Is Investing in a Commercial Laundromat Equipment a Good Idea?
Let Dexter And AAdvantage Make Your Investment Pay Dividends
You may think investing in the stock market is the only way to see the kind of returns you are looking for, but intelligent investments can come from many places. The key is not just about making an intelligent low-risk decision but how you can turn an investment into passive income. Let's look at how that investment can pay dividends when you partner with AAdvantage and Dexter for your laundromat.
Until the late 1800s, washing machines were hand-powered, and commercial laundry machines were driven by steam and belts. That changed in 1908 with the introduction of Thor.No, not the god of thunder, but the first commercial electric washer.
Laundromats and commercial laundromat equipment came to the US during the Great Depression in the 1930s. The "Washateria," as it was called then, was available at a time when most people couldn't afford a residential or commercial washer and dryer.
Of course, things have changed quite a bit since the 1930s, and thanks to technological advances from companies like Dexter Laundry, the machines have evolved dramatically. While most in the US have washers and dryers in their homes, laundromats are popular with apartment residents, those who don't have their own washing machines, and people who have bedding and other items that residential washers cannot accommodate due to their smaller drum capacity.
But even while many homes have washers and dryers, vended laundry investments tend to outpace typical investments by as much as six to one and have an average rate of return of 25-30%.
Why Is A Commercial Laundromat And Commercial Laundromat Equipment An Excellent Investment?
The short answer is because even in a lousy economy, people need clean laundry. Week after week, load after load, the demand for clean laundry remains constant.
Laundromats are excellent investments. They can run unmanned for 24 hours a day, seven days a week, with low maintenance and immediate cash returns.
There are three critical reasons that Laundromats are an excellent investment for your dollar:
- The high returns and higher success rate versus other types of businesses – as mentioned above, everyone does laundry. Still, with today's value-added facilities, revenue sources are not just from the machines themselves but from the added services they offer, like pick-up and delivery options, along with vended food and supplies.
- It is recession-resistant and pandemic proof because even in a bad economy, when people downsize, they still have the need for commercial laundry equipment. When a pandemic hits, laundromats are even more critical. This is because cleanliness is crucial in the middle of a crisis. People also are not able to afford to fix the washers and dryers during a bad economy.
- It's primarily a cash business - Most laundries are equipped with change machines and dollar coins making it easier to accommodate higher vend prices. And even though Dexter machines have several different types of payment options for customers, people generally prefer to pay in cash, making it one of the few primarily cash businesses remaining.
Dexter And AAdvantage: Your New Business Partner
There's no need to worry about managing inventory levels with commercial laundromats, predicting usage, or working with multiple suppliers. Almost all the operating expenses are the up-front costs associated with machine purchases, your lease, and utilities. In addition, most commercial laundries don't require full-time employees.
If you're looking for your next entrepreneurial move, Dexter has some great promotions and low rates for new laundry with packages ranging from $10,000 to $300,000+. Qualified applicants can enjoy variable interest rates as low as 6.24% with six months' interest only, giving you time to build your business and make a profit.
The world has changed, and as an investor, it's more important than ever to have a business plan that includes the right location, due diligence, and the right business partner to support your growth. Let AAdvantage Laundry and Dexter be that partner. Contact us today. We'd love to talk with you.