Areas of expertise include: Purchase, Sale, Offer, Acceptance, Ownership, Lease, Goodwill, Leasehold Improvements, Equipment, Machinery, Competition, Non-Competition, Listing, Escrow, Escrow Instructions, Licenses, Permits, Corporation, Partnership, LLC, Limited Liability Company, Stockholder, Utilities, Common Area Maintenance, CAM, CAM Charges, Representations, Income Representations, Expense Representations, Income Projections, Expense Projections, UCC Liens, Uniform Commercial Code Liens, Bulk Sale, Fraud, Misrepresentation, Lease Assignment, Assignment of Lease as Collateral Security, Bill of Sale, Promissory Note, Security Agreement, Security Interest, Settlement, Indemnification, Implied Warranty of Merchantability, Implied Warranty of Fitness for a Particular Purpose, Value Transfer Machine Cards, VTM Cards, VTMLaundry, VTM Laundry, Value Transfer Machine Cards, and VTM Cardshttp://www.DryCleanersAttorney.comLOS ANGELES DRY CLEANERS ATTORNEY
Myles M. Mattenson is an attorney with experience advising manufacturers and distributors of dry cleaning equipment, as well as purchasers and sellers of dry cleaning businesses throughout California. Mr. Mattenson has authored numerous articles of interest in the Coin Laundry Association as well as Fabricare, the magazine of the Dry Cleaning and Laundry Institute.
Mr. Mattenson also successfully represented a distributor of dry cleaning equipment in an action before the Ninth Circuit Court of Appeal which established that valuation of a security interest in the equipment and location of the bankrupt should be based upon the worth “on location” and not “off location.” This holding is discussed in the published decision, to be found on this website, of Ardmor Vending Co., et al. v. Peter Kim, et al., 130 F.3d 863 (9th Cir. 1997).
Mr. Mattenson, based upon his many years of experience in this industry, can assist you with dry cleaning business issues such as lease review, equipment purchases including security interest acquired by equipment distributors, competition issues, common area maintenance charges, and the purchase or sale or such businesses, including escrow instruction issues, income and expense representations, income and expense projections, and security documentation executed in connection with the purchase or sale of such businesses, including assignments of lease as collateral security, security agreements, and UCC forms. Mr. Mattenson can also assist with litigation pertaining to the above issues as well as fraud and misrepresentation in the sale of such businesses.
The most important asset of your coin laundry business is your lease. Washers and dryers produce little income in storage or in a parking lot! It is important for a coin laundry operator to obtain a long-term lease arrangement, including options, to protect the value of a coin laundry business. A knowledgeable can help you to negotiate such a lease.
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