FAQ

How much can I expect to earn on my investment?

Important factors affecting the earnings potential of a modern coin laundry are its location, demographics, the size of the store, the mix of equipment, advertising and promotion, and good management. Depending on these variables a coin laundry can generate up to 50% on the cash invested.

What is a good location for a coin laundry?

Your laundry should be located in a high-traffic, populated, middle-to-low income area with parking next to or within a neighborhood shopping area. Coin laundries have traditionally done well in middle-to- high income areas when located near condominiums, apartments and townhouses, because many two income families find it faster, safer and more convenient to use the local coin laundry which provides bigger, more efficient, better washers and dryers than at home or in a building laundry room.

Can Laundry Systems help me find a good location?

Yes ! Finding and recommending good locations is among the many services provided by Laundry Systems. Laundry Systems can also provide store design, layout, and equipment size and model recommendations, and assistance in negotiating a lease.

Does it require any special skills to own and operate a self-service coin laundry?

No. A coin laundry is a self-service business. No special skills are required. The most important factors in your success are you, your business management skills, desire, perseverance, and a well-equipped coin laundry with professional front load laundry equipment in the right mix of models and and sizes, and a location in a good site. Laundry Systems will assist you with ongoing marketing guidance and promotional recommendations.

How much does it cost to build a professional coin laundry?

The cost depends on the size, equipment mix, and amount of needed leasehold improvements. Today’s professional coin laundries range in size from 2,000 to 5,000 square feet. A properly designed and equipped laundry can cost between $175,000 to $475,000. With a minimum cash investment of $60,000 to $100,000.

Can I obtain financing?

Yes! Laundry Systems can assist you in obtaining low-cost financing. We have several good sources in which to obtain financing, and can get decisions in as little as five business days from the date of the necessary credit information.

Has new technology changed the way coin laundries are managed?

Definitely! There have been many innovations that have literally changed the way laundries will be managed and operated.

1. Today, washers and dryers allow you to use your personal computer in your home, office, or anywhere to manage and monitor your laundry and the equipment. Simply dial into your business. Windows based software links a personal computer with your store to create a seamless 2-way network, by modem, over ordinary telephone wires, 24 hours a day.

2. Cash/Debit Card systems can eliminate the need for coin meters, coin counters and problems associated with coin meters, and provides you with a precise record of money received. Cash/Debit Card Systems can eliminate losses from “silent partners” and vandalism. It creates a cash float and customer loyalty when they purchase or add value to their cash/debit card. You can receive electronic cash intake accountability on each machine, track time and dates of each machine’s usage, and determine the appropriate times to run special business building pricing, anytime of the day or any day of the week. Cash/Debit Card systems deliver state-of-the-art off-premises management control and electronic data collection,

The Laundry Systems Peace of Mind When you equip your laundry with energy-efficient washers and dryers, you’re making a smart investment in a solid future. You can be assured that Laundry Systems will be there, not only for your initial turn-key investment, but also to assist you in building your business and expanding it to your second, third and forth coin laundry.

For more on how you can own a coin laundry business, call Laundry Systems toll free at 1-800-643-9274