Is retirement the best business for you

According to the Coin Laundry Association, laundry centers and coin laundries average a powerful 20 to 30% return on investment. The success of a laundry owner offers 6 powerful perspective on why you too can and should do great financial rewards part-time efforts.

Are you ready to join the ranks of the many successful entrepreneurs like Dan King, which are "cleaning " Today's commercial laundry industry?
With the equity market volatility and uncertainty in the economy, many Americans are finding it difficult to find investments that can survive the recession and economic slowdown. However, the commercial laundry business with 20 to 30% return on investment is almost recession proof. In fact both Dun and Bradstreet and the SBA cited as one of the top 10 secure business investment can be done. Believe it or not, this is just one of many powerful reasons so many retirees looking to invest in their own stores laundry. The fact is that the coin laundries and laundromats are acquired one of the most beneficial part-time retirement, businesses that exist.

An owner lists the advantages

According to Dan King, owner of several pieces laundries in Southern California, "I strongly recommend investing in this industry, he has worked beautifully for me and that it can for you. Before I invested I considered 6 major advantages offered Laundry Center property and there are no other planned investments."

1. Firstly, I did not have to give up my regular job. I found that the bulk Coin Laundries run themselves, which was good for me because I was looking for a manager of the situation of absenteeism. The fact is that they require a few hours per week and are so easy to use that virtually anyone, anywhere can have one or more.

2. I also liked the fact that it was a "turnkey business, where you do not need to personnel at the scene. You can configure your laundry to stay open 24 hours a day, or you can have an automatic locking door on a timer set to open and close when you choose. Personally, I keep my clothes stores open full-time and that works well for my clients and for me.

3. Another advantage is that you can have a laundromat near you or farther. They thrive in all states of the union. Coin laundries can be placed in virtually every neighborhood shopping centers and perform exceptionally well tenant occupied densely populated, low-income areas. Your average customer will be estimated 89 million people who live in rental housing, which is rapidly growing in the housing sector of the nation.

4. Better yet, it is an "All Species" no business inventory and accounts receivable. You can expect a high return on investment, liquidity, tax benefits, and fast-growing equity. Whatever your cash down payment is at the time of purchase, you can usually expect to get a refund within seven years or sooner. Like buying a home, equity is ultimately based, and you can expect a substantial profit.

5. Once established, I found that the coin laundries paid like a cash machine "and from week to week. Let us be clear: the people will always need to wash their clothes, and that's why laundry centers thrive in the two periods of growth and recession. In fact, when times are slow, and home ownership is declining, self-service laundry prosperous market that most people can not afford to repair, replace or buy new washing machines and dryers, or as they go to the apartment housing with poor or no laundry.

6. Finally, I liked the fact that I could buy an existing laundry room to fit my budget, investment dollars and available as necessary. Coin laundries generally require between 1500 and 5000 square feet of retail space, depending on the size of the market. Most laundries occupy retail space, which is leased on a long-term lease of 10 years to 25 years, including option periods. The cost of buying a laundry acquired can vary from less than $ 50000 to over one million dollars, depending on the size, age and net income.

Bout linemen Dan King is one of many successful entrepreneurs in our dynamic industry. In fact, there are more than 35000 coin and card-operated laundries in the United States, generating more than $ 3.5 billion in annual revenues, and these figures are increasing! Millions of people use every day laundries. But most people do not realize that these same laundromats offer better ways to "cleanse" as water, soap and bleach. With the primary customer representing the fastest growth in the segment of the nation -- the laundry business is surprisingly stable, reliable and cost-effective. After all, families are in need of clean towels and bed linen whether the stock market is up or down. They need clean clothes in the summer and winter vacation or work, whether newborns, adolescents or retired.

About the author:
Ilene Fudim is a recognized expert on the national level in the IT industry, and laundry rooms in drafting the Laundry Center MarketWatch newsletter. She participated in the successful launch of numerous pieces of laundry business. For more information and a free copy of the Laundry Center MarketWatch newsletter, visit the Web at: laundrycenter.info or call toll free 1-877-45-Laundry.