Are you an apartment building or multi-family housing facility owner looking for a smart and convenient way to increase your revenue, cash flow, and property value with a relatively low-maintenance business opportunity?
As a laundromat owner, it’s not unrealistic to expect returns upwards of 25 to 35 percent. Your profit, however, rests in the quality and performance of your machines, location, and marketing efforts, among other factors.
Whether you’re a laundromat owner or have multi-housing or on-premises laundry equipment, it’s important to keep your commercial laundry equipment up to date. Replacing old and outdated equipment with new machines provides many benefits, from increased end-user satisfaction to improving your bottom line.
Washers and dryers are the lifeblood of a laundromat business. The Coin Laundry Association (CLA) conducted a survey to discover laundromat owners’ attitudes, perceptions, and strategies with regard to the replacement of washers and dryers in their businesses.
Whether you currently own a laundromat, are looking to start a laundromat business, or own a multi-housing property, there is a payment option for you.
At Lakeside Laundry, a big part of what we do is help entrepreneurs and investors start their own laundromats. We’ve written often about laundromats as a flexible, easy-to-start and high-ROI business and how we can help with every step of design and construction. Because I’m also a part owner of two laundromats, I can attest to that.
Looking for a reliable investment opportunity that’s easy to start, flexible, and cash-generating? Starting a laundromat business might be for you.