Your laundromat is a profitable business, but did you know there are many ways you can increase your profits even more? Looking for ways to increase your bottom line is the mark of a savvy business owner. Adding additional revenue sources to your laundromat is one of the easiest ways to improve your laundromat earnings.…
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Dealing with Bent Quarters at Your Laundromat, continued
Welcome back! We are here to pick up right where we left off in our previous blog post. If you missed it, be sure to visit here for the first half of this information! Previously, we talked about bent quarters and how coin drops can become damaged from them. We also talked about a few…
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What Is Your Laundromat Worth?
Whether you are looking to sell your laundromat and retire or simply trying to establish the value of your coin-op, knowing how much your business is worth is essential. The industry standard to determine how much you can sell your laundromat for is three to five times the annual profit of your business. While multiple…
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What Does “Turns per Day” Mean?
The term "turns" refers to the number of times your machines are used each day. As a laundromat owner, knowing how many turns per day your machines are used for can help you check the health of your business, know when your busiest days are, and project your revenue for the year. Calculating how many…
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