- Average of 15%-30% ROI!
- Good Part-Time, or Retirement Business!
- Steady Income!
- Increased Demand by satisfying a basic need in the community.
- Own a cash business with consistent income, varying only 10% to 20% annually.
- Virtually no inventory control shrinkage, spoilage or theft.
- High fixed costs combined with low variable costs, means "the more volume, the more profit".
- Coin laundries are "recession proof". They can be somewhat insulated from fluctuations in the economy.
- Coin laundries can be run successfully on a part-time basis.
- The business lends itself to future expansion or multiple store ownership.
Coin laundries with proven track records are sold with relative ease and at top dollar. Just like other types of real estate, laundries appreciate in value. If you've run a profitable laundry and five years later decide to sell, you may expect to find a buyer quickly and, in most cases, your laundry will command a much higher price than you paid.
In many cases, stores pay for themselves in just a few years, leaving you with a 'nest-egg' that may be far better than a conventional savings account, IRA, money market, or mutual fund.