AN INVESTMENT OPPORTUNITY
The Role of Commercial Laundry Sales & Service
Planning a card or coin operated laundry isn’t easy. There’s a lot to consider, and that’s why we do our best to work with you in the early stages to carefully walk you through site selection, equipment mix, store layout and flow, amenities, financing and service after the sale. Having just celebrated our 10th Anniversary, we have been helping customers for a long time, and we have the expertise in knowing what works and what will help you to be most successful in your next investment.
Locating Your Store
Determining the best location for your store is key to it’s success. That’s why it is critical to locate your store in a demographically appropriate area. There are many factors to consider, including traffic density, population, competition, availability of utilities, store visibility and even parking! Growing up in Kansas, we understand the unique market of both rural and urban areas and the diversity that comes with those. By understanding the area and clientele, we help you to target key locations based on demand, in order to find the perfect one for the most profitable investment.
Sometimes it does not make economical sense to build a brand new laundry. CLS&S can also help clients buy existing stores and replace and refurbish for new profitability!
Coin and card operated laundries can make excellent business investments. The typical store operates on a cash-in-advance basis with little inventory; thereby eliminating risks such as a control shrinkage, theft or spoilage. Plus, a coin or card operated laundry is an owner-controlled business, creating a great degree of management control.
But what about a store’s resale value? Most often, self-service 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. In fact, most coin and card 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 25-30 percent. This makes owning a laundry a financially secure investment.