What services do
you provide?
Sales, Service and Parts for Electrolux and Wascomat laundry
equipment. Laundry analysis and sizing, consultation, location
evaluation, computerized design and layout, equipment financing,
construction, training (service and management), and turn-key
stores.
Why should I
invest in an Electrolux or Wascomat Coin Laundry with A C Power, and
how much will I earn on my investment?
A professional coin-operated or debit-card
laundry is a smart investment, particularly in today's economy. You
have no inventory and no accounts receivable to worry about. It's an
all cash, self-service, low labor, recession-proof business with
high return on investment. According to Coin Launderer and Cleaner,
a leading trade magazine, the average return on investment of a
commercial laundry is 48.7%. That means on the average, your
investment in a commercial laundry would be paid back in just over
two years. Additional profitable services such as wash, dry and
fold, and drop-off dry cleaning can be offered. Self-service
commercial laundries have been a growth business in the 90's, and
will continue to be an excellent, easy to manage business in the
future. Important factors affecting the earnings potential of a
modern commercial laundry are:
- Location
- Management
- Size of the store
- Equipment Mix
- Advertising and Promotion
What makes a good location for my Commercial Laundry?
Your business should be located in a high-traffic, densely populated, middle income area with parking. Coin laundries can also do well in middle-to-high income areas with condominiums, apartments and townhouses because many two income families find it more convenient to use the local commercial laundry with it's wash, dry and fold service.
Can A C Power help me find a good location?
Yes. We provide pre-qualified locations, store designs, and equipment recommendations. We can also provide assistance in negotiating a good lease. We usually have locations that are in negotiation and/or in construction.
Does it take any special skills to own and operate a self-service coin laundry?
No. A coin laundry is a service business. No special skills are required. The most important factor in your success is you! A C Power Company will assist you in making your store successful, including assistance with marketing and promotion concepts. However, the most important skill is common sense, hard work, and business professionalism.
How much does it cost to build a commercial coin/debit laundry?
The cost depends on the location, size, equipment mix, and amount of leasehold improvements required for your store. Today's professional coin laundries typically range in average size from 2,000 to 5,000 square feet, but smaller or larger stores can be just as successful. A properly equipped and built coin laundry can cost in total from $200,000 to over $1,000,000. An average cost is approximately $450,000.
What investment is required?
You'll need to invest a minimum of 20-30% cash to get into the commercial laundry business. The cash investment required depends on the size of your store and the amount of leasehold improvements needed. Remember that you'll need to post deposits for the lease and to open your utility accounts, also.
Where do I obtain financing?
A C Power has an inventory of lender partners that can assist you in obtaining the financing package that fits your needs.
Call us at 1-800-362-1900 for more information.