Whether we are in a recession or a boon economy, people still need to wash their clothes! As with any business and especially with coin laundries, it is LOCATION, LOCATION, LOCATION!
Spin Techs Inc offers our advice for the preeminent locations to generate the greatest revenue. After 30 years in the commercial laundry business, we’ve seen it done the wrong way in too many instances. Let us help you determine the best opportunity for you.
Already have an open business that has some space? This is a terrific companion business that can generate additional revenue.
As with every new business, there are requirements that will need to be met. If you are already a business owner, that is a step in the right direction. Our manufacturer will finance up to 127% of the “list price” on the equipment.
This allows for any needed construction, plumbing or electrical work, and signage that may be required to facilitate the needs of a new coin laundry. The square footage of the location being proposed directly relates to the amount, type, and size of equipment that we will recommend.
The manufacturer or the financier will require an initial investment of 20% to 30% down payment. While that is a lot of money, consider what that investment will generate immediately on your opening day!
A business that is sure to make you money with no accounts receivable to wait on to get paid. No processing credit cards or accepting checks! The automatic change machines have fraud protection technology that won’t accept counterfeit bills. No worries about employees being robbed, or pinching from the till. Collect your money, and take it to the bank.
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