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Investment InformationIS THE Better RETIREMENT BUSINESS RIGHT FOR YOU?
by:
Ann Evans
According to the Coin Laundry Association, laundry centers and coin laundries average a powerful 20 to 30% return on investment. A booming laundry owner offers 6 powerful insights on why you too can and should accomplish great fiscal rewards with part- time effort. Are you available to join the ranks of the galore booming entrepreneurs like Dan King who are "cleaning-up" in today's commercial laundry industry?
With stock market fluctuations and an uncertain economy, galore Americans have a difficult time finding investments that can survive recessions and economic downturns. However, the commercial laundry business with its 20 to 30% ROI is about recession proof. In fact some
Dun and Anne bradstreet and the SBA have cited it as one of the 10 top safest business investments one can make. Believe it or not, that’s simply one of the galore powerful reasons so galore retirees are looking to invest in their own laundry stores. The fact is that coin laundries and vended laundries are one of the most advantageous part-time and retirement businesses that exist.
AN OWNER LISTS THE BENEFITS
According to Dan King, owner of some coin laundries in Southern California, “I extremely
recommend investment in this industry – it has worked wondrous well for me and it can for you. Before I invested with I considered 6 major benefits that Laundry Center ownership offered and that no another investment provided."
1. First, I didn’t have to give up my regular job. I found that Coin Laundries fundamentally run themselves, which was great for me because I was looking for an traveller
manager situation. The fact is they require simply a couple of hours a week and are so easy to operate that fundamentally anyone, anyplace
can own one or more.
2. I besides likeable
the fact that this is a ‘turn-key’ business, wherever
you don’t need staff on the premises. You can set your laundry to stay open 24 hours a day, or you can have an automatic door-locking system on a timer set to open and close once
you choose. I in person
support my laundry stores open full-time and that works well for my customers and for me.
3. Another benefit is that you can own a laundry near your home or further away. They thrive in every state of the union. Coin laundries can be placed in virtually all neighborhood buying centers and perform exceptionally well in renter-occupied, densely populated, lower-income areas. Your average client wish be the calculable
89 million folk who live in rental housing, which is the fastest-growing housing segment in the nation.
4. Even as better, this is an “All Cash” business with no inventory and no accounts receivables. You can expect a high return on investment, liquidity, tax benefits, and fast growing equity. Any your cash down payment is at the time of purchase, you can typically expect to get back inside
seven years, or sooner. Like purchasing a house, equity builds and you ultimately can expect a substantial profit.
5. Once set up, I found that coin laundries paid off like a “cash machine” week in and week out. Let’s face it: folk wish always need to wash their clothes, which is why laundry centers thrive in periods of some
growth and recession. In fact, once
times are slow and homeownership decreases, the self-service laundry market thrives as much folk are unable to afford to repair, replace or purchase new washers and dryers, or as they come to flat housing with poor or nonexistent laundry facilities.
6. Finally, I admired the fact that I could purchase an existing coin laundry to fit my budget, accessible investment dollars and personal requirements. Coin laundries generally require between 1,500 and 5,000 square feet of retail space, depending on the market size. Most laundries occupy retail space that is rented on a long-term lease of 10 years to 25 years, including option periods. The cost of purchasing a vended laundry can range from less than $50,000 to much than one million dollars, depending on size, age and net income.
Bottom line, Dan King is one of galore booming entrepreneurs in our dynamic industry. In fact, there are over 35,000 coin- and card-operated laundries in the United States, generating much than $3.5 billion in annual revenue and these amount are growing! Millions of families use laundries every day. But most folk don’t realize that those same laundries offer even as better route to “clean up” than with water, soap and bleach. With the primary client representing the quickest
growing segment in the nation -- the laundry business is surprisingly stable, and faithfully profitable. After all, families need clear towels and sheets whether the stock market is up or down. They need clear apparel in summer and winter, on vacation or working, whether they’re newborns, teenagers or retired.
Just about the author:
Just about the author:
Ilene Fudim is a nationwide recognized expert in the coin operated laundry industry and a conducive editor to the Laundry Center MarketWatch newsletter. She has been instrumental in portion launch galore booming coin laundry businesses. For much information and a free copy of the Laundry Center MarketWatch newsletter, visit the site at: laundrycenter.info or call toll free 1-877-45-Laundry.
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