Business Opportunities in Self-Service Laundries

photo of interior of beautiful laundromatCard- and coin-operated laundries can make excellent business investments. The typical self-service laundry operates on a cash-in-advance basis with little inventory, which eliminates risks such as a control shrinkage, theft or spoilage. Plus, a card or coin laundry is an owner-controlled business, creating a great degree of management control.

Vended Laundry Resale Value

Most often, card- and coin-operated laundries pay for themselves in only a few years and can be sold at top dollar, according to the Coin Laundry Association (CLA), a non-profit, coin laundry trade association. Additionally, most coin-operated laundries enjoy higher resale values, even though laundry equipment depreciates. CLA research indicates that coin laundries typically sell for between three and seven times their net cash flow – with average historic returns exceeding 40 percent.

Getting into the Vended Laundry Business the Right Way

row of washers in a modern and clean laundromatInvestment opportunities abound when it comes to the coin laundry industry. But planning a card- or coin-operated laundry isn't easy. At CG West, we partner with investors and walk them through the process of coin laundry site selection, equipment mix, layout and flow, amenities and financing. We have been in the commercial laundry business a long time – we know what works and we want you to succeed.

Locating Your Coin Laundry

The first step is determining a good location for your coin laundry investment – a place where there is appropriate traffic density, population, competition, availability of utilities, store visibility and parking. The team at CG West assists investors with making thoughtful investment decisions to make their coin laundry dreams a reality.

Improving Existing Vended Laundries

Sometimes it makes economical sense to improve existing coin laundries using unique laundry equipment, ancillary items and services. That's why we also help investors refurbish existing card- and coin-operated laundries for new profitability!