| More folks are retiring earlier for a variety of | | | | business is in a densely populated, urban area where |
| reasons, either by choice or motivated by the | | | | a high percentage of those living in the area rent |
| ever-more-common "Golden Handshake" retirement | | | | their housing. |
| incentives. Because of their relative youth they end | | | | Both the brand name and reliability of the appliances |
| up stuck in the middle; too young to stop working | | | | should be taken into account. Big name companies |
| completely, but advanced enough in age to not be | | | | like Whirlpool and Maytag can provide you with |
| looking for another serious career. | | | | energy-efficient commercial-grade machines certified |
| If this sounds like you, think about putting your "nest | | | | with the Energy Star rating. This keeps more money |
| egg" up to start a coin operated laundry. This can be | | | | in your pocket and even helps the environment. |
| a very profitable opportunity to explore for a person | | | | You must make a vital choice, whether to buy your |
| who wants to stay somewhat retired. No attendants | | | | own equipment and be stuck with the usual |
| are present in the majority of self-service laundry | | | | maintenance issues or contact a company that will do |
| facilities. Because they need no inventory or | | | | the upkeep for you. The advantage of contracting |
| receivables, laundries are a perfect small business. | | | | with an existing company to supply your appliances is |
| As of the 2000 US census, about 86 million people | | | | simple; they ensure your main sources of income are |
| were renters. That’s almost a third of the | | | | always working at their best under the strain of a |
| population. Many have laundry facilities which are | | | | busy self service laundry. |
| either inadequate or non-existent. Even homeowners | | | | Correct maintenance techniques include regularly |
| sometimes don't have washing or drying facilities of | | | | cleaning dryer vents and exhaust hoses to keep |
| their own, requiring the use of a self service laundry. | | | | them working at top efficiency. Staying on top of |
| When the overall economy is down, more | | | | maintenance keeps your machines running at full |
| homeowners will find themselves unable to fix or | | | | power and extends their life span, maximizing your |
| replace broken appliances. But you can't cut corners | | | | revenue. |
| on clean clothes, much like food or a roof over your | | | | If you decide to use a laundry service company, |
| head. Potential customers for your business include all | | | | make sure their equipment uses revenue-saving loss |
| of those who don't own their own washer and dryer. | | | | prevention features like non-resetable coin counters. |
| Your main sources of income will be from washing | | | | Your contracted company should be ready to |
| and drying. Laundry detergent, bleach, fabric | | | | provide service calls at a moment's notice. A |
| softener, and dryer sheets can be sold in the facility | | | | company with good credentials should be able to give |
| offering you additional ways to earn income. A | | | | you plenty of evidence from other satisfied |
| steady cash flow occurs when you install vending | | | | customers to confirm their reputation. |
| machines for sodas, chips, and other snacks. | | | | Whichever method you choose to own and maintain |
| Choosing a proper location is just one of many points | | | | the equipment, the self service coin operated laundry |
| to think about when planning a new coin operated | | | | business can be the part time job and full time |
| laundry business. The ideal place to locate a laundry | | | | income you need for the retirement you deserve. |