Thinking about opening your own business? In today's retail and franchise-rich environment, many business opportunities are available. Having an entrepreneurial spirit is one thing. Choosing the right business is quite another. How can you invest in a business that can achieve success in both the short and long term?
According to industry statistics compiled by the Coin Laundry Association, there are approximately 35,000 coin laundry stores in the United States. These businesses generate approximately $5 billion in gross revenue annually. Clean clothes, like food and shelter, are considered a necessity of life. Coin laundries thrive in periods of both growth and recession.
During periods of recession, when home ownership decreases, the vended laundry market expands as more people are unable to afford to repair, replace or purchase new washers and dryers, or as they move to rental housing with inadequate or nonexistent laundry facilities. The market grows proportionately to the increase in population. The public will always need this basic health service because people always need to wash clothes.
Owning your own coin laundry is a great business opportunity for savvy entrepreneurs. The experts at Pierce Commercial Laundry will help you every step of the way. Find out about the lucrative world of coin laundry ownership by visiting the links below.