Starting Your Laundry Business

There are thousands of businesses to choose from... everything from retail, wholesale, manufacturing and service businesses. Why should you choose the coin laundry business among your choices? We will discuss some of the reasons why a coin laundry facility should be selected for a new business venture.

Business experts list several advantages associated with the coin laundry business. Here is a quick list of characteristics that may make the coin-op business attractive to you:

• Coin laundries satisfy a basic need in the community
• Coin laundries have proved to have a very low failure rate
• All the cash is controlled by the owner and no receivables
• As a service business, coin laundries have little or no inventory, virtually eliminating inventory control, shrinkage and theft
• Coin laundries are NOT labour intensive
• Generally, only unskilled labour is required
• Coin laundry income is very consistent, varying only 10% to 20% a year
• Coin laundries are recession proof
• High fixed costs combined with low variable costs mean the more volume the more profit
• Coin laundries may be operated on a part-time basis
• The coin laundry business lends itself to future expansion and multiple ownership of stores
• It is a business that does not rely on 'personalities'

There are several advantages in investing in a coin operated laundry business. There is a light work load consisting mainly of supervising and record keeping. There is an obvious profit potential. This business venture is also very advantageous for an individual seeking to invest in a business which they have no previous experience and want an excellent return. Maintenance to the machines is minimal and the warranties on new equipment today are longer than ever before. We also have service contracts available for your convenience and peace of mind.

There are many important factors that help the success of your business and site selection is one of them. We do an intensive study of the area in which you are interested and we take into account factors such as population density, average incomes, competition, traffic patterns, neighboring stores, etc. and they are rated on our proven rating system. This screening process helps in guaranteeing you success.

there are several merchandising possibilities available to augment your store, such as dry cleaning, tanning, internet cafe, alterations, ironing, coffee bar, video rental, or even an exercising area with a few exercising machines. We recommend a drop off laundry service, which usually represents 25% of the store's volume and should cover the attendants wages.

Coin laundries have a relatively simple formula for success. The real key, although it sounds too simple, is to keep your store immaculately clean at all times. People will not want to clean their clothes in a dirty environment... It's that simple. Additionally, you must keep the equipment in good working order, day in and day out. Finally you must provide a secure, safe and pleasant environment to insure that your customers geel good about doing their dreaded, weekly chore in your coin Laundromat. Did you know that laundry ranks second only to cleaining the bathroom as the most disliked chore in any household?

It is also important to consider the long-term investment value of a coin-laundry. Coin laundries with a proven record are sold with relative ease and at a top dollar. If you've run a profitable, successful laundry and in 5 years you choose to sell, you may find a buyer quickly and in most cases command a much higher price than you paid to start up your business. In other words, most laundries appreciate in value even though the equipment depreciates. In many cases, stores pay for themselves in a few years, leaving you with a 'nest egg' which may be a far better investment than the conventional savings account, mony market or mutual fund.

Another benefit lies in your ability to easily upgrade and maintain your laundry through simple remodeling and regular equipment replacement or additions.

Dyer Equipment is there every step of the way. We help you find a location, layout the store, obtain the necessary work permits, take the plans to city hall, install the machines, assist you with your first advertising flyers, train you and your staff on the use of the equipment, and answer any questions that you should have in an accurate and timely manner. Our staff is dedicated to your business.