't understand this business; they ofcourse know the law. What kinds of things are you concerned about?

ajay

[tlev89]

Hi,
Ajay, you dont use attorneys to the end?What if someone asked you for a downpayment?Would you just fork it over?
I cant believe I cant get one referal on this site for a good lawyer????

[ajay]

what specifically are you dealing with? if you need help, ask us appropriately. Don't antogonize please, for we(some of us) are only veterans of this business with atleast 15+ years of experience of managing, buying & selling. ......


Downpayment for what? .....most of presale forms or intend to buy forms are readily available - built right into Microsoft office or from their website. www.microsoft.com/templates.

ajay

[Walter]

Tlev89,


In my experience, most capable lawyers will be good at drafting & reviewing Purchase Agreements, leases, right of first refusals, etc., to help you understand what's contained therein, and possibly some things to avoid or to have included.

A good accountant who's handled laundromats for other clients can be a big benefit, too.

Another approach is to hire a laundromat broker, (an independent one not affiliated with a major laundry development company). These guys have seen it all, and can assist with specific do's, don'ts & gotchas... You can work out an arrangement whereby you're paying them a consulting fee, not a commission...

Walter