The Laundromat

Chuck Post started in the self-service laundry business in 1985 following a twelve-year career in the bicycle business. Previously, Chuck was the head of marketing and sales for Gitane Bicycles, USA, a Renault Automobile subsidiary and later joined in partnership with Lotus Bicycles, an independent designer and bicycle importer. Given the direction that the bike industry had taken Chuck began looking for a business where he could make a difference. When the opportunity came for Chuck to represent the Maytag brand of commercial laundry equipment to users in Northern California, consisting primarily of coin laundromats, he researched the opportunity by visiting dozens of laundries. Most were poorly operated. These businesses ranged from being void of care or character to downright disgusting. He felt that the laundries were under-servicing the market, and worse, not making the income that they should. There was just so much room for improvement. Chuck believed that he had just discovered an industry where he could contribute and make a difference. That was exciting enough to keep his attention for the past 38 years. In this time servicing the needs of laundromat investors he has been a broker, a general contractor, owned a distributorship and now works nationwide with individual entrepreneurial laundromat investors and providing an array of services to new and progressive thinking laundromat owners. During his thirty-eight years, Chuck has built more than 40 new laundries and has brokered and/or retooled hundreds of existing laundries, laundries that came in all kinds of conditions. Today, Chuck focuses on consulting with laundry buyers and owners through PBI Laundry Consulting Inc., which also offers the premier due diligence system and Buyers "Do It Yourself kit" and offers many other buying and operational services. Chuck, along with his partner, Chris Mason, and their team focus on guidance, the due diligence process, along with the model, the lease and then aiding investors in correcting these primary elements of their investment. Additionally, Chuck does Expert Witness work when business deals break down. "Examining facts of a deal gone wrong and analyzing past data with sometimes only minimal documentation has taught me more than any one other aspect of this business that I have undertaken. "