Laundromats are great investments!
Those who are considering the self serve laundry business as an income source do so for a variety of reasons and with a variety of expectations. This business is not a franchise, the investment you would make into the business becomes equity in that business. The equipment purchased will last 15-20 years which means an owner can count on long-term use, move it to another facility, or sell if the need arises.
Laundromat investors seek to grow consistent personal income by diversifying their income sources, creating a relaxed, reliable income stream for retirement or children, replace income from a typical job, or some other more demanding business.
Investors in the laundromat business partner with an equipment supplier who can educate someone new to the business, help find and evaluate locations, provide financial sources and help with credit application processes. This equipment supplier or laundry expert will be able to bring experienced contractors to build and help set up the new laundromat. They will not only be there to get things started but to provide support and experienced help after the customers start to come in.
Successful coin & card vended laundry businesses are more than just washers and dryers in a room. They include well thought out designs based on doing things right the first time and making experienced knowledgeable decisions. The laundry experts at T&L Equipment offer free consultations to the new laundry entrepreneur. Insights on other aspects of this business can be found by clicking the green buttons.