Monday, April 29, 2013

Advantages of investing in a coin laundrymat

- cash based business
- higher return on investment than other opportunities, ranging from 25 to 125% return on investment
- financing options from manufacturers
- rental options on laundry equipment
- buying used laundry equipment as an option
- no inventory
- no accounts receivable

Choosing the location for a coin laundry business

- Areas with lots of apartments
- Areas where multiple families live in a single home
- Areas close to universities
- Areas of low to medium income families - too poor and security is a problem, too rich not enough people need laundrymats
- busy shopping centers with lots of traffic




Coin Laundry Business Helpful Links


How to Start a Coin-Operated Laundry
Like things neat and clean? Then starting a coin-op laundry might be your ticket to entrepreneurial success.

http://www.entrepreneur.com/article/190424



Coin laundry equipment selection: dryers

Things to look for
- fully perforated drums
- energy efficiency 
- drying speed
- oversize bearings
- stackable dryers to save retail space
- high capacity or drying space
- strong construction
- durable stainless steel parts


You really have to have industrial strength dryers for a coin laundry. Only a commercial grade dryer will be worth it and some are better than others.



Thursday, April 25, 2013

Buying Coin Washers and Dryers on Credit by Factory Financing

Another idea to keep startup costs low is to buy the coin washers and dryers on credit. Interest rates are low right now, but it doesn't hurt to check with the manufacturer to see if there is any special financing available. Remember, they want to sell washers and dryers.

Download a financing application in PDF format

Renting coin washers and dryers




You can actually choose to rent washers and dryers for monthly payments that are often less than a service call charge.

Monthly equipment payments include the cost of the machine, freight, installation, preventative maintenance,  service calls, labor and parts.  It may even provide tax incentives since your rental payments are part of your overhead.

Used and Rebuilt coin washers and dryers.


 You can start your business with used and rebuilt equipment. There are distributors who rent hundreds of washers and dryers yearly under rental programs. That means these commercial coin laundry distributors have machines for resale. The washers and dryers were maintained and or rebuilt by factory trained technicians using OEM parts.

Dexter coin washers for coin laundry start ups



More on Dexter coin washers here

Friday, April 19, 2013

Coin laundry equipment selection: washers

Two brands to look at are Dexter and Whirlpool.

 Dexter Commercial A-Series washers are specifically engineered for the laundromat owner demanding greater efficiency, performance and marketing capabilities from their laundry equipment. All Dexter commercial washers are available with coin drops, programmable coin drops or integrated Easy Card. Every Dexter commercial washer includes infrared communications, programming capabilities and advanced marketing features like Plus Cycle. See spec sheets and brochures on Dexter Coin Washers


Whirlpool Washers are solid equipment and of course the Whirlpool brand is know by all. Another great choice for commercial coin or card laundry washers. see spec sheets and brochures on Whirlpool coin and card washers

Coin Laundry Business Help



This company can help you start a coin card laundry business. They are a coin laundry distributor but they can help you with


  • Site selection and analysis
  • Equipment selection
  • Choose store management option - coin or card
  • Financing Options
  • Installation
  • Start-up and Training
  • On-going Support

Name of the company is Aadvantage Laundry and they are a coin laundry equipment distributor but they can help with your start up questions and implementation.

Coin Card Laundry Are Successful Businesses

Commercial Coin Laundry Distributor promotional video

This commercial coin laundry equipment distributor is based in Dallas, Texas but sells in a wider territory. Good company to contact if you are serious about setting up a coin or card laundry business. They do much more than sell equipment. They sell Dexter as well as other brands that are great for coin laundry businesses.

Wednesday, April 17, 2013

Coin Laundry Business Maintenance

Washers, Dryers, coin machines, etc. need to be maintained and fixed

You should have the idea that time or money will be needed for regular maintenance and unexpected breakdowns. Parts will cost money and so will labor.


Decisions:

  • Do it yourself
  • Have a distributor do it
  • Hire a maintenance employee
I chose to go with a coin laundry equipment distributor that offered warranty parts processing, OEM parts, and factory trained service technicians. They even offer annual service schools, where factory personnel and their service manager teach a class on proper preventative maintenance and repair of Dexter products. I also purchased customized maintenance training where a factory service technician spent a day teaching me  how to maintain my laundry equipment.

Tuesday, April 16, 2013

What Brand of Washer and Dryer for a Coin Laundry?

Two big name brands to consider are Continental and Dexter.

I chose a Dexter coin washer for my needs and I wasn't totally scientific about it. The front loading Dexter Washers weigh less than a similar type Continental and are a bit smaller.

factors to consider:

- interior space or capacity of the washer
- size
- weight - did anyone say shipping?
- speed of how fast the washer spins - can mean less dry time and cleaner clothes if it spins fast

Entrepreneur Article about how to start a coin laundry business

http://www.entrepreneur.com/article/printthis/190424.html