http://www.LaundromatAttorney.comLOS ANGELES LAUNDROMAT ATTORNEY
Myles M. Mattenson is an attorney with experience representing manufacturers and distributors of laundromat equipment, as well as purchasers and sellers of laundromat businesses throughout California. Mr. Mattenson has authored numerous articles of interest to the laundromat business community in The Journal published by the Laundromat 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 laundromat 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.
Many laundromat operators complain that their common area maintenance expense (CAM) is far too high. Retaining a knowledgeable attorney to review your lease to determine your rights to audit these charges may be essential to the operation of a profitable laundromat business.
http://www.LaundromatLaw.comLOS ANGELES LAUNDROMAT ATTORNEY
Myles M. Mattenson is an attorney with experience representing manufacturers and distributors of laundromat equipment, as well as purchasers and sellers of laundromat businesses throughout California. Mr. Mattenson has authored numerous articles of interest to the laundromat business community in The Journal published by the Laundromat 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 laundromat 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.
In the purchase of a business, for example, there is simply no substitute for a thorough review of all financial information and documents pertaining to the transaction by an accountant and an attorney prior to undertaking any serious negotiations. Consultation with professionals prior to undertaking negotiations are worthwhile the buyer to make the best use of their services and recommendations.
http://www.LaundromatAdvisor.comLOS ANGELES LAUNDROMAT ATTORNEY
Myles M. Mattenson is an attorney with experience representing manufacturers and distributors of laundromat equipment, as well as purchasers and sellers of laundromat 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 laundromat 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.
In acquiring a coin laundry, it is a fairly common practice for the purchase agreement to include a warranty of past income, but limited to the previous six-month period. Such a warranty may not be adequate if the sale takes place at the end of summer months when coin laundry income is customarily low. A 12-month representation will provide a more accurate picture of annual income, since coin laundry business traditionally increases during the winter months and decreases during the summer months.
http://www.LaundromatLawAdvisor.comLOS ANGELES LAUNDROMAT ATTORNEY
Myles M. Mattenson is an attorney with experience advising manufacturers and distributors of laundromat equipment, as well as purchasers and sellers of laundromat 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 laundromat 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.
Most purchasers of laundromats do not spend much time reading the fine print of their proposed lease, assuming that since it is a printed form and entitled “Standard Lease” the provisions must be reasonable. Tenants do not generally gather together and form an association for the purpose of preparing and printing a “Standard Lease.” Landlords, on the other hand, frequently do. Always assume, therefore, that your so-called “Standard Lease” has been prepared by an association funded by landlords or an attorney paid by the landlord. As a consequence, your lease will be slanted toward the concerns of the landlord rather than the tenant. Consultation with a knowledgeable attorney by a buyer when entering into a lease is necessary in conjunction with a purchase of a laundromat.
http://www.LaundryLaw.comLOS ANGELES LAUNDROMAT ATTORNEY
Myles M. Mattenson is an attorney with experience representing manufacturers and distributors of laundromat equipment, as well as purchasers and sellers of laundromat 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 laundromat 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.
In the laundromat business, many interesting issues arise. Many laundry room leases, after initially providing for a five-year term, will, a few paragraphs later, provide that the lease may be extended by two successive periods of five years each. The lease will likely state that the options will be exercised “automatically” unless the lessee provides notice not to extend. Apartment owners should consult with a knowledgeable attorney to review such leases or find themselves stuck with a laundry room operator for decades!
http://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.
http://www.DryCleanersLawyer.comLOS ANGELES DRY CLEANERS LAWYER
Myles M. Mattenson is an attorney with experience representing 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.
So you cut a deal to buy a dry cleaners at the neighborhood coffee shop and the closest piece of paper was a napkin! Is the deal binding? A letter of intent, for example, that refers to the preparation of a subsequent definitive agreement can constitute a binding agreement . In such circumstances, the letter of intent creates a binding obligation for the parties to act in good faith in the preparation of definitive documents.
http://www.DryCleanersAdvisor.comLOS ANGELES DRY CLEANERS ATTORNEY
Myles M. Mattenson is an attorney with experience advising manufacturers and distributors of laundromat equipment, as well as purchasers and sellers of laundromat 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.
One of the issues frequently confronting dry cleaning businesses is whether the business complies with the Americans with Disabilities Act (ADA). Buildings constructed prior to the adoption of the ADA must make repairs to comply if the modifications are “readily achievable” alterations. Inexpensive steps to be taken by a business owner may include: (1) ramping one step; (2) installing a bathroom grab bar; (3) lower a paper towel dispenser; (4) rearranging furniture; (5) installing offset hinges to widen a doorway; or (6) painting new lines to create a accessible parking space.”
Litigation regarding such matters is time consuming and costly. When dealing with these matters, it is generally more economical in time and money to comply than to evade!
http://www.DryCleanersLaw.comLOS ANGELES DRY CLEANERS ATTORNEY
Myles M. Mattenson is an attorney with experience advising manufacturers and distributors of dry cleaning or 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 failure of a business is an emotionally and economically challenging affair. Knowing what lies ahead, and some of the possible defenses to be considered, may ease the pain. Consultation with a knowledgeable attorney is thus essential!
http://www.DryCleaningAdvisor.comLOS ANGELES DRY CLEANING 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.
Dry cleaning operators frequently secure renewal options during lease negotiations but sometimes indicate only that rent to be paid during the option period shall be the then “fair market rental value” without further definition. Does “fair market rental value” mean a rent based upon the potential highest and best use of the property, or upon the purpose for which it has been rented? This is an issue that the courts have considered and has held that “An interpretation that the rent during the option terms is to be based upon the highest and best use of the property despite the purposes for which lessor and lessee it could be used, would be economically and commercially unreasonable and violate the intent of the parties.”
Consulting a knowledgeable attorney during lease negotiations will avoid problems of ambiguity which could give rise to litigation in the future!
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 Cards
Please also visit these websites for specific information:
Coinlaundry Law Coinlaundry Attorney Coinlaundry Law Coinlaundry Lawyer Dry Cleaners Advisor Dry Cleaners Attorney Dry Cleaners Law Dry Cleaners Lawyer Dry Cleaning Advisor Laundromat Advisor Laundromat Attorney Laundromat Law Laundromat Law Advisor Laundromat Lawyer Laundry Law