Anonymous asked in Business & FinanceSmall Business · 1 month ago

What are pros and cons of owning a coin laundromat?


3 Answers

  • Anonymous
    1 month ago

    Well, right now it's kind of a pain in the butt, because there are kind of zero quarters in circulation. But even in more coin-flush economic times, it seems like it would be kind of a gross place to spend all your workdays. It's hot, it's humid, you're breathing all the lint expelled by the machines, people are blaming you because some other customer stole their underwear, you have to be constantly on the lookout for 12-year-old boys trying to tumble each other around in the dryers, and there are probably drunks coming in to puke and crash on the floor all the time. Big fun. Advantages? Well, I guess you know the secret code to run the machines without money, so you can wash your clothes for free, BFD.

  • ?
    Lv 7
    1 month ago

    Pro: low employee expense, since owner can be his or her own janitor.  Con is that quarters don't add up too fast, if your location is less than desirable.

  • Jamies
    Lv 4
    1 month ago

    That's a very location-specific question. They have very low overhead, But they depend on being open 24 hours a day 7 days a week which includes paying someone to be present there 24 hours a day 7 days a week. Because machines do break down, people will vandalize, etc. And while the daily overhead is low the startup cost can be considerable. You have to buy a tremendous amount of machines. and lots of people will not clean out their pockets before using your machines. That includes makeup, metal objects, etc.

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