The Coin Laundry Opportunity
Card and Coin Operated Laundries: An Excellent Business Investment
Clean clothes, like food and shelter, are a basic human need. That's why card and coin laundry businesses are often buffered from fluctuations in the economy and why many industry experts refer to them as being nearly recession-proof. The typical card or coin operated store operates on a cash-in-advance basis with little inventory. Plus, a card or coin laundry business is owner-controlled, creating a greater degree of management control.
Return on Investment
But what about a store's resale value? Most often, self-serve laundries pay for themselves in only a few years and can be sold at top dollar, according to the Coin Laundry Association (CLA), a non-profit, coin laundry trade association. In fact most vended laundries enjoy higher resale values, even though laundry equipment depreciates. CLA research indicates that card and coin laundries typically sell for between three and seven times their net cash flow. With average historic returns exceeding 40%, most coin-ops prove to be solid investments if well designed and maintained.
