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Maximizing Your Coin Laundromat's Value

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 Every coin laundromat owner will eventually have to decide whether moving on or pursuing other ventures. No matter what reason you have for selling your coin laundry, it could still be a valuable asset. Your business's value could be affected if your store isn't managed well, you don't have accurate financial information and you haven't planned ahead for the sale. Contrary to what you might think, you don't have to list your store for sale the day it is purchased Commercial Washer and Dryer . You should ask yourself the following question: "What can I do now to increase the value of my Laundromat over the next two to three years?" Here are three things you can do to increase the value of your coin laundry. Step 1 - Calculate the Valuation of Your Laundromat A multiple of net income is used to value businesses that make profits. In the case of the coin laundry business, this multiple is called the SVM (Store Value Multiplier). This is the sum of th

Laundromat For Sale - Is This the Right Time to Buy?

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 The recession is over. Many people who are still unemployed believe that their best option is to start a new business, buy an existing one, or franchise a business. They now have to choose the type of business they want and what business model they prefer. There are many options. This is especially true for many small-business owners who have been there before and are ready to sell Hotel Laundry Equipment . A friend suggested the idea of purchasing an existing laundromat. Previously they had considered starting a service-based business that they could work 9-5 hours. They realized that the service business was too difficult and required more work than they expected. So they started looking into business models that could be run by themselves. Although they appear to be virtual, coin-op Laundromats are not absentee-type businesses. This is especially true if they offer "Fluff and Fold” drop-off services. It isn't as simple as it seems. It is not possible to have "abse

Laundromat Business Information and Resources

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 Although starting a laundromat may seem easy, it is not as simple as it seems. Laundromat owners who rush to start their business end up spending too much, misjudging the market, or making mistakes that can lead to financial loss and even closure. Others do everything right and reap the passive income this business model offers Laundromat Equipment for Sale . The difference between the successful owners of laundromats and those who lose is what they do. The difference lies in the preparation, research and planning that goes into opening a coin laundry. You can increase your chances of success by doing your research and obtaining quality information. It is important to do your research and seek out advice from others. Below are some possible sources of information for laundromat businesses. Books and Startup Kits It is a great idea to read about the laundromat business. Many books are available online. Online books and startup kits can be purchased online. If possible, get info

How to Get Laundromat Business From Commercial Accounts

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 You can build a loyal customer base for your laundromat by focusing on commercial accounts. Commercial coin laundries aren't just for households. Businesses often require washing and drying machines on an ongoing basis. They may outsource this task to a local laundromat Commercial Washer and Dryer . This article will take a look at the types of businesses that are most in need of laundry service. I discuss the importance of commercial accounts and explain how to start a laundromat business. Laundromats Used by Businesses You might think of local businesses that sell sheets, towels, linens or uniforms. These businesses include restaurants, hair salons and motels, as well as health clinics, beauty salons and gyms. Many businesses will have their own drying and washing machines, but some don't. Some people will have their own equipment, but they may find it difficult to use at times. Why do you need commercial accounts The best part about commercial accounts is the fact

How a Commercial Top Loader Washing Machine Can Help You Make Money

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  Many people have their own washers and dryers. Others go to the Laundromat to wash all their clothes  Laundromat Equipment for Sale .

Commercial Laundry Finishing Equipment

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    If you own a commercial laundry, you'll know that a lot of what your customers think of the quality of your work comes down to the final finishing/ironing of their clothes  Commercial Washer and Dryer .

Coin-Op Laundry's Quest for the Fastest Washers and Dryers

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  Customers should consider drying and washing times when selecting a coin-op laundromat. It is not something that anyone wants to do, especially when they have busy lives at work and home  Laundromat Equipment for Sale .