Commercial Laundry: New Investors
Welcome to the coin laundry industry! We appreciate your time in evaluating the business opportunity we have to offer you and look forward to assisting you as you develop your business plan. We offer the following information to give you enough insight into the business to determine whether a coin laundry store is the right investment to start your own business, or to diversify your portfolio.
We have been building Maytag coin laundry stores since 1990 and offer you our experience without franchise fees. The fundamentals of the coin laundry business are very straight forward, however, there are many strategic decisions that need to be made.
- Select a qualified, experienced and financially stable distributor.
- Determine your business goals both short term and long term.
- Search for a location.
- Lease and/or purchase negotiations for the intended space.
- Space layout.
- Select qualified contractors
- Equipment training, marketing and operational requirements for start-up.
The typical investor has a minimum of $100,000 in liquid assets to start the process and a net worth in excess of $500,000 including primary residence equity.
Caldwell & Gregory, LLC is a proud member of the CLA Association and we recommend you take a look at their website as they have many excellent training and evaluation tools.