Why Invest in a Coin Laundry?
Investing is a way of life. We put our money into savings accounts, mutual funds, 401(k) and the stock market. To maximize our future income potential, many of us are looking for new ways to build our nest eggs. Some of us are turning to entrepreneurial opportunities that are not only lucrative, but long lasting. One such way is through investing in a coin laundromat. Cash Opportunity Unlike many of the other businesses to invest in, laundromats are a cash business. They generally do not have accounts receivable so owners aren’t waiting on others to pay their bills. A coin operated laundromat is also one of the few business ventures that’s virtually recession proof. No matter who you are, you have to do laundry at some point. Because it is a necessity of life, laundromats are for the most part more protected from economic downturns than other businesses. The income received from owning and operating a laundromat is also more consistent from year-to-year, and offers greater control agai
