Laundromat Business Coaching
For the New Coin Laundry Investor Specializing in How to Find, Evaluate, and Purchase a Laundromat Business
SELF SERVICE LAUNDRY BASICS
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.
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.
"Many Californians facing huge water bills and mandatory cutbacks in the drought have been taking their dirty clothes to the local laundromat. KCBS' Jenna Lane reports."
In 2002, Brian Brunckhorst and his wife began researching the coin laundry business. By 2003 they purchased and remodel of their first Laundromat. In 2006, Brian’s wife walked away from her career in Silicon Valley. As their coin laundry business expanded, Brian followed suit and by 2008, became full time Entrepreneur.
Currently they own and manage five Laundromats as well as several other private business and Real Estate ventures. Additionally, in 2009, Brian also co-authored a book titled, "Seize Your Opportunities - How to live your life without limits", was an expert panelist at the laundry industries Semi-Annual Clean Show tradeshow, and was elected to the Board of Directors of the Golden State Coin Laundry Association (the local affiliate to the Coin Laundry Association (CLA) where he now serves as President).
In 2010, Brian authored the book, “Secrets of Buying and Owning Laundromats.” He was also a presenter at the CLA Bi-Annual Educational Workshop in Baltimore, MD and spoke for the GSCLA at their quarterly meeting. In 2013, Brian was named the Coin Laundry Association's Member of the Year and in 2016 was elected to sever on their Board of Directors. He is often a contributing author in industry trade publications and a speaker at national trade shows.
Today, Brian and his wife oversee the management of their businesses and real estate portfolio. He also devotes time to giving back to others by speaking to kids in schools about being an Entrepreneur, teaching educational classes around Laundromat ownership, and helping others achieve their dreams through one-on-one coaching and mentoring. Whether it be in business or real estate, Brian has a knack for seeing what most miss, envisioning a finished product and then making it a reality. Prior to becoming a full time Entrepreneur and Real Estate Investor, Brian had been an Engineer at several startup companies in Silicon Valley, specializing in Quality Assurance, System, and Field Engineering. Brian has a Bachelors of Science degree in Business Administration with a concentration in International Business Management.
Buy a Laundromat
c/o Advantage Laundry, Inc.
4101 Dublin Blvd. F-115
Dublin, CA 94568
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