Investors

The benefits of investing in a coin laundry are numerous. Below we've recapped some that we see as worth considering.

  • It's an all-cash business with no accounts receivable or inventory.
  • Washing laundry is a weekly repetitive necessity like food, clothing and shelter.
  • Labor is minimal. An attendant keeps the store clean and provides the wash/dry/fold service.
  • No special skills are needed to own and operate a coin laundry.
  • The customer provides his own labor and pays up-front for the use of the coin laundry equipment, cutting labor costs and making this an ideal business for you to operate multiple stores.

Sharing expertise is something that we think is important. Choosing a coin laundry store location is one of the important considerations. Here are a few pointers to consider.

  • Determine the demographics (the kind of people who live in the area) within a range of a quarter mile to 2 miles of the location. Summarize the typical age group, occupation, income, ethnic makeup & family size, stability, crime, market size (density of population) and type of housing. Large families in lower- and middle-income areas are ideal.
  • Look at the growth pattern of the area. Contact local planning boards to see if the area is gaining or losing population and if any major traffic interchanges or major shopping centers are planned. A growing area will bring in more prospective customers.
  • Vehicle traffic is important in many areas, especially suburban. Approximate the amount of cars passing each day. Roughly 15,000 cars is ideal, while 30,000 is too many. Look at the flow of traffic   morning commuting traffic passing the location is important. Is the location on the way from the residential areas to major shopping areas? How difficult is it to get into the location   consider road dividers, traffic signals and speed limits (35 mph or less is ideal, but 50 mph is too fast).

There are many other factors that can affect the success of a laundromat. Ask your Curtis Equipment Co. representative to give you his professional opinion. It won't cost you a thing, but it sure can save you a lot.