New Investors (cont'd)
A coin/card laundry normally is located in a higher traffic, densely populated
areas with lower to middle income families. Parking is important and being
near a shopping center is a plus. Coin/card laundries can do well in certain
middle-to-high income areas with condominiums, apartments and townhouses
because many two income families like to drop their laundry off and have
it done for them. (This is called Wash-Dry-Fold service.) Residents also
may find it faster and more convenient to use a local coin/card laundry which
provides more washers and dryers than at their building's laundry room.
The cost to build a coin/card laundry or buy an existing one depends on the
location, size, equipment and leasehold improvements required for your
store. A Statewide coin/card laundry
average store size is from 1,800 to 6,000 + square feet, costing from
$175,000 to $700,000. Financing is
available from Statewide and a variety of sources. Statewide also provides
a turn-key service meaning we take the coin/card laundry construction from
start to finish for you! We help you after the sale, with marketing
support, grand opening celebrations and of course, parts and service.
For more information about this exciting and vibrant business, E-mail us
or call us at 800-432-1014. Our experienced professionals can guide you
every step of the way toward your own coin/card laundry business!
Learn more of the
Background of the coin/card Laundry Industry.
 
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