Laundromat Business Coaching

Whether you're looking to make a career change, would like a part-time business to supplement your current income, or just looking for a new investment opportunity, a coin laundry may be the answer to what you have been searching for.  A Laundromat business has several fundamental advantages over other small businesses.

• If run properly, a Laundry mat should only require 5 to 15 hours a week of your time.  Don't waste your time getting a second job, instead own a part-time business and a Launderette is truly one that can be run part-time.

• The coin laundry business is NOT labor intensive so you won't have a lot of employees to manage.  Even a fully attended store will rarely require more than one staff member working at a time.

• There is no selling involved in a self service laundry, so you won't need a sales staff.  Customers will simply come into your store to use your equipment, but if you want to provide a vending machine that sells soap and fabric softener you are more than welcome too.

• A Laundromat is a service-based business that fulfills a basic necessity in life, and is therefore recession resistant.  There will always be a need for people to have clean clothes.

• In the laundry business the customers supply their own labor.  They load the machines and fold the clothes.

• The customers also pay in advance with all cash!  There are no "checks in the mail" or Account Receivables.

• A Laundromat is a real, brick and mortar business, in a mature industry with annual sales of over $3.4 Billion dollars, reducing your risk.

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Laundromats are simple businesses and can be run with no experience.  But don't be fooled by their simplicity.  Take the time to educate yourself about this business before you jump in and put your hard earned money on the table.

When you go out to look at a Laundromat for sale, don't get caught up by how the store looks.  The first thing to understand is the numbers.  Remember this is an all cash business.  You will need to verify the seller's claim of reported income and carefully examine all the expenses.  This will tell you how much money the store is making and give you some idea as to its value.

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