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Turning Point (watch video)
The turning point in most people's
home business career when they
start getting the results that they
were seeking:
The turning point in most people's
home business career when they
start getting the results that they
were seeking:
Get On My List And Learn How To
Make Money, Market and Promote
Your Business:
Make Money, Market and Promote
Your Business:
Popular On Network
Opportunities
Today:
Surrendering to Your
Dreams
How to Become an
Entrepreneur in Network
Marketing or MLM:
Are Home Based
Businesses Legit or Just
Scams?
Don't Let Friends and
Family Steal Your Dreams:
How to Start a Home Based
Business
Time Management for Your
Home Based Business
Opportunities
Today:
Surrendering to Your
Dreams
How to Become an
Entrepreneur in Network
Marketing or MLM:
Are Home Based
Businesses Legit or Just
Scams?
Don't Let Friends and
Family Steal Your Dreams:
How to Start a Home Based
Business
Time Management for Your
Home Based Business
About the Author:
Rory Singh is an Internet Marketer, Webmaster and Author. He has been involved with
Internet Marketing and the Home Business Industry since 2005. He shares strategies, tips
and resources for building successful Internet Business' with entrepreneurs.
Looking for a way to make Passive or Residual Income?
Here is an opportunity to make money without ever having to leave your home. It can have
more profit potential and costs way less than a laundromat to start. Best of all, it's a lot of fun!
Visit his: web page today!
Rory Singh is an Internet Marketer, Webmaster and Author. He has been involved with
Internet Marketing and the Home Business Industry since 2005. He shares strategies, tips
and resources for building successful Internet Business' with entrepreneurs.
Looking for a way to make Passive or Residual Income?
Here is an opportunity to make money without ever having to leave your home. It can have
more profit potential and costs way less than a laundromat to start. Best of all, it's a lot of fun!
Visit his: web page today!
Buying a Laundromat - Starting a Laundromat Business
Learn the: Secrets of Buying and Owning Laundromats
Location:
This is a very important factor because in order for you to get enough business you need a
good area accessible to people with or without cars.
If you pick a high traffic area with a lot of apartments & transit nearby then business will be
better for you. Apartment people are not the only people that choose to use Laundromats to
wash their clothes.
Many residents who live in houses use Laundromats because they save on energy costs &
enjoy doing multiple loads at the same time.
Make sure that the entrance to the business is very visible from the street.
Existing Business:
Existing coin laundries are appraised primarily on existing incomes.
If you find an existing business then make sure to find out why they are selling the business in
the first place. If it is due to retirement or illness then that is okay.
If they are selling due to lack of success then that may be a red flag right there. It does not
necessarily mean that you will have the same luck especially if they are located in a high
traffic area.
Their reason for failure may be due to poor management skills or lack of experience in
entrepreneurialism. That is the main reason why most businesses fail.
Brand New Business:
New coin laundries are measured based on actual building and equipment costs.
If you are starting a business from scratch then make sure to get an affordable location
compared to your income projection. Do some research & find out how much other
Laundromats in the city or town make.
Make sure to find good machines especially if you are purchasing used ones. Also make sure
that you have someone that can come in & do maintenance on them periodically. If you are
handy then you can save a lot of money on repairs.
Retail Space:
The Coin laundromat can generally take 1,000 to 5,000 square feet of retail space. The
median being 2,500 square feet.
Equipment Life:
Benefits:
Owning your own laundromat business can be very rewarding. It will allow you to become your
own boss if you aren't currently one already. It can be a very prosperous business decision
providing that you cover all of your bases (do your due-diligence) before starting your
business. It can also provide you with a Passive Income Stream given the fact that you won't
always have to be there to earn income.
Location:
This is a very important factor because in order for you to get enough business you need a
good area accessible to people with or without cars.
If you pick a high traffic area with a lot of apartments & transit nearby then business will be
better for you. Apartment people are not the only people that choose to use Laundromats to
wash their clothes.
Many residents who live in houses use Laundromats because they save on energy costs &
enjoy doing multiple loads at the same time.
