Your Store - Investing in a New Laundry
There are over 34,000 coin laundries in the U.S., according to the Coin Laundry Association, generating almost $5 billion in gross revenue annually. The vended laundry industry offers store owners a variety of benefits: including a growing demand for its services, historically strong performance during recessionary times, and tax benefits.
Since it is a cash-based business, customers pay for their services upfront and are non-accounts receivable. Customers provide the labor to operate the machines and the machinery you invest in does the job.
Like any retail-based business plan, location and demographics are key. For a vended store, look for a high-traffic throughway, lots of available parking, nearby rental
properties, and high visibility for the storefront. Store interior design is also important with good lighting, available seating and folding tables.
A vended store can be non-attended, or it can have hired staff. Sometimes, these stores also offer "wash-dry-fold" services that will handle the goods for customers based on a per-pound price.
Developing a relationship with an experienced partner in your area is critical to developing a successful self-service laundry.
Contact us for details on a full-service dealer to help meet your needs.