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You don’t need to be a Wall Street banker to understand that laundry is a smart investment. Vended laundry investments can outpace the typical investment by as much as 6:1, with the average rate of return of 25-30%. Plus, whether the economy is booming or in recession, people always need clean laundry.
There are three key reasons that Laundromats are a great investment.
No matter if the economy is booming or in a recession, everyone needs clean clothes. That basic need is what leads the coin laundry industry to be stable despite the ups and downs of the economy. Week after week, load after load, the demand remains constant.
With a laundry, you don’t have to worry about managing inventory levels, predicting usage or working with suppliers. The majority of the operating expenses are the up-front cost of the machine purchase, your lease, and the utilities. Plus, most laundries can function all day, every day without the need for full-time employees.
Most laundries are equipped with change machines and dollar coins making it easier to accommodate higher vend price. While there are increasingly more and more ways to pay, people generally prefer to pay in cash at laundromats, making it one of the few largely cash businesses remaining.
Newer Owners
Fixed Rate Special
| Amount Financed | Note Terms (Months) | |||||
|---|---|---|---|---|---|---|
| Loan Type | 36 | 48 | 60 | |||
| up to $150,000 | Fixed | 9.99% | 10.49% | 10.99% | ||
Newer Owners
Fixed / Variable Rate Special
| Amount Financed | Note Terms (Months) | ||||
|---|---|---|---|---|---|
| Loan Type | 1-60 | 61-72 | 73-84 | 85-96 | |
| $150,000 - $299,999 | Fixed / Variable | 10.99%* | Prime +2.49% | Prime +2.49% | N/A |
| Over $300,000 | Fixed / Variable | 10.99%* | Prime +2.49% | Prime +2.49% | Prime +2.49% |
Newer Owners
Variable Rate Special
| Amount Financed | Note Terms (Months) | |||||
|---|---|---|---|---|---|---|
| Loan Type | 1 - 6 | 7 Thru Remaining Term Up To 96 Months | ||||
| Any Amount | Variable | Interest Only Prime +2.24% | Principal and Interest Prime +2.49% | |||
Fixed Rates Starting at 9.99%*No Origination Fees**
Experienced Owners
Fixed Rate Special
| Amount Financed | Note Terms (Months) | |||||
|---|---|---|---|---|---|---|
| Loan Type | 36 | 48 | 60 | |||
| up to $150,000 | Fixed | 7.99% | 8.49% | 8.99% | ||
Experienced Owners
Fixed / Variable Rate Special
| Amount Financed | Note Terms (Months) | |||||
|---|---|---|---|---|---|---|
| Loan Type | 1-60 | 61-72 | 73-84 | 85-96 | 97-108 | |
| $150,000 - $299,999 | Fixed / Variable | 8.99%* | Prime +2.49% | Prime +2.49% | N/A | N/A |
| Over $300,000 | Fixed / Variable | 8.99%* | Prime +2.49% | Prime +2.49% | Prime +2.49% | Prime +2.49% |
Experienced Owners
Variable Rate Special
| Amount Financed | Note Terms (Months) | |||||
|---|---|---|---|---|---|---|
| Loan Type | 1 - 6 | 7 Thru Remaining Term Up To 96 Months | ||||
| Any Amount | Variable | Interest Only Prime +2.24% | Principal and Interest Prime +2.49% | |||
Fixed Rates Starting at 7.99%*No Origination Fees**