Make sure that the entrance to the business is very visible from the street.
Existing Business:
Existing coin laundries are appraised primarily on existing incomes.
If you find an existing business then make sure to find out why they are selling the business in
the first place. If it is due to retirement or illness then that is okay.
If they are selling due to lack of success then that may be a red flag right there. It does not
necessarily mean that you will have the same luck especially if they are located in a high
traffic area.
Their reason for failure may be due to poor management skills or lack of experience in
entrepreneurialism. That is the main reason why most businesses fail.
Brand New Business:
New coin laundries are measured based on actual building and equipment costs.
If you are starting a business from scratch then make sure to get an affordable location
compared to your income projection. Do some research & find out how much other
Laundromats in the city or town make.
Make sure to find good machines especially if you are purchasing used ones. Also make sure
that you have someone that can come in & do maintenance on them periodically. If you are
handy then you can save a lot of money on repairs.
Retail Space:
The Coin laundromat can generally take 1,000 to 5,000 square feet of retail space. The
median being 2,500 square feet.
Equipment Life:
- Topload Washers (12 lbs. to 14 lbs.): 5-8 years
- Frontload Washers (18 lbs. to 50 lbs.): 10-15 years
- Dryers (30 lbs. to 60 lbs.): 15-20 years
- Heating Systems: 10-15 years
- Coin Changers: 10-15 years
Benefits:
Owning your own laundromat business can be very rewarding. It will allow you to become your
own boss if you aren't currently one already. It can be a very prosperous business decision
providing that you cover all of your bases (do your due-diligence) before starting your
business. It can also provide you with a Passive Income Stream given the fact that you won't
always have to be there to earn income.
You can make a lot of money in the Laundromat business. Laundromat businesses are virtually
recession proof. They can thrive during periods of economic growth & during periods of
recession.
The Laundromat business is a good business idea because there has always been a need for
this type of business & there will always be a need. There is a demand for this type of business
in almost every neighbourhood.
Please keep in mind that the benefits of owning your own laundromat business definitely can be
rewarding but at the same time it does involve risk just like in any business venture. Take some
time to get educated about the laundromat business before you even start your search.
Income Predictions:
Coin Laundromats can generate incomes from $14,000 to $205,000 per year depending on
area. Income consists of mainly wash & dry revenue. Additional income could consist of dry
cleaning, wash/dry/fold & vending machines.
recession proof. They can thrive during periods of economic growth & during periods of
recession.
The Laundromat business is a good business idea because there has always been a need for
this type of business & there will always be a need. There is a demand for this type of business
in almost every neighbourhood.
Please keep in mind that the benefits of owning your own laundromat business definitely can be
rewarding but at the same time it does involve risk just like in any business venture. Take some
time to get educated about the laundromat business before you even start your search.
Income Predictions:
Coin Laundromats can generate incomes from $14,000 to $205,000 per year depending on
area. Income consists of mainly wash & dry revenue. Additional income could consist of dry
cleaning, wash/dry/fold & vending machines.
Laundromat Start Up Costs:
Coin Laundromats can cost anywhere from $35,000 to over $1,000,000 in market value.
The cost of a Laundromat will vary depending on the state or province that you are in. If you
decided to start a Laundromat business in the state of Florida the start up costs may be a lot
lower than in the state of New York. Keep in mind that the cost of living & profits you will make
will also reflect that area. If the location is expensive then you should expect your expenses to
be higher.
Retail Space:
The Coin laundromat can generally take 1,000 to 5,000 square feet of retail space. The
median being 2,500 square feet.
Coin Laundromats can cost anywhere from $35,000 to over $1,000,000 in market value.
The cost of a Laundromat will vary depending on the state or province that you are in. If you
decided to start a Laundromat business in the state of Florida the start up costs may be a lot
lower than in the state of New York. Keep in mind that the cost of living & profits you will make
will also reflect that area. If the location is expensive then you should expect your expenses to
be higher.
Retail Space:
The Coin laundromat can generally take 1,000 to 5,000 square feet of retail space. The
median being 2,500 square feet.