Starting A Coin Operated Laundry Business
You might be interested in a coin operated laundry business because of a few very enticing reasons. For one, it is recession proof and has a high rate of success. Laundry businesses require no employees in many cases or a very small amount if you think you would need a janitor or something of that sort.
The laundry business is often a low risk business to invest in because there is always a demand for laundry services.
Laundry businesses are usually on long term leases of about 10 to 25 years and are capable of generating some steady income during the span of the lease. What makes coin operated laundry businesses so appealing is because they require no inventory.
The market value of laundry businesses ranges from 50k to 1 million. They typically generate about 15k to 200k annually. The hours of operation for a coin laundry is usually from 6am to 10pm. Existing coin laundry businesses are priced according to their revenues. New coin laundries are valued on the cost of construction and the costs of the coin operated washer and dryers. Laundry businesses are great investments for building passive income stream.
The laundry service industry has been around for sixty years and most businesses are owned by individuals and not large companies. Out of the approximate 35k coin laundry facilities in the US, they generate about 5 billion dollars each year. Coin operated laundries are considered recession proof because clean clothes are something everyone needs in life just like food and a roof over head. Laundry facilities seem to succeed the most in areas where the population rents apartments. Every year there are more and more people renting as a result of population growth and the economy. This means that there is a growing number of customers in need of coin laundry facilities.
Laundry businesses succeed in times of economic growth as well as declining economies. People will always need to wash clothes so the coin laundry business will grow when more people are unable to afford their own washer and dryers or the costs of repairs. In addition, many apartment complexes don’t have a laundry facility or they have unreliable machines.
Operating a Coin Operated Laundry Facility
Coin operated washer and dryer facilities has the basic areas of operation: Money management, maintenance, and cleaning. The only on-site operations are cleaning and maintenance.
The level of performance for a coin operated laundry business depends on several factors. The most significant factors include demographics, services offered, condition of facility, design, quality and quantity of washer and dryers, hours of operation, inviting building, and competitors in the area.
Conclusion
Now as always, is a great time to get into the coin laundry industry. In current times, coin laundry is a service provided to the public that is thriving more than ever and continues to grow. As demographics shift even more towards the growth of apartment occupants the business is predicted to prosper.
If you are interested in joining the industry you should talk to a professional or other experts in the industry before making a big decision.
Coin Operated Laundry Businesses
In the current climate, many of us are now searching for more ways to make money to help pay the bills. You could try your hand at any types of work, some more common ways of making money are with commission based companies such as ‘Avon’ and ‘Kleeneze’. This type of work can provide great return in profit if you are willing to dedicate a lot of your time to it, the business is unsteady and completely unpredictable.
If you decide this type of work isn’t for you, you could try your hand at the business of laundry – more specifically the coin operated washer and dryer business.
The coin laundry business is changing, launderettes are no longer the boring and dim places they used to be. Some newer and more modern launderette’s are now providing games consoles, televisions and snacks to help make the launderette experience that little bit more fun.
Coin laundry is becoming one of the best and cheapest ways of doing laundry in bulk what with the rising cost of utility bills.
To run a successful launderette business all you need is a few machines to start with, somewhere you can put the machines, a catchy slogan and an extremely attractive price tag. All of these 
combined can make extremely easy money.
You do not necessarily have to charge for the use of the machines especially if they are coin operated, but if you decide to update your launderette with more modern items, you could charge to use them. For example, a £1 for every half hour on the gaming console, this could attract more customers and a younger customer base. Meaning you get even more profit.
Clean laundry is a necessity to everyone and coin operated laundry systems provide this necessity at a low price. What more could you ask for? Easy profit and easy work.