The biggest mistake that people make when selling a laundromat is the remaining time left on the lease, including extension option periods. The lease may have additional faults and limitations, but the laundromat business has operated successfully with them. However, if there is little time remaining on the lease, then the sale of the store will be solely dependent upon the Landlord’s willingness to offer extension options. A pending sale of a business puts the Landlord in a position of strength and leverage. The time to extend the lease is several years in advance of a business sale as part of the laundromat owner’s exit strategy.