Business Opportunity
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The Role of Laundry Shop
Planning a self-service laundry is not easy. There’s a lot to consider, and that’s why our team of experts is on-hand to carefully walk you through site selection, equipment mix, store layout and flow, amenities, financing and service after the sale. We have the expertise to help you; all of our staff members have been in the laundry industry for more than 15 years. We know what works and we want you to succeed.
The majority of our customers are looking for a change in their career or a long-term investment portfolio, they are not looking for a one-time hobby. We understand that and that’s why we pay specific attention to their needs the first time around. We believe it’s easy to sell someone just one coin laundry, but it’s the relationship that we build with our customers and the success of their investments that bring them back for second, third and fourth stores. The majority of our coin laundry owners are multiple-store owners. We believe it’s the partnership that we create the first time around that keeps people coming back to us. Here at Laundry Shop, our mission really is customer success!
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Locating Your Store
Store location is key to the success of your store. That’s why it’s critical to locate your store in a demographically appropriate area. There are many factors to consider, including traffic density, population, competition, availability of utilities, store visibility and even parking! We understand the Florida laundry market is unique due to seasonal workers and tourism. After years of experience, our team has the know-how to maximize your client base and assist you in selecting the perfect location.
Sometimes it does not make economical sense to build a brand new laundry. Laundry Shop also helps clients buy existing stores and replace and refurbish for new profitability!
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Resale Value
Self-service laundries can make excellent business investments. The typical store operates on a cash-in-advance basis with little inventory; thereby eliminating risks such as a control shrinkage, theft or spoilage. Plus, a self-service laundry is an owner-controlled business, creating a great degree of management control.
But what about a store’s resale value? Most often, self-service laundries pay for themselves in only a few years and can be sold at top dollar, according to the Coin Laundry Association (CLA), a non-profit, coin laundry trade association. In fact, most self-service laundries enjoy higher resale values, even though laundry equipment depreciates. CLA research indicates that coin laundries typically sell for between three and seven times their net cash flow – with average historic returns exceeding 40 percent.