Is a laundromat a good investment?

You are helping someone clean their family's clothes. This can lead to a bond where you can be handsomely rewarded if you can appreciate the interpersonal dynamics of the experience. 

• There are over 25,000 laundromats across the country and the average age is over 20 years.
• There have been more advances in laundromat technology in the last ten years than in the previous 80 years. These improvements have impacted utility efficiencies, payment systems, security and customer satisfaction to name just a few.
• Your customers provide 95% of your labor at no cost to you.
• The secrets for success are fairly simple. Is your laundromat clean? Is your laundromat well lit? Is your laundromat safe? And, do your machines work? Having said this, the challenge is in offering a consistently excellent product every day.
• Laundromats rarely struggle but when they do it is due to the owner becoming complacent with one or more of the above "secrets"
• Given the amount of analysis we invest in every location, a double digit return on your investment can be a very fair expectation. 
• The laundromat industry rewards entrepreneurship. You have a captive audience for 70 minutes +/-. The stronger the bond you build with your customers, the more you will be rewarded.

Take a few minutes to fully digest the above and if this sounds like something where you would like to learn more, please contact us. This isn't about a transaction, but rather about building a relationship.