Coin Laundry Checklist
Like any other investment, getting into the coin laundry
industry requires careful due diligence and advance planning. It is
important to do some basic research first to determine if this is a
good investment for your particular situation. Selecting the right
distributor can go a long way. Our global network of distributors
will assist you with all of the following steps:
Start by analyzing your own financial situation. What is your
net worth? What free cash do you have available? What free time do
you have available? Do you want to buy an existing store or build a
Select the potential location and run an extensive demographic
analysis. Once you know who your potential customers are, find out
which laundries they currently patronize and develop a competitive
analysis of your competition.
With demographics in mind, develop the mix of models and
capacities that your customers will appreciate. Lay out the store
with a CAD drawing.
Finalize your model mix and layout and have your distributor
take you through the zoning, permit and construction process.
Submit paperwork for financing (if applicable).
Start looking for a qualified attendant, plan your advertising
and continue to analyze your competition.
Once again, it's very important to work with your distributor
throughout the process. As more questions arise, you want the best
distributor by your side as your consultant. They know the local
market, they have built stores in the past and they know where you
can cut corners and where you should not. And they have the local
support available to help make your venture a success.