Justin Commercial Laundry
Sales, Inc.
5310 Baseline Road
Little Rock, Arkansas 72209
Phone: 501.568.8600 - Toll Free: 888.403.9600
|
|
Justin Commercial Laundry
Sales, Inc. |
|
 |
The term coin laundry is defined as "commercial-grade, self-service laundry equipment placed into service in a retail space." Coin laundries generally occupy the retail space on long-term leases (10-25 years), and generate steady cash flow over the life of the lease. Coin laundries are unique small businesses in that they have no inventory or receivables. A minority of coin laundries employ attendants. Coin laundries can range in market value from $50,000 to over $1,000,000, and can generate cash flow between $15,000 and $200,000 per year. Business hours typically run from 6:00 am to 10:00pm. The stores usually occupy 1,000 to 4,000 square feet of retail space, with the 1998 average being 2,320 sq ft. New coin laundries are valued based on actual construction and equipment costs; while existing coin laundries are valued based primarily on revenues. Coin laundries are perfect examples of passive income generators. Coin laundries are also referred to as "coin-op laundries," "coin-operated laundries," or "laundromats." (Source: Coin Laundry Association)
|
