714-630-9274

I have over thirty years of experience in the ownership, management, and construction of Laundromats. I am a licensed real estate broker active in the sale of coin laundries, a licensed insurance agent specializing in coin laundry insurance, and the Managing Member of Laundromat123.com LLC, a company involved in the development of new Laundromats, sales of coin-operated washers, dryers, allied equipment, and the remodeling of Laundromats.

BACKGROUND OF LARRY LARSEN

Laundromat analysis, advice, appraisal,
and expert witness services.

I have been a college instructor in business and administration at Prince George's College and Green River College. I have also been a guest lecturer of the National Automatic Laundry and Cleaning Council in Rome, Italy [1984], for the London Laundry Owners, London, England [1986] and the Coin Laundry Association in Chicago [1987].

During 1992 to 1998, I taught an investment class on coin laundries at the Learning Annex in San Diego and two sites in Los Angeles on a monthly basis. This was a class in which site analysis, selection and construction were considered, as well as the more fundamental aspects of the financial risks and rewards.

In addition to a bachelors degree in administration from American University and masters graduate study at Fuller University, I have a certificate in real estate studies in the State of California. I have been licensed in real estate brokerage for over twenty-five years.

On a professional level, I have prepared over sixty fee appraisals on Laundromats for clients and been designated an expert in over twenty coin laundry lawsuits, given depositions in over ten and been called as a witness in more  than five Laundromat related trials. I am often retained as the Laundromat liquidations expert for Western Finance and Lease where my duties include the appraisal and valuation of equipment and ongoing enterprises.

I have extensive experience in consulting and operation of Laundromats, having been an owner or operator of over fifty stores. I have also built over one hundred and thirty Laundromats and brokered over three hundred. I have served as the Partner/Operator of the largest chain of Laundromats in San Diego County working with an investment firm managed by a La Jolla attorney.

In addition, to my experience in the Laundromat business, I fulfilled a civic responsibility as a Traffic Commissioner for the City of Yorba Linda and served on the board of the CAC of the Orange County Transportation Authority. This civic service has enhanced my understanding of the workings of code enforcement and planning considerations as they relate to Laundromat construction and operation.

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