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What are the Top 9 Advantages to Owning a Coin Laundry?
1. Absentee Ownership Typically, the owner of the coin laundry does not have to run the store themselves. The owner of a coin laundry should be responsible for all administrative duties, collecting money, and minor repairs. 2. Less Work It is not labor intensive- let the machines do all the work. 3. Not a Sales Position There is no personal selling involved and no perishable inventory to stock. Vending soap can last in your storage room for years. |
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4. Recession-Resistant A coin laundry provides a service that is recession resistant because clean clothes are a daily necessity. 5. Pre-Paid Service Customers pay in advance with cash (no accounts receivable or bills to collect). 6. Clean Clothes Never Go Out of Style Coin laundry is an established industry – it has been around for many years and is not a fad. |
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7. Consistent Income There are only slight fluctuations in business of about 10-20% depending on the location. 8. Few or No Employees Needed Self-service coin laundries require an employee to stop in a few times a day to clean. If your coin Laundry has a wash and fold service, one employee can attend the store. 9. Easy-to-Run No special skills, training, higher education degrees, or experience necessary. Mechanical skills are helpful, but not necessary. Many of the manufacturers and local distributors offer training and support. |