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What To Put In A Laundormat Business Plan?

 

Don't under or over estimate

your forecasted financials.

 

  Include an Exit Strategy

 

Include your startup expenses, a 3 to 5 year financial profit revenue increase

 

Show the invester how and when will they receive their invested money

 

Include the risk factors and the positive advantages of investing in a coin laundry business (show proven facts that in a recession proof economy how there will always be a need for a coin laundry business)

 

 
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COIN LAUNDRY INDUSTRY TIPS:

 

A Coin Laundry owner's most common dilemmas are:

  • Finding honest and hard working employees
  • Taxes
  • Unruly Customers
  • Vandalism
  • Competition
  • Water and Electric bill

 

If you decide to hire employees - their job description will include:

  • Wipe down the outside and inside of the machines
  • Sweep and mop the floor
  • Wipe down the folding tables
  • Clean the lint out of the dryers
  • Wash the windows
  • Empty the trash
  • Take Wash and Fold orders
  • Fulfill Wash and Fold orders
  • Clean the soap dispensers 
  • Clean vending and video game machines

 

What kind of profits can a Coin Laundry Business make?

If your annual gross income is about $1.2 million you can expect your expenses to be about $300,000. Your expense amount can run high or low it all depends on how you operate your Coin Laundry business.

Remember low expenses means a higher profit margin.

 

Coin Laundry - main operating expenses.

  • Rent     
  • Gas      
  • Sewer/Water
  • Electric
  • Trash Collection
  • Insurance
  • Personal Property Tax
  • Camera Security
  • Vending Expenses
  • Parts
  • Janitor/Attendants
  • Miscellaneous
  • Business Tax and License

 

How much can a Laundromat make?

A Laundromat's profits will vary according to the location, traffic flow, management, price of wash/dry, and any other added ancillaries you might have in your Laundromat that can bring in added income for you.

See below for some Laundromat (with just venue from washer and dryer sales) buying prices along with the monthly gross:
 

Buying Price        Monthly Gross

$89,000              $11,900

$130,000            $15,000

$248,000            $18,000

$431,000            $18,600

$590,000            $26,500

$648,000            $32,000

$750,000            $40,000

$800,000            $45,000

 

 

Customer Reviews:

 

I learnt about the laundromat business, opening a laundromat, starting a laundromat, buying a laundromat, coin laundry associations and different resources available, laundromat equipment, laundromat profits, laundromat financing, and what crucial laundromat information I must include in my laundromat business plan.
- Chester, New York (USA)

There was a free sample coin laundry business plan with the laundromat guide. It included laundromat business profits, a laundromat marketing plan and other helpful templates.
- Fulfirn, Melbourne (Australia)

I learnt the cost of a laundromat...laundromat layout..laundromat profits.
 - Rachel, Toronto (Canada)

Quite easy to read and understand. Not a complicated and boring business book.
- Charlie, England (United Kingdom)

Writing a convincing Coin Laundry Business Plan is a great business planning resource. 
- Harcourt, New Jersey (USA)

The coin laundry business book helped me understand how to start a laundromat, how to open a laundromat, laundromat financials, and profit margins, laundromat start up expenses, and also was able to use their coin laundry business plan for my business.  
- David, Detroit (USA)

A good read. I learnt how to open a coin laundry, coin laundry financials, how to start a coin laundry, managerial and employee descriptions.  
- George, California (USA)

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