Want to Acquire a Profitable Existing Coin Laundry?
Who Are We?
LAUNDRY DEVELOPMENT & MACHINERY, LLC (ESTABLISHED IN 1985) IS THE ONLY FIRM IN MICHIGAN THAT SPECIALIZES IN ASSISTING CLIENTS TO ACQUIRE AN EXISTING PROFITABLE OPERATING COIN LAUNDRY IN SOUTHEAST LOWER MICHIGAN FOR APPROXIMATELY 1/3 OR LESS THAN THE COST OF CONSTRUCTING A NEW FACILITY IN LEASED SPACE.
Extensive Past Experience
OUR EXTENSIVE PAST EXPERIENCE IN LAUNDRY CONSTRUCTION AND OWNERSHIP AND SUCCESS IN ACQUIRING EXISTING COIN LAUNDRIES FOR CLIENTS QUALIFIES US TO MENTOR YOU IN THE MOST PROFESSIONAL MANNER. WE ARE NOT REAL ESTATE BROKERS AND ONLY CHARGE A VERY AFFORDABLE AND REASONABLE MENTORING FEE FOR OUR SERVICES AND DO NOT PROFIT OTHERWISE FROM THE SALE PRICE. WE REPRESENT ONLY YOU. NOT THE SELLER.
Benefits of Coin Laundry Ownership
- No receivables—all cash business
- Very few employees. Only one attendant per shift
- Customers do their own work
- Recession resistant
- Non-seasonal regular cash flow
- Can be effectively absentee owned (Many Are)
- Large replication of machinery to always back you up
- Can be uncommonly profitable
- No product inventory…actually you are just buying and selling utilities (water, gas and electricity)
- Nobody, including attendants, have access to your money, ever!
The Coin Laundry Industry is huge!
ON AN ANNUAL BASIS THE COIN LAUNDRY INDUSTRY IN THE UNITED STATES GENERATES APPROXIMATELY $5,000,000,000 (THAT’S BILLION!) IN REVENUE AND, IN FACT, ABOUT $14,000,000 MILLION DOLLARS IS SPENT IN COIN LAUNDRIES DAILY.
ADDITIONALLY, THE COIN LAUNDRY INDUSTRY HAS BEEN DESIGNATED AS AN ESSENTIAL INDUSTRY BY THE UNITED STATES GOVERNMENT AND IS THEREFORE LEGALLY AUTHORIZED TO OPERATE DURING PANDEMIC EVENTS.
CLEANLINESS IS A BASIC HEALTH NECESSITY AND IN OUR UNPREDICATABLE WORLD IT IS CLEARLY THE BEST AND FINANCIALLY SAFEST RETAIL BUSINESS INVESTMENT THAT WE KNOW OF.
Common Reasons You May Be Interested In Purchasing An Existing Profitable Self-Service Laundry
- YOU ARE RETIRED AND REQUIRE SOMETHING PRODUCTIVE TO DO THAT DOES NOT TAKE UP ALL OF YOUR TIME
- YOU ALREADY OWN A SMALL BUSINESS AND YOUR INCOME HAS BEEN ADVERSELY DISRUPTED DUE TO THE COVID VIRUS
- YOU WANT TO ADD ANOTHER SMALL BUSINESS TO YOUR INCOME STREAM BY VIRTUE OF DIVERSIFICATION
- YOU ARE UNEMPLOYED FOR A VARIETY OF REASONS
- YOU APPRECIATE THE YEAR ROUND FINANCIAL STABILITY OF THE COIN LAUNDRY INDUSTRY
- YOU WANT TO ESCAPE THE INSECURITY OF A JOB IN CORPORATE AMERICA OR YOU ENJOY YOUR JOB BUT WANT A SMALL BUSINESS THAT YOU CAN MANAGE SUCCESSFULLY WHILE ALSO WORKING IN YOUR CURRENT OCCUPATION. WE HAVE MANY CLIENTS WHO DO THIS.
Buy An Existing Profitable Coin Laundry VERSUS Building New In A Leased Space
- Buying an existing coin laundry costs approximately 2/3 of or less than building a new coin laundry facility
- Financing options available
What Laundry Development & Machinery LLC Will Do for You
- Locate the proper laundry for you and take a proactive role in the negotiation of the purchase price and represent only you in this process. We will not accept a commission of any nature from the seller of the laundry
- Carefully and scientifically evaluate the demographic validity and competitive picture of each laundry we examine for you.
- Technically evaluate all of the machinery and equipment within the laundry
- Provide guidance and examine the lease if the laundry is situated in leased space
- Clarify/Verify the reason the laundry is for sale and authenticate all current income streams and expenses
- Thoroughly analyze and evaluate the business on every financial level
- Construct the pro-forma financial and managerial parameters that would exist under your ownership
- Negiotiate the purchase price and terms of sale
- Assist in obtaining financing for you if required
- Provide unlimited management training
- Provide input on all forms of marketing your laundry
- Provide technical input on all equipment
Interested? Just Give Us A Call!
REQUEST A PRIVATE NO COST OR OBLIGATION MEETING WITH OUR LAUNDRY ACQUISITION SPECIALIST, STEPHEN BEAN, AT OUR CORPORATE OFFICES IN ROYAL OAK, MICHIGAN AND WATCH US EXCEED YOUR EXPECTATIONS.
AT SUCH A MEETING WE CAN EXAMINE THE MANY BENEFITS OF COIN LAUNDRY OWNERSHIP AND ANSWER ANY QUESTIONS OR CONCERNS YOU MAY HAVE.