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WHY BUY A LAUNDROMAT
The Coin Laundry Business is an attractive operation because of it's
relatively low level of maintenance and potential cash flow. Many
people consider this business as a retirement business or as primary
business, whatever attracts you to this industry, these are the
factors usually considered:
ROI (Return On Investment)
Relative to the time spent on this business, a Laundromat offers
very attractive rates of return. Some Laundromats are able to return
up to 25% on Investment.
Absentee/Part Time Business
You can run a Laundromat with as little as 3 hours per week.
Therefore, this can be the perfect part time business or absentee
business.
Tax Benefits
Because of the equipment included in a Laundromat, one is able to
use depreciation of equipment against income which leads to great
tax benefits.
Recession Proof
While Laundromats are not fully recession proof, people still need
to do their laundry. Recessions usually force people, especially in
lower income areas to cut back on the frequency of going to the
Laundromat. But washing laundry is a must and regardless of economic
environment, there always be a supply of customers.
Cash Business
Laundromats are an all cash business
Low Labor Requirements
Labor for Laundromats usually requires minimum skills, therefor
labor costs are minimal. One can opt for part time workers or full
time and equipment repair can be done at reasonable prices.
Minimum Inventory
Technically speaking, all the inventory you will ever need are for
your vending machines. Laundromats function on water, electricity
and gas. All variable expenses tied directly to how much the
machines are used.
Easy to Sell
Laundromats are highly in demand because of the relative ease of
operation and cash flow and there will always be a demand for them.
Therefore, this is not a business that would require especial
training or much advertising as most people know what a Laundromat
does and how it operates. |
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