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.