Just Elementary, Inc. » Entries tagged with "Laundry"
4 Reasons to Buy A Laundromat.
Without further ado, here are the commonly bandied around reasons why laundromats seem like great investments. 1. Passive Income 2. The Business Offers a Valuable Service for the Neighborhood that you can take pride in providing 3. Flexible Hours 4. Simple Cash Business You just got back from that Robert Kiyosaki, Donald Trump, T. Harv Eker seminar and you are pumped to get some passive income. Yes, and Laundromats may have come up as a source of passive income. So … Read entire article »
Filed under: Business Tips
Demographics and Leasing (More to it than meets the eye) Case Study: Existing Laundry Owner
From our sister site, laundryanalytics.com, comes a brief story about an existing laundry owner in the Phoenix area and his history in the business. Here is a short primer on the story. The Arizona retail market has been severely struggling since the recession began, which has really impacted laundry owners. Laundromats depend on dense residential areas for business, and in the Arizona market, many people have fled as construction jobs and other low wage retail … Read entire article »
Filed under: Business Tips
Due Diligence Buying a Coin Laundry Laundromat
A self service ‘coin’ operated laundry sounds like a glamorous and easy profit business. It isn’t, but it can be. If you polled a lot of laundry owners, as we have, you will find that most of them will tell you from experience that there are a lot of ways to lose your shirt when investing in a laundry business. While a coin laundry sounds like a simple business that you buy and then collect … Read entire article »
Filed under: Business Opportunity For Sale, Business Tips, Due Diligence, Featured
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