Buy a Laundromat

The coin laundry industry is very unique in that there are hardly any laundromats that fail. The success rate is over 90%! With an established track record like that, entrepreneurs and business owners should take a careful look at buying a laundromat business and see if it's the right fit for them.

Lifestyle Benefits of Buying a Laundromat

The business will always be in demand because everyone needs clean clothes, even during recessions. One great thing about this business for the owner is that there are very few employees to manage, sometimes none. Also, the customers pay cash in advance and supply ALL their own labor. This means that laundromat owners can enjoy a great lifestyle while running their business part-time or outsourcing most of the maintenance work.

Financial Benefits of Buying a Laundromat

The laundry industry has a long-term proven track record of high success rate coupled with double-digit returns on investment. Anyone can succeed as a laundromat owner because there are no advance degrees required. The new owner just needs to execute a good laundromat business plan to succeed.

Why Are Laundromats So Profitable?

There is no accounts receivable because the customers pay all cash in advance. There is no high priced inventory to stock, unlike a retail store. Also, once customers establish a routine they are very loyal and unlikely shop around and change their habits. Store owners can make "loads of money" while their customers wash loads of clothes.